Farmond Foods Ltd

Farmond Foods Ltd from London UK: a small, active company founded four years ago, employs just one person, and holds £308 in assets. It operates an e-commerce site and has a real registered address, managed by a single director and owner. The company’s activities focus on retail sale via mail order and internet, alongside other food services.

The business, incorporated on June 12, 2020, is categorized as small, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company’s website, while not providing extensive details, suggests a focus on online retail. It’s a tight-knit operation with a single director and owner, Ali Shenol Mustafa, who also serves as the sole employee.

Financially, Farmond Foods Ltd presents a mixed picture. Current assets have decreased by 23%, dropping to £310, and net assets have also fallen by 8.1%, settling at -£30,000. Cash bank on hand has also decreased by 23%, now at £310. Liabilities, however, show some improvement; accrued liabilities deferred income have decreased by 60%, and creditors have dropped by 8.2%. Bank borrowings have increased by 2400%, reaching £29,000. The lack of employees (zero reported) hints at a lean, possibly solo operation. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

The company’s reliance on a single employee and the decrease in cash reserves suggest it’s navigating a challenging financial landscape. Whether the e-commerce side can sustain the business long-term remains to be seen, but for now, Farmond Foods Ltd is betting on its niche market and customer satisfaction to turn the tide.

Registered in England/Wales under the registration number 12667111, with a registered address at N21 3JH, United Kingdom, London, 46a Queens Avenue.

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