Penny Lane Foods Limited

Penny Lane Foods Limited, based in Bridgwater, UK, is a large company holding a significant position in the frozen food sector. Established 40 years ago in 1985, it employs 65 people and boasts assets of £3,301,786, with an annual revenue of £12,730,118. The company, with four directors and one owner, operates an e-commerce site and maintains a 5.0 Google rating based on eight reviews. It regularly imports meat and edible meat offal (6 months imported) and occasionally exports meat, fish, and seafood preparations (2 months exported).

The business focuses on manufacturing frozen food products, primarily burgers and sausages, for the food service sector. Its website details a wide range of products, including meatballs, sausage rolls, pasties, and pies, catering to both commercial and public customers. Food to Home operates from two factories in Bridgwater and Newton Abbot, offering delivery options and click-and-collect services.

Financially, Penny Lane Foods Limited demonstrates a mixed picture. While turnover remained stable, several key indicators reveal potential pressures. Cash bank on hand decreased significantly by 55%, dropping to £170,000. Bank borrowings also declined, but the decrease was not substantial. Creditors increased by 20%, suggesting a reliance on trade credit. However, deferred income saw a substantial decrease of 40%, which could indicate a change in sales patterns or delayed payments. The company’s large size (meeting two of three criteria for turnover over £36 million, balance sheet over £18 million, and employees over 250) means it is subject to more rigorous reporting requirements. The company’s auditor, Aspen Waite Limited, has reported that the financial statements give a true and fair view.

Overall, Penny Lane Foods Limited appears to be navigating a challenging economic environment. The company's established brand and diverse product range provide a solid foundation, but ongoing financial scrutiny is warranted.

Registered in England/Wales under the registration number 01877588, with a registered address at TA6 5NA, Bridgwater, Somerset, Units 1a- 1e Yeo Road, Colley Lane Industrial Estate.

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