Foodstore Ltd

Foodstore Ltd, based in Aberdeen, UK, is a private limited company with a 31-year history, currently employing 71 people. The company holds assets worth £1,882,036 and operates from a real address at 15 Crombie Road, Torry. It’s a family business led by two directors and two owners, King John Stewart and King Richard Westland, who also serve as directors. Foodstore Ltd is an irregular importer, primarily dealing in meat and edible meat offal, with the last import operation recorded two months ago in March 2023. The company operates within the other food services industries.

The company’s website is not available, so it’s difficult to determine whether it engages in e-commerce. However, the business appears to be primarily focused on wholesale and retail food services.

Financially, Foodstore Ltd presents a mixed picture. While net assets remain positive at £360,000, they have decreased by 39% compared to the previous year. Bank borrowings have significantly reduced by 25% to £460,000, which is a positive sign. However, cash reserves have plummeted by 83% to just £29,000, and net loss increased by 310% to -£290,000. Creditors have increased by 150%, suggesting potential strain on short-term obligations. The company meets two of three criteria to be considered a large company: turnover more than £36 million, balance sheet total more than £18 million, employees more than 250. The unaudited financial statements were prepared by SBP Accountants & Registered Auditors.

The sharp decline in cash reserves and increased losses are concerning, but the reduction in bank borrowings suggests efforts to manage debt. The company’s irregular import activity and reliance on a single product category (meat and offal) could make it vulnerable to market fluctuations. It's likely the company is facing challenges, but the reduction in debt is a positive step.

Registered in Scotland under the registration number SC149256, with a registered address at AB11 9QQ, Aberdeen, 15 Crombie Road, Torry.

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