Verran Freight Limited

Verran Freight Limited, based in Abingdon, UK, is a small, holding company with an active status. Founded 52 years ago in 1973, it employs 28 people and maintains a real registered address. The company is managed by three directors and owned by Oxford Freight Group Ltd, with the ownership list changing nine years ago. Irregularly, it imports toys, games, and sports equipment (two months of imports, last in August 2024) and exports miscellaneous food products (one month of exports, last in March 2021).

The company operates in the freight transport by road industries, offering road haulage and storage solutions. Its website, while not providing detailed operational specifics, highlights a focus on providing road haulage and storage solutions. It's clear they are not operating an e-commerce site.

Financially, Verran Freight Limited presents a mixed picture. Cash bank on hand decreased by 4.1% to £730,000, while creditors fell by 24% to £460,000. Debtors also decreased, dropping 6.3% to £930,000. Equity remained steady at £49, and net assets liabilities are at £1,300,000. Property, plant, and equipment decreased by 26%, to £86,000. The company’s small size—meeting two of three conditions for a small company (turnover under £10.2 million, assets under £5.1 million, fewer than 50 employees)—allows for agility, but the decrease in property, plant, and equipment is noticeable. The accounts are audit exempt with an accountants report, and the company’s financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The company’s relationship with Oxford Freight Group Ltd is important to note: OFGL charged £361,000 for management services, and VFL was owed £254,279 by OFGL at the balance sheet date. It seems like they're doing alright, but it's a little concerning that the bank balance is decreasing.

Registered in England/Wales under the registration number 01095437, with a registered address at OX13 6DJ, England, Abingdon, Oxfordshire, Steventon Storage Facility Hanney Road, Steventon.

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