Cargostore

Based in the UK we have a fleet of ISO and DNV 2.7-1 container equipment available via subsidiaries and partners throughout Europe, North America, South Africa, South East Asia and the Middle East.

Cargostore International Limited was formed in 1993 by current chairman Paul Barry, joined three years later by director, Keith Beton. Subsequent expansion of the business has seen the the board of Directors increased to a team of six, constituting both full and part time officials.

Collectively, they bring highly significant levels of experience in the fields of international container leasing, transport, logistics and international trade to benefit the Cargostore customer base.

From company inception, the management team decided to concentrate on trading niche container leasing to freight forwarders, logistic companies and international organisations providing support for Aid Relief.

In the process, an ethos was fast adopted that focussed on guaranteeing the provision of equipment regardless of location required, and providing flexibility for client off hire requirements.

Expertise was gained in both sourcing equipment and optimising its swift and efficient distribution to locations the world over.

The ‘turnkey’ nature of the Cargostore full-service offer won it many fans in the industry and brought the company good repeat business. Both selling and on-hiring and off-hiring equipment across multiple locations saw the business expand to different world locations and commensurately a healthy increase in employment levels.

In 2007, Cargostore looked to expand its client portfolio further by providing equipment to companies serving the world oil and gas industry.

Brazil was perceived as a significant and substantial market for Cargostore’s new products and a new wholly-owned subsidiary was opened in the country. Agency agreements in several other locations opened subsequently, with more added since on the back of further expansion driven by client demand.

All of the company’s equipment for the offshore market is built to DNV standard. Cargostore has also developed its own range of improvements to equipment types employed in the offshore exploration industry.

Ultimately however, the Cargostore success story is evidenced by its people. Today, the Cargostore team constitutes more than 25 market professionals, with a shared vision: to find and provide exactly what clients ask for, with maximum flexibility, bringing optimum cost efficiencies without detriment to the high quality service offer that has hallmarked their company’s ongoing expansion and development.

Company Growth (employees)
Type
Private
HQ
London, GB
Founded
1993
Size (employees)
25 (est)+9%
Cargostore was founded in 1993 and is headquartered in London, GB

Cargostore Office Locations

Cargostore has an office in London
London, GB (HQ)
12 Compton Rd

Cargostore Data and Metrics

Summary Metrics

Founding Date

1993

Cargostore Financial Metrics

Cargostore's revenue was reported to be £11.3 m in FY, 2015 which is a 31% increase from the previous period.
Numbers are in £, GBP

Revenue (FY, 2015)

11.3 m

Revenue growth (FY, 2014 - FY, 2015), %

31%

Gross profit (FY, 2015)

2.9 m

Gross profit margin (FY, 2015), %

26%

Net income (FY, 2015)

(3.6 m)

Cash (30-Apr-2015)

592.4 k
Numbers are in £, GBPFY, 2013FY, 2014FY, 2015

Revenue

15.4 m8.6 m11.3 m

Revenue growth, %

(44%)31%

Cost of goods sold

8.6 m3.9 m8.4 m

Gross profit

6.8 m4.7 m2.9 m

Gross profit Margin, %

44%55%26%

Operating expense total

2.3 m3.6 m5.4 m

Pre tax profit

4.1 m299.1 k(3.6 m)

Net Income

3.1 m(66.2 k)(3.6 m)
Numbers are in £, GBPFY, 2013FY, 2014FY, 2015

Cash

3.9 m273.3 k592.4 k

Accounts Receivable

1.4 m1.7 m2 m

Current Assets

8.8 m7.2 m5 m

PP&E

12.5 m22.1 m26.8 m

Total Assets

21.4 m29.3 m31.8 m

Accounts Payable

1.8 m540.8 k1.5 m

Current Liabilities

4.3 m5.2 m11.6 m

Retained Earnings

3.1 m(66.2 k)(3.6 m)

Total Equity

10.4 m10.4 m7.1 m

Financial Leverage

2.1 x2.8 x4.5 x
Numbers are in £, GBPFY, 2013FY, 2014FY, 2015

Cash From Operating Activities

6 m(523.8 k)3.4 m

Cash From Financing Activities

3.6 m8.9 m1.8 m

Income Taxes Paid

(985.4 k)(365.3 k)(45.6 k)
Y, 2015

Financial Leverage

4.5 x

Cargostore Company Life and Culture

You may also be interested in