Port Of Boston Limited

Port Of Boston Limited, based in Lincolnshire, UK, is a sizable company with a history spanning 37 years. It's a holding company with an active status, employing 76 people and managing assets totaling £11,454,000. The company generated £5,856,000 in revenue last year and has five directors and three owners. It boasts a strong Google rating of 4.0 based on 131 reviews. The company is an irregular exporter, primarily dealing in iron or steel products, with its last export operation occurring in October 2024.

The company operates in the cargo handling for water transport activities industries. It's considered a large company, having met two of three conditions: turnover exceeding £36 million and a balance sheet total exceeding £18 million, and having more than 250 employees. The company's assets are substantial, with current assets reported at £11,454,000, and revenue reaching £5,856,000. The company’s registered address is a real address, as only one company is registered there.

Financial data reveals a mixed picture. While the company's overall assets remain significant, certain areas have shown concerning trends. Accrued liabilities have decreased by 37%, which could indicate improved financial management, but cash bank on hand has plummeted by a substantial 72%, leaving only £35,000. Staff costs have decreased by 29%, which could be a cost-saving measure, but it could also reflect a reduction in operational capacity. Bank borrowings have increased significantly, suggesting a reliance on debt financing. The company’s net assets have decreased, and turnover has fallen by 16%, which could be a result of broader economic conditions or increased competition.

Despite these challenges, Port of Boston Limited maintains a solid reputation, as evidenced by its high Google rating. The company's long history and established presence in the cargo handling sector provide a foundation for future growth. The lack of an auditor mentioned suggests the company is exempt from a formal audit, meaning the financial information is unaudited and relies on internal reporting. It's clear that while the company has a strong base, it's facing some financial pressures that will need to be addressed to ensure long-term sustainability.

Registered in England/Wales under the registration number 02198182, with a registered address at PE21 6BN, Lincolnshire, The Dock, Boston.

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