Utl Shipping Ltd

UTL Shipping Ltd, based in Liverpool, UK, is a small, active company founded four years ago. With nineteen employees and £1,737,720 in assets, it operates from a real address within the Triumph Business Park. The company, owned by Zhao Gang and Ye Yan, is managed by Zhao Gang and holds a respectable 5.0 Google rating based on one review. It’s an irregular importer, primarily dealing in paper and paperboard products, with recent activity recorded in August 2024.

The company’s website paints a picture of a full-service logistics provider. UTL Shipping positions itself as an ideal partner for businesses needing freight forwarding, warehousing, and customs compliance. It boasts a large warehouse space (around 100,000 square feet) and serves markets across the EU, UK, and Far East. The website highlights its proximity to major ports and airports, emphasizing its ability to manage both domestic and overseas stock.

Financially, UTL Shipping Ltd presents a mixed bag. While cash reserves increased by a healthy 37% to £380,000, net assets only grew by 23% to £470,000. Trade debtors remained stable at £1.4 million, but creditors dipped by 12% to £570,000, suggesting better debt management. Interestingly, bank borrowings increased, and accrued liabilities rose significantly. The company meets the criteria for a small business, with turnover under £10.2 million and fewer than fifty employees. There's no mention of an auditor, which is likely due to its small size and exemption from an audit.

Overall, UTL Shipping Ltd seems to be navigating a period of growth, but the increase in liabilities suggests it might be burning through cash to fuel that expansion. The company's focus on logistics and its strategic location position it well for future success, but careful financial management will be key.

Registered in England/Wales under the registration number 13089738, with a registered address at L24 9GQ, United Kingdom, Liverpool, Unit 19 Triumph Way, Triumph Business Park.

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