Asko Foods Limited

Asko Foods Ltd from Barking UK: a small, active company founded twelve years ago, employs twenty-two people, and holds £5,899,776 in assets. It’s a family business with two directors and two owners, boasting a solid Google rating of 4.0 based on 127 reviews. The company regularly imports meat and edible meat offal—a whopping 469 months worth—and operates from a real address in Barking.

Asko Foods Ltd's website showcases a diverse range of products, from sustainably sourced beef and chicken to dry goods and herbs, catering primarily to the African Caribbean market. It operates both a wholesale trade and a membership program, offering exclusive pricing and updates. The company’s story highlights its strong retail background, stemming from founder Ali Askarian’s London business started in 1989. It distributes UK-wide to supermarkets, independent retailers, restaurants, and caterers, emphasizing its commitment to authentic tastes and cultural connections for migrant communities.

Financially, Asko Foods Ltd shows some interesting trends. While cash reserves increased by a modest 4.6% to £1,900,000, creditors jumped significantly—a 48% increase to £1,900,000. Trade debtors also ballooned, rising 110% to £3,400,000. On a positive note, net assets grew by 40% to £4,700,000, and the company’s bank borrowings are stable. The company’s small size—meeting two of three conditions for being considered small—helps it stay flexible, but the rise in debt suggests it's potentially burning through cash faster than it's bringing it in. The accounts are unaudited, and no auditor is mentioned, which is common for small companies. Future minimum lease payments under non operating leases have increased to £1,200,000, which could be a cause for concern.

Registered in England/Wales under the registration number 08485755, with a registered address at IG11 7NZ, England, Barking, Unit 4 New England Industrial Estate, Gascoigne Road.

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