Kwan Yick (u.k.) Limited

Kwan Yick Uk Ltd, based in Newport, UK, is a holding company with an active status, celebrating 37 years since its founding in 1987. Employing 79 people, the company operates from a real address and is managed by three directors and one owner. It runs an e-commerce site and maintains a Google rating of 4.0 based on eight reviews. The company regularly imports prepared or preserved plant-based foods (357 months) and exports paper and paperboard products (67 months).

The company's website, Kwan Yick Wholesale, presents itself as a supplier of Asian food since 1982. It offers a wide range of products, including rice, oils, canned goods, noodles, sauces, and packaging, catering to both wholesale and business customers. The site emphasizes its commitment to bringing genuine Asian cuisine to the UK market and providing personalized service. It even has a "Lee Kum Kee Products" section, highlighting a partnership with a well-known brand.

Financially, Kwan Yick Uk Ltd shows a mixed picture. Accrued liabilities increased by 9.1% to £1.8 million, while property, plant, and equipment gross cost increased significantly by 9000% to £7.2 million. Staff costs increased by 8.8% to £3.4 million. However, cash reserves fell by 51% to £2.8 million, and net assets declined by 14% to £19 million. Bank borrowings surged by a staggering 2,400%, reaching £3.7 million. Despite these challenges, creditors decreased by 18%, suggesting improved debt management. The company's auditor is Kilsby & Williams LLP.

It seems that the company is experiencing some financial strain, possibly due to increased borrowing and declining cash reserves. However, the growth in staff costs and property assets indicates expansion and investment. The company's long history and established e-commerce presence suggest a resilient business model, but it will need to carefully manage its finances to ensure long-term success.

Registered in England/Wales under the registration number 02166876, with a registered address at NP19 4PW, Newport, Gwent, Unit B New Venture Buildings Caswell Way, Reevesland Industrial Estate.

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