Foodtest Laboratories Limited

Foodtest Laboratories Ltd, based in Doncaster, UK, is a small, holding company with an active status, having been founded twenty years ago in 2004. The company employs twenty-nine people and holds £1,097,037 in assets. It operates from a real address and is overseen by two directors and one owner, boasting a stellar 5.0 Google rating from just four reviews. The company is an irregular importer, primarily dealing with miscellaneous chemical products, with its last import operation recorded one month ago in August 2023.

Foodtest Laboratories Ltd specializes in food testing services, offering nutritional, microbiological, and allergen testing, alongside cooking validations and consultancy. Its website highlights a UKAS-accredited laboratory providing services to food manufacturers, from one-off tests to daily collections. The company even has a portal for regular customers to access live results and request confirmation of pathogen positive results. They also offer services for water testing, environmental swabs, and shelf-life verification.

Financially, Foodtest Laboratories Ltd shows a mixed picture. Current assets have increased significantly by 42%, reaching £1,100,000, while net assets have more than doubled to £450,000. Bank borrowings have decreased by 23%, reaching £240,000, and cash reserves have increased by 9.5%, reaching £200,000. However, creditors have risen by 55%, reaching £550,000, and trade debtors have increased by 52%, reaching £900,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in creditors suggests a need to manage debt more effectively. The lack of an auditor (likely exempt as a small company) means the figures are unaudited.

The company's growth in assets and cash reserves is encouraging, but the rise in both creditors and debtors warrants closer monitoring. The company’s focus on customer service and accreditation positions it well in the competitive food testing market, but financial stability will be key to its long-term success.

Registered in England/Wales under the registration number 05309728, with a registered address at DN4 0AE, England, Doncaster, 4 Hexthorpe Road.

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