Kanegrade Limited

Kanegrade Ltd from Stevenage UK is a small holding company with an active status, established 44 years ago in 1980. The company employs 28 people and holds assets totaling £3,953,051. It has a real address, is overseen by two directors, and is owned by one individual. Kanegrade Ltd regularly imports and exports prepared or preserved plant-based foods, with 194 months of import activity and 357 months of export activity recorded.

The company operates in the manufacture of other food products, wholesale of food, and wholesale of intermediate products. Its website, Kanegrade, showcases a diverse range of food ingredients and services, catering to both retail and industrial clients. While the site doesn’s explicitly state it’s an e-commerce platform, the product listings and contact forms suggest direct sales capabilities.

Financially, Kanegrade Ltd presents a mixed picture. Current assets have decreased by 7% to £4,000,000, while net current assets have also declined by 2.4% to £3,200,000. Cash bank on hand has seen a significant drop of 37% to £1,200,000. Trade debtors have decreased by 13% to £1,100,000, and creditors have fallen by 23% to £720,000. However, bank borrowings have increased, and total inventories have jumped 57% to £1,600,000. 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 decline in cash reserves warrants attention. The company is exempt from an audit, so the figures are unaudited.

The increased inventories suggest a possible build-up of stock, perhaps due to supply chain disruptions or shifts in demand. The drop in cash, while concerning, could be a result of increased investment in the business or managing operational costs. The company’s long history and established import/export operations point to a resilient business model, but careful management of its finances will be crucial for sustained growth.

Registered in England/Wales under the registration number 01521414, with a registered address at SG1 2DF, England, Stevenage, Ingredients House, Caxton Way.

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