Silk Route Spice Company Limited

Silk Route Spice Company Ltd, based in Blackburn, UK, is a small, active company founded thirteen years ago. With three employees and £1,966,468 in assets, it operates from a virtual address – seventeen other companies are registered at the same location, which is a little unusual. The company has two directors and one owner, Soliman Adam. It’s a regular importer and exporter, dealing primarily in salt, sulphur, earths, stone, plaster, lime, and cement, with 53 months of import activity and 37 months of export activity recorded, the latest being February 2025.

The company’s website, though not directly linked to the report, suggests a wholesale business specializing in coffee, tea, cocoa, and spices. It appears to operate within the food industry, sourcing and distributing ingredients for various food manufacturers and retailers. It’s a small operation, meeting two of three conditions to be classified as such: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Looking at the financial data, there are some interesting trends. Cash reserves have dramatically fallen, dropping by 98% to just £4,600 – a significant decline. Bank borrowings, however, have surged by 110%, reaching £200,000, which could be to cover operational costs. Creditors have also increased substantially, rising by 84% to £510,000, suggesting the company is relying more on credit from suppliers. On a brighter note, debtors have increased by 12%, indicating better collection of payments from customers. The company's net assets have increased by 29%, from £1.2 million to £1.6 million.

While the company’s equity has increased, the sharp drop in cash and the rise in borrowings are concerning. It's possible the company is investing heavily in inventory or expanding its operations, but it's also possible it’s burning through cash faster than it’s generating revenue. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited, so it’s difficult to get a completely clear picture. Overall, Silk Route Spice Company Ltd seems to be navigating a period of change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 08001679, with a registered address at BB1 3NU, England, Blackburn, 12 Trident Park, Trident Way.

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