Supreme Freight Services Limited

Supreme Freight Services Ltd, based in Southampton, UK, is a large, active company founded 39 years ago. Employing 64 people, it boasts significant assets of £9,083,496 and generates an impressive £80,289,202 in yearly revenue. A family business with a perfect 5.0 Google rating from 54 reviews, it operates from a real address and is overseen by five directors and two owners. The company regularly imports clothing and accessories (excluding knitted or crocheted items), with recent activity in December 2024, and occasionally exports vehicles, parts, and accessories, with the last export in October 2022.

The company’s website is not available for review, so it's difficult to determine the extent of its e-commerce activities.

Financially, Supreme Freight Services Ltd presents a mixed picture. While turnover remained steady, net assets decreased by 10% to £2,500,000. Bank borrowings increased by 60%, reaching £910,000, while cash reserves declined by 40% to £1,200,000. Creditors decreased by 10%, suggesting improved debt management. The company meets the criteria to be considered large, with turnover exceeding £36 million and a balance sheet total above £18 million. The company’s auditor is Hopper Williams & Bell Limited.

The rise in bank borrowings, coupled with the decline in cash reserves, indicates that the company may be burning through money, possibly to fund expansion or cover operational costs. However, the decrease in creditors suggests that the company is managing its short-term liabilities effectively. The company’s large size and established presence in the freight industry should provide a buffer against short-term financial challenges, but close monitoring of cash flow will be crucial going forward.

Registered in England/Wales under the registration number 02006494, with a registered address at SO15 3EW, England, Southampton, Hampshire, Supreme House, 29-33 Shirley Road.

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