Suncrop Produce Limited

Suncrop Produce Ltd, based in Harlow, UK, is a large, family-run business with a 28-year history. Employing 14 people, the company boasts impressive assets of £12,374,574 and generates a substantial revenue of £50,337,258 annually. It’s a well-regarded operation, holding a perfect 5.0 Google rating from 31 reviews, and is managed by four directors and two owners. The company is active and has a real address.

Suncrop specializes in the wholesale of fresh produce, particularly tomatoes, cucumbers, and peppers, both organically and conventionally grown. Their website highlights a commitment to "cultivating excellence" and emphasizes sustainable practices and high-quality products. They’re a regular importer of edible vegetables and roots, with a long history of importing, and occasionally export plastics and plastic products.

Financially, Suncrop’s picture is mixed. While turnover remained steady at £49 million, net assets decreased by 12% to £5.1 million, and cash reserves dropped by 30% to £1.3 million. Bank borrowings surged by 1200%, reaching £1.5 million, indicating a need for increased financing. Creditors also rose by 26%, suggesting a greater reliance on short-term debt. Despite these challenges, administrative expenses decreased by 29%, a positive sign of cost management. The company’s auditor is Giess Wallis Crisp LLP.

The sharp increase in bank borrowings, alongside the decrease in cash reserves, suggests Suncrop may be investing heavily in its operations or facing increased working capital needs. However, the decrease in administrative expenses and the continued strong revenue indicate that the company is still a viable and profitable business. It's possible that the company is expanding its operations, which would require additional financing.

Registered in England/Wales under the registration number 03255798, with a registered address at CM18 7EZ, Harlow, Essex, Chilterns, Commonside Road.

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