Bakerybits Limited

Bakerybits Ltd from Wellington UK: a small, active company founded 14 years ago, employs eight people, and holds £222,860 in assets. With two directors and a solo founder at the helm, it operates an e-commerce site and boasts a respectable 4.0 Google rating from 110 reviews. The company regularly imports iron or steel products (51 months) and exports machinery, boilers, and mechanical appliances (3 months).

The company’s website, BakeryBits UK, is a comprehensive online store catering to baking enthusiasts and professionals. It sells everything from dough proofing equipment and baking tins to ingredients like flour and yeast. The site also features a blog with recipes and advice, and a section dedicated to commercial baking supplies. It’s clear they've got a lot of baking needs at heart.

Financially, Bakerybits Ltd presents a mixed picture. Current assets have increased by 21%, reaching £270,000, which is good news. However, equity has fallen significantly, dropping 55% to just £18,000. Bank borrowings have decreased by 27%, to £15,000, and cash reserves have increased dramatically, rising 240% to £25,000. Creditors have also increased by 7%, reaching £240,000. The company’s small size—meeting two of three conditions for being a small company—helps it remain flexible. As a small company, it’s exempt from an audit, so the financial statements are unaudited.

The drop in equity is a concern, suggesting the company may be burning through money. However, the increase in cash reserves and the growth in current assets offer some reassurance. The company’s online presence and wide range of products suggest it’s well-positioned to continue serving the baking community—but it will need to manage its finances carefully to ensure long-term sustainability.

Registered in England/Wales under the registration number 07532849, with a registered address at TA21 0AZ, England, Wellington, 7 Lowmoor Business Park, Tonedale.

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