The Asante's African Foods Supply Ltd

The Asante’s African Foods Supply Ltd, based in Glasgow, UK, is a small, active company established seven years ago. With two employees and £4,810 in assets, it operates from a real address and is managed by one director and owner. The company boasts a solid 4.0-star Google rating from 134 reviews and regularly imports cereal and milk-based food products, with the most recent import occurring in August 2024.

The company’s website is currently unavailable, making it difficult to ascertain the specifics of its operations beyond the import activity. It’s likely focused on wholesale distribution, supplying retailers or food service businesses with African food staples. It’s a small operation, meeting two of three conditions to be considered small: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Financially, The Asante’s African Foods Supply Ltd shows a mixed picture. Current assets have increased significantly, jumping 630% to £4,800, while finished goods have also risen to £3,600. However, net assets have decreased by 22% to -£5,500, and net current assets and liabilities are down 17% to -£6,200. Bank borrowings have increased, and cash reserves have fallen. Creditors have also risen, suggesting increased reliance on short-term financing. The company’s small size allows for agility, but the decline in equity raises questions about its long-term sustainability. The accounts are unaudited, and no auditor is mentioned, which is common for small, exempt companies.

Despite the financial challenges, the company maintains a positive online reputation, suggesting good customer service and quality products. Whether it can navigate these financial pressures and continue its import operations remains to be seen.

Registered in Scotland under the registration number SC595998, with a registered address at G4 9HY, Scotland, Glasgow, 381/383 Great Western Road.

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