Star Cargo Worldwide Express Ltd

Star Cargo Worldwide Express Ltd, based in Hounslow, UK, is a small, active company established nine years ago. With three employees and £433,230 in assets, it operates from a real address and is overseen by one director and owner. The company regularly imports electrical machinery and equipment, having done so for twelve months, with the last import recorded in August 2024. It also exports machinery, boilers, and mechanical appliances, though this activity has only been ongoing for three months, with the latest export in October 2024. The company operates in the freight air transport industries.

While the company’s website is minimal, it suggests a focus on logistics and shipping services. There's no indication of e-commerce activity or direct sales to consumers. The business appears to function primarily as a freight forwarder, facilitating the movement of goods for other companies.

Financially, Star Cargo Worldwide Express Ltd presents a mixed picture. Cash bank on hand has plummeted by a staggering 90%, dropping to just £13,000, which is a big change. Trade debtors have also increased significantly, rising by 70% to £420,000, suggesting the company is waiting longer to get paid by its customers. On the positive side, current assets have grown by 16% to £430,000, and creditors have increased by 20% to £280,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the sharp decline in cash reserves warrants closer attention. The company is exempt from an audit, so the numbers are unaudited.

It’s likely that the increase in debtors is a result of expanding its customer base or offering more credit terms, which could be a good sign for future growth. However, the substantial decrease in cash reserves could indicate that the company is struggling to manage its working capital effectively, and it’s burning through money.

Registered in England/Wales under the registration number 09632089, with a registered address at TW3 4JU, England, Hounslow, 60 Harris Close.

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