Iberica Ltd

Iberica Ltd from Henfield UK: small company, active status, founded 9 years ago, 4 employees, £575,782 assets, real address, 1 director, 1 owner, solo founder, e-commerce site, google rating 4.0 based on 48 reviews. Regular importer of prepared or preserved plant-based foods (70 months imported). Iberica Ltd is a specialist importer and online retailer of Spanish food products, catering to both trade and consumer markets. The company operates an e-commerce site, Iberica Food, showcasing a wide range of products from cheeses and charcuterie to bakery goods and pantry staples. It also offers hampers and gifts, including Christmas offerings. The website highlights a focus on authentic Spanish cuisine and provides recipes to inspire customers.

The business is a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. It’s been operating for nine years, and currently employs four people. The company’s assets are reported at £575,782. It has one director and owner, and the registered address is real, with only one other company registered at the same location.

Financially, Iberica Ltd shows some interesting trends. Cash bank on hand remained steady at £300,000, but bank borrowings increased significantly by 5.7% to £10,000. Creditors also rose by 9.4% to £160,000, suggesting increased reliance on trade credit. However, the company’s equity grew substantially, increasing by 33% to £430,000. The increase in debt could be linked to increased import activity, with 70 months of import operations recorded for prepared or preserved plant-based foods. The company’s debtors have increased significantly, by 380%, to £150,000. This could indicate a delay in payments from customers, or an expansion of credit terms.

The company’s financial statements are unaudited, which is typical for small companies. While the business appears to be active and well-regarded by customers (with a 4.0 Google rating), the increased debt and rising creditors suggest a need for careful financial management. The company’s solo founder is likely managing all aspects of the business, which could be both a strength (allowing for quick decision-making) and a challenge (requiring a wide range of skills).

Registered in England/Wales under the registration number 09914782, with a registered address at BN5 9BJ, England, Henfield, Unit 25, Winterpick Business Park Hurstpierpoint Road, Wineham.

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