Rtv - Worldnet Shipping Limited

Rtv Worldnet Shipping Ltd, based in Aberdeen, UK, is a small, family-run business with an active status, having been founded 22 years ago. The company employs seven people and holds assets valued at £1,264,819. It operates from a real address and is managed by two directors and two owners. While it’s an irregular importer of machinery, boilers, and mechanical appliances (parts imported for just one month in 2021), it’s a regular exporter of the same goods (11 months of exports, the latest in February 2023).

The company's website details a wide range of freight services, including air, sea, road, customs consultancy, courier, storage, packing, and insurance. It caters to both UK and international clients, highlighting 24-hour support and specialized services like pipe racking and bundling. The website also points to a focus on project logistics, offering bespoke solutions and experienced staff guidance.

Financially, Rtv Worldnet Shipping Ltd presents a mixed picture. Cash reserves saw a healthy increase of 52%, reaching £990,000, while current assets rose by 20% to £1,300,000. However, bank borrowings jumped significantly, increasing by an unknown percentage to £18,000. Creditors also increased by 39% to £390,000, and trade debtors decreased by 33% to £270,000. 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 increase in borrowings and creditors suggests a need for careful financial management. The company's accounts are unaudited, and no auditor is mentioned.

The substantial increase in property plant equipment, particularly motor vehicles, by 82% to £90,000, may indicate investment in its operational capabilities. It’s likely that the company is navigating typical challenges of a growing business, balancing investment with maintaining a strong financial footing.

Registered in Scotland under the registration number SC233010, with a registered address at AB21 7HG, United Kingdom, Aberdeen, Aberdeenshire, Unit 3 Burnside Industrial Centre Wellheads Road, Dyce.

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