Ate Foods Ltd

Ate Foods Ltd, based in Carnforth, UK, is a small, family-run business with an active status. Founded five years ago in January 2020, the company employs just one person and holds £126,888 in assets. It operates from a real address and is led by one director and two owners. Ate Foods regularly imports cereal and milk-based food products, with recent activity recorded as of December 2024. The company’s website, while simple, suggests a business "coming soon" and focuses on building an email list for updates and promotions.

Ate Foods Ltd operates within the non-specialised wholesale of food, beverages, and tobacco industries. Its website indicates a focus on e-commerce, with a clean design and a straightforward contact form. While the site is basic, it highlights a commitment to customer service and a desire to build a loyal following. The "coming soon" messaging suggests the company is either a new venture or undergoing a significant update to its online presence.

Financially, Ate Foods Ltd presents a mixed picture. Cash reserves have surged an impressive 2,000%, reaching £91,000, while bank borrowings have increased significantly, growing by 660% to £610. Creditors have also risen sharply, increasing by 1,500% to £86,000. On a positive note, debtors have increased by a staggering 110,000%, reaching £24,000, suggesting a potential influx of payments. Equity, however, has seen a dramatic shift, decreasing by 3,800% to £43,000. 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 agility, but the substantial increase in liabilities warrants attention. The absence of an auditor, likely due to exemption as a small company, means the figures are unaudited.

Overall, Ate Foods Ltd appears to be experiencing a period of rapid growth, but it’s also burning through cash at a considerable rate. The company’s success will depend on its ability to manage its increased liabilities and convert its growing receivables into sustainable profits.

Registered in England/Wales under the registration number 12383998, with a registered address at LA5 9TA, United Kingdom, Carnforth, Lancs, Greenthorne Farm 35 Silverdale Road, Yealand Redmayne.

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