My Cake Supplies Limited

My Cake Supplies Limited is a small, active company based in Harrow, UK, founded eight years ago in 2016. With three employees and £345,097 in assets, it operates an e-commerce site specializing in baking and cake decorating supplies, acting as a wholesaler under the brand CakeSupplies. The company boasts a wide selection of products from 35 top brands, including FunCakes and Wilton, catering to both hobbyists and professional bakers. It has a real registered address, but sixty-one companies are registered at the same address, suggesting a virtual address. The business is overseen by three directors and one owner, Dodhia Keval Girish.

The company's website showcases a comprehensive range of baking tools, decorating supplies, ingredients, and presentation items. It also highlights wholesale partnerships and exclusive distribution rights for several brands. The site emphasizes attractive wholesale prices, easy online ordering, and fast delivery—a key differentiator in the competitive cake decorating market. It’s got a news section too, which is a nice touch.

Financially, My Cake Supplies Limited presents a mixed picture. Current assets have decreased by 26% to £350,000, while net assets remain steady at £230,000. Trade debtors have increased significantly by 120%, which could indicate a shift in payment terms or an increase in sales on credit. Cash bank on hand has fallen by a substantial 63%, dropping to £89,000. Creditors have also decreased by 45%, suggesting improved debt management. The company’s small size (meeting two of three conditions for being a small company) allows for agility, but the drop in cash reserves warrants attention. As a small company, it's exempt from an audit, so the figures are unaudited.

Overall, My Cake Supplies Limited appears to be a thriving e-commerce business, but the decrease in cash reserves and increase in trade debtors suggest a need for careful financial management. The company’s strong brand partnerships and wide product selection position it well for continued success, but monitoring cash flow will be crucial.

Registered in England/Wales under the registration number 10278389, with a registered address at HA3 0HD, United Kingdom, Harrow, Middlesex, 195a Kenton Road.

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