Scanwel Limited

Scanwel Limited, based in Bala, Wales, is a small, holding company with an active status, celebrating 50 years since its founding in 1974. The company employs 27 people and holds assets totaling £3,426,780. With two directors and one owner, Scanwel operates from a real address at Unit 15 Enterprise Park and is a regular importer of electrical machinery and equipment (247 months) and a regular exporter of miscellaneous manufactured goods (14 months).

The company’s website reveals a much larger operation: Scanwell Logistics, one of the largest Asia-based freight forwarding and logistics companies. With offices in Felixstowe and Heathrow, Scanwell Logistics boasts an extensive international network and specializes in air, ocean, road, and courier services, including warehousing, fulfillment, customs clearance, and specialist forwarding. Founded in 1981, the company has expanded rapidly, establishing a significant presence in both the US and China, and prides itself on its global reach and professional staff.

Financially, Scanwel Limited’s recent performance presents a mixed picture. Current assets have decreased significantly by 37%, dropping to £3,400,000. Net assets have also fallen by 34%, now standing at £2,900,000. Bank borrowings have decreased by 39%, reaching £130,000, and cash reserves have plummeted 91%, leaving just £18,000. However, trade debtors have also decreased by 54%, suggesting improved collection practices. Creditors have fallen by 39%, and other creditors have risen by 84%, which is a bit concerning. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor is typical for a small company.

Overall, Scanwel Limited seems to be facing some financial headwinds, with declining assets and cash reserves. However, the company's larger logistics arm, Scanwell Logistics, appears to be thriving, suggesting a potentially complex relationship between the two entities. It's a bit of a surprise that the smaller company is holding the larger one.

Registered in England/Wales under the registration number 01182653, with a registered address at LL23 7NL, Wales, Bala, Gwynedd, Unit 15 Enterprise Park.

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