Shipco Transport Limited

Shipco Transport Limited, based in South Woodford, UK, is a sizable company with an active status, having been incorporated 36 years ago in September 1988. Employing 34 individuals, the company holds £4,218,356 in assets and generates £15,581,546 in yearly revenue. Despite a real address, 29 other companies are registered at the same location, suggesting a potentially virtual address. The business is overseen by three directors and one owner, and currently holds a Google rating of 2.0 based on nine reviews.

Shipco Transport Limited operates in the cargo handling industries, specifically water, land, and air transport activities. It’s known for irregular imports of optical and medical tools and devices (spanning two months, with the last operation in 2018) and irregular exports of clothing and accessories made by knitting or crocheting (one month, last operation in November 2023).

A look at the company’s financials reveals a mixed picture. While turnover remained stable, net assets dropped significantly, falling 69% to £1.7 million. Bank borrowings increased substantially, reaching £290,000, and cash reserves decreased by 75%, leaving just £1.5 million. Creditors also decreased, suggesting improved debt management. Despite these pressures, the company's small size (meeting two of three criteria for turnover under £36 million, assets under £18 million, and fewer than 250 employees) allows for agility. The accounts are unaudited, and no auditor is mentioned.

The company’s ultimate parent is A.S.Scan Holding A/S, a company incorporated in Denmark. It’s clear that Shipco Transport Limited is navigating a period of change, with declining profitability and increased borrowing. Whether it can maintain its position in the competitive cargo handling market remains to be seen.

Registered in England/Wales under the registration number 02298865, with a registered address at E18 1BD, United Kingdom, South Woodford, London, Essex House 8 The Shrubberies, George Lane.

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