Hungarian Delicatessen Ltd

Hungarian Delicatessen Ltd from London UK: a small company with an active status, was founded fifteen years ago and employs just one person. Its assets total £37,463, and it generates £124,247 in yearly revenue, operating from a real address. Two directors and one owner—a solo founder—manage the business, which also runs an e-commerce site. The company regularly imports prepared or preserved plant-based foods, with seven months of import activity recorded.

The company’s website, Magyarok Boltja, functions as an online grocery store specializing in Hungarian food and beverage selections. It offers a wide range of products, including basic foods, baked goods, sweets, frozen items, health products, and drinks, catering to both everyday needs and special occasions. The site even has a section for gifts and a dedicated area for products free from gluten, sugar, and dairy—appealing to a health-conscious customer base. The website also advertises delivery via DHL, with a minimum order value of £7.00.

Financially, Hungarian Delicatessen Ltd shows some concerning trends. Current assets decreased by 19% to £37,000, while net assets remained at £100. Bank borrowings decreased by 29% to £24,000, and cash reserves declined by 15% to £30,000. Creditors also decreased by 29% to £24,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain nimble, but the decline in assets and the lack of profit raises questions. The company is exempt from an audit, so the figures are unaudited.

The decrease in debtors by 31% suggests better debt management, but the slight decrease in operating profit loss and turnover revenue, despite a 23% increase, indicates that the company is struggling to convert sales into profit. It’s a small operation, and it’s clear that the business is working hard to maintain its position in a competitive market.

Registered in England/Wales under the registration number 07017042, with a registered address at SW19 1LH, England, London, 177 Kingston Road.

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