Primo Foods Limited

Primo Foods Limited, based in Harlow, UK, is a small, active company founded six years ago in 2018. With two employees and £436,057 in assets, it operates from a real address and is managed by two directors and owners. The company regularly imports cereal and milk-based food products, with 218 months of import activity recorded, the last in February 1995.

The company’s activities appear to focus on wholesale distribution, specifically within the food and beverage sector. It handles fruit and vegetable juices, mineral water, soft drinks, sugar confectionery, coffee, tea, cocoa, spices, and even other food items like fish and crustaceans. The business seems to operate primarily as a B2B supplier rather than a direct-to-consumer retailer.

Financially, Primo Foods Limited presents a mixed picture. While current assets have increased by a substantial 98% to £440,000, net assets have dramatically improved, surging 270% to £43,000. Bank borrowings have significantly decreased by 50%, dropping to £4,600, and cash reserves have also improved, rising 40% to £2,900. Creditors have increased by 65%, reaching £390,000, and trade debtors have increased by 23%, reaching £220,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the rise in creditors suggests a possible need for careful cash flow management. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

The company's financial data indicates a period of growth and improvement, though it's important to monitor the rising debt levels. The increase in assets and cash reserves is a positive sign, suggesting increased sales and better financial control. However, the increase in creditors should be watched closely to ensure the company can meet its obligations.

Registered in England/Wales under the registration number 11708248, with a registered address at CM19 5FN, United Kingdom, Harlow, Unit 3 New Horizon Business Centre, Barrows Road.

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