Direct Produce Supplies Limited

Direct Produce Supplies Ltd, based in London, UK, is a significant player in the fruit and vegetable wholesale industry. Established 47 years ago in 1977, the company is a holding company with an active status, employing 79 people and managing assets totaling £67,809,717. It generates substantial revenue, reporting £456,127,619 in yearly income. Despite its size, the company operates from a virtual address, registered with 791 other companies, which is a little unusual. Eight directors and one owner guide the business, which has a stellar 5.0 Google rating based on a single review.

The company specializes in importing and exporting edible fruits and nuts, with a long history of activity – 1283 months of imports and 128 months of exports. Its website showcases a global reach, sourcing produce from over 40 countries and delivering it to UK retailers. Direct Produce Supplies emphasizes state-of-the-art technology, a worldwide infrastructure, and constant innovation, with a focus on year-round organic, exotic, soft fruit, and stone fruit. It also highlights its commitment to ethical foundations and social responsibility, with a zero-tolerance policy for slavery and human trafficking.

Financially, Direct Produce Supplies Ltd shows some interesting trends. While net assets increased by 23% to £24 million, cash reserves declined by 8% to £13 million. Bank borrowings, however, decreased by 45% to £4.7 million. Administrative expenses increased significantly by 34%, reflecting potential investments in growth or operational improvements. Trade debtors increased by 13%, which could indicate a shift in payment terms or increased sales volume. The company's turnover increased by 6.1% to £460 million, a positive sign for overall business performance. The company is audited by Sumer Auditco Limited.

Despite the growth in turnover, the decrease in cash reserves and the increase in administrative expenses warrant further scrutiny. The virtual address, while not inherently problematic, could raise questions about the company’s operational transparency. Overall, Direct Produce Supplies Ltd appears to be a well-established and active business, but its financial trajectory requires careful monitoring.

Registered in England/Wales under the registration number 01336601, with a registered address at W1G 0PW, United Kingdom, London, 14th Floor 33 Cavendish Square.

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