Latino Fresh Ltd

Latino Fresh Ltd from Sittingbourne UK: a small, active company founded nine years ago, is facing some financial headwinds. Despite a respectable Google rating of 4.0 based on seven reviews, the company’s accounts are overdue by a year, and confirmation is outstanding for nine months. Employing just two people, Latino Fresh Ltd holds £712,389 in assets and operates from a real address, managed by two directors and two owners. It's an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with recent import activity recorded just two months ago.

The company’s core business revolves around the wholesale of fruit and vegetables, as indicated by its registration details. It seems to have a website, but it’s currently unavailable, so it’s difficult to determine the extent of its e-commerce activities.

A closer look at the company’s financials reveals a mixed picture. While current assets increased slightly to £710,000, net assets plunged dramatically by 130%, settling at -£99,000. Bank borrowings have also increased significantly, rising by 670%, to £5,700, while cash reserves have fallen by 84%, leaving just £330. Creditors have also increased by 16%, to £770,000. The company’s small size—meeting two of three conditions for a small company—allows for agility, but the sharp decline in equity is concerning. The company’s net current assets also took a hit, dropping by 4200% to -£57,000.

It’s worth noting that the company is exempt from an audit due to its small size, so the figures are unaudited. The increase in bank borrowings and the decrease in cash reserves suggest that Latino Fresh Ltd may be burning through money, although it’s possible that these are temporary fluctuations. The increase in creditors could also indicate that the company is struggling to pay its bills on time.

Registered in England/Wales under the registration number 09700523, with a registered address at ME10 5NE, England, Sittingbourne, 4 Olivine Close.

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