Hass Foods Ltd

Hass Foods Ltd from Barnet UK: a small, active company founded 15 years ago, employs 14 people, and holds £129,445 in assets. It's a family business with three directors and two owners, boasting a respectable Google rating of 4.0 based on four reviews. The company regularly imports plastics and plastic products, with its last import operation recorded 15 months ago in September 2021.

The company’s website highlights its specialization in Cyprus-style cheese dairy products, particularly halloumi. Operating under the name "Hass Foods Gonendere Hellimleri," it positions itself as a top local supplier, emphasizing fair prices and quality. The website details its history, dating back to 2009, and showcases its retail presence, including a showroom and online sales. It also offers a range of services, including piano restoration.

A review of Hass Foods Ltd’s financial data reveals some concerning trends. Accumulated depreciation for property, plant, and equipment has increased, with the largest increases seen in leased assets and motor vehicles. The number of employees has significantly decreased from 14 to 9, a 36% drop. Bank borrowings have surged by 63%, reaching £46,000, while cash reserves have increased by 45% to £53,000. Creditors have also increased by 35%, reaching £220,000. Equity has declined by 34%, dropping to £55,000. The company’s small size—meeting two of three conditions for a small company—helps it remain flexible, but the decline in equity and increase in debt are points to watch. The company is exempt from an audit, so the financial statements are unaudited.

Overall, Hass Foods Ltd appears to be navigating a period of change. While the company maintains a strong online presence and positive customer reviews, the financial data suggests it’s burning through money and needs to manage its debts.

Registered in England/Wales under the registration number 07110875, with a registered address at EN5 4RA, England, Barnet, Hertfordshire, Foldfarm, Galley Lane.

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