Asian African Foods Ltd

Asian African Foods Ltd, based in London, UK, is a small, active company founded thirteen years ago in 2011. With fifteen employees and £342,612 in assets, it's a solo-founded operation managed by a single director and owner. The company is an irregular importer, primarily focusing on fish and seafood, including shellfish, with just two months of import activity recorded, the last in November 2023.

The company operates in the agents involved in the sale of food, beverages and tobacco, the non-specialised wholesale of food, beverages and tobacco, the retail sale in non-specialised stores with food, beverages or tobacco predominating industries. Its website, asianafricafood.com, showcases a wide range of authentic exotic foods, from African drinks and flours to Caribbean spices and Middle Eastern nuts. It appears to be a B2B distributor, targeting pop-and-mom stores, wholesalers, and supermarkets, with a production facility in Thailand and sales offices in the Netherlands. The site also mentions private label concepts and various certifications, including Fairtrade and ISO 22000.

Financially, Asian African Foods Ltd presents a mixed picture. Cash bank on hand decreased significantly by 77% to just £3,500, while bank borrowings remained constant at £40,000. Creditors increased by 7% to £78,000, and finished goods rose by 12% to £140,000. Average number of employees during the period increased by 40% to 21, suggesting expansion. However, net assets decreased by 5.4% to £360,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in cash reserves warrants attention. With no auditor mentioned, the figures are unaudited.

Overall, Asian African Foods Ltd seems to be navigating a period of growth, but the declining cash reserves and increased debt suggest it's burning through money. The company’s success hinges on its ability to maintain its supply chain, manage its finances, and continue to cater to the demand for authentic exotic foods.

Registered in England/Wales under the registration number 07669123, with a registered address at W5 4RY, United Kingdom, London, Greater London, 3 South Road.

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