Local Honey Co Limited

Local Honey Co Limited, based in London, UK, is a small, active company founded five years ago in 2020. With just £8,129 in assets and a real address at 183 Blackstock Road, it’s a solo founder operation managed by a single director and owner, Golbas Soner. The company operates an e-commerce site and enjoys a stellar 5.0 Google rating from 14 reviews. It’s classified as a small company, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s website, Honeycomb Co. Ltd, showcases a wide range of honey varieties, from English Organic to Manuka, alongside honeycomb, preserves, marmalade, and even biscuits. It’s positioned as a purveyor of the "world’s finest varieties of honey," available for online ordering and direct delivery. The company, incorporating Pennine Bee Farms, emphasizes its 4th generation family run business established in 1947, initially packing English and Heather honey. Over the years, it has expanded to source honey from local and national beekeepers, offering gift packs and unique varieties.

Financially, Local Honey Co Limited presents a mixed picture. While cash reserves dipped slightly by 5.2% to £5,800, current assets grew by a modest 7.2% to £8,100. However, the most striking change is the surge in retained earnings and accumulated losses, jumping 390% to £3,300. Bank borrowings decreased by 31%, settling at £14,000, and creditors also fell by 31% to £14,000. Tax and social security payable increased significantly, rising 310% to £10,000. The company's small size and lack of employees (just one reported) allow for agility, but the substantial equity shift warrants attention. With no auditor mentioned, the accounts are unaudited and rely on director-reported data.

In short, Local Honey Co Limited appears to be navigating a period of change, with a focus on online sales and a growing emphasis on premium honey varieties. The company's financial health is stable, but the significant increase in retained earnings and accumulated losses suggests a need for careful management and sustained growth to ensure long-term success.

Registered in England/Wales under the registration number 12486016, with a registered address at N5 2LL, England, London, 183 Blackstock Road.

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