Paul Rhodes Bakery Ltd

Paul Rhodes Bakery Ltd, based in London UK, is a holding company with an active status, celebrating 22 years in business. Employing 154 people, the company boasts assets of £2,536,966 and operates from a real address in Greenwich. With one director and one owner (though the list of owners changed nine years ago), the bakery enjoys a 4.0-star Google rating from 757 reviews. It’s an irregular importer, primarily sourcing machinery, boilers, and mechanical appliances, with the last import operation occurring two months ago in September 2023.

The bakery’s website highlights its commitment to handcrafted bread, serving London's chefs with high-quality ingredients. It emphasizes traditional methods and expertise, offering a range of products and even a trade account option. Paul Rhodes Bakery operates two locations: a bakery in Greenwich and a shop in King William Walk, London. The site also features a privacy policy, login options, and social media links.

Financially, Paul Rhodes Bakery Ltd presents a mixed picture. While current assets increased by 8.6% to £2,500,000, net assets dropped significantly by 13% to £580,000. Bank borrowings decreased by 35% to £360,000, and cash reserves grew by 31% to £270,000—a positive sign. However, staff costs increased by 19% to £6,100,000, and net losses deepened. Trade debtors increased by 20%, suggesting a reliance on customer payments. The company’s property, plant, and equipment decreased by 42% to £190,000. The company is audited by KLSA LLP.

The company's focus on traditional baking methods and a strong customer base suggests a commitment to quality. However, the increased staff costs and deeper net losses indicate potential financial pressures. The decrease in property, plant, and equipment may reflect investments in new technology or a shift in operational strategy.

Registered in England/Wales under the registration number 04645254, with a registered address at SE10 9PJ, London, Lassell Street, Greenwich.

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