Neoworld Ltd

Neoworld Ltd, based in London, UK, is a small, active company founded twelve years ago in 2013. With five employees and £5,194,303 in assets, it operates from a virtual address – a point to note as 317 companies are registered at the same location. The company is managed by three directors and owned by two individuals, though the full ownership picture might be more complex. Neoworld specializes in freight forwarding, acting as both an importer and exporter, although activity has been irregular, with imports spanning one month and exports spanning one month.

The company’s website details a comprehensive range of services, from sea, air, and European land freight to warehousing, distribution, and customs clearance. It appears to be a full-service logistics provider, catering to businesses across Europe and beyond. The site highlights a focus on customer service, innovation, and compliance – key attributes in the competitive freight forwarding industry. The company even has a news section, with recent articles discussing sea versus air freight and the hidden costs of cheap rates.

Financially, Neoworld Ltd’s recent performance presents a mixed picture. While current assets increased by 22% to £5,200,000, there are some concerning trends. Cash bank on hand decreased significantly by 18% to £2,100,000, and trade debtors have surged by 81% to £3,100,000 – potentially indicating difficulties in collecting payments. Creditors have also risen by 45% to £1,800,000, and bank borrowings have increased substantially. Despite these challenges, the company’s net assets increased by 12% to £3,400,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in debt warrants attention. As a small company, it is exempt from an audit, so the financial information is unaudited.

Registered in England/Wales under the registration number 08478281, with a registered address at N2 8EY, England, London, Langley House, Park Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.