Shipping 247 Limited

Shipping 247 Ltd, based in Wolverhampton, UK, is a small, active company established 18 years ago. With seven employees and £408,231 in assets, it operates from a real address and is led by two directors and a solo founder. The company holds a respectable Google rating of 4.0 based on six reviews. It’s considered an irregular importer, having imported goods for just one month in 2019, and operates within the other transportation support activities sector.

The company's website is unavailable, making it difficult to determine the specifics of its operations beyond its registered activities. However, the company appears to be a freight forwarding service, offering shipping solutions in London, England.

Financially, Shipping 247 Ltd presents a mixed picture. While current assets increased by 4.8% to £410,000, net assets also rose by 13% to £100,000. However, bank borrowings decreased by 39%, reaching £16,000, and cash reserves fell 19% to £180,000. Trade debtors increased significantly, by 36%, to £230,000, suggesting potential issues with customer payments. Creditors also increased by 12%, to £45,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the increase in debtors could indicate a need to improve credit management. The company is exempt from an audit, so the financial statements are unaudited.

The company’s financial data reveals a decrease in depreciation impairment for plant and machinery, suggesting better asset management. However, the decrease in cash reserves is something to keep an eye on.

Registered in England/Wales under the registration number 05948817, with a registered address at WV8 1BZ, Wolverhampton, Durham House 73, Station Road, Codsall.

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