Korean Taste Limited

Korean Taste Limited, based in Loughton, UK, is a small, active company founded two years ago. Despite a 4.0 Google rating from 1448 reviews, the company's confirmation statement is overdue by two months, and it operates from a virtual address shared by thirteen other companies. It's a solo-founder operation with one director and owner, Avadanii Dumitru.

The company’s website, Korea Foods Europe, positions itself as Europe’s leading importer of Korean food, offering a vast selection of products—from ready-to-eat meals and canned goods to alcohol and kitchenware—catering to both wholesale and retail customers. It's clearly an e-commerce operation, with a user-friendly website and a focus on online sales. They also work with leading Korean brands and have a partnership page.

Financially, Korean Taste Limited shows a mixed picture. While net assets remain stable at £100,000, retained earnings have dipped to -£400, suggesting the company is operating at a loss. Cash reserves are low, and bank borrowings are present, though not excessive. Trade debtors are significant at £100,000, which could indicate challenges in collecting payments. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the negative retained earnings are a concern. With no auditor mentioned, the unaudited figures rely on director-reported data.

Overall, Korean Taste Limited seems to be a small, online retailer facing typical startup challenges. It’s got a good reputation with customers, but needs to focus on improving its profitability to ensure long-term sustainability.

Registered in England/Wales under the registration number 14596512, with a registered address at IG10 4BN, England, Loughton, Suite 1 Chantal House, 13-17 High Beech Road.

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