Xpress Services Limited

Xpress Services Limited is a small, active company based in London, UK, founded nine years ago in May 2015. With £336,047 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner, Patel Ramesh. The company employs just two people and operates in several industries, including retail sale via mail order, transportation support, packaging, and business support services. It's a regular importer, though the top import category is listed as "None," with 48 months of import activity recorded, the latest in November 2024.

The company’s website is unavailable, making it difficult to determine the exact nature of its online presence or e-commerce activities. However, its registration details indicate a focus on diverse support services, suggesting a B2B model rather than a direct-to-consumer operation.

Financially, Xpress Services Limited presents a mixed picture. Current assets increased by 45% to £340,000, a positive sign of improved liquidity. However, equity decreased by 24% to £100,000, indicating a potential drain on retained earnings. Bank borrowings fell by 36% to £19,000, suggesting better debt management. Trade debtors surged by 98%, which could be a result of increased sales or potentially delayed customer payments. Creditors also increased significantly, by 210%, which could be due to increased purchasing or potentially a need for short-term financing. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in equity warrants closer attention. As a small company, it’s likely exempt from an audit, and the figures rely on unaudited director-reported data.

The company’s financial trends suggest it is facing some financial pressures. The increase in debtors and creditors, alongside the decrease in equity, indicates a need to carefully manage cash flow and potentially explore options for strengthening its financial position. The company’s diverse range of services and regular import activities, however, suggest a resilient business model with potential for future growth.

Registered in England/Wales under the registration number 09593357, with a registered address at IG2 6HY, England, London, 364-368 Cranbrook Rd Gants Hill.

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