Life Source Supplements Limited

Life Source Supplements Ltd, based in North Yorkshire, UK, is a small, active company with a rich history, having been founded 53 years ago in 1971. With 22 employees and £4,546,726 in assets, it's a well-established player in its field. The company has a real address and is overseen by two directors and a single owner, who is also the solo founder. It boasts an impressive Google rating of 5.0 based on one review. The company regularly imports organic chemicals (135 months) and exports them as well (8 months).

The company specializes in private label and contract manufacturing of vitamins, minerals, and supplements. Its website highlights a long history of working with clients to create custom formulations, offering a full-service approach that includes planning, formulation, production, labeling, packaging, and distribution. It caters to many of the UK’s leading brands. The company operates from a large manufacturing site and prides itself on being market leaders in the field.

Financially, Life Source Supplements Ltd appears to be in a decent position, although there are some trends to note. Cash reserves have grown significantly, jumping 62% to £2,500,000, which is a positive sign. However, creditors have risen sharply, increasing by 220% to £2,200,000, which could indicate increased borrowing or extended payment terms. Trade debtors have also increased by 99%, suggesting that customers are taking longer to pay. On the bright side, equity has remained stable, and the company’s assets are substantial. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile. The accounts are unaudited, which is typical for a small company.

The company’s growth in cash and assets suggests it’s performing well, but the increase in creditors and debtors warrants a closer look. The company's focus on contract manufacturing and private labeling seems to be a successful strategy, and its long-standing presence in the market indicates a strong reputation.

Registered in England/Wales under the registration number 01010452, with a registered address at HG1 5PD, North Yorkshire, 15-17 North Park Road, Harrogate.

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