EXEL OVERSEAS LIMITED

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. EXEL OVERSEAS LIMITED 2004-12-22 → present
2. TIBBETT & BRITTEN OVERSEAS LIMITED 1994-12-23 → 2004-12-22
3. TIBBETT & BRITTEN EUROPE LIMITED 1993-08-03 → 1994-12-23
4. GROUPECO (UK) LIMITED 1991-07-15 → 1993-08-03

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

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.”

Group structure

1. EXEL OVERSEAS LIMITED · parent
   1. DHL Exel Slovakia s.r.o. 100% · Slovakia · Logistics
   2. DHL Metropolitan Logistics SC Mexico S.A. de C.V. 99.96% · Mexico · Logistics
   3. DHL Supply Chain (South Africa) (Pty) Limited 100% · South Africa · Logistics
   4. DHL Supply Chain Kenya Limited 100% · Kenya · Logistics
   5. DHL Supply Chain Limited One Partner 100% · Saudi Arabia · Logistics
   6. Tibbett & Britten Group Canada Inc 100% · Canada · Logistics
   7. Tibbett & Britten Egypt Limited 50% · Egypt · Dormant
   8. DHL Distribution (Thailand) Limited 27.02% · Thailand · Logistics
   9. DHL Global Forwarding (Kenya) Limited 0.00002% · Kenya · Logistics
   10. DHL Global Forwarding (Uganda) Limited 0.00002% · Uganda · Logistics
   11. DHL Logistics Tanzania Limited 0.00009% · United Republic of Tanzania · Logistics
   12. DHL Supply Chain (Argentina) S.A. 18.39% · Argentina · Logistics
   13. DHL Supply Chain (Ireland) Limited 0.0002% · Ireland · Logistics
   14. Exel Contract Logistics (Nigeria) Limited 0.11% · Nigeria · Logistics
   15. Hull Blyth (Angola) Limited 0.073% · Angola · Providing manpower & ancillary services to the oil industry in Angola
   16. Suppla S.A. 5% · Colombia · Logistics
   17. Tafinor S.A. 50% · Uruguay · Logistics
   18. Circuit Logistics Inc 100% · Canada
   19. Connect Logistics Services Inc 100% · Canada
   20. DHL Logistics Kenya Limited 99% · Kenya
   21. DHL Supply Chain (Argentina) S.A. 81.61% · Argentina
   22. Drakensberg Logistics (Pty) Limited 50% · South Africa
   23. EV Logistics 50% · British Columbia
   24. Harmony Logistics Canada Inc 100% · Canada
   25. Matrix Logistics Services Limited 100% · Canada
   26. Relay Logistics Inc 100% · Canada
   27. Saturn Integrated Logistics Inc 100% · Canada
   28. TCL Supply Chain (Canada) Inc 100% · Canada
   29. Tracker Logistics Inc 100% · Canada
   30. Trillium Supply Chain Inc 100% · Canada
   31. Zenith Logistics Inc 100% · 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 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

1

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  +30%

  £142,141,010 → £184,780,946

• Employees

  —

  Not reported

• Operating profit

  +5.8%

  £36,228,841 → £38,328,556

• Profit before tax

  +11.3%

  £38,946,469 → £43,352,745

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