Speed's Juice Uk Ltd

Speed's Juice Uk Ltd, based in Southall, UK, is a small, active company founded seven years ago in 2017. It employs just two people and boasts an impressive £43,181,271 in assets. The company operates from a real address within the Southall Enterprise Centre and is led by a single director and owner, Gaaba Gagandeep Singh. It’s a regular importer, specializing in electrical machinery and equipment, with six months of import activity recorded, the last operation occurring in November 01, 2024.

The company's website reveals it operates in the retail sale of tobacco products in specialised stores. While seemingly a small operation, its financial data paints a more complex picture. Net assets have dramatically increased, jumping 440% to £4,000,000, while cash reserves have seen an even more significant surge, rising 850% to £10,000,000. Trade debtors have also increased substantially, rising 680% to £8,700,000, suggesting a growing customer base or extended payment terms. Creditors have also seen a large increase, jumping 1100% to £39,000,000. The number of employees has doubled, from two to four, indicating potential expansion or increased workload.

Despite these positive trends, the company’s financial data also reveals some potential concerns. Accumulated depreciation has risen to £29,000, and bank borrowings have increased to £120,000. It’s a small company, meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The company’s accounts are abridged and unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, Speed's Juice Uk Ltd appears to be experiencing a period of rapid growth, but it’s important to monitor its debt levels and ensure it can sustain this momentum. The company’s focus on retail and its growing import activity suggest a promising future, but careful financial management will be crucial for long-term success.

Registered in England/Wales under the registration number 11000662, with a registered address at UB2 4AE, England, Southall, Unit 16 Southall Enterprise Centre, Bridge Road.

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