Manchester Rusk Company Limited

Manchester Rusk Company Ltd from Manchester UK: large company, active status, founded 48 years ago, 78 employees, £3,096,033 assets, yearly revenue: £12,396,349, real address, 7 directors, 1 owner, google rating 5.0 based on 6 reviews. Regular importer of tin and products made from tin (3 months imported). Regular exporter of miscellaneous food products (12 months exported). It’s a substantial operation, classified as a large company due to meeting two of three criteria: turnover exceeding £36 million, balance sheet total over £18 million, and an average of more than 250 employees. The company, established in 1976, currently employs 73 people. Its assets are valued at £3.1 million, and it generates a yearly revenue of £12.4 million.

The company, operating from Flava House in Manchester, specializes in creating flavours and brand solutions for the food industry. Its website showcases a diverse range of services, partnering with brands, retailers, and food manufacturers. They're involved in everything from creating branded products for retail to developing innovative flavours for food service and manufacturing. Notably, they’re also involved in licensing their own brands and collaborating with well-known names like YO! Sushi and Guinness. The website highlights their expertise in bottling street food and creating liquid gold with Baileys.

Financially, the picture is mixed. While turnover remained stable, net assets took a hit, dropping 73% to £900,000. Cash reserves also declined by 58%, falling to £190,000. Bank borrowings, however, surged, increasing by 220% to £150,000. Interestingly, administrative expenses increased by 24%, suggesting rising operational costs. Despite this, creditors decreased by nearly 20%, indicating improved debt management. The company’s audit firm, Hurst Accountants Limited, signed off on the accounts. The company’s director remuneration benefits increased by 21%, which may be a reflection of the company’s growth.

Overall, Manchester Rusk Company Ltd appears to be a well-established player in the flavour and brand industry. While the decline in net assets and cash reserves warrants attention, the company’s strong brand partnerships and improved debt management suggest it’s navigating challenges effectively. The increase in director remuneration could be a sign of increased responsibilities or performance-based incentives.

Registered in England/Wales under the registration number 01277813, with a registered address at M22 4XR, Manchester, Flava House Beta Court, Harper Road Sharston.

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