NIPPON EXPRESS (U.K.) 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

Consolidated group

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis as the Directors believe that the Group has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of the financial statements.”

Group structure

1. NIPPON EXPRESS (U.K.) LIMITED · parent
   1. Nippon Express (Ireland) Limited 100% · Republic of Ireland · Freight forwarder

Significant events

• “The main reason for the overall result reporting a loss for 2024 was around the reorganisation of our UK branch structure. We transferred to a new operational site in Heathrow, along with a new head office. This reorganisation created significant costs to move, along with restructuring costs that we had to absorb in the current year.”
• “Additionally, cash remains positive. The decrease compared to 2023 will be based around the reorganisation of our UK branch structure, that incurred exceptional costs surrounding the move and restructuring.”
• “Global economic challenges, the events in Ukraine, Israel and Gaza, that in themselves have contributed to the cost of living issue.”
• “The increasing frequency and severity of extreme weather events due to climate change pose significant challenges for the freight forwarding industry. These challenges include operational disruptions such as storms, floods, and other weather-related incidents can damage infrastructure, delay shipments, and disrupt supply chains.”

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

Filings

4

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

  -4.9%

  £85,760,209 → £81,518,382

• Cash

  -52.3%

  £12,045,398 → £5,750,300

• Net assets

  -14.5%

  £23,494,993 → £20,076,962

• Employees

  -2.3%

  263 → 257

• Operating profit

  -2,496.8%

  £231,064 → -£5,538,096

  lowest in 4 filed years

• Profit before tax

  -1,625.3%

  £354,584 → -£5,408,365

  lowest in 4 filed years

• Wages

  +3.2%

  £12,230,559 → £12,626,179

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