Prime Source Foods Ltd

Prime Source Foods Ltd, based in London, UK, is a small, active company founded seven years ago. It operates with a single employee and holds £1,160,410 in assets, using a virtual address. The company is led by a solo founder and has one director and owner, Ongel Ali. It’s a regular importer, specializing in prepared or preserved plant-based foods, with 108 months of import activity recorded, the last in February 2025.

The company’s website highlights its role as a trusted partner in the food supply for 15 years, supplying retailers, restaurant chains, and wholesalers across the UK. Prime Source Foods specializes in canned vegetables, emphasizing quality and BRC accreditation. The website details a range of vegetable products—capers, jalapeño peppers, gherkins, olives, sundried tomatoes, and semidried tomatoes—available in various processing, packaging, and sizes. It also emphasizes quality assurance, supplier audits, and a robust quality management system.

Financially, Prime Source Foods Ltd presents a mixed picture. Cash bank on hand has impressively increased by 700%, reaching £490,000, while current assets have more than doubled to £1.2 million. However, trade debtors have decreased by 9%, and creditors have risen by 69%, suggesting a possible strain on working capital. Equity has increased by 140%, indicating retained earnings growth, but other debt increased significantly. The company meets the criteria for a small business—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and is likely exempt from an audit. Despite the growth in assets, the increase in creditors and the decrease in debtors could indicate challenges in managing cash flow. The company's financial statements are unaudited.

Registered in England/Wales under the registration number 11126098, with a registered address at EC2A 4NE, United Kingdom, London, 3rd Floor 86-90 Paul Street.

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