Devon Choice Foods Ltd

Devon Choice Foods Ltd from Somerton UK: a small, active company founded five years ago, employs six people, and holds £117,262 in assets. It's a family business with three directors and two owners, operating an e-commerce site and regularly importing meat and edible meat offal – the last import was made in March 2024. The company's registered address is real, with only two other businesses registered there.

Devon Choice Foods Ltd primarily wholesales meat and meat products, dairy products, eggs, and edible oils and fats. Its website is minimal, focusing on contact information and a brief description of its services. While no specific e-commerce functionality is apparent, the presence of a website suggests an online presence for marketing and customer engagement.

Financially, Devon Choice Foods Ltd presents a mixed picture. Accumulated amortisation impairment intangible assets increased by 35%, indicating a potential write-down of goodwill. However, depreciation on property, plant, and equipment decreased significantly, particularly for leased assets and computer equipment. Bank borrowings have been reduced by 40%, and creditors have fallen by a substantial 41%, suggesting improved debt management. However, cash reserves have declined by 85%, a concerning trend. Net assets have also decreased by 10%. Despite these challenges, the company’s small size—meeting two of three criteria for a small company—allows for agility. The unaudited financial statements, lacking an auditor’s report, rely on director-reported data.

Overall, Devon Choice Foods Ltd seems to be navigating a period of financial adjustment. While improved debt management is positive, the declining cash reserves warrant close monitoring. The company’s family ownership and focus on wholesale distribution provide a solid foundation, but sustained growth will depend on addressing these financial pressures.

Registered in England/Wales under the registration number 12435894, with a registered address at TA11 6ET, England, Somerton, 35 Irving Road, Keinton Mandeville.

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