Jay's Food Limited

Jay S Food Ltd, based in Palmers Green, UK, is a small, active company founded six years ago. Employing ten people, the business holds £559,625 in assets and operates from a virtual address, a detail that’s a little odd given that 114 other companies are registered at the same location. The company is run by three directors and three owners, and it’s described as a family business with a solid 4.0 Google rating from 19 reviews. They’re regular importers, bringing in cereal and milk-based food products for eight months, with their last import operation recorded in March 2022.

The company’s website is non-existent, so it's difficult to determine if they have an e-commerce presence or operate solely as a wholesaler. It appears they operate within the non-specialised wholesale of food, beverages and tobacco industries.

Financially, Jay S Food Ltd presents a mixed picture. Current assets have increased by 13% to £560,000, and net assets have jumped a substantial 70% to £190,000. Bank borrowings have decreased by 30% to £23,000, and cash reserves have seen a healthy 110% increase to £120,000. However, creditors have risen by 22% to £460,000, and trade debtors have increased by 9.1% to £160,000. The company's small size—meeting two of three conditions to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees)—allows for flexibility, but the rise in creditors warrants a closer look. There's no auditor mentioned, which is typical for a small, exempt company.

The increase in assets and cash reserves is a positive sign, suggesting growth and improved liquidity. However, the rising debt levels could be a cause for concern if not managed carefully. It's possible the company is investing in inventory to meet growing demand, or perhaps they're taking on more credit to expand their operations. The fact that the company has been importing regularly suggests they are actively sourcing products and seeking new markets, which is a good sign for long-term sustainability.

Registered in England/Wales under the registration number 11838275, with a registered address at N13 4XS, England, Palmers Green, London, 293 Green Lanes.

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