Family Secret Limited

Family Secret Limited is a small, active company based in Birmingham, UK, established ten years ago in 2015. With just two employees and £142,662 in assets, it’s a family business operating from a real address. Mudhar Harmeet and Mudhar Sandeep Singh are the owners, with Mudhar Sandeep Singh serving as the sole director. The company is registered at B32 1DP, England, and operates within the other food services industries.

The company’s website is non-existent, making it impossible to determine if it operates an e-commerce platform or relies solely on wholesale distribution. Its core business involves importing cereal and milk-based food products, with recent activity recorded just one month ago in June 2024. It’s an irregular importer, suggesting sporadic but consistent demand for these goods.

Financially, Family Secret Limited presents a mixed picture. While cash bank on hand increased by a significant 110% to £39,000, net assets experienced a dramatic downturn, plummeting 240% to -£59,000. This suggests accumulated losses are eating into the company’s equity. Amounts owed to directors surged by an astonishing 2000%, reaching £160,000, which could be a loan or a director’s salary. Trade creditors also increased substantially by 350%, to £250,000, while finished goods ballooned by 1800%, reaching £75,000. Despite this, trade debtors only grew modestly by 13%, to £28,000. 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 sharp decline in equity raises concerns. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Family Secret Limited seems to be burning through cash, despite increased inventory. Whether this is a temporary blip or a longer-term trend remains to be seen, but the company’s reliance on imported goods and its small size make it vulnerable to market fluctuations.

Registered in England/Wales under the registration number 09464530, with a registered address at B32 1DP, England, Birmngham, West Midlands, 15 Clydesdale Road, Quinton.

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