Simply Doughnuts Ltd

Simply Doughnuts Ltd, based in Blackburn, UK, is a small, family-run business with an active status. Founded thirteen years ago in 2012, the company employs twenty-six people and holds £607,753 in assets. It operates from a real address and is led by one director and two owners. The company boasts a stellar 5.0 Google rating based on twenty-nine reviews. They are an irregular importer, primarily dealing in plastics and plastic products, with just one month of import activity recorded as of August 2022.

The company’s website showcases a vibrant brand focused on extended-shelflife doughnuts. They emphasize innovation, great taste, and award-winning products, catering to both retail and party markets. The site highlights sustainability initiatives, case studies, and even a timeline of the company’s achievements. They also have a European office in Dublin. Their website is a good indication of a company that’s focused on quality and brand image.

Financially, Simply Doughnuts Ltd presents a mixed picture. Current assets decreased by 8.4% to £610,000, while net assets increased by a significant 41% to £520,000. Bank borrowings decreased by 54%, a positive sign, and cash reserves jumped 1100% to £200,000. Trade debtors decreased by 16%, suggesting improved collection practices. The company meets the criteria for a small company—with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. Despite the growth in net assets, the decrease in current assets could indicate a reliance on longer-term contracts. With no auditor mentioned, the figures are unaudited.

Overall, Simply Doughnuts Ltd seems to be in a relatively healthy position, benefiting from a strong brand and positive customer reviews. The increase in net assets suggests growing profitability, but the decrease in current assets warrants further observation. The company’s focus on innovation and sustainability positions it well for continued success in the competitive doughnut market.

Registered in England/Wales under the registration number 08053274, with a registered address at BB1 3AE, Blackburn, Lancashire, 6 Ordnance Street, Furthergate Industrial Estate.

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