GXO LOGISTICS UK II LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. GXO LOGISTICS UK II LIMITED 2023-01-12 → present
2. CLIPPER LOGISTICS PLC 2014-05-15 → 2023-01-12
3. CLIPPER LOGISTICS LIMITED 2014-05-14 → 2014-05-15
4. CLIPPER LOGISTICS GROUP LIMITED 2008-04-22 → 2014-05-14
5. CLIPPER GROUP LIMITED 1995-07-03 → 2008-04-22
6. FORTUNE 11 LIMITED 1995-04-04 → 1995-07-03

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 101

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Financial Statements have been prepared on a going concern basis. In determining the appropriate basis of preparation of the Financial Statements, the Directors considered whether the Company can continue in operational existence for the foreseeable future. The trade of the Company along with associated trading assets and liabilities were transferred to fellow subsidiary GXO Logistics UK Limited and GXO Logistics Services Ireland Limited on 1 July 2025. The Company retained investments in subsidiaries and group balances, some of which generate interest income for the Company. Furthermore, the Company continues to operate as a partner to a joint venture arrangement. On the basis of their assessment of the Company's financial position the Directors have a reasonable expectation that the Company will be able to continue operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. GXO LOGISTICS UK II LIMITED · parent
   1. Clipper Logistics KG (GmbH & Co.) · Germany · Contract distribution and warehousing
   2. GXO ServiceTech UK II Limited · Technical services
   3. GXO ServiceTech UK Limited · Returns management services and online retail
   4. Northern Commercials (Mirfield) Limited · Sale, servicing, and repair of commercial vehicles
   5. Xanthous 7 Limited (formerly Stormont Truck and Van Limited) · Dormant
   6. GXO Logistics Verwaltungsgesel lschaft mbH · Germany · Holding company
   7. Xanthous 2 Limited (formerly Clipper Logistics (Processing) Limited) · Holding company

Significant events

• “Since the year end, the Group enacted a business transfer agreement effective from 1 July 2025, resulting in the trade and assets, except shares held by the Company in its subsidiaries, being transferred to the fellow subsidiary GXO Logistics UK Limited. Following the transfer of trade and assets, the Company retained its subsidiary investment and continued as a joint venture partner of Clicklink. Financial transactions will continue with respect to earning interest on certain outstanding loan receivables and possible future investment income. In addition, effective from 1 July 2025, the business assets, liabilities and employees of the Irish branch will be transferred to GXO Logistics Services Ireland Limited.”

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

Filings

12

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

  -13%

  £489,882,000 → £426,096,000

• Cash

  +91.4%

  £5,124,000 → £9,806,000

• Net assets

  +49%

  £64,152,000 → £95,579,000

• Employees

  -22.4%

  7,149 → 5,545

• Operating profit

  -10.4%

  £40,021,000 → £35,871,000

• Profit before tax

  -22.6%

  £37,673,000 → £29,149,000

• Wages

  -11.1%

  £183,184,000 → £162,834,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers