INTERNATIONAL LOGISTICS GROUP LIMITED

1. INTERNATIONAL LOGISTICS GROUP LIMITED 1995-04-21 → present
2. SPAREFORMAT LIMITED 1995-02-27 → 1995-04-21

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

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“For the reasons discussed above the directors believe that it remains appropriate to prepare the financial statements on the going concern basis. In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. INTERNATIONAL LOGISTICS GROUP LIMITED · parent
   1. Noel Topco Limited 100% · UK · Holding company
   2. Noel Midco Limited 100% · UK · Holding company
   3. Noel Cleanco Limited 100% · UK · Holding company
   4. Noel Bidco Limited 100% · UK · Holding company
   5. Global Freight Solutions (Holdings) Limited 100% · UK · Holding company
   6. Global Freight Solutions Ltd. 100% · UK · Parcel management
   7. GFS Logistics Limited 100% · UK · Holding company
   8. GFS Parcels Limited 100% · UK · Dormant
   9. GFS Technology Limited 100% · UK · Holding company
   10. Global Freight Solutions S.A. 100% · Greece · Software development
   11. Intermail Limited 100% · UK · Fulfilment services

Significant events

• “The Company has opened additional sites in Poland and the UK in July 2024.”
• “On 30 September 2025, the Company has restructured its existing short-term group loan into a long-term bank loan of £45 million, which provides improved liquidity and financial stability. The long-term bank loan is guaranteed by the Company's ultimate parent company.”
• “On 11 February 2025, 37,085 ordinary shares were allotted in relation to the capital injection from Yusen Logistics Co., Ltd. totalling £30,000,000. The ordinary shares were issued at par value of £1.00 each and the amount paid per share was £808.95. As a result, called up share capital and share premium account were increased by £37,085 and £29,962,915 during the year.”
• “The Company has closed the site in Unit 2 Sterling Park Industrial Estate, Gatwick Road, Crawley, West Sussex, RH10 9QT in April 2025. There is no significant financial impact on the financial statements.”
• “For the loan to group company of £17,783,999 as disclosed in note 14, £1,000,000 has been settled on 7 August 2025 and £16,783,999 has been extended to 6 August 2026.”
• “The loan from group company of £45,000,000 as disclosed in note 15 has been extended and settled on 30 September 2025. The Company has obtained a long-term bank loan of £45,000,000 on 30 September 2025.”

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

Filings

9

last 12 months

Capital events

1

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +6.6%

  £75,701,031 → £80,688,849

• Cash

  -99.9%

  £1,367,578 → £1,219

• Net assets

  +143.8%

  £18,369,263 → £44,783,156

• Employees

  +19%

  453 → 539

• Operating profit

  -154.9%

  £2,950,108 → -£1,618,704

• Profit before tax

  -274.3%

  £2,651,271 → -£4,621,641

• Wages

  +24.2%

  £16,372,534 → £20,335,506

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