Food Point Produce Ltd

Food Point Produce Ltd from London UK: a small, active company founded nine years ago, employs 21 people, and holds £2,493,807 in assets. It's a solo-founded operation with one director and owner, boasting a perfect 5.0 Google rating from 24 reviews. The company regularly imports edible fruits and nuts, with four months of import activity recorded, the last operation made in August 2024.

The company's website, FoodPoint Fresh Produce Delivery, focuses on fresh produce delivery, suggesting a B2B model catering to restaurants and retailers. The site highlights a wide selection of fruits and vegetables, emphasizing quality and reliability. It’s an e-commerce site, with a clean and functional design, and a focus on wholesale pricing.

Financially, Food Point Produce Ltd shows a mixed picture. Cash bank on hand has seen a significant boost, up 89% to £1.1 million, while current assets have also increased by 46% to £2.5 million. However, creditors have also risen substantially, with liabilities due within one year up 58% to £2.1 million. Trade debtors have also increased, by 15% to £1.2 million. On the positive side, retained earnings and accumulated losses have increased by 44% to £460,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the rise in creditors suggests a need for careful cash flow management. There’s no auditor mentioned, likely due to the company’s small size, and the accounts are unaudited.

The increase in fixed assets, up a staggering 1300% to £130,000, is a notable development—perhaps reflecting investment in new equipment or storage facilities. It’s a good sign, but it’s worth noting that depreciation charges have also increased, which could impact future profitability. Overall, Food Point Produce Ltd appears to be growing, but it’s important to monitor its debt levels and ensure that its growth is sustainable.

Registered in England/Wales under the registration number 10043526, with a registered address at SW8 5PP, England, London, Railway Arch 31 New Covent Garden Market.

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