Candyplanet Ltd

Candyplanet Ltd, based in Cardiff, UK, is a small, family-run business with an active trading status. Founded nine years ago in 2016, the company employs just two people and holds £104,684 in assets. It operates from a virtual address, registered at a location shared by ninety-six other companies, and is managed by two directors and two owners. The business is involved in the wholesale of sugar and chocolate and sugar confectionery industries, and is an irregular importer, with its top import category being Cocoa and cocoa products, totaling two months of imports, the last operation was conducted on November 01, 2019.

The company’s website, while not extensively detailed, indicates a focus on wholesale distribution. It doesn't appear to be an e-commerce site directly selling to consumers, but rather caters to other businesses within the food and confectionery sector. It’s likely that Candyplanet Ltd sources cocoa and cocoa products and distributes them to manufacturers, retailers, or other wholesalers.

Financially, Candyplanet Ltd presents a mixed picture. Current assets have increased by 50% to £100,000, while net assets have seen a significant jump, increasing by 750% to £17,000. Cash reserves have also increased substantially, rising by 71% to £85,000. However, creditors have also increased, rising by 130% to £33,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain nimble, but the increase in creditors could suggest a reliance on short-term financing. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

The significant increase in equity suggests the company may have reinvested profits back into the business, or perhaps received additional investment. The rise in creditors, however, warrants monitoring, as it could indicate challenges in managing cash flow. Overall, Candyplanet Ltd seems to be growing, but it’s important to keep an eye on its debt levels to ensure sustainable growth.

Registered in England/Wales under the registration number 10012530, with a registered address at CF15 8LW, United Kingdom, Cardiff, 7 Ty Nant Court, Morganstown.

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