Symplicity Foods Limited

Symplicity Foods Ltd, based in London, UK, is a small, active company founded four years ago. With fifteen employees and £732,652 in assets, it operates from a real address and is led by three directors and a single owner. The company runs an e-commerce site and irregularly imports paper and paperboard products – just two months’ worth in the last two years, with the last import occurring in November 2023. It manufactures other food products n.e.c. industries.

The website highlights a focus on good food from good vegetables, featuring endorsements from notable chefs like Tom Kerridge and microbiome expert Tim Spector. The site’s design is clean and modern, emphasizing high-quality ingredients and showcasing a range of burgers, sausages, minces, and meatballs. It even offers recipes and a “where to find” section, suggesting a desire to connect with consumers beyond online sales.

Financially, Symplicity Foods Ltd presents a mixed picture. While current assets have increased by a substantial 60% to £730,000, net assets have plummeted 57% to -£410,000. Advances to directors have increased dramatically by 1300% to £660,000, which is a significant factor. Bank borrowings remain steady at £2,300, and cash reserves have increased by 40% to £35,000. Creditors have decreased slightly by 12%, and trade debtors have increased by 61%. The company meets the criteria for a small company – turnover under £10.2m, assets under £5.1m, and fewer than 50 employees – and is therefore exempt from an audit.

The sharp decline in equity, despite increased assets, suggests the company may be burning through cash to fuel growth. The significant advances to directors could be a sign of investment or a need for short-term financing. The lack of an auditor means the figures are unaudited, but the trends indicate a company in a period of rapid change, and perhaps some financial strain.

Registered in England/Wales under the registration number 12676459, with a registered address at NW10 8RW, England, London, Unit 16 Artesian Close, Brentfield Road.

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