Canvas Produce Ltd

Canvas Produce Ltd, based in London, UK, is a small, active company founded 10 years ago. Employing just one person and boasting a real address, it’s a compact operation overseen by a single director and owner. The company regularly imports edible vegetables and roots, with three months of import activity recorded, the last in November 2022.

The company’s website highlights its specialization in importing and exporting fresh and processed mushrooms, particularly white and chestnut varieties. It positions itself as one of the largest importers in Europe, supplying mainly foreign markets with high-quality mushrooms produced in Poland. The website also mentions a separate venture – a piano restoration business – which is interesting.

Financially, Canvas Produce Ltd presents a mixed picture. Net assets have fallen dramatically, dropping 93% to just £2,100. Bank borrowings have also decreased, falling 35%, and cash reserves have plummeted 87%. However, trade debtors have increased by 11%, which could indicate growing sales, but also potential payment issues. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it's likely exempt from an audit, so the figures are unaudited.

Overall, Canvas Produce Ltd appears to be facing financial headwinds, with a significant drop in equity. While the mushroom import business seems to be ongoing, the company’s ability to maintain profitability and manage its debts will be crucial moving forward.

Registered in England/Wales under the registration number 09129136, with a registered address at N20 0SD, England, London, 54 Malborough Gardens.

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