Taste Tradition Limited

Taste Tradition Ltd, based in North Yorks, UK, is a small, family business with an active status, celebrating 21 years since its founding. Employing 28 people and holding assets of £3,358,375, it operates from a real address and is overseen by four directors and two owners. The company’s Google rating stands at a respectable 4.0 based on 14 reviews, and it runs an e-commerce site. Taste Tradition is an irregular importer, primarily dealing with machinery, boilers, and mechanical appliances; parts, with its last import operation recorded one month ago.

The company’s website showcases a focus on meat and poultry meat products, indicating a production-oriented business. It owns a subsidiary, Taste Tradition Online Limited, suggesting an expansion into online sales or related services. The company’s website is well-designed and easy to navigate, reflecting a modern approach to retail.

Financially, Taste Tradition Ltd presents a mixed picture. While current assets increased by 15% to £3,400,000, net assets rose by a more substantial 23% to £2,800,000. However, bank borrowings surged by 40% to £15,000, and cash reserves decreased by 28% to £1,100,000. Trade debtors increased by 67% to £2,100,000, which could indicate a reliance on credit sales or delayed customer payments. Creditors decreased by 13% to £710,000, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, and the financial statements are unaudited.

The increase in net assets is encouraging, but the rise in bank borrowings and decline in cash reserves warrant attention. It’s possible that the company is investing in growth or managing working capital effectively. The increase in trade debtors could be a sign of a growing business, but also a potential risk if payments are not collected promptly. Overall, Taste Tradition Ltd appears to be a stable, family-run business navigating the challenges of growth and market conditions.

Registered in England/Wales under the registration number 05029623, with a registered address at YO7 2HL, North Yorks, Mount Grace Farm, Cold Kirby, Thirsk.

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