New Century Foods Limited

New Century Foods Ltd, based in Scunthorpe, UK, is a large company operating as a holding entity with an active status. Established 24 years ago in 2001, it employs 134 people and holds assets worth £6,664,453. The company generates yearly revenue of £32,494,499, and has five directors and one owner. It boasts a Google rating of 4.0 based on 35 reviews. New Century Foods regularly imports meat and edible meat offal (53 months) and occasionally exports meat, fish, and seafood preparations (2 months).

The company’s website highlights its specialization in bacon curing and wholesale, with roots tracing back to 1981. It serves large supermarket chains, respected wholesalers, butchers, and caterers, emphasizing teamwork and innovation in curing techniques. The website also showcases a separate division focused on high-end piano restoration, operating from Cambridge and even featuring a showroom in Harrods—a surprising diversification from the core bacon business.

Financially, New Century Foods Ltd presents a mixed picture. While turnover remained steady at £32,494,499, net assets declined by 10% to £6,000,000. Cash reserves decreased by 30% to £2,600,000, and bank borrowings increased by 200% to £42,000. Creditors also rose by 10% to £3,800,000. The company’s large size (meeting two of three criteria for a large company) suggests a stable operation, but the drop in cash reserves could indicate tighter margins or increased investment. The company’s financial statements are unaudited, and no auditor is mentioned.

The company’s dual focus on bacon curing and piano restoration presents an interesting dynamic. While the bacon business provides a steady revenue stream, the piano division offers a higher-margin, prestige-focused opportunity. It will be interesting to see how these two seemingly disparate businesses continue to evolve and support each other.

Registered in England/Wales under the registration number 04197908, with a registered address at DN15 8QW, Scunthorpe, North Lincolnshire, 14 Ram Boulevard, Foxhills Industrial Park.

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