Faretrade Limited

Faretrade Ltd from Essex UK: a small, active company established 22 years ago, employs three people, and holds assets valued at £1,124,300. Based at a real address, it’s managed by three directors and owned by two individuals. A regular importer, Faretrade Ltd specializes in miscellaneous food products, with 50 months of import activity recorded, the latest in December 2024. The company operates within the non-specialised wholesale of food, beverages and tobacco industries.

The business appears to focus on wholesale distribution, though a dedicated website isn’s available to examine. This lack of online presence suggests a business-to-business model, relying on direct sales and established relationships rather than consumer retail.

Financially, Faretrade Ltd shows a mixed picture. Cash bank on hand increased by a healthy 28% to £780,000, indicating improved liquidity. However, creditors surged by 520% to £280,000—a significant jump that could reflect increased purchasing or potentially, a reliance on short-term financing. Trade debtors also increased by 52%, suggesting customers are taking longer to pay. Despite this, net assets grew by 6.5% to £850,000, and current assets increased by 34% to £1,100,000. 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 flexibility, but the rise in liabilities warrants attention. There's no auditor mentioned, so the figures are unaudited.

Overall, Faretrade Ltd seems to be navigating a period of growth, but with increased financial obligations. Whether this is sustainable long term, or a sign of burning through money, remains to be seen.

Registered in England/Wales under the registration number 04544567, with a registered address at E11 2RJ, England, Wanstead, London, 34-40 High Street.

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