Hungarian Flavors Ltd

Hungarian Flavors Ltd, based in London UK, is a small, active company established twelve years ago in 2012. With just two employees and £43,625 in assets, it’s a modest operation led by one director and two owners. It has a real registered address and a stellar 5.0 Google rating from 314 reviews. The company operates in the retail sale of food in specialised stores, and is an irregular importer, with its top import category being Meat, fish, and seafood preparations, totaling 1 months of imports, the last recorded in May 2022.

The company’s website, while not providing extensive detail, suggests a focus on Hungarian delicacies and ingredients. It’s not clear if they have a full e-commerce presence, but the branding and product selection point to a niche market catering to those seeking authentic Hungarian flavors.

Financially, Hungarian Flavors Ltd presents a mixed picture. Current assets have decreased by 4.6% to £44,000, while net assets have fallen 6.8% to £43,000. Bank borrowings have increased dramatically, surging by 31,000% to £1,500, and cash reserves have declined by 55% to £13,000. Creditors have decreased by 21%, suggesting improved debt management. 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 drop in equity is concerning. There is no auditor mentioned, which is likely due to the company’s small size and exemption from an audit.

Overall, Hungarian Flavors Ltd seems to be navigating a challenging financial environment. The company’s niche focus and positive customer reviews are encouraging, but the increased borrowing and declining cash reserves indicate a need for careful management.

Registered in England/Wales under the registration number 08171925, with a registered address at N12 0NL, England, London, 660 High Road.

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