Abiglobal Foods Wholesale Ltd

Abiglobal Foods Wholesale Ltd, based in Barking, UK, is a small holding company with an active status, established five years ago. The company employs 13 people and holds assets worth £1,496,165. It operates a real address and is managed by one director and one owner. A key aspect of its business is an e-commerce site, facilitating online sales. The company regularly imports meat and edible meat offal (32 months), with the most recent import occurring in December 2024. It also exports cereals, albeit irregularly (2 months), with the last export in May 2021.

The company’s website showcases a wide range of African and Caribbean food products, including groceries, frozen meats, fresh produce, cooking oils, and snacks. It caters to both retail and wholesale customers, offering competitive pricing and convenient online ordering. The site even has a Canning Town branch, expanding its reach within London.

Financially, Abiglobal Foods Wholesale Ltd presents a mixed picture. Cash reserves have increased significantly, jumping 170% to £140,000, which is a positive sign. However, net assets have grown by 63% to £160,000, while bank borrowings have remained constant at £10,000. Creditors have increased by 54% to £1,400,000, and trade debtors have risen by 92% to £1,000,000. The company meets the criteria to be classified as a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no mention of an auditor, likely due to its small size and exemption from an audit.

The increase in debtors suggests a possible delay in customer payments, which could be a cause for concern. While the company's cash position is strong, the rising creditor levels and increased debt may indicate that it’s burning through money. The company’s success hinges on maintaining its strong online presence and effectively managing its cash flow.

Registered in England/Wales under the registration number 11979428, with a registered address at IG11 0DR, England, Barking, Unit 5 75 River Road.

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