Pharmafreight Limited

Pharmafreight Limited, based in Newcastle Upon Tyne, UK, is a small holding company with an active status, having been founded 24 years ago in 2000. The company employs just two people and holds assets valued at £743,421. It has a real address and is overseen by four directors and one owner. Pharmafreight is an irregular importer of paper and paperboard products, with just one month of import activity recorded in 2021, and an irregular exporter of optical and medical tools and devices, with two months of export activity as of October 2023.

The company’s website highlights its focus on pharmaceutical GDP logistics, offering services ranging from overseas home deliveries and clinical trials support to UK warehousing and temperature-controlled packaging. It operates a global tracking system and boasts a network of franchised depots. The site also features an online training centre, offering certification in pharmaceutical logistics, and promotes its association with Envirotainer training. The website clearly positions Pharmafreight as a specialized logistics provider catering to the pharmaceutical industry, with a strong emphasis on quality, compliance, and international reach.

Financially, Pharmafreight Limited presents a mixed picture. While current assets increased slightly to £740,000, equity dropped significantly by 20% to £650,000. Cash bank on hand decreased by nearly 10% to £98,000. Amounts owed by group undertakings rose by 15% to £600,000, and corporation tax payable increased substantially by 92% to £29,000. Creditors decreased by 44%, suggesting improved debt management. 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 decline in equity warrants attention. The financial statements are unaudited, as is typical for small companies, and no auditor is mentioned. It appears that the company is holding steady, but the increased tax liability and changes in liabilities suggest a need to monitor cash flow closely.

Registered in England/Wales under the registration number 04082853, with a registered address at NE4 5DE, England, Newcastle Upon Tyne, C/O Womble Bond Dickinson (Uk) Llp The Spark Draymans Way, Newcastle Helix.

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