St Michael's Food Ltd

St Michael’s Food Ltd, based in Peterborough, UK, is a small holding company with an active status, established twelve years ago in 2013. The company employs fifteen people and holds £114,718 in assets. It operates from a real address, with three directors and one owner overseeing its activities, and runs an e-commerce site. The business is an irregular importer, primarily dealing in art and antiques, with just one month of import activity recorded as of November 2022.

The company’s website reveals a much larger operation: a mixed-use development called St Michael’s, positioned as Manchester’s new 5-star destination. It encompasses visionary workspace, luxury hotel accommodation, high-end dining experiences (including a rooftop restaurant by Chotto Matte), and residential properties. The site emphasizes sustainability, with a goal of becoming Manchester’s first fully Net Zero Carbon commercial development. It’s clear St Michael’s Food Ltd functions as a holding company for this ambitious real estate project, rather than a traditional food business.

Financially, St Michael’s Food Ltd presents a complex picture. Accumulated depreciation for computer equipment increased by 18%, while furniture fittings saw a 21% rise. However, motor vehicles experienced a significant 51% increase, and bank borrowings decreased by 33%, suggesting a move towards reduced debt. Cash reserves plummeted 75% to just £4,100, and creditors decreased by 30%, which could be a positive sign of better debt management. The company’s net assets have increased by 1100%, which is a significant change. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in cash reserves warrants attention. With no auditor mentioned, the figures rely on unaudited statements.

In summary, St Michael’s Food Ltd appears to be navigating a period of transition. While its real estate holdings show promise, the company’s financial health requires close monitoring. The ambitious development project, coupled with the company’s small size, creates a unique set of challenges and opportunities.

Registered in England/Wales under the registration number 08453138, with a registered address at PE1 5WS, England, Peterborough, 2 Saracen Way.

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