Frytec Limited

Frytec Ltd from York UK: a small, family business, is active and was founded just four years ago. With seven employees and £360,662 in assets, it operates from a real address and is managed by two directors and two owners. The company is an irregular importer, with its top import category being Paper and Paperboard Products, totaling 1 months of imports, with the last operation conducted on October 01, 2021.

Frytec’s website reveals a unique solution for commercial kitchens: a system that extends the usable life of cooking oil by up to 18 days. The company markets itself as providing an immediate cost-saving solution, reducing oil usage by up to 70% through British engineering and cutting-edge technologies. They offer a subscription model, including equipment, consumables, and training, ensuring customers start saving money from day one. Passion is what drives them.

Financially, Frytec Ltd shows some concerning trends. Accumulated depreciation increased by 73%, indicating significant investment in property, plant, and equipment. The number of employees decreased by 43%, dropping to just four, and cash bank holdings fell by 55% to £6,800. Creditors increased by 6.3%, suggesting a reliance on external financing. However, debtors also rose by 9.4%, which could be a sign of increased sales. Equity decreased by 14%, dropping to -£270,000, which is a big drop. The company meets the criteria to be considered small, with turnover less than £10.2 million and assets under £5.1 million, and employees less than 25. The lack of an auditor mentioned suggests the company is exempt from an audit.

It's clear that Frytec Ltd is facing some financial challenges, although the company seems to be active and is still growing. The recent changes to the director and owner lists could be a sign of restructuring or a new strategy to improve the company’s financial health.

Registered in England/Wales under the registration number 12661538, with a registered address at YO23 2PW, United Kingdom, York, North Yorkshire, The Control Tower Acaster Airfield, Acaster Malbis.

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