3m Food Solutions Ltd

3M Food Solutions Ltd is a small, active company based in Nottingham, UK, founded five years ago in December 2019. It employs thirteen people and holds £9,187 in assets, operating from a real address with one director and one owner. The company is an irregular importer, having imported goods for just one month, with the last activity occurring in June 2020. It operates in the unlicensed restaurants and cafes industries.

The company's website showcases a diverse range of food safety testing supplies, catering to businesses in Trinidad and Tobago and throughout the Caribbean. It acts as a distributor for reputable brands like 3M, Neogen, and CHEMetrics, offering equipment and materials for testing bacteria, allergens, toxins, pathogens, pesticides, and other potential contaminants. The website highlights a focus on quality assurance and represents a B2B model, targeting food safety professionals. It’s clear that the company’s focus is on supplying testing equipment rather than direct-to-consumer sales.

Financially, 3M Food Solutions Ltd presents a mixed picture. While the company’s equity has grown substantially, increasing by 240% to £67,000, current assets have decreased by 21% to £9,200. Bank borrowings have fallen by 25%, which is positive, but cash reserves have plummeted 33% to just £7,300. Debtors have increased dramatically, growing by 6,300% to £1,800—a significant jump that could indicate delayed payments or an expansion of credit terms. The company’s small size (meeting two of three conditions for being small) helps it remain flexible, but the decrease in cash reserves and the increase in debtors suggest a need to manage cash flow more carefully. No auditor is mentioned, which is common for small, exempt companies.

Overall, 3M Food Solutions Ltd appears to be navigating a period of change. While the company’s equity position is strong, the decrease in cash reserves and the increase in debtors suggest it’s burning through money. The company’s success will likely depend on its ability to maintain its customer base and manage its cash flow effectively.

Registered in England/Wales under the registration number 12372945, with a registered address at NG1 6JE, England, Nottingham, 61 Long Row.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.