Derby Ingredients Limited

Derby Ingredients Ltd from Harrow UK: a large company with an active status, founded 12 years ago, employs 27 people, holds £6,492,713 in assets, operates from a virtual address, is overseen by two directors, and is owned by Emanuel Eli. The company regularly imports edible fruits and nuts (for 5 months), and exports cocoa and cocoa products (for 56 months).

The company’s website showcases a diverse range of products, including nuts, dried fruit, seeds, and other supplies. It also highlights accreditation, public relations efforts, and a careers page, indicating a focus on both product offerings and company reputation. The site’s structure suggests a well-established business with a clear understanding of its target market. There’s a LinkedIn and Instagram presence, too. It’s a B2B operation, selling to other businesses, rather than directly to consumers.

Financially, Derby Ingredients Ltd presents a mixed picture. While current assets increased by 15%, to £6,500,000, net assets grew significantly by 94%, reaching £3,100,000. Bank borrowings, however, surged by 60%, reaching £1,800,000, and cash reserves fell by 100%, to -£1,100,000. Creditors decreased by 17%, suggesting improved debt management. The company meets the criteria for a large company, having met two of three conditions. The accounts are audited by RDP Newmans LLP.

The increase in bank borrowings and the sharp decline in cash reserves are concerning, suggesting the company may be burning through money faster than it’s earning it. However, the growth in net assets indicates that the company is still profitable, even if it’s relying on debt to finance its operations. The increase in current assets is a positive sign, indicating that the company is managing its working capital effectively. It’s possible the company is investing heavily in expansion, or perhaps facing temporary cash flow issues. The fact that the company is audited provides some reassurance, but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 08038412, with a registered address at HA1 2AW, Harrow, Middlesex, Lynwood House, 373/375 Station Road.

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