Twinwheel Logistics Limited

Twinwheel Logistics Ltd from Basildon UK: small company, active status, founded 8 years ago, 56 employees, £1,913,677 assets, virtual address, 2 directors, 2 owners, google rating 4.0 based on 105 reviews. Regular importer of various natural fibers from plants, paper yarn, and fabrics made from paper yarn (6 months imported). Regular exporter of vehicles, parts, and accessories (not for trains or trams) (8 months exported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Twinwheel Logistics operates as a freight forwarding and logistics provider, offering import, export, distribution, customs clearance, and warehousing services. Their website highlights a family-owned and operated business with over 75 years of industry experience, catering to both domestic and international transportation needs. Located conveniently near the M25 and Dartford Crossing, the company boasts excellent access to major ports, a direct train line to Europe, London, and multiple airports. They're clearly focused on providing responsive, dependable, and cost-effective solutions, particularly for businesses needing to move goods quickly and efficiently. Their website suggests a focus on B2B clients, offering services ranging from pallet distribution to high-value cargo handling. It's a clear indication of an ecommerce business.

Financially, Twinwheel Logistics Ltd presents a mixed picture. While cash reserves increased by a healthy 27% to £360,000, current assets dropped by 7.8% to £1.9 million. Bank borrowings have also increased, with overdrafts rising by 8% to £18,000. Perhaps more concerning is the decrease in debtors, down 16% to £1.5 million, which could signal slower payments from customers. On the positive side, creditors have also decreased by 21%, suggesting improved debt management. The company's equity has grown by 28% to £880,000, which is a good sign, but the decrease in debtors is something to keep an eye on. The fact that they’re a small company means they aren't required to have an audit, so these figures are unaudited.

Overall, Twinwheel Logistics appears to be a stable, if somewhat lean, operation. The increase in cash reserves is encouraging, but the decrease in debtors and increase in bank borrowings suggest they might be working harder to maintain their current level of activity. It's possible the company is investing in growth, but it's also possible that economic pressures are impacting their cash flow.

Registered in England/Wales under the registration number 10570583, with a registered address at SS14 3JJ, United Kingdom, Basildon, Essex, 4 Capricorn Centre, Cranes Farm Road.

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