Magaza Balkan Food Ltd

Magaza Balkan Food Ltd from London UK: a small, active company established twelve years ago, employs eighteen people, and holds assets of £120,863. With two directors and one owner, the company operates from a real address in Shepherds Bush. It’s an irregular importer, with its top import category being Drinks, Alcohol, and Vinegar, totaling one month of imports, the last operation conducted on February 01, 2018. The company operates in the other retail sale in non-specialised stores industries.

The company’s website is not available, making it difficult to determine if it operates an e-commerce platform or relies solely on wholesale distribution. Without a website presence, it's hard to gauge the company's marketing efforts or direct customer engagement.

Financially, Magaza Balkan Food Ltd presents a mixed picture. Current assets have decreased by 4%, dropping to £120,000. Net assets, however, have increased by 22%, reaching £60,000—a positive sign. Cash on hand has risen by 10%, to £43,000, while trade debtors have fallen by 8%, to £62,000. Creditors have also decreased by 26%, to £27,000, suggesting improved debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the decrease in average number of employees from eighteen to thirteen—a 28% drop—is a concern. There is no auditor mentioned, likely due to the company's small size and exemption from an audit. The accounts are unaudited.

Despite the decrease in employees, the company’s improved net assets and cash position indicate a degree of financial stability. However, the reduction in workforce could signal operational challenges or a shift in business strategy. It is possible that the company is streamlining its operations to improve efficiency, or perhaps it is facing difficulties in recruiting and retaining staff.

Registered in England/Wales under the registration number 08259793, with a registered address at W12 8LE, London, 32 Woodstock Grove, Shepherds Bush.

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