Miele's Gelateria Limited

Miele's Gelateria Limited is a small, family-run business based in Inverness, UK, with an active status. Founded eight years ago in 2016, the company employs forty-seven people and holds £259,025 in assets. It operates from a virtual address, registered at an address shared by twenty-four other companies, and is led by four directors and three owners. The company is a irregular importer, with its top import category being Paper and Paperboard Products, totaling one months of imports. The last import operation was conducted on January 01, 2024.

The business specializes in the manufacture of ice cream, take-away food shops, and mobile food stands, with multiple locations throughout the Highlands, including Inverness, Aviemore, and Fort Augustus. Its website showcases a passion for Italian-style gelato, made using traditional family recipes and training from world-renowned gelato chefs. The company also runs a piano restoration business, 1066 Pianos, which operates from Cambridge and even has a showroom in Harrods, London.

Financially, Miele's Gelateria Limited shows a mixed picture. Current assets increased by 14% to £260,000, while net assets rose by a significant 310% to £30,000. Bank borrowings decreased by 23% to £95,000, and cash reserves increased by 36% to £110,000. Creditors decreased by 29% to £120,000, and trade debtors decreased by 67% to £5,500. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the company’s turnover is not reported. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s employee numbers decreased by 15% to forty, which could be a result of seasonal fluctuations or restructuring. The decrease in bank borrowings suggests better debt management, while the increase in cash reserves provides a cushion for future investments. The company’s focus on family heritage and quality ingredients, combined with its multiple locations and diverse product offerings, positions it well for continued success, but the decrease in employees should be monitored.

Registered in Scotland under the registration number SC538376, with a registered address at IV2 3BW, Scotland, Inverness, C/O Saffery Torridon House, Beechwood Park.

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