Rio Nuevo Chocolate Limited

Rio Nuevo Chocolate Ltd from Newquay UK is a small company with an active status, founded five years ago. It employs three people and holds £30,511 in assets, operating from a real address. The company has two directors and two owners, and runs an e-commerce site. It’s an irregular importer of cocoa and cocoa products, with just one month of imports recorded as of February 2021.

The company’s website highlights its commitment to ethical and sustainable chocolate production. It sources cocoa directly from farming communities in Ecuador's Amazon Rainforest and Cloud Forest, paying farmers above Fairtrade prices to support their livelihoods and protect the environment. The website showcases a range of products, including drinking chocolate, cooking chocolate, and wholesale options, catering to restaurants, bakeries, and individual consumers. It even presents at events like The Big Food Redesign Challenge.

Financially, Rio Nuevo Chocolate Ltd is showing some concerning trends. Cash reserves have fallen by 35%, dropping to £11,000, and net assets have plummeted 65%, settling at £6,300. Trade debtors have increased significantly by 23%, suggesting potential delays in customer payments. However, creditors have decreased by 11%, indicating improved debt management. 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 for flexibility, but the decline in equity is a cause for concern. The unaudited financial statements, lacking an auditor, rely on director-reported data.

The company’s focus on ethical sourcing and direct trade relationships is a strength, but the financial pressures suggest a need for careful management. Whether the company can sustain its growth while navigating these challenges remains to be seen.

Registered in England/Wales under the registration number 12442136, with a registered address at TR7 2FP, England, Newquay, Cornwall, Mor Workspace Mor Workspace, Treloggan Lane.

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