Philadelphia Cargo Shipping Agency Ltd

Philadelphia Cargo Shipping Agency Ltd, based in Leicester, UK, is a small, active company founded six years ago in 2018. With two employees and a real registered address, it’s a relatively modest operation overseen by two directors and one owner. The company is an irregular exporter, primarily dealing in furniture, lighting, and prefabricated buildings, with just two months of export activity recorded as of November 2024.

The company’s website highlights its focus on providing dependable and accurate transportation services to both individuals and businesses. It specializes in sea freight to Libya, air freight for time-sensitive shipments, and customs clearance services. The website also emphasizes its commitment to serving the Libyan community in the UK, facilitating the export of personal and commercial goods. It's clear they're trying to build a reputation for reliability and customer service.

Financially, Philadelphia Cargo Shipping Agency Ltd shows some concerning trends. Cash bank on hand has increased significantly to £4,300—a positive sign—but creditors have also risen by 27% to £15,000. Equity has remained relatively stable at -£10,000, and net assets are also at -£10,000. While these numbers aren’s necessarily bad, the increase in creditors suggests the company might be relying more on borrowed funds. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the accounts are unaudited.

The company’s focus on a niche market—shipping goods to Libya—could be a source of strength, but it also creates dependency. Whether they can maintain a sustainable business model remains to be seen, and the increase in creditors is something to keep an eye on.

Registered in England/Wales under the registration number 11561061, with a registered address at LE2 7QP, England, Leicester, 23 Pentland Close.

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