Handmade Speciality Products Limited

Handmade Speciality Products Ltd from Ingatestone UK: a small company, holding company, with an active status, was founded 15 years ago. It employs 119 people and holds £3,854,898 in assets. The company operates from a virtual address, managed by two directors and one owner, and boasts a stellar 5.0 Google rating from 20 reviews. It’s a regular importer of machinery, boilers, and mechanical appliances, parts, with the last import operation made six months ago.

The company’s website reveals it’s a family-run, market-leading UK wholesale bakery manufacturer, proudly supplying the UK and European Foodservice Retail markets. It positions itself as a one-stop bakery supply partner, offering an extensive range of quality, handcrafted products, including reduced sugar, gluten-free, and vegan options. The company’s purpose-built bakery in Coventry has been home for over 30 years, growing from a small kitchen to a well-established supplier. It even has a blog, which is nice.

Financially, Handmade Speciality Products Ltd shows some interesting trends. Cash reserves have increased dramatically, up 210% to £920,000, which is good news. However, net assets have also increased, up 82% to £1,500,000. Bank borrowings decreased by 24%, down to £38,000, and trade debtors have increased by 36%, up to £2,200,000. The company’s small size—meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—helps it stay nimble, but the increase in debtors could signal a need to manage cash flow more closely. The company’s auditors are Taylor Viney & Marlow Limited, and the financial statements are unaudited, as is typical for a small company. Overall, Handmade Speciality Products Ltd appears to be doing well, but it’s important to monitor those debtors.

Registered in England/Wales under the registration number 07030982, with a registered address at CM4 9DW, Ingatestone, Essex, 46-54 High Street.

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