Reed Forwarding Limited

Reed Forwarding Limited, based in Bury St Edmunds, UK, is a small holding company with an active status, established 21 years ago. Employing seven people and holding assets of £447,209, the company operates from a real address and is overseen by two directors and one owner. It’s an irregular importer of pharmaceutical products (last activity in 2016) and an irregular exporter of special woven and decorative fabrics (also last activity in 2016).

The company’s website highlights its services as a freight forwarding business, operating since 1998. Reed Forwarding provides services including sea freight, bonded warehousing, container loading, and air freight, catering to businesses near Felixstowe port. They emphasize personalized service and secure warehousing with trained staff. The website also mentions a successful piano restoration division, 1066 Pianos, which operates from Cambridge and has a showroom in Harrods—a surprising and potentially lucrative diversification.

Financially, Reed Forwarding Limited presents a mixed picture. While cash reserves decreased significantly by 79% to £27,000, trade debtors saw a considerable increase of 20%, reaching £420,000. Net assets declined by 91% to a modest £33,000, and bank borrowings surged by a whopping 100%, reaching £0. Creditors also increased, with non-financial instruments ballooning by 1200%. 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 flexibility, but the sharp decline in equity and cash reserves suggests potential financial pressure. The company’s average number of employees has increased by 100% to 14, which could be a positive sign of growth or an indication of increased operational costs. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Registered in England/Wales under the registration number 04929007, with a registered address at IP32 7HT, Bury St Edmunds, Suffolk, Systems House, Chapel Pond Hill.

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