Fast Track Food Ltd

Fast Track Food Ltd, based in Kington, UK, is a small, active company founded twelve years ago. With three employees and £366,318 in assets, it operates from a virtual address – a fact highlighted by the presence of 1497 other companies registered at the same location. The business is led by one director and one owner, although the owner list changed five years ago and isn’t exhaustive. It’s an irregular importer, with its top category being fish and seafood, including shellfish, though only two months of imports were recorded, the last being in 2016.

The company’s website, Fast Track Global Ltd, showcases a diverse range of products, primarily aimed at consumers. It’s an e-commerce platform selling baby food, vitamins, health products, beauty items, groceries, electricals, and more. The site is well-stocked, with a wide selection of brands and products available for purchase. The website also includes a section for vitamins and electricals, which are popular items for consumers. It's clear that the company is targeting a broad customer base with its extensive product range.

Financially, Fast Track Food Ltd’s numbers paint a mixed picture. While cash reserves increased by a solid 96% to £22,000, net assets only grew by a modest 4.6% to £190,000. Bank borrowings jumped significantly, rising 85% to £200,000—a potential concern. Creditors also increased by 85%, reaching £200,000, which could indicate growing reliance on short-term financing. The number of employees increased by 67% to five, which is a good sign for growth, but it also means higher payroll costs. The company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Fast Track Food Ltd seems to be navigating a period of growth, but the rising debt levels warrant close attention. The company’s e-commerce focus and broad product range suggest a strategy of catering to a wide consumer base, but it will need to manage its finances carefully to ensure long-term sustainability.

Registered in England/Wales under the registration number 08112095, with a registered address at HR5 3DJ, England, Kington, 61 Bridge Street.

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