Freeworld Foods Limited

Freeworld Foods Ltd from Spalding UK is a large holding company with an active status, founded seventeen years ago. The company employs ten people and holds assets worth £10,370,593. Based at a virtual address, it's managed by three directors and one owner. Regular importer of edible vegetables and roots (286 months imported), it also exports these goods (6 months exported).

The company operates as a frozen foods supplier, specialising in FMCG goods. Established in November 2007, it’s the UK subsidiary of Congelados de Navarra, Spain’s largest frozen vegetable producer. Its location and cold storage facilities in Navarra allow flexibility, delivering full loads or single pallets from UK cold stores. The UK office, staffed with commercial, accounts, supply chain, technical, and product development teams, provides end-to-end service. The company consolidates, transports, and provides cold storage, offering timely and professional responses tailored to customer requirements. Recent investments by the CN group have increased storage capacity and acquired a production facility in Germany, expanding the product portfolio. Products include frozen vegetables, grilled mixes, rices, pulses, herbs, fruit, and bakery items. The company supports GlobalG.A.P. standards, ensuring quality and safety.

Financially, Freeworld Foods Ltd shows some concerning trends. Accrued liabilities decreased by 29%, while administrative expenses rose by 17%. Amounts owed to group undertakings increased significantly by 33%, and cash bank on hand dropped by 36%. However, current assets increased by 19%, and net assets rose by 21%. Director remuneration increased by 45%, and corporation tax payable rose by 30%. While the company’s turnover increased by 35%, its net loss also increased by 11%. The company’s size (meeting two of three criteria for a large company) suggests it’s operating at scale, but the decrease in cash reserves and increase in debt warrant attention. The audit firm, TC Group, has not provided any further insight into the company’s financial health.

Registered in England/Wales under the registration number 06427416, with a registered address at PE11 2TA, Spalding, Lincolnshire, 1-4 London Road.

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