Powercargo Logistics Ltd

Powercargo Logistics Ltd, based in London, UK, is a small, active company founded six years ago. With thirteen employees and £1,128,929 in assets, it operates from a virtual address – a detail worth noting as 3,691 companies share the same location. The company is led by a solo founder, Arturas Klapciukas, who also serves as director and owner, and boasts a stellar 5.0 Google rating from 21 reviews. Powercargo specializes in importing machinery, boilers, and mechanical appliances, with recent activity recorded as of November 1st, 1994.

The company’s website paints a picture of a full-service logistics provider. It offers a range of services, including sea, air, road, and rail freight, alongside warehousing, distribution, customs clearance, and cargo insurance. Notably, it’s an Amazon FBA Service Provider Network (SPN) certified partner, catering to the growing e-commerce market. The site also highlights expertise in origin inspection and auditing, suggesting a focus on quality and compliance.

Financially, Powercargo Logistics Ltd presents a mixed bag. While current assets increased by a substantial 100% to £1,100,000, net assets decreased by 22% to £110,000. Bank borrowings have surged by 410% to £21,000, and cash reserves have fallen by 32% to £24,000. Trade creditors have increased significantly by 130% to £1,000,000, and trade debtors have also risen by 69% to £710,000. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the decrease in equity and increase in debt are points to consider. The company is exempt from an audit, so the figures are unaudited.

Overall, Powercargo Logistics Ltd appears to be a growing company facing some financial pressures. The increase in debt and decrease in equity could be a result of investments in growth, but it’s something to watch. The company’s focus on specialized services and its Amazon FBA partnership position it well for continued success, but managing its finances will be key.

Registered in England/Wales under the registration number 11380028, with a registered address at WC1N 3AX, England, London, 27 Old Gloucester Street.

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