Al Halal Fruit & Vegetable Merchants Limited

Worldwide Foods Fruit & Vegetable Merchants Ltd, based in Manchester, UK, is a small, active company founded six years ago. With three employees and £1,100,254 in assets, it operates from a real address and is led by a solo founder who also serves as director and owner. The company enjoys a solid 4.0 Google rating from 95 reviews, reflecting positive customer experiences. It’s a regular importer, specializing in edible vegetables and roots, with 8 months of import activity recorded, the latest in October 2023.

The company’s focus is wholesale fruit and vegetable merchants, operating within a competitive market. While no website is available to analyze, the import activity suggests a business-to-business model, supplying retailers or food service providers. The Google rating indicates a focus on customer satisfaction, which is important for building relationships in the wholesale sector.

Financially, Worldwide Foods shows some concerning trends. While current assets increased by 16% to £1,100,000, net assets only grew by 16% to £190,000. Cash reserves decreased by 60% to -£150,000, a significant drain. Trade debtors decreased by 5.5% to £1,200,000, which could be a positive sign of better collections, but also suggest a slowdown in sales. Creditors increased by 17% to £920,000, which may be a result of increased purchasing to meet demand, or potentially a sign of financial strain. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, so the figures are unaudited.

Overall, Worldwide Foods appears to be facing cash flow challenges despite growing assets. The decrease in cash reserves suggests the company is burning through money faster than it's bringing it in. The increased reliance on creditors could be a temporary measure to manage expenses, but it also carries risks. The company’s success will likely depend on its ability to improve cash flow management and maintain strong relationships with its suppliers and customers.

Registered in England/Wales under the registration number 11482784, with a registered address at M13 0QE, United Kingdom, Manchester, 24 Slade Lane.

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