Gabest Ltd

Gabest Ltd is a small, active company based in Northampton, UK, founded eleven years ago in 2013. With two employees and £62,641 in assets, it operates as an e-commerce site and is a regular importer of drinks, alcohol, and vinegar—the latest import occurring in October 2023. The business has two directors and is owned by Akande Olatunde Olabanji, with Ariyo Daniel Olumuyiwa also serving as a director. It operates in the non-specialised wholesale trade industries.

The company’s website, Gabest Foods, offers a wide range of African and Caribbean food products, from beans and pulses to fresh vegetables and frozen meats. It caters to both individual customers and those planning larger events, with options for basic party hampers and even enlarged tents for up to 50 guests. The site's extensive categories and "Shop by Recipe" feature suggest a focus on providing a comprehensive shopping experience for its target audience.

Financially, Gabest Ltd presents a mixed picture. While current assets increased by a significant 98% to £63,000, net assets plummeted 91% to just -£4,400—a considerable decline. Bank borrowings surged by a staggering 3,000%, reaching £9,000, and cash reserves fell, though the exact amount isn't specified. Trade debtors increased dramatically by 200%, potentially indicating challenges in collecting payments. Despite these pressures, creditors decreased by 14%, suggesting improved debt management. 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 agility, but the sharp equity drop warrants attention. With no auditor mentioned, the unaudited figures rely on director-reported data.

Overall, Gabest Ltd seems to be navigating a period of change. While its e-commerce platform appears active and well-stocked, the financial results suggest a need for careful management and a focus on profitability.

Registered in England/Wales under the registration number 08691126, with a registered address at NN4 9FA, England, Northampton, Northamptonshire, 23 Emperor Crescent, Pineham.

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