Simply Oriental Foods Ltd

Simply Oriental Foods Ltd, based in London, UK, is a small, active company founded seven years ago. With 40 employees and £733,629 in assets, it operates as a solo-founder business with a real address and a Google rating of 4.0 based on 669 reviews. The company is a regular importer, specializing in cereal and milk-based food products for 73 months, with its latest import operation occurring in December 2024. It runs an e-commerce site and operates in the other retail sale of food in specialised stores industries.

The company’s website is not available for review.

Financially, Simply Oriental Foods Ltd presents a mixed picture. Accumulated depreciation on computer equipment increased by 44%, while furniture fittings saw a substantial 120% rise. Bank borrowings jumped 49%, reaching £130,000, and creditors increased by 21%, reaching £680,000. However, cash reserves grew by 28% to £86,000, and current assets saw a healthy 51% increase, reaching £1.1 million. Equity also experienced a significant boost, rising 250% to £510,000. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the increase in bank borrowings and creditors suggests it’s relying on external financing to manage its operations. The lack of an auditor mentioned likely means the accounts are unaudited.

The company's financial data suggests it’s growing, but it’s also burning through cash. It’s possible the company is investing heavily in inventory or marketing to drive sales, which could explain the increase in bank borrowings and creditors. However, the substantial growth in equity indicates that the company is still attracting investment and remains financially viable.

Registered in England/Wales under the registration number 11253143, with a registered address at W2 3RX, England, London, 8-12 Queensway.

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