M.B. FREIGHT FORWARDING LIMITED Financials
- Company number
- NI027302CopyCopy
- Registered office
- 21 Moyraverty Road West, Moyraverty, Craigavon BT65 5HU
- Incorporated
- 12/03/1993
Company snapshot
- Status
- Active
- Employees
- 98 (2023)
- Latest financial data
- 2023
- Accounts type
- Audit Exemption Subsidiary
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
2.25%vs 20222022: £3.99M
Total Assets
11.24%vs 20222022: £6.84M
Cash in Bank
-48.70%vs 20222022: £1.98M
Total Liabilities
23.80%vs 20222022: £2.86M
Employees
+1vs 20222022: 97
In 2023, M.B. FREIGHT FORWARDING LIMITED reported net assets of £4.08M. The same filing shows total assets of £7.61M, cash in bank of £1.02M and total liabilities of £3.54M. Reported headcount was 98 in 2023. Cash in Bank fell from £1.98M in 2022 to £1.02M in 2023 (-48.70%). Okredo holds filed figures for 2021–2023; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
2.25%from £3.99M in 2022Year-on-year change
Net Assets as filed for 2021–2023. Every figure in this chart is also in the financial history table.
3-year financial trend (2021–2023)
How the figures M.B. FREIGHT FORWARDING LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
+47.3%vs 2021+21.4% a year compound (CAGR)
Cash in Bank
-51.1%vs 2021-30.1% a year compound (CAGR)
Total Assets
+38.6%vs 2021+17.7% a year compound (CAGR)
Total Liabilities
+29.7%vs 2021+13.9% a year compound (CAGR)
Employees
-11.7%vs 2021-13Biggest increase
Net Assets+47.3%
£2.77M in 2021 to £4.08M in 2023
Biggest decrease
Cash in Bank-51.1%
£2.08M in 2021 to £1.02M in 2023
M.B. FREIGHT FORWARDING LIMITED's filings pull in both directions between 2021 and 2023. The steepest rise came in net assets, pointing to a strengthening balance sheet, set against a fall in cash in bank, pointing to a tighter cash position. See the full year-by-year figures.
Ratios from the filed figures
Calculated from M.B. FREIGHT FORWARDING LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 53.55%2023
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 46.45%2023
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 28.73%2023
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 13.35%2023
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
- Revenue per employee
- £96.87K2023
- Reported turnover divided by the reported average number of employees, for the latest year both were filed. Shows how much revenue the business generates per employee.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for M.B. FREIGHT FORWARDING LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 2.77M | 3.99M | 4.08M |
| Total Assets£ | 5.49M | 6.84M | 7.61M |
| Cash in Bank£ | 2.08M | 1.98M | 1.02M |
| Total Liabilities£ | 2.73M | 2.86M | 3.54M |
| Employees | 111 | 97 | 98 |
M.B. FREIGHT FORWARDING LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for M.B. FREIGHT FORWARDING LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
M.B. FREIGHT FORWARDING LIMITED reported net assets of £4.08M for 2023. That compares with £3.99M in 2022, a change of 2.25%.
M.B. FREIGHT FORWARDING LIMITED reported total assets of £7.61M for 2023. That compares with £6.84M in 2022, a change of 11.24%.
M.B. FREIGHT FORWARDING LIMITED reported cash in bank of £1.02M for 2023. That compares with £1.98M in 2022, a change of -48.70%.
M.B. FREIGHT FORWARDING LIMITED reported 98 employees in 2023, compared with 97 in 2022.
Between 2021 and 2023, M.B. FREIGHT FORWARDING LIMITED's net assets rose by 47.3%, cash in bank fell by 51.1%, total assets rose by 38.6% and total liabilities rose by 29.7%. Net assets compounded at 21.4% a year across the two years to 2023, from £2.77M to £4.08M. Reported headcount went from 111 in 2021 to 98 in 2023 (-13).
Okredo holds reported figures for the years 2021, 2022, 2023. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.