Ontime Freight Ltd

Ontime Freight Ltd, based in Folkestone, UK, is a small, active company founded seven years ago. With four employees and £1,471,499 in assets, it operates from a real address and is led by a single director and owner, Singh Harpreet. The company is an irregular importer, primarily dealing with miscellaneous metal items, with the last import operation occurring in March 2025. It's a solo founder venture, and the business is registered at CT19 4PF, United Kingdom, Folkestone, Kent, 1 Maryann Cottages, Ashley Avenue.

The company's website details its focus on providing transport services, specializing in container haulage and chilled distribution. It highlights its experience serving blue-chip clients and logistics companies, boasting a fleet of 44-tonne vehicles and a commitment to real-time tracking. The business operates from all the main seaports around the UK, including Thamesport, Tilbury, Immingham and Sheerness in Kent. It's a family-run business with over 16 years of experience, employing over 30 staff and prides itself on exceptional service.

Financially, Ontime Freight Ltd shows a mixed picture. Cash bank on hand increased by 3.9% to £1,200,000, while net assets liabilities grew by 44% to £1,300,000. However, bank borrowings decreased by 36% to £19,000. Trade debtors increased significantly by 3400% to £300,000, which could indicate a period of rapid growth but also potential challenges in managing cash flow. The company meets the criteria to be considered a small company, with turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. Depreciation on motor vehicles decreased by 49%, which might be due to a change in maintenance practices or a reduction in the fleet size. The company is exempt from an audit, so the financial statements are unaudited.

Registered in England/Wales under the registration number 11302354, with a registered address at CT19 4PF, United Kingdom, Folkestone, Kent, 1 Maryann Cottages, Ashley Avenue.

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