Golden Pride Export Limited

Golden Pride Export Ltd, based in Hoddesdon, UK, is a small, active company founded eleven years ago. With just one employee and £343,507 in assets, it operates from a virtual address – a detail highlighted by the fact that 103 companies share the same registration address. The business has two directors, but no owners are listed, a common occurrence for smaller entities. It’s an irregular importer, primarily dealing in drinks, alcohol, and vinegar, with its last import activity recorded one month ago in August 2022.

The company’s website showcases a dual focus: wholesale distribution and a branded line of non-alcoholic sparkling juices called “Golden Celebration.” It also highlights a broader range of packaged groceries, from canned goods to meat and fish, catering to both branded and private label products. The company operates from an address in Enfield, Middlesex, and boasts a Google rating of 4.6 stars.

Financially, Golden Pride Export Ltd presents a mixed picture. While current assets have increased by 30% to £340,000, net assets have decreased by 13% to -£120,000. Bank borrowings have dropped significantly, by 100%, to zero, and cash reserves have risen by 61% to £48,000. Creditors have increased by 20% to £370,000. The company meets the criteria for a small business, with turnover under £10.2 million and assets under £5.1 million. The company has not published any commitment to U.K. effective stewardship code. The lack of an auditor is not surprising given its size and exemption status.

The company’s financial data indicates a period of growth in assets and cash, but also increased liabilities. The negative equity suggests it may be burning through money, but the increase in cash reserves offers some reassurance. The company’s reliance on a virtual address and the absence of listed owners could be a sign of a lean operation, but it's worth noting that the increase in creditors might indicate a need for better cash flow management.

Registered in England/Wales under the registration number 08709020, with a registered address at EN11 8LQ, United Kingdom, Hoddesdon, Hertfordshire, Building 1 St Cross Chambers, Upper Marsh Lane.

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