Saviano Food Import Ltd

Saviano Food Import Ltd, based in Leeds, UK, is a small, active company founded thirteen years ago in 2011. With 23 employees and £1,179,262 in assets, it operates from a virtual address – seventeen companies registered at the same address – and is managed by one director and two owners. The company boasts a stellar 5.0 Google rating based on 16 reviews. Saviano Food Import Ltd is a regular importer and exporter of drinks, alcohol, and vinegar, with 181 months of import activity and three months of export activity as of March 2024.

The company’s website, Saviano Food Import, positions itself as a supplier of high-quality Italian food ingredients, particularly for businesses. It highlights relationships with reputable Italian manufacturers and offers a range of authentic products. The website also mentions a piano restoration business, 1066 Pianos, which operates from Cambridge and even has a showroom in Harrods. It’s unclear how closely the two businesses are linked, but both emphasize family ownership and British craftsmanship.

Financially, Saviano Food Import Ltd presents a mixed picture. Current assets increased by 9.3% to £1,200,000, while net assets grew by 12% to £720,000. Cash reserves increased by 8.2% to £570,000. However, bank borrowings surged by 2,400% to £29,000, and trade debtors ballooned by 110% to £210,000, suggesting potential issues with customer payments. Creditors decreased by 4.7% to £380,000, which is a positive sign. The company meets two of the three criteria for being a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), and there’s no auditor mentioned, likely due to its small size.

Overall, Saviano Food Import Ltd appears to be growing, but the increase in trade debtors and bank borrowings warrants attention. The company’s dual focus on food ingredients and piano restoration creates an interesting dynamic, and its success will likely depend on effectively managing both ventures.

Registered in England/Wales under the registration number 07752400, with a registered address at LS1 2NE, Leeds, West Yorkshire, 3 Park Square East.

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