London Fresh Market Ltd

London Fresh Market Ltd, based in Wembley, UK, is a small, active company founded just three years ago in 2021. It’s a solo-founded operation with one director and owner, Augustine Priya, holding £74,522 in assets and operating from a real address. The company specializes in retail sale of fruit and vegetables, meat and meat products, and also offers online ordering.

The company’s website, WholeFoodsMarket.co.uk, showcases a premium grocery experience. The focus is on fresh, high-quality produce and ingredients, with a particular emphasis on exclusive products and local brands. They also partner with Deliveroo for fast delivery and highlight seasonal deals and new arrivals. It’s clear they’re aiming for a sophisticated customer base, with a focus on quality over price.

Financially, London Fresh Market Ltd presents a mixed picture. While current assets increased significantly by 210% to £75,000, bank borrowings also jumped, reaching £10,000 after just one year. Cash reserves have decreased by 95%, leaving only £630. Creditors have increased by 340% within a year, reaching £49,000, and trade debtors have risen dramatically by 640%, suggesting a reliance on customer payments. Despite this, retained earnings have improved by 99%. 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 increase in debt and decrease in cash raises concerns. The accounts are unaudited and prepared by Taxfiler, likely due to the company’s small size.

Overall, London Fresh Market Ltd seems to be growing quickly, but it’s also burning through cash. Whether this is a sustainable model or a temporary phase remains to be seen.

Registered in England/Wales under the registration number 13704941, with a registered address at HA0 4YA, England, Wembley, Unit 4c Plaza Parade, Ealing Road.

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