Best Of Hungary Ltd

Best Of Hungary Ltd, based in Machynlleth, UK, is a small, active company founded eight years ago in 2016. With six employees and £182,661 in assets, it operates as an e-commerce site specializing in Hungarian food and wine. The company has two directors and two owners, and boasts a real address, indicating a legitimate presence. It's a regular importer, bringing in drinks, alcohol, and vinegar for a substantial 35 months, with the most recent import occurring in January 2025.

The company's website, Best of Hungary UK, showcases a wide range of products, from charcuterie and cheese to wines and gourmet treats. It emphasizes award-winning Hungarian food and wine, working directly with family businesses to ensure quality and traceability. The site also features recipes and a blog, reinforcing its expertise and engaging customers. It’s a well-designed site with a clear focus on delivering a taste of Hungary to UK consumers.

Financially, Best Of Hungary Ltd presents a mixed picture. While cash bank on hand increased by 8.3% to £21,000, net assets declined by 22% to £42,000. Bank borrowings have increased significantly, rising by 380% to £13,000 after one year, and by 280% within one year. Creditors also increased, jumping 5.7% to £130,000 within one year. Trade creditors decreased by 51% after one year, however, suggesting better debt management. 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 decrease in equity is a concern. The company is exempt from an audit as a small company.

Overall, Best Of Hungary Ltd seems to be navigating a period of change. While the e-commerce platform appears to be thriving, the financial data suggests some pressures. The company's success will likely depend on maintaining its niche market and adapting to evolving consumer demands.

Registered in England/Wales under the registration number 10472978, with a registered address at SY20 8JG, United Kingdom, Machynlleth, Brynhyfryd, Taliesin.

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