Growing Wild Limited

Growing Wild Limited is a small, family-run business based in Downham Market, UK, with an active status. Founded seventeen years ago in 2008, the company employs five people and holds £608,208 in assets. It operates from a virtual address – registered at 23 London Road, where forty-three other companies are also registered – and is overseen by two directors and two owners. The business regularly imports oil seeds and fruits used for oil, with the last import operation taking place four months ago in October 2023.

The company’s core business involves growing of vegetables and melons, roots and tubers, as well as importing raw materials for these products. It seems to be a small-scale operation, meeting two of three criteria to be classified as small: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company’s website is not available, so it’s difficult to assess its online presence or e-commerce activities.

Financially, Growing Wild Limited shows a mixed picture. Current assets have decreased by 15% to £610,000, while net assets have fallen 18% to £420,000. Cash reserves have seen a significant drop of 54%, plummeting to £240,000. Trade debtors have increased substantially by 97%, reaching £360,000, suggesting a possible reliance on customer payments. Creditors have also risen, increasing by 1.2% to £410,000. The company’s bank borrowings have increased by 2,400%, reaching £29,000. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

The company’s equity has decreased by 18%, which is a worrying sign. While the business is active and importing regularly, the declining cash reserves and rising debts indicate a need for careful financial management. The family ownership structure likely provides stability, but the company needs to address its financial pressures to ensure long-term sustainability.

Registered in England/Wales under the registration number 06524534, with a registered address at PE38 9BJ, Downham Market, Norfolk, 23 London Road.

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