Transpakship International Limited

Transpakship International Ltd, based in Sutton In Ashfield, UK, is a small holding company with an active status, having been founded 74 years ago. Employing nine people and holding £608,606 in assets, the company operates from a real address and is managed by two directors and two owners. It’s an irregular importer of coffee, tea, mate, and spices (with just one month of imports recorded), but a regular exporter of optical and medical tools and devices (spanning three months).

The company's website reveals a focus on removals and shipping services, catering to domestic, Caribbean, and worldwide clients. It offers a range of services, including domestic removals, Caribbean shipping, worldwide relocations, and commercial import/export solutions. Notably, it also highlights a division specializing in high-end piano restoration, operating from Cambridge and even boasting a showroom in Harrods. The site emphasizes customer care, with testimonials praising its reliability and attention to detail.

Financially, Transpakship International Ltd demonstrates a mixed picture. Current assets increased by 6.6% to £610,000, while net assets grew by 6.2% to £470,000. Cash reserves saw a healthy 18% increase to £350,000. However, trade debtors decreased by 8.9% to £48,000, and bank borrowings increased by 68% to £52,000. The company meets the criteria for a small business, with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it is exempt from an audit, and the figures are unaudited.

The increase in bank borrowings, alongside the decrease in trade debtors, suggests the company may be investing in its operations or extending credit terms to customers. The steady growth in assets and cash reserves, however, indicates a generally healthy financial position. It’s a bit strange that the company has a piano restoration business alongside its removals services, but it’s clear that Transpakship International Ltd is a well-established, albeit small, business with a diverse range of services.

Registered in England/Wales under the registration number 02518904, with a registered address at NG17 6AF, Sutton In Ashfield, Nottinghamshire, Export Drive, Fulwood Industrial Estate.

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