Rascal Confectionery Limited

Rascal Confectionery Ltd from Enfield UK: a small company with an active status, was founded 57 years ago in 1967. It employs 47 people and holds assets valued at £2,949,073. The company operates from a virtual address, managed by three directors and a single owner. It regularly imports prepared or preserved plant-based foods (for 10 months) and exports cocoa and cocoa products (for a substantial 119 months).

Rascal Confectionery specializes in the manufacture of coated confectionery, particularly coated dragees. Its website highlights a commitment to high-quality products, BRCGS AA certification, and membership in the RSPO. The company’s history stretches back to 1967, and it currently operates from Silver Rose Unit 21 East Lodge Village. It’s clear that the business is focused on both traditional methods and cutting-edge production, catering to both commercial and individual customers. It’s a family-run business, and it’s clear they’re focused on quality and customer service.

However, a closer look at the financial data reveals some concerning trends. While turnover remains steady, current assets have decreased by 23%, falling to £2,900,000. Bank borrowings have increased significantly, rising by 2,400% to £29,000, and cash reserves have plummeted 30% to £780,000. Trade debtors have also increased by 7.2%, suggesting potential issues with customer payments. On a positive note, creditors have decreased by 29%, indicating improved debt management. The company’s small size (meeting two of three criteria for being a small company) helps it stay flexible, but the decline in equity raises questions about its long-term financial health. There’s no mention of an auditor, which is likely due to its status as a small company and the use of unaudited statements.

It seems Rascal Confectionery is facing some financial headwinds despite its long history and strong reputation within the confectionery industry. Whether it can maintain its position as a market leader remains to be seen, but its focus on quality and customer service should help it navigate these challenges.

Registered in England/Wales under the registration number 00916510, with a registered address at EN2 8AS, England, Enfield, Silver Rose Unit 21 East Lodge Village, East Lodge Lane.

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