Goodies Foods Ltd

Goodies Foods Ltd from London UK: a small, active company founded 22 years ago, employs just three people, and holds assets of £656,392. It operates from a virtual address and is led by a solo founder and one director. The company has a Google rating of 3.0 based on ten reviews and regularly imports prepared or preserved plant-based foods – a total of 396 months of imports.

The company’s website, goodiesfood, showcases a wide range of food products from various brands, including ABIDO, AL BARAKA, and CHEETOZ. It appears to operate primarily as a wholesale distributor, offering a diverse catalog of canned goods, dairy products, oils, and more. The site highlights competitive pricing and offers a downloadable catalog for potential customers. A section titled "Our History" explains the company's mission to provide information and facilitate business relationships, specializing in sourcing products from various countries and supplying to different retail sectors, including independent retailers, wholesale operators, and even multiple retailers across Europe. The website also features a countdown timer for new products, and a section for new products.

Financially, Goodies Foods Ltd presents a mixed picture. Current assets have decreased by 30%, falling to £660,000, while net assets have plummeted 49%, settling at £190,000. Bank cash reserves have also taken a hit, declining by 83% to just £43,000. Creditors have remained relatively stable, but trade debtors have fallen by 10%, suggesting a bit of a squeeze. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the significant drop in equity raises concerns. The accounts are abridged and unaudited, and no auditor is mentioned, relying on director-reported data.

Overall, Goodies Foods Ltd appears to be navigating a challenging period. While its product range and wholesale operations seem active, the financial data suggests the company is burning through cash. It’s unclear if this is a temporary setback or a longer-term trend, but the company’s future hinges on its ability to manage its finances and maintain its customer base.

Registered in England/Wales under the registration number 04732590, with a registered address at W3 0TJ, England, London, Unit 1 Concord Business Centre, Concord Road.

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