Transol Logistics Ltd

Transol Logistics Ltd, based in Coventry, UK, is a sizable freight transport company with a solid 12-year history. The company, holding the status of active, employs 15 people and manages assets totaling £4.4 million, generating a yearly revenue of £15.9 million. Despite its size, Transol operates from a virtual address, where 840 companies are registered, raising some questions about its physical location. The business is a holding company, overseen by two directors and one owner. Google reviews are positive, with a 4.0 rating based on 53 reviews. Transol specializes in irregular imports of aluminum and aluminum products, with the last import operation occurring one month ago.

The company’s website showcases its services as a UK and European freight specialist, offering same-day courier services, pallet distribution, and international freight management. It positions itself as a provider of logistics solutions for a wide range of industries, boasting a network of vehicles and the ability to transport goods by road, sea, and air. The site highlights a focus on rapid collection times, efficient deliveries, and transparent tracking.

Financially, Transol Logistics Ltd shows a mixed picture. While current assets increased by 16% to £4.4 million, net assets increased by 44% to £1.7 million. However, bank borrowings surged by 5.8% to £2.1 million, and cash reserves fell 75% to £330,000. Creditors decreased by 11% to £3.5 million, suggesting improved debt management. Turnover remained steady at £16 million. The company meets two of three criteria to be considered a large company, having a turnover of over £36 million and balance sheet total over £18 million. The lack of an auditor mentioned suggests the company is exempt from a full audit.

Overall, Transol Logistics Ltd appears to be a well-established player in the freight transport sector, but the significant decrease in cash reserves warrants further investigation. The company’s virtual address and holding company structure add another layer of complexity to its operations.

Registered in England/Wales under the registration number 08096066, with a registered address at CV5 6UB, United Kingdom, Coventry, West Midlands, 1110 Elliott Court Coventry Business Park, Herald Avenue.

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