Oldendorff Carriers (uk) Ltd

Oldendorff Carriers (uk) Ltd, based in London, is a small, active company founded thirteen years ago in 2011. With £2,818,759 in assets and a real address at EC2N 2HE, it employs eighteen people and is managed by two directors and four owners. Google users rate it a perfect 5.0 based on a single review. The company irregularly imports electrical machinery and equipment, with its last import operation occurring two months ago in December 2022.

The company's website reveals Oldendorff Carriers to be a global leader in dry bulk shipping, celebrating 104 years in business. It carries approximately 380 million tons of cargo annually, operating around 700 ships and performing 15,000 port calls worldwide. The business prides itself on family ownership, a long-term countercyclical strategy, and specialized transshipment solutions that enable clients to use bigger ships on long haul routes. It even has eight transshipment projects across the globe.

Financially, Oldendorff Carriers (uk) Ltd presents a mixed picture. While cash reserves increased by a substantial 130% to £620,000, current assets have plummeted by 80% to £2,800,000. Net assets also decreased, falling 31% to £1,900,000. Bank borrowings have increased, though it's unclear by how much, and creditors have decreased significantly, suggesting improved debt management. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the sharp decline in current assets and net assets is concerning. The company is exempt from an audit, so the figures are unaudited.

The company’s average number of employees has increased by 39%, reaching 25, which is a positive sign of growth. However, the significant decrease in assets suggests that the company may be facing some financial challenges. It’s likely that the company is investing in new vessels, as indicated by its investment program of approximately US$4 billion.

Registered in England/Wales under the registration number 07793726, with a registered address at EC2N 1AR, United Kingdom, London, 12th Floor 125 Old Broad Street.

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