New Farm Produce Limited

New Farm Produce Ltd from Cheshire UK is a small, family business with an active status, established 19 years ago. The company employs 156 people and holds £2,713,755 in assets, operating from a virtual address. It's led by three directors and owned by two individuals, with a respectable Google rating of 4.0 based on 137 reviews. The company is an irregular importer of mineral fuels, oils, and related products, with the last import operation made two months ago.

The company operates in the growing of pome fruits and stone fruits industries. Its registered address is CW5 7ED, Cheshire, 31 Wellington Road, Nantwich, but it's likely a virtual address as twenty-one companies share the same location. The company’s size is classified as small, meeting two out of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Financially, New Farm Produce Ltd presents a mixed picture. While current assets have increased by a significant 34%, reaching £2,700,000, bank borrowings have also surged by 43%, climbing to £160,000. Cash reserves have decreased by 38%, falling to £410,000. Creditors have decreased by 18%, suggesting improved debt management. The company’s net assets have increased by 35%, reaching £3,300,000, and trade debtors have increased by 98%, which could be a sign of expanding sales or delayed payments. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company.

The company’s financial statements are unaudited, and the directors acknowledge their responsibilities under the Companies Act. The increase in bank borrowings and the decrease in cash reserves, while concerning, could be due to investments in the business or seasonal fluctuations in cash flow. The company’s continued growth in assets and net assets, however, indicates a generally healthy financial position, despite the challenges.

Registered in England/Wales under the registration number 05818099, with a registered address at CW5 7ED, Cheshire, 31 Wellington Road, Nantwich.

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