Speciality Breads Limited

Speciality Breads Ltd from Worthing UK: a large company, active status, founded 29 years ago, employs 135 people, and holds £6,059,474 in assets. It operates from a virtual address – a bit unusual, as 189 companies are registered at the same location – and is led by three directors and a solo founder. The company enjoys a stellar 5.0 Google rating based on 13 reviews. It’s an irregular importer of machinery, boilers, and mechanical appliances, and exports cereal and milk-based food products, with both import and export activity recorded for just one month, the last in August 2023.

The company's website paints a picture of a passionate artisan wholesale bakery, specializing in British breads. They're proud to supply UK foodservice businesses with plant-based, sustainably made breads, from classic burger buns to innovative creations like a crumpet loaf. They even have a partnership with Wildfarmed flour and Kentish Oils, emphasizing their commitment to British ingredients. The site highlights frozen options to reduce waste and encourages customers to download their latest brochure.

Financially, Speciality Breads Ltd shows a mixed bag. While turnover remained steady at around £36 million, current assets dipped slightly to £6.1 million. However, the company's net assets have significantly increased to £5.7 million. Bank borrowings have also risen, reaching £230,000, and cash reserves have fallen by 30% to £230,000. Creditors have also increased by 14% to £680,000. The company is classified as large, meeting two of three criteria: turnover over £36 million, balance sheet total over £18 million, and over 250 employees. No auditor is mentioned, likely due to the company's size.

The increase in creditors and bank borrowings, alongside the decrease in cash reserves, suggests the company might be investing in growth or facing some short-term cash flow challenges. However, the strong turnover and healthy assets indicate a fundamentally sound business. The company’s focus on artisan baking and British ingredients, combined with its online presence, positions it well in a competitive market.

Registered in England/Wales under the registration number 03169637, with a registered address at BN11 1QR, United Kingdom, Worthing, West Sussex, Amelia House, Crescent Road.

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