Freightforce Distribution Ltd
03498298
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 4 outstanding charges (-8)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 18/08/2016
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 58
Also on 6 other boards
director · Since 18/08/2016
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 53
Also on 7 other boards
Persons with Significant Control
Logistic Management Freight Services Ltd
1a Guardian Road Industrial Estate, Guardian Road, Norwich, NR5 8PF
Reg: 10133368 · Companies House · Limited Company
Notified 28/10/2019
Former PSCs
Logistic Management Services Ltd
Ceased 28/10/2019
Charges4 outstanding
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CompanyRankvs 4595+ SIC 49410 peers56
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/12/2023
Turnover
£13.0M
Annual revenue
Net Worth
£2.8M
Balance sheet strength
Cash
£62k
Cash in the bank
Profit Before Tax
£487k
Bottom line earnings
Net Current Assets
-£792k
Working capital
Current Assets
£2.8M
Current Liabilities
£3.6M
Fixed Assets
£6.4M
Debtors
£2.7M
Cost of Sales
£10.7M
Gross Profit
£2.4M
Admin Expenses
£1.7M
Operating Profit
£797k
Profit After Tax
£374k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 0.78 | -£196k |
| 2022 | 0.83 | +£810k |
| 2021 | 1.09 | +£607k |
| 2020 | 1.30 | +£169k |
| 2019 | 1.73 | +£65k |
| 2018 | 1.48 | — |
Derived from filed accounts. Not audited figures.