Swoon Gelato Ltd

Swoon Gelato Ltd from Bath UK is a small, active company founded nine years ago. It employs 39 people and holds £172,330 in assets, operating from a virtual address. The business has five directors and one owner, and is a regular importer of prepared or preserved plant-based foods, with 26 months of import activity recorded.

The company operates in the manufacture of ice cream, and also in the unlicensed restaurants and cafes industries. Its website showcases a range of gelato flavours, cakes, coffee, and gift cards, with multiple locations across the UK including Bristol, Bath, Oxford, and Selfridges. It even offers a loyalty scheme and a “flavour lab” for new creations. The website is clearly focused on direct-to-consumer sales, with an emphasis on artisan quality and a delightful customer experience.

Financially, Swoon Gelato Ltd shows some concerning trends. Current assets have fallen by 32%, dropping to £170,000, and net assets have plummeted 66%, settling at just £1,300. Bank borrowings have remained steady, but cash reserves have drastically declined by 88%, leaving only £1,100 available. Creditors have also decreased, which is good, but the overall picture suggests the company is burning through cash. The company meets the criteria to be considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There’s no auditor mentioned, which is likely due to its small size.

The company’s rapid growth and expansion into multiple locations may be contributing to these financial pressures. It's possible the company is investing heavily in new stores and marketing, but the declining cash reserves indicate a need to carefully manage expenses and ensure sustainable growth.

Registered in England/Wales under the registration number 10027343, with a registered address at BA1 2EH, United Kingdom, Bath, 12b George Street.

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