UNSWORTH (U.K.) LIMITED

• ◆

  3 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. UNSWORTH (U.K.) LIMITED 1987-06-22 → present
2. UNSWORTH FORWARDING (U.K.) LIMITED 1974-04-16 → 1987-06-22

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

Consolidated group

Auditor

Lovewell Blake LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent 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.”

Group structure

1. UNSWORTH (U.K.) LIMITED · parent
   1. Unsworth (LGP) Ltd 100% · England and Wales · multimodal freight management
   2. Unsworth (LIV) Ltd 100% · England and Wales · multimodal freight management
   3. Unsworth (Ireland) Ltd 60% · Ireland · multimodal freight management
   4. Unsworth Hong Kong Ltd 100% · Hong Kong · not currently trading

Significant events

• “The group has seen continued growth in turnover, gross profits and traffic volumes despite a very lacklustre performance of the wider economy and very competitive market conditions.”
• “The group has continued to expand its market share through the development of new services. This continued expansion of product lines and new trading divisions has incurred initial start-up and related costs to enhance future returns.”
• “Its ongoing investment in technology has enabled the group to refine its supply chain management solutions thereby ensuring that the business retains its position at the forefront of our industry and best placed to provide relevant added value solutions, benefitting both clients and the group.”
• “There has been significant investment in the recruitment and development of team members to position us for future growth, which is reflected in the administrative expenses, the benefits of which will be further realised in the upcoming years.”
• “Despite the risks with the ongoing geopolitical uncertainty with prolonged war in Ukraine and more recently the Middle East conflict, we are well positioned to support our customers through these challenges.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  +9.3%

  £45,752,688 → £50,021,674

• Cash

  -2.7%

  £4,206,316 → £4,092,724

• Net assets

  -20.3%

  £2,563,326 → £2,042,368

• Employees

  0%

  80 → 80

• Operating profit

  +18.9%

  £465,254 → £553,068

• Profit before tax

  +0.6%

  £672,106 → £676,240

• Wages

  +10.9%

  £3,850,228 → £4,270,078

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