Straight Forwarding Ltd

Straight Forwarding Ltd from Colchester UK is a small, active company founded 16 years ago. With two employees and £95,600 in assets, it’s a family business run by two directors and owners, Magee Serena and Magee Aidan Patrick. The company operates in the freight transport by road industries and regularly imports iron or steel products—seven months of import activity were recorded, the last in September 2024.

The company's website highlights its services: domestic and global air freight, North American ground service, and international ocean freight. It also offers container tracking, cargo insurance, and warehousing services. The site emphasizes a "comprehensive suite of services" and positions Straight Forwarding as a "Canadian Freight Forwarder with Extensive International Services." It’s clear they’ve been around for a while, since 1995, and even have a location in Montreal, Quebec. The site’s design is professional, and they offer online tracking and a quote request form, suggesting a focus on customer convenience.

Financially, Straight Forwarding Ltd’s numbers show a concerning trend. Current assets have dropped significantly by 40% to £96,000, and net assets have plummeted by an even larger 96% to just £3,500. Bank cash has also decreased by 13%, and the company is now operating with a net current liabilities of -£2,000. Trade debtors have fallen by 62%, which is good, but creditors have increased by 7.6%. The company's small size—meeting two of three conditions for a small company—helps with agility, but the dramatic decline in equity is a red flag. With no auditor mentioned, the figures are unaudited.

In short, Straight Forwarding Ltd appears to be struggling financially. While its website projects a professional image and a focus on customer service, the numbers suggest the company is burning through money. The lack of employees (only two reported) and the significant drop in equity raise questions about its long-term viability.

Registered in England/Wales under the registration number 06836464, with a registered address at CO4 9EB, England, Colchester, 107 Eastwood Drive, Highwoods.

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