KINAXIA LOGISTICS & FULFILMENT LTD
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Cash
£229k
-47.1% lowest in 6 filed years
Net assets
-£4m
-126.7% lowest in 6 filed years
Employees
228
-18.9% vs 2024
Profit before tax
-£2.2m
+68.5% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Negative shareholders' funds
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £16,567,098 | £20,274,703 | £22,177,391 | £28,665,937 | £29,878,908 | £24,571,785 | -17.8% | |
| Operating profit | £131,988 | £1,630,154 | £1,238,293 | -£790,479 | -£7,019,207 | -£2,097,953 | +70.1% | |
| Profit before tax | £121,682 | £1,625,906 | £1,205,334 | -£866,320 | -£7,128,362 | -£2,245,918 | +68.5% | |
| Net profit | £127,674 | £1,551,450 | £1,151,184 | -£964,812 | -£6,748,158 | -£2,245,918 | +66.7% | |
| Cash | £659,304 | £446,861 | £2,799,806 | £1,101,149 | £432,426 | £228,693 | -47.1% | |
| Total assets less current liabilities | £4,866,899 | £6,182,006 | £7,170,601 | £6,150,781 | £1,715,019 | -£2,909,656 | -269.7% | |
| Net assets | £3,237,422 | £4,788,872 | £5,940,056 | £4,975,244 | -£1,772,914 | -£4,018,832 | -126.7% | |
| Equity | £3,237,422 | £4,788,872 | £5,940,056 | £4,975,244 | -£1,772,914 | -£4,018,832 | -126.7% | |
| Average employees | 228 | 223 | 221 | 294 | 281 | 228 | -18.9% | |
| Wages | £5,223,314 | £5,421,811 | £5,729,828 | £8,176,702 | £8,611,185 | £7,176,455 | -16.7% | |
| Directors' remuneration | £123,500 | £138,691 | £118,608 | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 0.8% | 8.0% | 5.6% | -2.8% | -23.5% | -8.5% | |
| Net margin | 0.8% | 7.7% | 5.2% | -3.4% | -22.6% | -9.1% | |
| Return on capital employed | 2.7% | 26.4% | 17.3% | -12.9% | -409.3% | — | |
| Gearing (liabilities / total assets) | 65.9% | 52.9% | 53.4% | 70.4% | 112.4% | 144.9% | |
| Current ratio | — | — | — | 1.17x | 0.88x | 0.62x | |
| Interest cover | 12.81x | — | 37.57x | -10.42x | -49.40x | -14.18x |
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.
Name history
Renamed 2 times since incorporation
- KINAXIA LOGISTICS & FULFILMENT LTD 2022-12-06 → present
- AKW GLOBAL WAREHOUSING LTD 2016-11-11 → 2022-12-06
- WORLD FREIGHT CENTRE LIMITED 1993-02-23 → 2016-11-11
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Hurst Accountants Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis... Accordingly, the directors consider it appropriate to prepare the Company's financial statements on a going concern basis.”
Significant events
- “On 17 July 2026 the Group's Invoice Discounting Facility with HSBC was increased from a £20,000,000 facility limit to a £25,000,000 facility limit.”
- “On 29 July 2026, the Company's prepayment percentage on the HSBC Invoice Discounting Facility was increased from 70% to 90% matching the level in place across the rest of the group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BLAKELEY, Allan | Director | 2026-02-01 | Dec 1971 | British |
| COX, Graham John | Director | 2025-04-07 | Mar 1968 | British |
| JENKINS, Gareth | Director | 2024-12-21 | Oct 1967 | British |
| WARRILLOW, Benjamin James | Director | 2024-12-21 | Aug 1974 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAVIES, Rebecca Therese | Secretary | 1998-12-23 | 2003-07-01 |
| DAVIES, Rebecca Therese | Secretary | 1993-02-03 | 1996-09-30 |
| LYONS, Michael James | Secretary | 2003-07-01 | 2025-12-31 |
| WALKER, Andrew James | Secretary | 1996-09-30 | 1998-12-23 |
| BRITANNIA COMPANY FORMATIONS LIMITED | Corporate Nominee Secretary | 1993-02-23 | 1993-02-23 |
| BOOTH, Ian | Director | 2002-07-01 | 2003-07-01 |
| CHERRY, Mark Edward | Director | 1998-10-08 | 1998-12-23 |
| DAVIES, Rebecca Therese | Director | 2016-11-01 | 2022-10-31 |
| DAVIES, Rebecca Therese | Director | 1996-09-30 | 2003-07-01 |
| FIELDS, Peter Richard, Dr | Director | 2018-10-04 | 2024-12-21 |
| GERMANY, Barry John | Director | 2024-12-21 | 2025-12-10 |
| GREENE, Thomas | Director | 2000-08-17 | 2004-03-01 |
| KITCHEN, Daniel John | Director | 1998-10-15 | 1998-12-23 |
| LYONS, Michael James | Director | 2003-07-01 | 2025-12-31 |
| MURRAY, Carl | Director | 2012-09-26 | 2015-02-28 |
| NORFOLK, Graham Richard | Director | 2018-10-04 | 2024-12-21 |
| RICHARDS, Julian Charles | Director | 2015-07-01 | 2020-09-23 |
| RICHARDS, Julian Charles | Director | 2015-07-01 | 2021-06-22 |
| SMITH, Ian Fredric | Director | 1996-09-30 | 1998-10-01 |
| WESTBROOK, Neil Gowanloch, Sir | Director | 1996-09-30 | 1998-10-01 |
| WORTHINGTON, Anthony Kevin | Director | 1993-02-23 | 2018-10-04 |
| WORTHINGTON, Karen Lesley | Director | 2015-02-12 | 2018-10-04 |
| DEANSGATE COMPANY FORMATIONS LIMITED | Corporate Nominee Director | 1993-02-23 | 1993-02-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Akw Group Ltd | Corporate entity | Shares 75–100% | 2018-10-04 | Ceased 2018-10-04 |
| Mr Anthony Kevin Worthington | Individual | Significant influence (as firm) | 2016-04-06 | Ceased 2018-10-04 |
| Akw Warehousing Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 169 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type full | |
| 2026-03-06 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-15 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-15 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-15 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-07-17 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-04-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-14 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-31 | AA | accounts | Accounts with accounts type full | |
| 2025-01-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.