Asiana Foods Limited

Asiana Foods Ltd from Nottingham UK: small company, active status, founded 7 years ago, 27 employees, £1,166,146 assets, real address, 3 directors, 2 owners, family business. Regular importer of cereal and milk-based food products (6 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £1,166,146.

The company operates as a wholesale trader, with its primary business being a large, local oriental supermarket called Asiana Hypermarket. The website showcases a wide range of oriental foods, beverages, and fresh produce, catering to both in-store and online shoppers. A prominent section highlights "Catering Special Offers," suggesting a focus on serving local restaurants and businesses. The site also features a loyalty program and a map to the physical store, indicating a desire to build customer relationships and drive foot traffic. It’s clear they are aiming to be a one-stop shop for oriental cuisine.

Financially, Asiana Foods Ltd presents a mixed picture. While net assets increased by a modest 6%, bank borrowings jumped by a significant 17%, reaching £87,000. Cash reserves, however, decreased by 26%, settling at £55,000. Creditors also rose by 12%, reaching £1,100,000. A notable trend is the decrease in accumulated amortisation for intangible assets, which could indicate a write-down of some assets. The company’s small size allows for flexibility, but the increase in debt warrants close monitoring. The accounts are unaudited, so the figures rely on internal reporting.

Overall, Asiana Foods Ltd appears to be a stable, family-run business navigating the challenges of the wholesale trade. While the increase in debt is a concern, the company’s strong local presence and focus on customer service suggest a resilient operation.

Registered in England/Wales under the registration number 11076870, with a registered address at NG3 1AR, United Kingdom, Nottingham, Nottinghamshire, Asiana Hypermarket, 108 Woodborough Road.

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