Tradeway Import & Export Limited

Tradeway Import & Export Ltd from Manchester UK: a small, active company founded sixteen years ago, is facing some financial headwinds. Despite its e-commerce site and regular import of toys, games, and sports equipment (spanning fifteen months, with the last operation in February 2019), the business has accounts and confirmation statements overdue for a year. With just two employees and £1,688,954 in assets, the company operates from a virtual address – registered at a location shared by 175 other companies – and is managed by four directors and one owner.

The company’s website highlights its container shipping, freight forwarding, and customs clearance services, catering to businesses seeking to import and export goods globally. It emphasizes high-quality delivery and professional cargo handling, with a particular focus on no minimum order quantities, appealing to customers seeking flexibility. The site also features a section dedicated to piano restoration, a surprising addition to the core import/export business.

However, a deeper look at the financials reveals some concerning trends. While turnover remains steady, net assets have decreased significantly, and bank borrowings have increased substantially. Creditors have also risen, suggesting a reliance on short-term financing. Although the company meets the criteria for a small business, the increase in debt and decrease in equity raise questions about its long-term financial health. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited financial statements. It’s clear that Tradeway Import & Export Ltd is navigating a challenging period, and its ability to sustain growth will depend on its ability to manage its finances effectively.

Registered in England/Wales under the registration number 06772359, with a registered address at M2 3HZ, England, Manchester, International House, 61 Mosley Street.

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