Sussex Bakes Ltd

Sussex Bakes Ltd from Chichester UK is a small, active company founded seven years ago in 2017. It employs 56 people and maintains a real address, managed by one director and one owner. The company boasts a perfect 5.0 Google rating based on three reviews. It’s an irregular importer, primarily dealing with machinery, boilers, and mechanical appliances, with just one month of imports recorded as of August 2022.

The company operates in the non-specialised wholesale of food, beverages, and tobacco industries, manufacturing handmade cakes and desserts available at wholesale, on the high street, in coffee shops, and across food service outlets. It runs a BRC certificated factory and prides itself on new product development and innovation. Its website highlights a diverse range of products, including bespoke solutions for retail and foodservice, and even offers branded cakes and desserts. The company is registered at 4/5 Rutland Way, PO19 7RT, and its phone number is 01243 788997.

Financially, Sussex Bakes Ltd presents a mixed picture. While cash reserves dropped by a significant 64% to £21,000, payments received on account decreased by 31% to £750,000. Trade creditors also declined by 28% to £470,000, suggesting better debt management. However, bank borrowings surged by 47% to £28,000, and net assets decreased by 6.7% to -£720,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor is typical for a small company. The sharp decline in equity and the increase in bank borrowings are concerning, but the company's continued focus on product innovation and its strong Google rating could help it weather these challenges.

Registered in England/Wales under the registration number 10940503, with a registered address at PO19 7RT, United Kingdom, Chichester, West Sussex, 4/5 Rutland Way.

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