Far Logistics Ltd
04915916
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/12/2024
audit exemption subsidiary
Next accounts due
30/09/2026
Confirmation statement
Last: 27/08/2025
Due 10/09/2026
Industry
Officers
secretary · Since 30/09/2003
SALES DIRECTOR
BRITISH · ENGLAND · Age 55
Also on 21 other boards
director · Since 30/09/2003
SALES DIRECTOR
BRITISH · ENGLAND · Age 55
Also on 21 other boards
director · Since 11/02/2014
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 51
Also on 12 other boards
director · Since 11/02/2014
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 47
Also on 15 other boards
director · Since 05/01/2021
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 47
Also on 6 other boards
Persons with Significant Control
Cardinal Global Logistics Ltd
Cardinal Maritime Limited, Leestone Road, Manchester, M22 4RB
Reg: 03444899 · United Kingdom Companies House · Limited By Shares
Notified 06/04/2016
Former PSCs
Mr Brian Peter Hay
Ceased 06/04/2016
Charges2 outstanding
HSBC UK BANK PLC
HSBC BANK PLC
CompanyRankvs 404+ SIC 50200 peers54
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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 concern are d
Key FinancialsYear ending 31/12/2022
Turnover
£2.7M
Annual revenue
Net Worth
£6.3M
Balance sheet strength
Cash
£3.1M
Cash in the bank
Profit Before Tax
£7.0M
Bottom line earnings
Net Current Assets
-£8.7M
Working capital
Current Assets
£11.5M
Current Liabilities
£20.3M
Fixed Assets
£15.0M
Debtors
£8.5M
Cost of Sales
£1.5M
Gross Profit
£1.1M
Admin Expenses
£561k
Operating Profit
£651k
Profit After Tax
£6.9M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2022 | 0.57 | -£19k |
| 2021 | 0.82 | — |
Derived from filed accounts. Not audited figures.