SEA KARGO LTD
Company number 07513821 · Monitor this company
Executive summary
SEA Kargo Ltd has undergone a striking transformation from a near-dormant micro-entity to a credible small-scale logistics operator with £1.87 million in total assets, leveraging its strategic Felixstowe location at the UK's largest container port. However, the most recent 11-month reporting period reveals significant deterioration in shareholder funds from £616,362 to £172,000, driven by an over-reliance on trade debtors (101% of total assets), a negative cash position, and a highly leveraged capital structure with £1.5 million in long-term liabilities. While the company demonstrates genuine operational capability and sector-relevant asset investment, its current financial structure—with extreme debtor concentration and liquidity dependency—presents material vulnerability to any disruption in customer payment patterns within the challenging post-Brexit freight environment.
Shareholders' funds
£172,000
Balance sheet as at 2024-12-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2011-02-02
- Employees
- 20 (2024 accounts)
- Registered office
- 13 Shed Stonegrove Road, Felixstowe, England, IP11 3SU
- Postcode
- IP11 3SU
- Capital
- 100 GBP
- Accounts category
- Total Exemption Full
- Charges
- 0 outstanding
Accounts
- Last made up to
- 2024-12-31
- Next due by
- 2026-12-31
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-02-02
- Next due by
- 2027-02-16
Nature of business (SIC)
- 82990 Other business support service activities not elsewhere classified
Officers 3 current · 3 resigned
Group structure
Controlled by SMSM LIMITED — since 2024-11-29
From persons-with-significant-control filings on the public register.
Contact details
- Website
- seakargo.com
Previous registered addresses 1
| Address | Changed on |
|---|---|
| 145-157 ST JOHN STREET, LONDON, EC1V 4PW | 2016-08-10 |
Among its peers
Top 25%
by shareholders' funds, of 1,251 similar companies in IP
Among the biggest employers among its local peers (20 staff).
Trading since 2011.
Competitors Ipswich
This company ranks 192 among other business support service activities not elsewhere classified in Ipswich.
The class of 2011
20%
of the 24,614 companies in this sector incorporated in 2011 are still active today; 78% have since been dissolved.
A fact about the year, not a forecast for this company.