New Golden Gate Cake Shop Limited

New Golden Gate Cake Shop Limited, based in London, UK, is a small, active company established ten years ago in 2014. With eleven employees and £122,330 in assets, it operates from a virtual address – seventy-two companies share the same location, which is a bit unusual. The business is led by two directors and a solo founder, Wong Moon Tong. It boasts a respectable 4.0 Google rating from 432 reviews, indicating generally satisfied customers. The company regularly imports plastics and plastic products, with eleven months of import activity recorded, the latest in October 2024.

The company specializes in the manufacture of bread, fresh pastry goods, and cakes, operating within the food industry. Its website isn't available to analyze, so it’s difficult to determine if it operates an e-commerce platform or relies solely on wholesale or retail partnerships.

Financially, New Golden Gate Cake Shop Limited presents a mixed picture. While cash bank on hand increased by 42% to £120,000, creditors have surged by a significant 350% to £43,000 – a concerning trend. Net assets remain steady at £84,000, and fixed assets decreased by 42% to £4,700. Despite these changes, the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible. The accounts are abridged and unaudited, and there is no auditor mentioned, which is common for small companies. The company has taken exemption under Companies Act in not publishing its own profit loss account.

Overall, New Golden Gate Cake Shop Limited appears to be navigating a period of change. The increase in creditors suggests a need to manage debt more effectively, but the healthy cash reserves offer some buffer. It's likely that the company is experiencing growing pains as it expands its operations, but its strong Google rating suggests it's maintaining customer satisfaction.

Registered in England/Wales under the registration number 09152836, with a registered address at EC1Y 8PX, England, London, 59 Banner Street.

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