Affetto Foods Ltd

Affetto Foods Ltd from Manchester UK: a small, active company founded nine years ago, employs two people, and holds £152,685 in assets. It’s a real address with two directors and two owners. The company is a regular importer of drinks, alcohol, and vinegar, having imported for 62 months.

Affetto Foods Ltd operates as an online Italian grocery store, Affetto Italiano, delivering authentic products directly from Italy. The website showcases a range of items, including cheeses, cured meats, desserts, and pantry staples. It offers curated tasting experiences and bundles, with a focus on quality and traditional flavors. The company also has a presence in the piano restoration business, 1066 Pianos, which operates from Cambridge and even has a showroom in Harrods.

Financially, Affetto Foods Ltd shows some concerning trends. Current assets have fallen by 22%, dropping to £150,000, while net assets have also decreased by 22%, settling at £130,000. Bank borrowings have decreased by 40%, and cash reserves have plummeted 48%, leaving only £77,000. Creditors have increased by 33%, and trade debtors have increased by 90%. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the decline in equity suggests a need for careful management. The company is exempt from an audit, so the figures are unaudited.

The company’s reliance on online sales and its diverse product range suggest a potential for growth, but the financial data indicates a need to address the decline in assets and manage debt effectively.

Registered in England/Wales under the registration number 09605230, with a registered address at M20 2DN, England, Manchester, 688-690 Wilmslow Road.

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