KINAXIA LOGISTICS & FULFILMENT LTD

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. KINAXIA LOGISTICS & FULFILMENT LTD 2022-12-06 → present
2. AKW GLOBAL WAREHOUSING LTD 2016-11-11 → 2022-12-06
3. WORLD FREIGHT CENTRE LIMITED 1993-02-23 → 2016-11-11

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

Hurst Accountants Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. The following paragraphs set out the basis of which the directors have reached their conclusion. The company has net current liabilities of £1,473,254 (2023: net current assets of £1,781,042) at 31 December 2024 and incurred a loss before tax of £7,128,362 (2023: loss £866,320) for the year ended 31 December 2024. The profit and losses in year ending 31 December 2024 were materially impacted by exceptional items totalling £2,898,413 (2023: £nil) which has significantly reduced the Company's cost base moving forward. On 21 December 2024, the Group successfully completed a restructuring, resulting in the shareholder obtaining 90% of the Group's equity and revised terms on the Company's outstanding £39m term loan. This refinancing, coupled with further equity investments since the year end, provides the Group with a stable medium-term funding platform and reflects the continued ongoing support of its majority shareholder. This successful restructuring process provides certainty to the Group in the short to medium term allowing it to focus on delivering its strategic objectives. The Directors believe it is appropriate therefore to prepare the financial statements to 31 December 2024 on a going concern basis.”

Significant events

• “During the year, the company committed to exiting certain leases. A board-level decision was made in early 2024, with discussions held with the respective landlords throughout the year. Formal surrender agreements were signed post year-end, under which the Group is required to pay reverse premium and dilapidations settlements.”
• “A provision of £340,000 has been recognised in respect of a commercial settlement, which has now been formally resolved post year-end.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  +4.2%

  £28,665,937 → £29,878,908

  highest in 6 filed years

• Cash

  -60.7%

  £1,101,149 → £432,426

  lowest in 6 filed years

• Net assets

  -135.6%

  £4,975,244 → -£1,772,914

  lowest in 6 filed years

• Employees

  -4.4%

  294 → 281

• Operating profit

  -788%

  -£790,479 → -£7,019,207

  lowest in 6 filed years

• Profit before tax

  -722.8%

  -£866,320 → -£7,128,362

  lowest in 6 filed years

• Wages

  +5.3%

  £8,176,702 → £8,611,185

  highest in 6 filed years

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