SKYNET WORLDWIDE EXPRESS LIMITED

• ⚠

  Confirmation statement overdue

  Due 2025-12-19.

Latest accounts filed cover 2025-03-31; financial figures currently reflect up to 2023-03-31.

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

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“These results, together with current performance trends, future budgets, cash flow forecasts, and subordinated loans, have formed the basis of management's evaluation of the going concern assumption. The directors confirm that the company maintain access to adequate borrowing facilities, remain compliant with statutory and regulatory requirements, and are not aware of any pending legislative or operational developments that could materially impair their continued viability. Taking these factors into account, in addition to the support available from Group companies, the directors are satisfied that the company has sufficient financial resources and operational resilience to continue as going concerns for the foreseeable future.”

Significant events

• “During the year, the immediate parent company Deltec International Courier Limited company ceased trading and has transferred its trade and assets to the company. The transaction was completed during the financial year, and the associated legal documentation is currently being finalised to formally conclude the process.”
• “During the year, a restatement of the prior year numbers was reported.”
• “A formal structure plan was developed to down scale the UK operation.”
• “The combined effects of reduced volumes, cost inflation, and aggressive price competition led to a decline in revenue and profitability, with the Company reporting a net loss for FY2025. In response, SkyNet has undertaken a range of corrective actions, including route rationalisation, renegotiation of supplier contracts, improved load consolidation, and the introduction of premium, time-definite export services aimed at higher-value customers.”

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

Filings

1

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +5.3%

  £59,563,411 → £62,748,415

• Cash

  +443.1%

  £372,829 → £2,024,833

• Net assets

  +26.1%

  £7,588,366 → £9,569,602

• Employees

  0%

  6 → 6

• Operating profit

  -58.7%

  £5,872,264 → £2,427,835

• Profit before tax

  -60.5%

  £5,827,488 → £2,299,791

• Wages

  +15.8%

  £366,428 → £424,155

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