Orkla Foods Uk Plc

Orkla Foods Uk Plc is a large, active company based in West Yorkshire, UK, established 65 years ago in 1959. Despite having just six employees, it holds significant assets of £7,957,209 and generates yearly revenue of £9,147,983. The company operates from a virtual address – a point of concern as twenty-four other companies are registered at the same location – and is managed by three directors, though no owners are officially listed. It regularly imports and exports miscellaneous food products, with a long history of 207 months of imports and 21 months of exports.

The company's website, savour.flavoursorkla.com, reveals a focus on savoury flavours and ingredients. It's a B2B operation, creating bespoke flavours for food manufacturers, rather than selling directly to consumers. The website highlights its expertise in plant-based flavour solutions, seafood powders, and pulse products, operating out of a BRC AA certified factory in Bergen, Norway. It’s clear they’re targeting the industrial side of the food industry, offering solutions for a wide range of savoury food applications.

Financially, Orkla Foods Uk Plc shows a mixed picture. While turnover increased by 16% to £9,100,000, net assets have increased by 36% to £3,100,000. Bank borrowings have increased by a staggering 67% to £1,300,000, and cash reserves have fallen by 66% to just £100. Creditors have decreased by 59%, suggesting improved debt management, but the substantial increase in bank borrowings and decrease in cash reserves is a cause for concern. The company’s large asset base, however, provides a solid foundation. The lack of an auditor mentioned suggests the company is exempt from mandatory auditing, relying on unaudited statements.

The increase in administrative expenses by 8.4% may indicate investment in the business, but it’s worth monitoring to ensure it translates into improved performance. The company’s reliance on a virtual address and the absence of listed owners are also points to consider. Overall, Orkla Foods Uk Plc appears to be a well-established player in the food ingredients market, but the financial trends suggest it may be burning through cash, and it’s important to monitor its performance closely.

Registered in England/Wales under the registration number 00632439, with a registered address at WF1 1LX, West Yorkshire, 33 George Street, Wakefield.

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