Uneek Freight Services Limited

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uneek freight services limited Company Information

Live

MatureMidDeclining

Company Number

01365679

Website

www.uneek-group.com

Registered Address

uneek house amberley way, hounslow, middlesex, TW4 6BH

Industry

Freight air transport

Telephone

02085694949

Next Accounts Due

December 2024

Group Structure

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Directors

Avinashkumar Patel17 Years

Prakash Patel17 Years

View All

Shareholders

uneek forwarding limited 100%

uneek freight services limited Estimated Valuation

£3.4m

Pomanda estimates the enterprise value of UNEEK FREIGHT SERVICES LIMITED at £3.4m based on Net Assets of £1.1m and 2.99x industry multiple (adjusted for liquidity).

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Uneek Freight Services Limited is a live company located in middlesex, TW4 6BH with a Companies House number of 01365679. It operates in the freight air transport sector, SIC Code 51210. Founded in April 1978, it's largest shareholder is uneek forwarding limited with a 100% stake. Uneek Freight Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Uneek Freight Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £5.1m, make it smaller than the average company (£10.6m)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (11.2%)

EXPORT

Uneek Freight Services Limited's latest turnover from March 2023 is estimated at £5.1 million and the company has net assets of £1.1 million. According to their latest financial statements, Uneek Freight Services Limited has 10 employees and maintains cash reserves of £146.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	5,129,798	4,710,067	5,462,918	7,352,013	8,873,730	6,795,607	3,799,292	3,034,341	7,609,286	9,087,028	2,867,385	2,993,688	6,324,681	4,802,449
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,086,344	3,665,474	4,043,046	5,847,510	6,996,917	5,280,138	3,038,530	2,326,176	6,171,854	7,527,148	2,133,508	2,151,903	5,296,090	3,798,368
Gross Profit	1,043,454	1,044,593	1,419,872	1,504,503	1,876,813	1,515,469	760,762	708,165	1,437,432	1,559,879	733,877	841,785	1,028,591	1,004,081
Admin Expenses	1,035,144	1,059,035	1,346,527	1,389,884	1,758,453	1,396,583	688,100	637,665	1,600,102	1,509,057	670,063	777,002	1,002,225	698,611
Operating Profit	8,310	-14,442	73,345	114,619	118,360	118,886	72,662	70,500	-162,670	50,822	63,814	64,783	26,366	305,470
Interest Payable	27,838	35,169	26,338	18,130	28,084	34,870	27,931	31,009	0	19,534	36,663	40,770	26,041	13,463
Interest Receivable	4,825	648	61	58	544	166	0	6	80	51	0	0	8	4
Pre-Tax Profit	-14,704	-48,963	47,068	96,547	90,820	84,183	44,731	39,497	-162,590	31,339	27,151	24,013	333	292,011
Tax	0	0	-8,943	-18,344	-17,256	-15,995	-10,894	-7,905	0	-7,208	-6,813	-6,256	-93	-81,763
Profit After Tax	-14,704	-48,963	38,125	78,203	73,564	68,188	33,837	31,592	-162,590	24,131	20,338	17,757	240	210,248
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-14,704	-48,963	38,125	78,203	73,564	68,188	33,837	31,592	-162,590	24,131	20,338	17,757	240	210,248
Employee Costs	458,687	338,727	466,375	439,870	529,714	452,198	394,467	377,873	966,249	1,071,316	407,398	538,129	691,383	774,288
Number Of Employees	10	9	13	11	13	12	10	11	27	28	10	10	18	24
EBITDA*	37,347	12,159	94,149	137,784	136,445	135,096	88,850	88,610	-142,204	72,014	87,656	91,055	56,158	326,287

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	1,357,256	1,386,293	1,348,682	1,370,801	1,363,524	813,679	824,490	843,594	862,817	883,283	904,475	928,317	949,771	941,984
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	12,941	12,941	12,941	12,941	12,941	12,941	12,941	12,941	12,941	12,941	12,941	12,941	12,941	12,941
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,370,197	1,399,234	1,361,623	1,383,742	1,376,465	826,620	837,431	856,535	875,758	896,224	917,416	941,258	962,712	954,925
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	586,399	849,147	979,804	1,133,290	1,288,247	958,204	831,235	775,378	817,460	773,774	627,014	658,059	638,793	630,527
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	127,211	149,909	146,625	30,166	48,316	46,790	20,423	22,592	0	0	22,884	19,583	0	0
Cash	146,056	80,986	91,921	29,912	85,559	59,380	7,171	7,540	14,574	17,495	2,703	5,094	1,595	1,607
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	859,666	1,080,042	1,218,350	1,193,368	1,422,122	1,064,374	858,829	805,510	832,034	791,269	652,601	682,736	640,388	632,134
total assets	2,229,863	2,479,276	2,579,973	2,577,110	2,798,587	1,890,994	1,696,260	1,662,045	1,707,792	1,687,493	1,570,017	1,623,994	1,603,100	1,587,059
Bank overdraft	0	99,223	103,503	75,393	0	49,704	84,990	129,416	0	0	139,635	113,312	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	35,703	26,000	0	0
Trade Creditors	919,115	755,776	667,626	1,055,228	1,147,797	748,028	677,467	576,664	807,316	984,344	509,728	584,846	831,740	805,808
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	112,062	31,973	0	0
other short term finances	70,000	70,000	70,000	0	49,704	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	10,190	10,035	0	0
other current liabilities	96,878	90,645	134,110	51,814	117,909	110,295	87,151	119,221	0	0	43,784	8,103	0	0
total current liabilities	1,085,993	1,015,644	975,239	1,182,435	1,315,410	908,027	849,608	825,301	807,316	984,344	851,102	774,269	831,740	805,808
loans	0	303,963	395,365	219,288	250,036	482,667	455,556	477,886	0	0	425,694	463,507	387,018	414,244
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	6,715	16,905	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	115,315	0	0	0	569,706	397,134	0	100,000	130,939	116,419
provisions	5,974	6,369	7,106	7,103	7,407	7,638	15,543	17,142	20,646	20,801	25,423	28,568	30,415	27,840
total long term liabilities	5,974	310,332	402,471	226,391	372,758	490,305	471,099	495,028	590,352	417,935	457,832	608,980	548,372	558,503
total liabilities	1,091,967	1,325,976	1,377,710	1,408,826	1,688,168	1,398,332	1,320,707	1,320,329	1,397,668	1,402,279	1,308,934	1,383,249	1,380,112	1,364,311
net assets	1,137,896	1,153,300	1,202,263	1,168,284	1,110,419	492,662	375,553	341,716	310,124	285,214	261,083	240,745	222,988	222,748
total shareholders funds	1,137,896	1,153,300	1,202,263	1,168,284	1,110,419	492,662	375,553	341,716	310,124	285,214	261,083	240,745	222,988	222,748

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	8,310	-14,442	73,345	114,619	118,360	118,886	72,662	70,500	-162,670	50,822	63,814	64,783	26,366	305,470
Depreciation	29,037	26,601	20,804	23,165	18,085	16,210	16,188	18,110	20,466	21,192	23,842	26,272	29,792	20,817
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-8,943	-18,344	-17,256	-15,995	-10,894	-7,905	0	-7,208	-6,813	-6,256	-93	-81,763
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-285,446	-127,373	-37,027	-173,107	331,569	153,336	53,688	-19,490	43,686	123,876	-27,744	38,849	8,266	630,527
Creditors	163,339	88,150	-387,602	-92,569	399,769	70,561	100,803	-230,652	-177,028	474,616	-75,118	-246,894	25,932	805,808
Accruals and Deferred Income	6,233	-43,465	82,296	-66,095	7,614	23,144	-32,070	119,221	0	-43,784	35,681	8,103	0	0
Deferred Taxes & Provisions	-395	-737	3	-304	-231	-7,905	-1,599	-3,504	-155	-4,622	-3,145	-1,847	2,575	27,840
Cash flow from operations	491,970	183,480	-183,070	133,579	194,772	51,565	91,402	-14,740	-363,073	367,140	66,005	-194,688	76,306	447,645
Investing Activities
capital expenditure	0	-64,212	1,315	-30,442	-567,930	-5,399	2,916	1,113	0	0	0	-4,818	-37,579	-962,801
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	12,941
cash flow from investments	0	-64,212	1,315	-30,442	-567,930	-5,399	2,916	1,113	0	0	0	-4,818	-37,579	-975,742
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	-35,703	9,703	26,000	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	-112,062	80,089	31,973	0	0
Other Short Term Loans	0	0	70,000	-49,704	49,704	0	0	0	0	0	0	0	0	0
Long term loans	-303,963	-91,402	176,077	-30,748	-232,631	27,111	-22,330	477,886	0	-425,694	-37,813	76,489	-27,226	414,244
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	-16,905	-10,035	26,940	0	0
other long term liabilities	0	0	0	-115,315	115,315	0	0	-569,706	172,572	397,134	-100,000	-30,939	14,520	116,419
share issue	-700	0	-4,146	-20,338	544,193	48,921	0	0	187,500	0	0	0	0	12,500
interest	-23,013	-34,521	-26,277	-18,072	-27,540	-34,704	-27,931	-31,003	80	-19,483	-36,663	-40,770	-26,033	-13,459
cash flow from financing	-327,676	-125,923	215,654	-234,177	449,041	41,328	-50,261	-122,823	360,152	-212,713	-94,719	89,693	-38,739	529,704
cash and cash equivalents
cash	65,070	-10,935	62,009	-55,647	26,179	52,209	-369	-7,034	-2,921	14,792	-2,391	3,499	-12	1,607
overdraft	-99,223	-4,280	28,110	75,393	-49,704	-35,286	-44,426	129,416	0	-139,635	26,323	113,312	0	0
change in cash	164,293	-6,655	33,899	-131,040	75,883	87,495	44,057	-136,450	-2,921	154,427	-28,714	-109,813	-12	1,607

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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UNEEK FREIGHT SERVICES LIMITED group structure

Uneek Freight Services Limited has no subsidiary companies.

Ultimate parent company

UNEEK FORWARDING LIMITED

01559151

1 parent

UNEEK FREIGHT SERVICES LIMITED

01365679

UNEEK FREIGHT SERVICES LIMITED Shareholders

uneek forwarding limited

100%

Uneek Freight Services Limited currently has 5 directors. The longest serving directors include Mr Avinashkumar Patel (Oct 2007) and Mr Prakash Patel (Oct 2007).

officer	country	age	start	end	role
Mr Avinashkumar Patel	England	74 years	Oct 2007	-	Director
Mr Prakash Patel		70 years	Oct 2007	-	Director
Mr Rajesh Patel	England	67 years	Oct 2007	-	Director
Mr Vijaykumar Shah	United Kingdom	68 years	Apr 2016	-	Director
Mr Rajiv Patel	United Kingdom	55 years	Oct 2023	-	Director

P&L

March 2023

turnover

5.1m

+9%

operating profit

8.3k

gross margin

20.4%

-8.28%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

1.1m

-0.01%

total assets

2.2m

-0.1%

cash

146.1k

+0.8%

net assets

Total assets minus all liabilities

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company number

01365679

Type

Private limited with Share Capital

industry

51210 - Freight air transport

incorporation date

April 1978

ultimate parent company

UNEEK FORWARDING LIMITED

previous names

N/A

address

uneek house amberley way, hounslow, middlesex, TW4 6BH

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 11 charges/mortgages relating to uneek freight services limited. Currently there are 2 open charges and 9 have been satisfied in the past.

uneek freight services limited Company Information

uneek freight services limited Estimated Valuation

uneek freight services limited Estimated Valuation

uneek freight services limited Estimated Valuation

Uneek Freight Services Limited Overview

Uneek Freight Services Limited Health Check

UNEEK FREIGHT SERVICES LIMITED financials

uneek freight services limited Credit Report and Business Information

Uneek Freight Services Limited Competitor Analysis

uneek freight services limited Ownership

uneek freight services limited directors

uneek freight services limited company details

uneek freight services limited Charges & Mortgages

uneek freight services limited Companies House Filings - See Documents