Asco Foods Limited

Asco Foods Ltd, based in Amersham, UK, is a large, family-owned business operating as a holding company with an active status. Established 24 years ago in 2000, the company employs 28 people and manages assets worth £16.8 million, generating an annual revenue of £42.2 million. With four directors and four owners, and a perfect 5.0 Google rating from 28 reviews, Asco Foods has built a strong reputation. It regularly imports cereal and milk-based food products (658 months of import activity) and exports drinks, alcohol, and vinegar (15 months of export activity).

The company’s website reveals Asco Foods to be a leading importer and distributor of Southeast Asian food products, specializing in Filipino, Thai, Vietnamese, and Cambodian cuisine. It caters to both retail and wholesale customers, with a dedicated sales team covering England, Wales, Scotland, Northern Ireland, and several European countries. The website highlights a wide range of products, from snacks and biscuits to sauces and noodles, and proudly represents over 40 brands, some exclusively. Customers can order online or through a dedicated app, showcasing a modern approach to business.

Financially, Asco Foods Ltd presents a mixed picture. While turnover increased by a substantial 110%, reaching £42 million, net assets decreased by 20% to £8.6 million. Bank borrowings increased by 26% to £4.3 million, and cash reserves declined by 57% to £530,000. Creditors also rose by 56%, reaching £9.7 million. Despite these challenges, the company’s administrative expenses increased significantly by 56%, suggesting investment in sales and marketing efforts. The company’s auditor, Menzies LLP, signed off on the accounts, providing some assurance of their accuracy.

The trends suggest Asco Foods is experiencing growing demand for its products, evidenced by the increased turnover. However, the rise in borrowing and decrease in cash reserves indicate a need to manage finances carefully. The company’s continued focus on its core business—importing and distributing Southeast Asian food—and its commitment to customer service, should help it navigate these challenges and maintain its position in the market.

Registered in England/Wales under the registration number 04095454, with a registered address at HP6 6JY, Amersham, Bucks, Units 7 & 8, Amersham Commercial Park Raans Road.

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