Sims Logistics Limited

Sims Logistics Ltd, based in Stockport, UK, is a small, active company founded 17 years ago. With four employees and £540,542 in assets, it operates from a real address and is overseen by three directors and one owner. The company boasts a solid 4.0 Google rating from 19 reviews, and is an irregular importer of leather goods, travel bags, and animal harnesses, with its last import operation occurring just one month ago.

The company’s core business revolves around freight transport by road, and it appears to have expanded its operations with several subsidiary companies: Sims Logistics (Tilbury) Ltd, Sims Logistics (Bristol) Limited, Sims Logistics (London) Limited, and Sims Logistics (Birmingham) Limited. While no website is available for direct analysis, the existence of these subsidiaries suggests a broader regional presence and potentially diverse service offerings within the logistics sector.

Financially, Sims Logistics Ltd presents a mixed picture. While net assets increased by 25%, reaching £140,000, and cash reserves saw a significant jump of 170% to £44,000, other areas show concerning trends. Bank borrowings decreased by 13%, settling at £87,000, and trade debtors increased by 28%, reaching £240,000, which could indicate difficulties in collecting payments. Creditors also rose by 59%, reaching £260,000, suggesting an increase in short-term liabilities. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned likely means the accounts are unaudited.

Overall, Sims Logistics Ltd appears to be navigating a period of growth, but the increase in both debtors and creditors warrants close monitoring. The expansion through subsidiary companies indicates ambition, but the company’s financial health will depend on its ability to manage its liabilities and maintain efficient cash flow.

Registered in England/Wales under the registration number 06537221, with a registered address at SK4 3EG, United Kingdom, Stockport, Cheshire, Trade Winds House Barton Road, Heaton Mersey.

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