OVERSEAS COURIER SERVICE (LONDON) LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. The directors, after reviewing the company's financial performance and position, have prepared forecasts based on historic trends and assumptions about future sales, cost levels and the timing of cash flows. The forecasts show that the directors expect the company to have sufficient cash resources to realise its assets and discharge its liabilities in the normal course of business for the foreseeable future. If the actual results are lower than expected, the directors have identified non-essential expenditure that can be reduced accordingly to conserve cash. Based on these forecasts, the directors have a reasonable expectation that the company will have adequate resources to continue operating for the foreseeable future. Thus, they continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. OVERSEAS COURIER SERVICE (LONDON) LIMITED · parent
   1. General Express Limited 100% · United Kingdom · Dormant

Significant events

• “2024 saw good growth in the number of parcels shipped but a more competitive market and significant cost increases in some areas has ensured that margins were impacted and the overall profit was below the level in 2023. The directors are very satisfied with the performance in 2024 and, after initial disruption from USA tariff volatility believe that 2025 will continue in a similar way.”
• “Inflation has returned to more normal levels and so interest rates are reducing. Significant uncertainty remains with continuing hostilities in Ukraine and the Middle East. These have already affected demand and the biggest uncertainty now is the volatile tariffs being imposed into the USA. The Directors believe that this will be settle as trade deals are agreed in the next few months.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +10.8%

  £31,926,265 → £35,368,100

• Cash

  -15.4%

  £5,194,534 → £4,395,099

• Net assets

  -21.3%

  £9,968,461 → £7,843,135

• Employees

  +2.8%

  72 → 74

• Operating profit

  -25.4%

  £3,215,042 → £2,397,557

• Profit before tax

  -23.6%

  £3,276,909 → £2,503,593

• Wages

  +17.1%

  £3,965,947 → £4,645,719

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers