Terrace Fruits Limited

Terrace Fruits Limited is a small, holding company based in Harwich, UK, with an active status. Founded three years ago in October 2021, the company employs just three people and holds £37,726 in assets. It operates from a real address and is led by two directors and two owners, running an e-commerce site specializing in potted fruit trees.

The company’s website, Terrace Fruits, focuses on selling citrus, olive, and pomegranate trees, catering to both retail and wholesale customers. After a period of growth, they’ve sadly decided to close their retail service due to rising costs and regulations post-Brexit, concentrating instead on their wholesale business. They recommend Pomona Fruits and The Walnut Tree Company for retail customers and offer a lifetime advice package for all trees sold, supported by experts with over 25 years of experience. The site also features a blog with tips, recipes, and inspiration for growing fruit trees.

Financially, Terrace Fruits Limited shows a mixed picture. While current assets increased by 63% to £38,000, equity decreased significantly, ending at -£9,400. Payments to related parties increased dramatically, rising 170% to £24,000. Cash bank on hand also improved, growing 68% to £2,100. Despite a decrease in trade debtors, creditors rose by 35%, reaching £50,000. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the negative equity suggests it’s burning through cash. No auditor is mentioned, meaning the financial statements are unaudited.

The company's focus on wholesale and expert advice seems like a smart move given the current economic climate, but the negative equity is something to keep an eye on.

Registered in England/Wales under the registration number 13672381, with a registered address at CO12 5BN, England, Harwich, Essex, George Thompson (Great Oakley) Ltd Stones Green Road, Great Oakley.

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