Bakery Bagietka Ltd

Bakery Bagietka Ltd from Manchester UK: a small holding company with an active status, was founded 14 years ago and employs 81 people. It holds £344,397 in assets and operates from a virtual address, managed by two directors and two owners. Google users rate it 3.0 out of 5 based on 29 reviews, and the company is a regular importer of milling products, having imported for 94 months.

The company’s website, Bakery Bagietka Bakery Enter Cake Shop Enter PL, suggests a focus on retail sales of baked goods, with a possible extension into piano restoration—a surprising diversification. While the core business involves manufacturing bread, fresh pastries, and cakes, the presence of “1066 Pianos” hints at a separate, potentially more prestigious venture. It’s not entirely clear how these two businesses are connected, but both emphasize a British heritage.

Financially, Bakery Bagietka Ltd presents a mixed picture. Current assets have decreased by 20% to £2.4 million, and net assets have fallen by 21% to £2.8 million. Cash reserves have seen a significant drop of 50%, down to £160,000. Trade debtors have remained relatively stable, while creditors have increased by 69%, indicating a possible need for more working capital. The company meets the criteria to be considered small, with a turnover under £10.2 million, assets under £5.1 million, and less than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited financial statements.

The company's substantial decrease in cash reserves and increase in creditors suggest it may be burning through money faster than it’s bringing it in. However, the stable level of debtors indicates that customers are paying on time. The diversification into piano restoration, while potentially lucrative, could also be a distraction or a source of financial strain. It's unclear whether the company is facing management issues, but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 07420328, with a registered address at M8 4JY, England, Manchester, The Belmont, Suite 2a, 89 Middleton Road.

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