Speedshift Logistics Ltd

Speedshift Logistics Ltd, based in Swansea, UK, is a small, family-run business with an active status. Founded nine years ago in 2015, the company employs eleven people and holds £205,822 in assets. It operates from a real address and is led by one director and two owners. The company is irregular importer of toys, games, and sports equipment (1 months imported) and irregular exporter of vehicles, parts, and accessories (not for trains or trams) (1 months exported).

The company’s website, SpeedShift Logistics, focuses on freight transport by road. It offers courier services in Skewen, Wales, and positions itself as a reliable logistics partner. While the site doesn’t explicitly mention e-commerce, the focus on efficient delivery and customer service suggests a business supporting online retailers.

Financially, Speedshift Logistics Ltd presents a mixed picture. Accrued liabilities deferred income dropped by 51%, while bank borrowings overdrafts remained steady. Cash bank on hand increased by a significant 73%, reaching £17,000, a positive sign. However, net assets decreased by 14%, and trade debtors decreased by 49%, suggesting potential issues with customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity warrants attention. No auditor is mentioned, likely due to the company’s small size and exemption from an audit. The company's average number of employees during the period decreased by 9.1%, which could be due to seasonal fluctuations or cost-cutting measures.

Registered in England/Wales under the registration number 09641263, with a registered address at SA1 3HA, Wales, Swansea, 5-6 De La Beche Street.

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