World Freight Consultants Ltd

World Freight Consultants Ltd from Grays UK: a small company, holding company, with an active status, was founded 23 years ago. It employs eight people and holds £1,672,989 in assets. The company has four directors and one owner. It's an irregular importer of machinery, boilers, and mechanical appliances; parts (imported for one month), and a regular exporter of vehicles, parts, and accessories (not for trains or trams) (exported for twenty months).

The company operates in the sale of other motor vehicles industries. 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, and employees less than 50. The company is a holding company.

Recent financial data reveals a mixed picture. Cash reserves have fallen significantly by 76%, dropping to £110,000. Bank borrowings remain stable at £38,000. Trade debtors have increased substantially, rising by 76% to £1,200,000, suggesting a potential challenge in collecting payments. Creditors have also increased by 29%, reaching £800,000. Despite these pressures, finished goods and goods for resale have doubled to £340,000, indicating strong sales. Net assets have risen by 29% to £900,000. The company’s average number of employees has decreased slightly to seven.

The company’s financial statements are unaudited, and the auditor is not mentioned. The company’s legal form is a private limited company. The company has claimed exemption from presenting a cash flow statement and reporting key management personnel compensation. The company’s functional and presentational currency is GBP.

The company’s recent financial performance suggests it’s navigating a period of change. While sales appear strong, the decline in cash reserves and increase in debtors could be a cause for concern. It is likely that the company is investing in growth, but it will need to manage its working capital carefully to ensure its long-term sustainability.

Registered in England/Wales under the registration number 04328158, with a registered address at RM20 3LG, England, Grays, Admiral House, 853 London Road.

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