Passion Bakery Ltd

Passion Bakery Ltd, based in Beckenham, UK, is a small, active company founded eight years ago. Employing twelve people and holding assets of £282,959, it’s a family-run operation with two directors and two owners. The company boasts a Google rating of 3.0 based on five reviews and regularly imports machinery, boilers, and mechanical appliances, with its last import activity occurring in September 2024.

The bakery operates within the manufacture of bread, fresh pastry goods, and cakes industries. Its website is non-existent, so it’s unclear if they operate an e-commerce platform or solely rely on wholesale or local sales.

Financially, Passion Bakery Ltd shows a mixed picture. Current assets have declined significantly, dropping 29% to £280,000. Bank borrowings have decreased by 11%, reaching £65,000, and cash reserves have increased by 32%, reaching £130,000. However, net assets have plummeted 71%, falling to just £830. Trade debtors have decreased significantly, by 57%, and creditors have increased by 5%. The company meets the criteria for a small company, with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees.

The sharp decline in equity is a concern, suggesting potential cash flow issues or increased expenses. It's possible the company has invested heavily in equipment or raw materials, but the lack of detail in the unaudited accounts makes it difficult to determine the exact cause. The absence of an auditor, common for small companies, means these figures are self-reported and lack independent verification. It's a bit worrying, but the increase in cash reserves suggests they're managing to generate some income.

Registered in England/Wales under the registration number 10214415, with a registered address at BR3 1QZ, England, Beckenham, Unit 7 Gardner Industrial Estate, Kent House Lane.

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