Innovate Foods Limited

Innovate Foods Ltd, based in Kirkcaldy, UK, is a large, holding company with an active status, having been established 36 years ago in 1989. The company employs 101 people and holds assets valued at £9,803,500, generating a yearly revenue of £24,323,529. With six directors and one owner, it maintains a Google rating of 4.0 based on 27 reviews. It regularly imports cereal and milk-based food products (31 months) and exports miscellaneous food products (16 months).

The company operates in the food processing and prepared meals industries, serving both foodservice and retail sectors. It’s a bespoke food producer, with a history of ambition and growth, now part of the Frostkrone Food Group, benefiting from an expanded international presence. Today, Innovate Foods generates £20 million in turnover, distributing its products across Europe, Asia, and the Middle East, producing over 4 million kilos annually from its Fife factory. It supplies well-known high street names, both retail and foodservice.

Financially, Innovate Foods Ltd presents a mixed picture. Current assets have decreased by 21%, falling to £9.8 million, while net assets increased by 29%, reaching £8.1 million. Cash reserves have increased by 64%, to £610,000, a positive sign. However, bank borrowings have decreased by 97%, to £15,000. Trade creditors have decreased by 56%, suggesting improved debt management. The company’s size (meeting two of three criteria for a large company) indicates a stable, established business. The lack of a mentioned auditor suggests that the financial statements are unaudited.

The company’s continued growth in retail, alongside support for foodservice partners, suggests a strategic focus on adapting to market challenges. The increased investment at the facility, combined with plans for further expansion, indicates a commitment to long-term growth.

Registered in Scotland under the registration number SC116286, with a registered address at KY1 2YG, Scotland, Kirkcaldy, Fife, Barncraig Boreland Road, Dysart.

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