Strongways Ltd

Strongways Ltd, based in London, UK, is a small, active company founded nine years ago. With two employees and £318,249 in assets, it’s a family business led by two directors and owners. The company operates in the retail sale via mail order houses or via internet, and provides other transportation support activities. It’s a regular importer of furniture, lighting, and prefabricated buildings (10 months of imports, last in December 2021) and an irregular exporter of miscellaneous metal items (2 months, last in February 2021).

The company’s website, Strongways, focuses on international shipping services, aiming to simplify logistics for businesses worldwide. It offers airfreight, ocean freight, FBA (Fulfilment by Amazon) support, and logistics planning, catering to clients in Europe, the USA, and China. The site emphasizes cost-effective solutions, 24/7 support, and streamlined processes for shipping to Amazon warehouses. It even offers product inspection and short-term storage options.

Financially, Strongways Ltd’s recent performance presents a mixed picture. Cash bank on hand has decreased by 41% to £61,000, while bank borrowings have fallen by 44% to £12,000. Creditors have increased significantly by 48% to £180,000, and trade debtors have risen by 14% to £200,000. Net assets have declined by 22% to £77,000. The company's small size (meeting two of three conditions for a small company) helps it stay nimble, but the decrease in equity could indicate challenges. There's no auditor mentioned, likely due to the company’s small size and exemption from an audit.

While Strongways Ltd seems to be actively providing shipping services, the financial data suggests it’s burning through cash. The increase in creditors could be a short-term strategy to manage cash flow, but it’s something to keep an eye on.

Registered in England/Wales under the registration number 09630148, with a registered address at SE10 0ER, United Kingdom, London, 6 Mitre Passage.

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