Spanish Food Solutions Limited

Spanish Food Solutions Ltd, based in Leamington Spa, UK, is a small, active company founded 18 years ago. Despite its longevity, the business is currently facing some financial challenges, with overdue accounts and confirmation statements. The company employs four people and holds £37,764 in assets, operating from a virtual address shared by numerous other businesses. It’s led by a single director and two owners, with the business originating from a solo founder. Regular imports of miscellaneous food products have been recorded over the past four months.

The company’s website reveals a more extensive operation than initially apparent. Spanish Food Solutions operates a frozen food business in the United States, with a focus on private label marketing, sales, research, development, and import/export services. The website highlights a timeline dating back to 2004, emphasizing a commitment to quality, innovation, and strong relationships with manufacturers and clients. A physical address in Great Neck, NY, is provided, along with contact information and a Wix-created website. The company also offers nutritional highlights and certifications, catering to a B2B audience.

Financially, Spanish Food Solutions Ltd presents a mixed picture. While cash bank on hand increased by a substantial 65%, net assets declined by 11% to -£110,000. Bank borrowings have increased significantly, with overdrafts rising by 18% and non-financial instruments increasing by 4000%. Current assets have improved by 81%, but trade debtors have decreased by 14%. A notable increase in total inventories by 340% suggests a build-up of stock, which could be a sign of slowing sales or supply chain issues. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the negative equity and rising debt are concerning. As a small company, it is exempt from an audit, so the figures are unaudited.

Registered in England/Wales under the registration number 05854885, with a registered address at CV32 4EA, Leamington Spa, Warwickshire, Fulford House, Newbold Terrace.

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