Autentico Foods Limited

Autentico Foods Ltd from Norwich UK: a small, active company founded eight years ago, employs two people, and holds just £178 in assets. It’s a solo-founder operation with one director and owner, Caridi Valentino Antonello. The company regularly imports prepared or preserved plant-based foods, with 12 months of import activity recorded, the last operation made on June 1st, 2024. It operates in the wholesale of other food, including fish, crustaceans and molluscs industries.

The company's website is minimal, providing little insight into its operations beyond its basic contact information. There’s no e-commerce presence, suggesting a business-to-business model focused on wholesale distribution rather than direct sales to consumers. It seems the company focuses on sourcing and supplying plant-based foods to other businesses, rather than building a consumer-facing brand.

Financially, Autentico Foods Ltd presents a mixed picture. Net assets have improved from -£42,000 to -£34,000, which is a positive trend, but still indicates a negative equity position. Current assets have increased from zero to £180, which is a good sign, but the company’s creditors have decreased significantly, from £4,800 to zero after one year, and from £37,000 to £34,000 within one year. Fixed assets have decreased by 32%, and bank borrowings have not been reported. 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 negative equity position and reliance on creditors suggest a delicate financial situation. As a small company, it’s exempt from an audit, so the figures are unaudited. It’s likely that the company is burning through cash, but the improved net assets suggest a potential for stabilization, if it can manage its creditors and maintain its import operations.

Registered in England/Wales under the registration number 10370654, with a registered address at NR10 3NS, England, Norwich, 14 St. Peters Way, Spixworth.

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