DHL INTERNATIONAL (UK) LIMITED

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. DHL INTERNATIONAL (UK) LIMITED 1987-06-01 → present
2. D.H.L. INTERNATIONAL (U.K.) LIMITED 1974-09-24 → 1987-06-01

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 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“On the basis of their assessment of the company's financial position and resources, the directors believe that the company is well placed to manage its business risks. The company remains profitable, has no borrowings and has £2.6m cash balance in addition to the £140.4m cash pooling balance. Therefore, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements. Additionally, the company receives support from its German ultimate parent company, Deutsche Post AG. The directors have received a letter of continued support from Deutsche Post AG, for at least 12 months from the data of approval of the financial statements, to enable the company to continue to trade and meet its liabilities as they fall due. Therefore, the directors consider there to be no material uncertainties that may cast doubt on the company's going concern status.”

Significant events

• “Revenue decreased by 10.2% due to a shift in B2C fashion to deferred delivery services rather than express, as well as changes in post-Brexit trading conditions, resulting in many established businesses relocating their distribution centres.”
• “The ongoing cost-of-living crisis continues to have an impact on consumers and businesses in the UK. While inflation rates have started to decrease, high interest rates still affect consumer confidence. As a global network business, we manage our resources to meet network demand, rather than UK customer demand in isolation.”
• “Pillar Two legislation has been enacted in the UK and is effective from 1 January 2024. The company is within the scope of this legislation, however, no additional tax liability is currently expected to arise.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -10.2%

  £1,499,939,000 → £1,347,034,000

• Cash

  +11%

  £2,384,000 → £2,647,000

• Net assets

  +22.9%

  £111,283,000 → £136,822,000

• Employees

  -3.2%

  4,612 → 4,464

• Operating profit

  +11.1%

  £52,532,000 → £58,352,000

• Profit before tax

  +5.2%

  £52,774,000 → £55,498,000

• Wages

  +1.2%

  £204,213,000 → £206,590,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers