Xgo Logistics Ltd

Xgo Logistics Ltd, based in Salisbury, UK, is a small, active company founded three years ago. With two employees and £419,897 in assets, it operates from a real address and is led by a single director and owner, who is also the solo founder. It holds a 3.0 Google rating based on seven reviews. The company is an irregular importer of plastics and plastic products, with just one month of import activity recorded in the last year.

The company's website highlights its focus on providing scalable transportation solutions. It offers a range of logistics services, including 3PL solutions, FTL, LTL, warehousing, and cross-docking. It also boasts a well-maintained fleet and cutting-edge technology, emphasizing a data-focused approach to operations. The site traces the company’s origins to a small family trucking company in 2016, now a team of 60 and growing, with a warehouse in Salisbury and a larger operation in Quebec, Canada.

Financially, Xgo Logistics Ltd shows a mixed picture. Cash reserves have dramatically increased, jumping 3,200% to £340,000, while current assets have also seen a significant rise, increasing 1,600% to £420,000. However, net assets have fallen by 470%, reaching just £21,000. Trade debtors have also increased substantially, by 620%, to £78,000. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the decline in equity is something to keep an eye on. With no auditor mentioned, the figures are unaudited.

The increase in bank borrowings, by 4,300%, to £49,000, and the increase in amounts owed to directors, by 4,300%, to £49,000, are concerning. It suggests the company may be burning through cash to fuel its growth, or it could be struggling to manage its finances. The increase in trade creditors, by 3,400%, to £390,000, also points to potential cash flow issues. While the company’s rapid growth is impressive, it’s important to monitor its financial health closely to ensure it remains sustainable.

Registered in England/Wales under the registration number 13790050, with a registered address at SP2 7UD, England, Salisbury, 1 Watt Road.

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