Worldwide Parcel Services Limited

Worldwide Parcel Services Ltd, based in Kent, UK, is a small, active company established nineteen years ago in 2005. With just four employees and £16,925 in assets, it operates from a virtual address, a bit of a red flag, and is managed by three directors and a single owner. It has a modest 3.0-star Google rating based on 43 reviews. The company is irregular importer of machinery, boilers, and mechanical appliances, with just one month of import activity recorded, but a regular exporter of printed materials – books, newspapers, and pictures – with twenty-one months of export activity.

The company’s website reveals it’s a parcel delivery service, facilitating shipping both domestically and internationally. It offers a range of services, including euro destinations, worldwide destinations, document delivery, and large parcel shipping. The site actively promotes itself as a comparison tool for major couriers like DHL, UPS, and DPD, allowing customers to find the best prices. It even offers a shopping cart integration and CSV upload for businesses, showing a focus on streamlining the shipping process. They encourage customers to register and login to take advantage of saved baskets and frequent addresses.

Financially, Worldwide Parcel Services Ltd is facing some challenges. Current assets have plummeted 66% to £17,000, and net assets are down 46% to -£120,000. Bank borrowings have surged 190% to £26,000, and cash reserves have evaporated 97% to just £700. While creditors have decreased, the sharp decline in assets and cash, along with the increase in borrowings, suggests the company is burning through money. The company meets two of the three criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, so the financial statements are unaudited.

Overall, Worldwide Parcel Services Ltd is a small business navigating a competitive market. While its website shows a focus on customer convenience and comparison shopping, the financial data suggests it’s struggling to maintain a healthy financial position. It’s unclear if the company can turn things around, but its focus on streamlining the shipping process and partnering with major couriers could provide a foundation for future success.

Registered in England/Wales under the registration number 05635775, with a registered address at ME19 6JU, Kent, 19-21 Swan Street, West Malling.

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