Oceanside Logistics Limited

Oceanside Logistics Ltd from Eastleigh, UK, is a small, active company founded thirteen years ago in 2011. Employing twenty-four people and holding £2,691,249 in assets, it operates from a virtual address shared by seventy-four other companies, a bit unusual. The business is run by two directors and a solo founder, Green Harry James, who also owns the company. Oceanside Logistics is an irregular importer of electrical machinery and equipment, with just two months of import activity recorded, and a regular exporter, with four months of export activity.

The company’s core business involves freight transport by road, operating in a competitive industry. While it doesn’s have a website, its activities suggest a focus on moving electrical machinery and equipment both into and out of the UK. The shared address raises questions about its physical presence, but it’s likely a cost-saving measure common among smaller logistics firms.

Financially, Oceanside Logistics Ltd presents a mixed picture. Current assets have decreased by 40%, dropping to £2,700,000, while net assets have also declined, falling 12% to £820,000. Bank borrowings have increased by 23%, reaching £29,000, and cash reserves have fallen 82%, dropping to £89,000. Creditors decreased by 19%, suggesting better debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. There is no auditor mentioned, likely due to its small size.

The decrease in cash reserves and assets is concerning, indicating potential cash flow challenges. However, the decrease in creditors suggests that the company is managing its debts effectively. The irregular import activity and the consistent export activity suggest that the company is adapting to changing market conditions. Whether it can sustain its growth and profitability in the long term remains to be seen, but for now, Oceanside Logistics Ltd is navigating a complex landscape.

Registered in England/Wales under the registration number 07761274, with a registered address at SO53 4AR, England, Eastleigh, Hampshire, Highland House Mayflower Close, Chandler's Ford.

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