Lakes Speciality Foods Limited

Lakes Speciality Foods Ltd from Kendal UK is a small holding company with an active status, founded 21 years ago. The company employs 50 people and holds £2,377,808 in assets, operating from a real address. With two directors and one owner, it maintains a perfect 5.0 Google rating based on 19 reviews and regularly imports meat and edible meat offal (59 months imported).

The company’s website reveals Lakes Speciality Foods is the Lake District’s premium meat supplier, winning multiple industry awards including "Best Sausage in Britain." It specializes in beef, lamb, pork, poultry, game, and cooked meats, catering to the catering trade. A separate app, Orderlion, facilitates online orders for trade customers, and the company also partners with The Cheese Larder, a specialist cheese supplier. The website highlights a commitment to quality and even offers a delivery area map.

Financially, Lakes Speciality Foods Ltd appears to be navigating a period of change. Current assets decreased by 6.2% to £2,400,000, while bank borrowings decreased by 36% to £96,000. Cash reserves, however, jumped a staggering 3,100% to £13,000. Creditors decreased by 15%, which is a positive sign. 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 decrease in net assets—a 21% drop to £2,200,000—raises questions. The company is exempt from an audit, so the figures are unaudited.

The company’s average number of employees increased by 2% to 51, and a significant increase in goodwill was recorded. It seems like Lakes Speciality Foods Ltd is adapting to changing market conditions, but its long-term financial health will depend on maintaining its reputation for quality and efficiently managing its costs.

Registered in England/Wales under the registration number 05075397, with a registered address at LA8 9NH, Kendal, Cumbria, 1-4 Bankside Barn Crook Road, Staveley.

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