Plexus Freight Ltd

Plexus Freight Ltd, based in Portishead, UK, is a small, active family business established 29 years ago. With five employees and £848,880 in assets, it operates from a virtual address – registered at a location shared by 21 other companies – and is led by two directors and owners, Belinda and Glen Freeth-Selway. The company boasts an impressive Google rating of 5.0 based on 112 reviews, reflecting positive customer experiences. It functions as an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with its last import activity recorded one month ago in October 01, 79.

The company’s website is minimal, offering little insight beyond its core service: freight transport by road. There's no indication of e-commerce or any secondary ventures. It appears to be a straightforward logistics provider, focused on facilitating the movement of goods.

Financially, Plexus Freight Ltd presents a mixed picture. While cash bank on hand increased significantly by 57%, reaching £270,000, other indicators suggest potential challenges. Net assets grew by a healthy 43% to £300,000, but trade debtors decreased by a substantial 24%, dropping to £350,000. Creditors also increased by 6.2%, reaching £560,000. The number of employees reported increased by 60%, from five to eight, which could indicate expansion or a need for additional support. 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 fluctuating debtor and creditor balances warrant closer attention. The company is exempt from an audit, so the figures are unaudited.

Overall, Plexus Freight Ltd seems to be navigating a period of change. The increase in cash reserves is encouraging, but the shifts in debtor and creditor balances suggest a need for careful financial management.

Registered in England/Wales under the registration number 03159476, with a registered address at BS20 7AN, United Kingdom, Portishead, Bristol, Pure Offices Kestrel Court, Harbour Road.

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