Expo Foods North Limited

Expo Foods North Limited, based in Enfield, UK, is a small, active company founded six years ago. Despite a solid 4.0 Google rating from 22 reviews, the business is facing some challenges, with accounts overdue for three years and confirmation statements overdue for two. Employing 21 people and holding £1,341,678 in assets, it’s a solo-founded operation led by one director and owner. The company is an irregular importer, with its top import category being none, totaling just two months of imports, the last being in May 2022.

Expo Foods operates primarily as a wholesaler, directly importing and distributing ethnic food products from Europe, Turkey, and South Korea. Its website showcases a wide range of products, including dairy, meats, confectionery, spices, and alcoholic drinks, catering to diverse culinary preferences. The company also works with brands like Gazi, 7 Days, and Tadim, and distributes products from countries like Hungary, Poland, and Turkey. The website clearly positions Expo Foods as a supplier to the food service and retail sectors, offering both wholesale and potential retail opportunities.

Financially, Expo Foods North Limited presents a mixed picture. While current assets remain stable at £1,300,000, equity has plummeted to -£67,000, indicating a significant drain on capital. Bank borrowings have held steady at £130,000, and cash reserves are at £40,000. Creditors remain at £1,200,000, suggesting ongoing supplier relationships. 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 negative equity is a cause for concern. With no auditor mentioned, the figures are unaudited.

Overall, Expo Foods North Limited is navigating a challenging financial landscape. While its diverse product range and established supplier relationships offer potential, the negative equity suggests the company is burning through money. Management issues are not immediately apparent, but the financial strain could put pressure on operations and require careful attention to cash flow and profitability.

Registered in England/Wales under the registration number 11842038, with a registered address at EN3 5JL, England, Enfield, 259a Hertford Road.

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