Candied Icecream Limited

Candied Icecream Limited is a small, active company based in Falkirk, UK. Founded eight years ago in April 2017, it employs 32 people and holds £146,205 in assets. The company operates from a virtual address, registered at 19a Wellside Place, which is shared by 25 other companies. It’s run by a solo founder, Dhillon Amrit Veerinder Singh, who also serves as the director and owner. The business regularly imports miscellaneous food products, with 11 months of import activity recorded, the latest in August 2024.

The company’s website, candiedicecreamparlour.co.uk, showcases a network of ice cream parlours across central Scotland, offering a wide range of hot and cold desserts, gelato, milkshakes, and even a unique selection of Tango Ice Blasts. The website emphasizes homemade ice cream, variety of toppings, and a commitment to quality, with several locations highlighted, including Denny, Grangemouth, Rumford, and Stenhousemuir. It even has a loyalty app and offers delivery.

Financially, Candied Icecream Limited is showing some concerning trends. Creditors have increased significantly by 110%, reaching £530,000, while cash reserves have decreased by 21%, falling to £22,000. Bank borrowings have also increased, surging by 19%, reaching £26,000. On a positive note, debtors have increased by 360%, suggesting improved sales or extended credit terms. Net assets have plummeted by 140,000%, resulting in a negative figure of -£100,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s exempt from an audit, so these figures are unaudited.

While the company’s multiple locations and diverse menu suggest a thriving business, the financial data indicates a potential cash flow problem. Whether this is a temporary setback or a longer-term challenge remains to be seen, but it’s clear that Candied Icecream Limited needs to carefully manage its finances to sustain its growth.

Registered in Scotland under the registration number SC563580, with a registered address at FK1 5RL, Scotland, Falkirk, 19a Wellside Place.

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