Scandic Foods Limited

Scandic Foods Ltd from Newcastle Upon Tyne UK: a small company with an active status, founded 25 years ago, employs five people, and holds £981,747 in assets. It operates from a virtual address – a point of note as eighteen companies are registered at the same location – and is overseen by four directors and two owners. The company regularly imports meat, fish, and seafood preparations, with a history of 38 months of imports, the last in March 2025.

The company’s website paints a picture of a frozen food supplier specializing in high-quality ingredients for the UK food industry. For over fifteen years, Scandic Foods has served customers ranging from major supermarkets and foodservice companies to entertainment businesses. They supply a wide range of products, including cooked and raw fish, cooked poultry, and bakery goods, catering to hotels, pub groups, and cinemas. The company’s website encourages direct contact via phone or email, emphasizing a commitment to customer service. It’s clear that Scandic Foods operates as a B2B supplier, not a direct-to-consumer retailer.

Financially, Scandic Foods Ltd presents a mixed picture. Current assets have increased by 12% to £980,000, a positive sign. However, net assets have fallen by 2.2% to £510,000, and cash reserves have declined by 36% to £320,000. Bank borrowings have decreased, and creditors have increased significantly, suggesting a reliance on trade credit. The company’s small size (meeting two of three conditions for being a small company) allows for agility, but the decline in equity warrants closer attention. The company is exempt from an audit, so the financial statements are unaudited.

Overall, Scandic Foods Ltd appears to be navigating a period of change. While asset growth is encouraging, the decrease in cash reserves and the increase in creditors suggest the company is burning through money. The lack of an auditor makes it difficult to fully assess the company's financial health, but it’s clear that Scandic Foods Ltd is not a startup experiencing initial turbulence, but rather a more established business facing ongoing challenges.

Registered in England/Wales under the registration number 03791996, with a registered address at NE2 1TJ, Newcastle Upon Tyne, Fernwood House Fernwood Road, Jesmond.

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