Food Team International Limited

Food Team International Ltd, based in Ashford, UK, is a sizable holding company with an active status, celebrating 20 years since its founding in 2005. Employing just 12 people, the company boasts substantial assets of £12,095,146 and generates a yearly revenue of £31,853,630. However, it operates from a virtual address where 158 companies are registered, raising some questions. It has two directors and one owner, with the owner list having been updated recently—a good sign for potential sales opportunities. The company regularly imports and exports prepared or preserved plant-based foods, with a long history of 259 months of imports and 6 months of exports.

The company’s website, Food Team, positions itself as an agent broker supplying and distributing a wide range of products into retailers, wholesalers, and manufacturers. It oversees the process from seed to fork, working with manufacturers worldwide to source high-quality ingredients. It also specializes in the wine industry, managing the entire process from grape to glass. Additionally, it assists lifestyle brands, helping them bring products to market. The website highlights partnerships and a commitment to sourcing and distribution.

Financially, Food Team International Ltd presents a mixed picture. While cash and cash equivalents surged by a remarkable 630% to £1,100,000, net assets still dropped by 49% to £2,600,000. Bank borrowings increased by 100%, reaching £41,000, and cash reserves fell 30% to £110,000. Creditors, however, decreased by 41%, suggesting improved debt management. The company meets two of three criteria to be considered a large company: turnover exceeding £36 million and balance sheet total exceeding £18 million, but with only 12 employees, it’s a smaller workforce. The lack of a named auditor suggests it’s exempt from an audit, relying on unaudited financial statements.

The company’s recent financial fluctuations, particularly the drop in net assets, could be attributed to increased investment in sourcing and distribution, or perhaps a temporary dip in sales. The virtual address and large number of companies registered at the same location are also worth noting, but don't necessarily indicate any wrongdoing. Overall, Food Team International Ltd appears to be a well-established player in the food brokerage industry, but it’s worth keeping an eye on its financial performance in the coming months.

Registered in England/Wales under the registration number 05324059, with a registered address at TN24 8DH, England, Ashford, Kent, Henwood House, Henwood.

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