Splendour Wholesale Limited

Splendour Wholesale Ltd, based in Watford, UK, is a small, active company founded ten years ago in 2015. With fifteen employees and £4,364,708 in assets, it operates from a real address and is overseen by two directors and owners. The business is an irregular importer of cereal and milk-based food products (two months of imports, last in 2022) and an irregular exporter of cocoa and cocoa products (one month of exports, last in 2017).

The company’s primary activity appears to be wholesale food distribution, though it operates within the broader "other food services industries" category. While no website is available to analyze, the import and export activities suggest a focus on sourcing and supplying specific food products to businesses rather than direct consumer sales.

Financially, Splendour Wholesale Ltd shows a mixed picture. Cash reserves have decreased significantly by 55%, dropping to £240,000. Bank borrowings have also been reduced, falling by 38% to £27,000. However, trade debtors have increased by a substantial 7.6%, reaching £3.6 million, which could indicate challenges in collecting payments from customers. Creditors have also decreased by 8.8%, suggesting improved debt management. The company’s net assets have increased by 7.2%, reaching £2 million, which is a positive sign. Despite a 30% drop in profits to £230,000, the company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned likely means the company is exempt from an audit as a small business.

The company’s irregular import and export activity suggests a fluctuating demand for its products, or perhaps a reliance on specific contracts. While the decrease in cash reserves and increase in trade debtors are concerning, the overall financial picture isn’t dire. It's likely the company is navigating typical challenges faced by small businesses, and the increase in net assets is a promising sign for the future.

Registered in England/Wales under the registration number 09477332, with a registered address at WD24 7AE, United Kingdom, Watford, Unit 1, Eclipse Industrial Centre, 20 Sandown Road.

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