Cakes Direct Limited

Cakes Direct Ltd from Motherwell UK: a small, active company founded 14 years ago, employs nine people, and holds £413,787 in assets. It operates a real address and is led by one director and owner, running an e-commerce site with a respectable Google rating of 4.0 based on nine reviews. The company is an irregular importer, primarily dealing in leather goods, travel bags, and animal harnesses, with import activity recorded for one month, the last being in November 2022.

The company's website, salesbakerydirect.co.uk, is a bustling online retailer specializing in bakery essentials and takeaway food packaging. It offers a wide range of products, from aluminium foils and cake boxes to coffee cups and postal boxes, catering to both artisan bakers and larger distributors. The site emphasizes environmentally aware practices, secure payment methods, and free delivery over £45. The "About Us" section highlights the company's family-run roots, established in 2009, and its commitment to innovation and sustainability.

Financially, Cakes Direct Ltd presents a mixed picture. While current assets increased by 12% to £410,000, net assets decreased by 20% to -£250,000, indicating a growing reliance on debt. Bank borrowings jumped by 25% to £220,000, and cash reserves dipped 8.1% to £26,000. Creditors also increased by 15% to £660,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor is typical for a small company, and the unaudited figures rely on director-reported data.

The increasing bank borrowings and declining equity suggest that Cakes Direct Ltd is burning through money. While the e-commerce site appears to be doing well, the financial pressures are evident. It’s likely the company is investing heavily in its online presence and product range, but it will need to manage its debt levels to ensure long-term sustainability.

Registered in Scotland under the registration number SC382460, with a registered address at ML1 1BN, Motherwell, 30-32, Muir Street.

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