Condimentum Limited

Condimentum Limited, based in Norwich, UK, is a small, active company founded eight years ago in 2017. Employing 26 people and boasting assets of £5,642,476, it operates from a real address within the Food Enterprise Park. Despite having ten directors, the company has no listed owners, a somewhat unusual arrangement. Condimentum is a regular importer of iron or steel products (38 months) and a regular exporter of miscellaneous food products (36 months), with the most recent activity recorded in February 2025.

The company's website paints a picture of a premium ingredient supplier, specializing in mustard and mint products for the food industry. They offer both ready-prepared options and customized solutions, emphasizing a "vertically integrated" approach from crop to customer. Their website highlights their British heritage, majority ownership by farmers, and focus on quality and reliability. They even have a section dedicated to sustainability and insights. The company's website also details their production process, from milling to contract packing, and even includes a blog with news and updates.

Financially, Condimentum Limited’s report reveals some interesting trends. Accrued liabilities and deferred income have decreased, with Current Financial Instruments down 15% and Non Financial Instruments down 2.8%. Bank borrowings have also decreased, with Current Financial Instruments down 35% and Non Financial Instruments down 5.5%. However, cash bank on hand has plummeted 64%, a significant drop. Creditors have increased dramatically, up 100%, and net assets have increased by 6.7%. 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 for agility, but the decrease in cash reserves warrants attention. The company was audited by MA Partners Audit LLP.

The sharp increase in creditors suggests the company may be relying more on short-term financing, which could be a risk. The decrease in cash reserves, combined with the increase in bank borrowings, indicates that Condimentum is burning through money faster than it’s bringing it in. While the company’s focus on premium ingredients and British heritage positions it well in the market, it will need to carefully manage its finances to ensure long-term sustainability.

Registered in England/Wales under the registration number 10698953, with a registered address at NR9 5FG, England, Norwich, Norfolk, Condimentum Colmans Close, Food Enterprise Park, Easton.

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