Reliance Freight Uk Ltd

Reliance Freight Uk Ltd, based in London, UK, is a small, active company established seventeen years ago. With a single employee and two directors, it operates from a real address in Leyton. The company holds a perfect 5.0 Google rating from eight reviews, a testament to its customer service. It’s a solo-founded operation, and its core business revolves around freight forwarding, particularly between the UK and Nigeria.

The company’s website highlights its services, including air, sea, and road freight, door-to-door delivery, and vehicle shipment. It caters to businesses needing to transport goods from London to Lagos and beyond, offering solutions for everything from small packages to full container shipments. The site emphasizes speed, reliability, and efficiency—key selling points in the competitive freight forwarding industry. It also mentions services like warehousing, storage, and even disaster recovery for pianos, which is a bit of an unexpected addition.

Financially, Reliance Freight Uk Ltd presents a mixed picture. Cash bank on hand has dropped significantly by 59%, falling to £8,100, while creditors have decreased by a substantial 78%, now standing at £3,800. Equity, however, has increased by 63%, reaching £4,300, suggesting a strengthening financial base. Trade creditors have also seen a decrease, which is a positive sign. 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 drop in cash reserves warrants attention. The accounts are unaudited and prepared under FRS 102, which is typical for small companies.

While the company’s Google rating indicates strong customer satisfaction, the financial data suggests it's navigating a period of change. The decrease in cash reserves and increase in bank borrowings may indicate a need for careful financial management, but the increase in equity suggests a positive outlook.

Registered in England/Wales under the registration number 06596759, with a registered address at E10 7QE, London, Unit 9, 17 Argall Avenue, Leyton.

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