Jvg Fresh Limited

Jvg Fresh Ltd from Spalding UK: a small, active company founded 11 years ago, employs 25 people, and holds £4,357,675 in assets. It’s a real address with one director and owner, a solo founder, and a respectable Google rating of 4.0 based on 15 reviews. The company regularly imports coffee, tea, mate, and spices—a consistent 63-month import history.

Jvg Fresh Ltd operates primarily as a wholesale supplier of fruit and vegetables, catering to the food service and retail sectors. While a website isn’t available for direct analysis, the company's name suggests a focus on fresh produce distribution. It's likely they supply local businesses and potentially larger supermarket chains.

Financially, Jvg Fresh Ltd presents a mixed picture. While current assets increased by 23% to £4.4 million, net assets only grew by 13% to £3.3 million. Bank borrowings increased by a significant 56%, reaching £2.2 million, and cash reserves decreased by 20% to £780,000. Creditors have also increased considerably, rising 62% to £1.1 million. Trade debtors increased by 19%, reaching £1.2 million. 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 for flexibility, but the rise in debt and decrease in cash warrants attention. There is no auditor mentioned, which is common for small companies.

The increase in debt could be due to increased purchasing to meet demand, or it could be a sign of tighter margins. The decrease in cash reserves is also concerning, but it's important to note that the company is still holding a substantial amount of cash. The company’s financial health appears to be in a transitional phase, and it will be interesting to see how it performs in the coming year.

Registered in England/Wales under the registration number 09042052, with a registered address at PE12 6BL, United Kingdom, Spalding, Lincolnshire, Clay Lake, Produce Park.

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