Reid Freight Services Limited

Reid Freight Services Ltd from Stoke On Trent UK: large company, holding company, active status, founded 37 years ago, 55 employees, £2,450,320 assets, yearly revenue: £6,100,101, real address, 5 directors, 1 owner, google rating 4.0 based on 42 reviews. Regular importer of vehicles, parts, and accessories (not for trains or trams) (3 months imported).

Reid Freight Services Ltd is a well-established transport and haulage company based in Staffordshire, England. Operating for over 43 years, the company boasts a diverse fleet ranging from transit vans to specialist vehicles including HIAB cranes and low loaders, catering to a wide range of transport needs. They provide services from their purpose-designed depot and offer solutions like groupage, unit loads, and warehousing. The company’s website highlights a strong focus on customer service and a commitment to reliable transport.

Beyond freight transport, Reid Freight has expanded into training and warehousing, and even operates a division specializing in RFS Training, passing on their industry knowledge. They also offer services like escort hire and are experts in Moffett forklift services. The company’s website provides detailed information about their services, including a gallery showcasing their work and a testimonials section highlighting positive customer experiences.

Financially, Reid Freight shows some interesting trends. While turnover remained relatively stable at £6.1 million, net assets decreased by 13%, reaching £4.1 million. Bank borrowings decreased significantly by 37%, falling to £1.4 million, and cash reserves dropped by 45%, ending at £880,000. Creditors increased by 18%, reaching £1.2 million, and staff numbers decreased slightly to 52. The company’s large size (meeting two of three criteria for being a large company) suggests a robust operation, but the decline in cash reserves and increase in creditors warrants attention. The financial statements were audited by Sumer Auditco Limited.

Despite these fluctuations, Reid Freight appears to be a resilient company with a diverse range of services and a strong reputation. The company’s continued investment in training and specialized equipment suggests a commitment to adapting to changing market demands.

Registered in England/Wales under the registration number 02229064, with a registered address at ST3 5LB, England, Stoke On Trent, Staffordshire, Newpark Works Cinderhill Industrial Estate, Weston Coyney Road.

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