Riva Foods Limited

Riva Foods Limited, based in Kingston Upon Hull, UK, is a large holding company with an active status. Established sixteen years ago, the company employs sixty-five people and holds assets worth £2,579,914. With a yearly revenue of £11,331,557, it operates a real address and is overseen by six directors and three owners. The company also runs an e-commerce site and boasts a Google rating of 14 reviews. It regularly imports essential oils and perfumes (for sixteen months) and exports cereal and milk-based food products (for forty-one months).

Riva Foods specializes in garlic bread and spread manufacturing, catering to pizza chains, wholesalers, pubs, restaurants, and school or factory kitchens. Their website highlights a range of products, including spreads, butter portions, dipping pots, and topped breads, emphasizing a reputation built on taste and family values. The company's in-house development team focuses on creating new and unique products, and their quality assurance team ensures food safety standards are maintained.

Financially, Riva Foods presents a mixed picture. While administrative expenses increased by a significant 29%, indicating investment in operations, cash bank on hand decreased by 62% to £24,000. Bank borrowings have completely vanished, a positive sign, but accrued liabilities decreased by 6% to £380,000. Despite a drop in average employees to sixty-two, turnover increased by 8.5% to £11 million. The company's net assets grew by 48% to £2 million, and creditors decreased by 18%. The company's auditor is Try Lunn & Co.

These trends suggest that Riva Foods is experiencing growth in sales but needs to manage its cash flow more effectively. The company's focus on product development and quality assurance may be driving sales, but the decrease in cash reserves warrants attention. The absence of bank borrowings is a positive, indicating reduced debt, but the decline in cash reserves could be a concern.

Registered in England/Wales under the registration number 06798694, with a registered address at HU7 0XQ, Kingston Upon Hull, East Yorkshire, 32 Copenhagen Road, Sutton Fields Indusrial Estate.

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