Blue Nile Foods Ltd

Blue Nile Foods Ltd is a small, active company based in Southend-On-Sea, UK, founded four years ago in July 2020. The company holds £193,228 in assets and operates from a real address at 40-41 The Vintners, Temple Farm Industrial Estate. With a single director and owner, Belai Abbai, and an e-commerce site, Blue Nile Foods focuses on retail sales via mail order and internet. The company meets two of three conditions to be considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website, Blue Nile Foods, showcases a range of zero-calorie barista syrups, coffee beans, tea, and related accessories. It’s clear the business is entirely focused on e-commerce, with a well-designed site offering various brands like Monin, Sweetbird, and 1883 Maison Routin. The site highlights free delivery over £40 and offers multiple payment options, including American Express and PayPal. The address listed on the website, UNIT 3 Innovation Business Centre, is also a business park, suggesting a warehousing and distribution operation.

Financially, Blue Nile Foods Ltd shows a mixed picture. While current assets increased by 51% to £190,000, net assets actually plummeted 110% to just £2,000. Cash bank on hand dropped significantly by 30% to £44,000, and bank borrowings increased, which is concerning. Creditors, however, increased by 34% to £190,000, and total inventories shot up by 350% to £91,000, which could indicate a build-up of stock. It’s worth noting that the company is exempt from an audit and the accounts are unaudited, so the figures rely on director-reported data.

Overall, Blue Nile Foods Ltd appears to be a small e-commerce business experiencing some growing pains. The increased inventory and creditors suggest expansion, but the significant drop in net assets and cash reserves raise questions about its financial health. It will be interesting to see if the company can leverage its online presence and product range to improve its bottom line in the coming years.

Registered in England/Wales under the registration number 12767342, with a registered address at SS2 5RZ, England, Southend-On-Sea, 40-41 The Vintners, Temple Farm Industrial Estate.

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