WORLD COURIER GROUND (EUROPE) LIMITED

1. WORLD COURIER GROUND (EUROPE) LIMITED 2010-10-21 → present
2. WORLD COURIER METRONET LIMITED 1990-07-03 → 2010-10-21

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“No material uncertainties that may cast significant doubt on the ability of the company to continue as a going concern have been identified by the directors.”

Significant events

• “Revenue increased by 16% during the year, mainly due to increased demand from the other offices in the network. This was as a result of increased ground shipment volumes across Europe compared to prior year.”
• “Gross margin decreased to 13% from 16% during the year. However, savings in overheads compared to prior year resulted in an overall increase in Operating Income of 39% compared to prior year.”
• “The company remains fully integrated into the Cencora, Inc. Group of Companies and the directors are confident that the company is in a position to enhance its global presence, customer services and innovation, further enabling it to increase its turnover and improve its profitability.”

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

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +16.3%

  £9,416,917 → £10,948,918

• Cash

  -82.4%

  £1,532,539 → £270,438

• Net assets

  +16%

  £1,888,852 → £2,191,987

• Employees

  -8.3%

  24 → 22

• Operating profit

  +38.9%

  £404,993 → £562,631

• Profit before tax

  +32%

  £449,463 → £593,219

• Wages

  -9.3%

  £1,482,806 → £1,345,445

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