UK Companies House feature
EXEL OVERSEAS LIMITED
Profile
- Company number
- 02629392
- Status
- Active
- Incorporation
- 1991-07-15
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 49410
Accounts
Pending extraction
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have carried out a going concern assessment. Forecasts through to year ending 2026 are prepared for the UK group of companies in which the company is included. These forecasts support the assessment that the UK group of companies will continue to be able to meet their obligations as they fall due throughout the period of at least twelve months from the date of approval of these financial statements. The company also participates in the DHL Group's centralised treasury arrangements and so shares banking arrangements with its parent and other group undertakings. The company can draw on these arrangements for funds should the need to access a short-term working capital facility arise. As the principal activity of the company is to hold investments in other Deutsche Post AG group companies the company has limited committed cash outflow over the next twelve months. Any further investments in subsidiaries would be expected to be funded through a loan via the UK parent company or the existing facility arrangements provided by DHL Group's treasury function. Consequently, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least twelve months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Subsidiaries
- DHL Exel Slovakia s.r.o. · 100% held · Slovakia · Logistics
- DHL Metropolitan Logistics SC Mexico S.A. de C.V. · 99.96% held · Mexico · Logistics
- DHL Supply Chain (South Africa) (Pty) Limited · 100% held · South Africa · Logistics
- DHL Supply Chain Kenya Limited · 100% held · Kenya · Logistics
- DHL Supply Chain Limited One Partner · 100% held · Saudi Arabia · Logistics
- Tibbett & Britten Group Canada Inc · 100% held · Canada · Logistics
- Tibbett & Britten Egypt Limited · 50% held · Egypt · Dormant
- DHL Distribution (Thailand) Limited · 27.02% held · Thailand · Logistics
- DHL Global Forwarding (Kenya) Limited · 0.00002% held · Kenya · Logistics
- DHL Global Forwarding (Uganda) Limited · 0.00002% held · Uganda · Logistics
- DHL Logistics Tanzania Limited · 0.00009% held · United Republic of Tanzania · Logistics
- DHL Supply Chain (Argentina) S.A. · 18.39% held · Argentina · Logistics
- DHL Supply Chain (Ireland) Limited · 0.0002% held · Ireland · Logistics
- Exel Contract Logistics (Nigeria) Limited · 0.11% held · Nigeria · Logistics
- Hull Blyth (Angola) Limited · 0.073% held · Angola · Providing manpower & ancillary services to the oil industry in Angola
- Suppla S.A. · 5% held · Colombia · Logistics
- Tafinor S.A. · 50% held · Uruguay · Logistics
- Circuit Logistics Inc · 100% held · Canada
- Connect Logistics Services Inc · 100% held · Canada
- DHL Logistics Kenya Limited · 99% held · Kenya
- DHL Supply Chain (Argentina) S.A. · 81.61% held · Argentina
- Drakensberg Logistics (Pty) Limited · 50% held · South Africa
- EV Logistics · 50% held · British Columbia
- Harmony Logistics Canada Inc · 100% held · Canada
- Matrix Logistics Services Limited · 100% held · Canada
- Relay Logistics Inc · 100% held · Canada
- Saturn Integrated Logistics Inc · 100% held · Canada
- TCL Supply Chain (Canada) Inc · 100% held · Canada
- Tracker Logistics Inc · 100% held · Canada
- Trillium Supply Chain Inc · 100% held · Canada
- Zenith Logistics Inc · 100% held · Canada
Significant events
- “During the year the company disposed of its investment in Bahwan Exel LLC. No proceeds were received on the disposal of the investment and therefore a loss of £172,803 has been recognised on the disposal.”
- “During the year the company increased its impairment provision against its investment in DHL Supply Chain (South Africa) (Pty) Limited by £1,000,000 as a result of the financial position of the investment company at 31 December 2024.”
- “During the year the company wrote back £1,128,000, £3,797,174 and £1,143,106 of the previously recognised provisions for impairments it holds against the carrying values of the investments in DHL Exel Slovakia s.r.o., Tibbett & Britten Group Canada Inc and DHL Supply Chain Kenya Limited respectively, due to the improved financial position of these subsidiary companies.”
- “During the year the company wrote back £3,710,168 of the previously recognised provision for impairment it holds against the carrying value of the investment interest in DHL Supply Chain (Argentina) S.A. due to the improved financial position of this company.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
3 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STAGG, Ian | Director | 2025-11-07 | Feb 1970 | British |
| TAYLOR, Rebecca Louise Hazel | Director | 2021-06-01 | Nov 1974 | British |
| TRIMM, Michael James | Director | 2016-11-25 | Dec 1968 | British |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARROWSMITH, Michael Richard | Secretary | 1999-06-30 | 2000-04-10 |
| AUSTIN, Keith James | Secretary | 2002-09-20 | 2003-02-26 |
| AUSTIN, Keith James | Secretary | 2000-04-10 | 2001-02-09 |
| FROOMBERG, Claire Rosemary | Secretary | 1991-07-15 | 1995-12-29 |
| LI, Jane | Secretary | 2015-11-04 | 2018-12-31 |
| MILLS, John Michael | Secretary | 2001-02-09 | 2002-09-20 |
| SMITH, Nicholas Leigh | Secretary | 2003-02-26 | 2004-10-21 |
| STALBOW, Michael Robert | Secretary | 1995-12-29 | 1999-06-30 |
| EXEL SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2004-10-21 | 2015-11-04 |
| ARROWSMITH, Michael Richard | Director | 1999-06-01 | 2002-05-31 |
| BUMSTEAD, Jonathan Culver | Director | 2007-07-26 | 2009-08-31 |
| BUTT, Kenneth Thomas John | Director | 1999-06-09 | 2001-05-04 |
| CASS, David Michael | Director | 1991-07-15 | 1997-01-08 |
| CHATFIELD, Carl Anthony | Director | 2004-10-07 | 2006-06-30 |
| FINK, Steven | Director | 2011-01-05 | 2025-11-07 |
| FROOMBERG, Claire Rosemary | Director | 1991-07-15 | 1995-12-29 |
| GILL, James Edward | Director | 2017-04-01 | 2018-06-13 |
| HARVEY, John Anthony | Director | 1991-07-15 | 2004-08-02 |
| KENT, Raymond Thomas | Director | 1991-07-15 | 1992-06-17 |
| KUHL, Thorsten | Director | 2018-06-13 | 2021-07-30 |
| LI, Jane | Director | 2015-10-29 | 2018-11-26 |
| MELLOR, Kevin Donald | Director | 1993-01-01 | 1997-02-28 |
| MUSGRAVE, David | Director | 1999-06-09 | 2004-08-18 |
| SMITH, Keith Roy | Director | 2014-08-15 | 2017-03-31 |
| STALBOW, Michael Robert | Director | 1991-07-15 | 1999-06-30 |
| TAYLOR, Paul Martin | Director | 2009-08-28 | 2014-08-15 |
| TUXEN, Henrik | Director | 1996-06-20 | 1997-02-28 |
| WATERS, Christopher Stephen | Director | 2009-08-28 | 2011-01-05 |
| WHITELING, Mark Argent | Director | 2002-05-30 | 2004-08-02 |
| WOOLLISCROFT, Dermot Francis | Director | 2011-01-05 | 2016-11-25 |
| EXEL NOMINEE NO 2 LIMITED | Corporate Director | 2004-10-07 | 2011-09-01 |
| EXEL SECRETARIAL SERVICES LIMITED | Corporate Director | 2005-02-20 | 2015-10-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dhl Supply Chain International Holdings B.V. | Corporate entity | Shares 75–100% | 2024-11-21 | Active |
| Mr James Edward Gill | Individual | Significant influence | 2017-04-01 | Ceased 2018-06-13 |
| Mr Michael James Trimm | Individual | Significant influence | 2016-11-25 | Ceased 2024-11-21 |
| Exel Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2024-11-21 |
| Mr Steven Fink | Individual | Significant influence | 2016-04-06 | Ceased 2023-07-19 |
| Mrs Jane Li | Individual | Significant influence | 2016-04-06 | Ceased 2018-11-26 |
Filing timeline
Last 20 of 214 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-11-10 | TM01 | officers | termination director company with name termination date |
| 2025-11-10 | AP01 | officers | appoint person director company with name date |
| 2025-10-02 | AA | accounts | accounts with accounts type full |
| 2025-06-02 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-11-29 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2024-11-29 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2024-11-29 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2024-08-24 | AA | accounts | accounts with accounts type full |
| 2024-06-07 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-07-31 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2023-07-08 | AA | accounts | accounts with accounts type full |
| 2023-06-06 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-08-03 | AA | accounts | accounts with accounts type full |
| 2022-06-06 | CS01 | confirmation-statement | confirmation statement with updates |
| 2021-10-01 | AD01 | address | change registered office address company with date old address new address |
| 2021-08-02 | TM01 | officers | termination director company with name termination date |
| 2021-07-30 | AA | accounts | accounts with accounts type audit exemption subsiduary |
| 2021-07-30 | PARENT_ACC | accounts | legacy |
| 2021-07-24 | AGREEMENT2 | other | legacy |
| 2021-07-24 | GUARANTEE2 | other | legacy |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory