Margiotta Limited

Margiotta Limited, based in Newbridge, UK, is a well-established family business with a 45-year history. This large company, currently active, boasts 132 employees and holds assets worth £1,704,212, generating an annual revenue of £14,108,845. With five directors and two owners, the company operates from a real address and has a respectable Google rating of 4.0 based on 30 reviews. They regularly import cereal and milk-based food products (for 17 months) and export textile padding, felt, nonwoven fabrics, special yarns, ropes, and cables (for 32 months).

The company’s website showcases a network of food and drink shops across Scotland, ranging from Ashley Terrace to Warrender Park. They emphasize local, organic produce and even run charity shops. It seems they’re more than just a grocer, offering a curated shopping experience. The website’s repeated branding suggests a cohesive network of stores, all united under the Margiotta name.

Financially, Margiotta Limited presents a mixed picture. While current assets are stable, at £1,700,000, accrued liabilities have decreased by 38%, dropping to £160,000 within a year. Depreciation on furniture fittings increased by 18%, reaching £1,600,000, which might indicate investment in the stores. Bank borrowings, however, have increased significantly, rising by 190% to £800,000. Interestingly, dividends paid decreased by 27%, suggesting a focus on retaining earnings. The company’s size—meeting two of three conditions for being a large company—means it’s subject to more stringent reporting requirements. Charles Burrows & Co. conducted the audit, and the financial statements are prepared in accordance with UK Generally Accepted Accounting Practice.

Overall, Margiotta Limited appears to be a solid, if somewhat stretched, business. The increased borrowing might reflect expansion plans or investments in the store network. The company’s long history and family ownership suggest a commitment to quality and community—though the financial numbers warrant careful monitoring.

Registered in Scotland under the registration number SC068271, with a registered address at EH28 8PJ, Scotland, Newbridge, 1 Cliftonhall Industrial Estate, Newbridge Industrial Estate.

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