New Fresh Veg Limited

New Fresh Veg Limited, based in Birmingham, UK, is a small, active company founded nine years ago. With eleven employees and £504,083 in assets, it’s a modest operation led by two directors and a single owner. The company boasts a perfect 5.0 Google rating based on two reviews, and regularly imports edible vegetables and roots – a consistent 10 months of import activity were recorded, the latest in November 2023.

The company operates within the wholesale of fruit and vegetables industries, and its website, while not currently active, suggests a focus on supplying fresh produce to retailers and food service providers. It's a real address, with only one other company registered at the same location.

Financially, New Fresh Veg Limited shows a mixed picture. Cash bank on hand increased significantly by 75%, rising to £300,000, and current assets also grew by 49%, reaching £500,000. However, net assets only increased by 24%, settling at £110,000, and retained earnings only grew by 24%. Trade debtors increased by 6.8%, reaching £150,000, while creditors increased by 39%, reaching £390,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in creditors suggests a need to manage cash flow more closely. There’s no auditor mentioned, which is typical for a small, exempt company.

The significant increase in total inventories by 89% to £61,000 could indicate a strategic move to secure supply or a potential challenge in managing stock levels. The company’s growth in assets and cash is encouraging, but the rising creditors and relatively modest growth in equity suggest it's burning through money, though not excessively.

Registered in England/Wales under the registration number 09803650, with a registered address at B6 7EU, England, Birmingham, West Midlands, Unit 26 The Hub, Nobel Way.

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