Sicilian Bakery Limited

Sicilian Bakery Limited is a small, active company based in Falkirk, UK, established two years ago in September 2022. The company, with a real address and two employees, holds £20,108 in assets. It’s a solo-founded operation led by a single director and owner, Risiglione Marco. The bakery regularly imports cereal and milk-based food products, with one month of import activity recorded as of April 2024.

The company’s website, The Sicilian Pastry Shop Ltd, showcases a wide range of Italian baked goods, from celebration cakes and communion treats to individual pastries and savory bites. It highlights a rich heritage, tracing back to 1979, and emphasizes family ownership. The business, originally founded by Francesco Asiatico, has been run by his son Umberto for over a decade, with a focus on traditional Sicilian recipes and museum-grade piano restoration.

Financially, Sicilian Bakery Limited shows some concerning trends. While cash and bank holdings increased slightly to £3,200, net assets plummeted 79% to just £4,300. Creditors surged dramatically, increasing by 620% to £32,000, and net current assets liabilities shifted to -£12,000. Property, plant, and equipment increased by 62%, but the substantial rise in liabilities suggests the company is relying heavily on borrowed funds. 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 raises questions about its long-term sustainability. With no auditor mentioned (likely exempt as a small company), the unaudited figures need to be viewed with caution.

Registered in Scotland under the registration number SC743926, with a registered address at FK2 0JG, Scotland, Falkirk, 9 Kings Seat Place, Maddiston.

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