Everest Ices Limited

Everest Ices Ltd is a small, family-run business, active since its founding 38 years ago in 1987. Based in Leicester, the company employs 12 people and holds assets totaling £446,047. It’s a limited company with four directors and four owners, and boasts a 3.0-star Google rating from 16 reviews. The business regularly imports ceramic products, with five months of import activity recorded.

Everest Ices began humbly, with a husband and wife team realizing a lack of quality Asian food in the UK. Zavid Maniar, with a sweet tooth and a passion for traditional Indian ice cream (kulfi), started small, knocking on doors of local Indian restaurants. Fast forward 30 years, and Everest Ices has become a nationwide name in the restaurant and catering industry, even selling in supermarkets. The company is now evolving into Everest Desserts, expanding its offerings to include chocolate products and cakes, operating from three facilities. Their website highlights a focus on quality and heritage, emphasizing British craftsmanship.

Financially, Everest Ices Ltd presents a mixed picture. Current assets decreased by 12% to £450,000, while net assets declined significantly by 66% to £320,000. Bank borrowings increased by 67% to £20,000, and cash reserves vanished completely. Creditors, however, decreased by 8.8%, suggesting improved debt management. As a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it benefits from agility, but the drop in equity raises concerns. The company is exempt from an audit, relying on unaudited statements.

It seems that while the company is holding steady, it’s facing some pressures. The expansion into Everest Desserts may be a response to changing market conditions, but it’s unclear whether it will be enough to offset the financial challenges.

Registered in England/Wales under the registration number 02128662, with a registered address at LE5 4BN, 170-174 Tithe Street, Leicester.

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