Velta International Ltd

Velta International Ltd, based in Southend-On-Sea, UK, is a sizable holding company with an active status, having been incorporated 25 years ago in November 1999. Employing 41 people, the company holds assets totaling £4,122,918, but operates from a virtual address where 178 other companies are also registered. Six directors and one owner guide the business, which currently enjoys a Google rating of 4.0 based on 12 reviews. The company regularly imports furniture, lighting, and prefabricated buildings (4 months), and irregularly exports electrical machinery and equipment (2 months).

Velta International Ltd describes itself as a global logistics and international freight forwarding company with locations in Essex, Manchester, and London Heathrow. Their website highlights a broad range of services, including international freight forwarding, warehousing, logistics, distribution, fulfilment, and e-commerce solutions. They cater to various industries, including fashion, music, toy, and pet, and even offer specialized services like cold chain logistics. The company’s website also mentions a focus on providing value beyond simple shipment movement.

Financially, Velta International Ltd shows some concerning trends. While revenue remains strong at £11 million, net assets have declined significantly by 73% to £1 million. Cash reserves have fallen by 50% to £680,000. Bank borrowings have completely vanished, which could be a positive sign, but trade debtors have increased by 40% to £2.8 million, indicating potential difficulties in collecting payments. Creditors have also decreased by 22%, suggesting improved debt management. The company’s assets dropped by 25%, and staff costs increased by 2%. The company is not audited.

Overall, Velta International Ltd appears to be navigating a period of financial pressure despite its established presence and broad service offerings. The decrease in net assets and increase in trade debtors warrant close monitoring, but the company’s diverse service portfolio and strategic locations may help it weather these challenges.

Registered in England/Wales under the registration number 03873306, with a registered address at SS1 1AB, United Kingdom, Southend-On-Sea, Essex, 1st Floor 19 Clifftown Road.

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