Thunderbird Freight Limited

Thunderbird Freight Limited, based in Essex, UK, is a small holding company with an active status, having been established 34 years ago in 1991. The company employs seven people and holds assets valued at £984,449. Operating from a virtual address—with thirty other companies registered at the same location—it’s managed by two directors and one owner. Thunderbird Freight regularly imports optical and medical tools and devices (four months of import activity, last in December 2024) and exports electrical machinery and equipment (also four months, last in July 1994).

The company’s website, while not providing detailed e-commerce specifics, suggests a focus on freight forwarding services. It’s not clear if Thunderbird Freight has an online store, but it positions itself as a provider of logistics solutions.

A review of the company’s financial data reveals a concerning trend. While the company’s turnover remains undisclosed, its net assets have dramatically decreased by 77%, plummeting to just £410,000. Cash reserves have also suffered a significant drop, falling 77% to £420,000. Trade debtors have risen by 19%, suggesting a potential issue with collecting payments, and creditors have remained steady. Despite these challenges, the company's small size—meeting two of three criteria for a small company—allows for agility. The lack of an auditor mentioned likely reflects its exemption as a small company, meaning the financial statements are unaudited.

The company’s financial health appears to be under pressure. The decline in equity, combined with the increase in trade debtors, suggests that Thunderbird Freight is burning through cash. However, the steady creditors indicate that the company is managing its short-term liabilities reasonably well. It's possible that the company is investing in growth, but the lack of information makes it difficult to assess the situation fully.

Registered in England/Wales under the registration number 02575663, with a registered address at RM17 5RY, Essex, 21 Lodge Lane, Grays.

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