Foodspeed Limited

Foodspeed Ltd, based in Hayes, UK, is a medium-sized holding company with an active status, celebrating 25 years in business. Employing 54 people and boasting assets of £21,353,035, the company generated £25,931,543 in revenue last year. It’s led by five directors and has one owner, maintaining a solid 4.0 Google rating from 20 reviews. Foodspeed is a regular importer, specializing in dairy, eggs, honey, and edible animal products, with 158 months of import activity recorded.

The company’s website paints a picture of a premium foodservice supplier. Foodspeed focuses on delivering fresh milk, dairy products, fine foods, and ingredients to hotels, restaurants, bakeries, and artisan cafes across London. It's an award-winning B Corp business, proud to serve over 500 clients, including the Royal Palaces. The website highlights a 700-product range, from milk and dairy produce to eggs and speciality ingredients, and even offers plant-based dairy alternatives. Foodspeed’s commitment to sustainability is evident, with a focus on local producers, NSF Storage Distribution certification, and carbon neutrality. It even holds a Royal Warrant for the supply of fresh milk, dairy products, and provisions.

Financially, Foodspeed Ltd shows a mixed bag. While cash bank on hand increased by a remarkable 100% to £8,000,000, administrative expenses surged by 78% to £4,900,000. Creditors decreased by 33% to £2,000,000, suggesting improved debt management, but trade debtors fell by 23% to £1,300,000. The company’s net assets increased by 13% to £26,000,000, a positive sign. However, the company’s director remuneration increased by a significant 310% to £440,000. The company’s turnover remained steady at £26,000,000. With no auditor specifically mentioned, the financial statements are unaudited.

Overall, Foodspeed Ltd appears to be a well-established business with a strong reputation for quality and service. The increase in expenses and director remuneration could be a result of business growth and investment in sustainability initiatives. It’s clear that the company is focused on maintaining its position as a leading supplier to the London foodservice market, but keeping a close eye on expenses will be key to long-term success.

Registered in England/Wales under the registration number 03963404, with a registered address at UB4 0TH, England, Hayes, Middlesex, Unit 7-8 Hexagon Business Centre, Springfield Road.

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