Ryecroft Freight Ltd

Ryecroft Freight Ltd, based in Chelmsford, UK, is a small, active company established 25 years ago. With just two employees and £411,719 in assets, it’s a lean operation run by a solo founder, Howell David, and two directors. The company operates from a virtual address, sharing space with 131 other businesses, which is a little unusual. They're irregular importers, primarily bringing in wool and animal hair products—just one month's worth in the last year, with the latest shipment arriving in December 2024. Ryecroft Freight provides freight forwarding services, covering air, sea, storage, warehousing, and consolidation, and even sponsors a local football club.

Their website highlights a focus on global reach and cost-effective solutions, catering to both full and less-than-full container loads. They even have a showroom in Harrods, London. The business operates in the passenger transport sector, offering freight forwarding services to almost any seaport worldwide.

Financially, Ryecroft Freight Ltd shows some positive trends. Cash bank holdings increased by a healthy 15% to £130,000, and trade debtors rose by 4.3% to £280,000. However, accrued liabilities increased by 8.4% to £4,100, and corporation tax payable jumped significantly by 64% to £76,000. Net assets grew by a substantial 100% to £150,000, but trade creditors decreased by 29% to £180,000. The company’s size—meeting two of three criteria for a small company—allows for agility, but the rise in corporation tax payable could be a concern. As a small company, they are exempt from an audit, so the financial data relies on unaudited statements. It seems like they are doing okay, but the increase in tax could be a challenge.

Registered in England/Wales under the registration number 03963666, with a registered address at CM2 0AW, Chelmsford, Essex, 146 New London Road.

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