DHL GLOBAL FORWARDING (UK) LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“On the basis of their assessment of the company's financial position and resources, the directors believe that the Company is well placed to manage its business risks. The company remains profitable, has no external borrowings, and has a £228,814 cash balance and £142,643,000 cash pooling. Therefore, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements. Additionally, the company receives support from its German ultimate parent company, Deutsche Post AG. The directors have received a letter of continued support from Deutsche Post AG for at least 12 months from the date of approval of the financial statement, to enable the company to continue to trade and meet its liabilities as they fall due. Therefore, the directors consider there to be no material uncertainties that may cast doubt on the company's going concern status.”

Group structure

1. DHL GLOBAL FORWARDING (UK) LIMITED · parent
   1. DHL Trade Fairs and Events (UK) Limited 100% · United Kingdom · Lifting & Freight Forwarding for Exhibition Industry

Significant events

• “As we entered 2024, the Ocean freight market saw rates continue to rise due to the action by Houthi Rebels in the Red Sea at the end of 2023, causing vessels to divert by Cape of Good Hope on their voyages between Europe and Asia. Rates in 2024, the increase was quite dramatic seeing rates increase 300%.”
• “However, moving into 2025, rates have begun to drop significantly, with decreased demand due to too much capacity. If rates continue to slide, and carriers see any move toward an uplift in demand, shipping lines will adjust capacity and rates accordingly.”

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

Filings

6

last 12 months

Capital events

0

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.