Farsi Foods Limited

Farsi Foods Ltd from North Shields UK: a small, active company founded 33 years ago, employs seven people, and holds £137,419 in assets. It’s a real address, managed by one director and two owners, and operates as a family business with a 3.0 Google rating based on four reviews. The company is an irregular importer of machinery, boilers, and mechanical appliances, with parts imported for just one month, the last operation being in October 2022.

The company operates in the production of meat and poultry meat products industries. It's a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. The website is not available, so it's difficult to determine if it operates an e-commerce site.

Financially, Farsi Foods Ltd shows a mixed picture. Current assets have decreased by 24% to £140,000, while net assets have dropped 13% to £76,000. Bank borrowings have increased by 47% to £31,000, and cash reserves have fallen by 29% to £8,800. Creditors have also decreased by 23%, which could be a positive sign. The company’s small size helps it remain agile, but the decline in equity raises questions. As a small company, it's exempt from an audit, so the figures are unaudited.

The company’s financial statements show that the depreciation of plant and machinery has decreased, and the number of employees has increased by 29%. The company’s tax expense is based on taxable profit for the year. It’s a bit concerning that the company is burning through cash, but the decrease in creditors suggests better debt management.

Registered in England/Wales under the registration number 02622282, with a registered address at NE29 8SD, North Shields, Tyne & Wear, Unit 9 Def Oak Road, West Chirton North Ind Est.

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