The Snapery East Ltd

The Snapery East Ltd, based in London, UK, is a small holding company with an active status, established nine years ago in 2015. Employing 26 people and holding £369,596 in assets, it operates from a virtual address—a point worth noting as eighty-nine companies are registered at the same location. The company is led by two directors and has one owner, boasting a solid Google rating of 4.0 based on 361 reviews. It’s a regular importer, primarily of milling products, with import activity spanning six months, the last operation occurring in August 2022.

The company’s core business revolves around the manufacture of bread, fresh pastry goods, and cakes, operating within the food production sector. Its website, while not detailed, suggests a focus on wholesale and B2B sales rather than direct-to-consumer e-commerce. There's no online store or detailed product listings, implying a business-to-business model.

Financially, The Snapery East Ltd presents a mixed picture. While current assets increased by 89% to £370,000, equity plummeted 410% to -£540,000. Bank borrowings rose significantly, increasing by 2400% to £2400, while cash reserves increased by 250% to £140,000. Creditors, however, surged by 410% to £1,000,000, a substantial increase. Trade debtors also increased by 97% to £210,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the sharp decline in equity is concerning. The lack of an auditor, due to its small size, means these are unaudited figures. The company is likely facing challenges in managing its liabilities and maintaining profitability. The increase in bank borrowings suggests the company may be relying on external funding to cover its operations.

Registered in England/Wales under the registration number 09731347, with a registered address at W3 7RW, United Kingdom, London, 183-189 The Vale.

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