Bakers Direct Ltd

Bakers Direct Ltd, located in Luton, UK, is a small, active company established five years ago in 2019. With two employees and £939,002 in assets, it operates from a real address and is led by two directors and a single owner—the solo founder. The company runs an e-commerce site and irregularly imports furniture, lighting, and prefabricated buildings, with the last import operation occurring one month ago in October 2023.

The business focuses on wholesale of other intermediate products and retail sale via stalls and markets of other goods. Its website, while basic, showcases a range of products and services. The company’s presence on LinkedIn highlights its focus on providing wholesale and import services, targeting businesses seeking reliable sourcing.

Financially, Bakers Direct Ltd presents a mixed picture. Current assets have increased by a solid 30% to £940,000, indicating improved liquidity. However, net losses deepened to -£19,000, a significant increase from the previous year. Bank borrowings have risen sharply, increasing by 210% to £44,000, while cash reserves have fallen by 20% to £110,000. Trade debtors have increased by a substantial 140%, suggesting potential challenges in collecting payments. 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 increased debt and losses warrant attention. No auditor is mentioned, likely due to the company’s exemption as a small entity, and the figures are based on unaudited statements.

Despite these financial pressures, Bakers Direct Ltd’s focus on wholesale and import services, combined with its e-commerce presence, suggests a business with potential. The company’s ability to navigate these challenges will depend on its ability to manage debt, improve cash flow, and maintain its customer base.

Registered in England/Wales under the registration number 12125965, with a registered address at LU4 9DT, England, Luton, Unit 26 & 27 N Luton Industrial Estate, Sedgewick Road.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.