Odin Shipping Limited

Odin Shipping Ltd from Sunderland, UK, is a small, active company founded 47 years ago in 1977. With just four employees and £604,375 in assets, it’s a well-established, family-run business. The company has three directors and a single owner, who is also the solo founder. It maintains a real address and boasts a stellar 5.0 Google rating based on four reviews. Odin Shipping is an irregular importer, primarily dealing with electrical machinery and equipment, with its last import operation recorded 11 months ago.

The company operates as a subsidiary of Svane Shipping AS, Kolding, Denmark, and provides comprehensive agency chartering services, moving cargoes to and from Europe and beyond. It also offers an online inventory management system for customers working within the Port of Sunderland and provides customs clearance services via a live link to HM Customs and Excise. The website highlights a focus on efficient port turnarounds and a longstanding relationship with the ports it serves.

Financially, Odin Shipping Ltd shows a mixed picture. Cash reserves have increased significantly by 57% to £520,000, while current assets have also grown by 62% to £600,000. However, creditors have surged by 150% to £320,000, and net losses have deepened, suggesting increased borrowing to support operations. The company’s size—meeting two of three criteria for a small company—allows for agility, but the rise in creditors warrants closer monitoring. The company’s bank borrowings have also increased, which is a concern. With no auditor mentioned, the figures are unaudited. The company’s net assets have increased by 15%, which is a positive sign.

Registered in England/Wales under the registration number 01336338, with a registered address at SR1 2EE, Sunderland, Tyne And Wear, East Quay House, South Dock.

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