The Uk Spice Company Ltd

The Uk Spice Company Ltd, based in St. Leonards-On-Sea, UK, is a small, active business founded thirteen years ago. With five employees and £17,355 in assets, it operates from a real address and is managed by two directors and owners. The company boasts a perfect 5.0 Google rating from three reviews and specializes in importing coffee, tea, mate, and spices, although its import activity has been irregular, with the last operation recorded two years ago.

The company’s website highlights its role as a trade and bulk supplier of premium herbs, spices, and botanical ingredients. It caters to a wide range of customers, including food manufacturers, cruise liners, and schools, emphasizing quality, traceability, and a commitment to food safety. The company even offers packing options like catering pots and poly bags, and its website mentions a husband-and-wife team who started the business out of a passion for cooking.

Financially, The Uk Spice Company Ltd presents a mixed picture. Current assets have fallen significantly, dropping 49% to £17,000, while net assets have plummeted 310% to -£41,000. Bank borrowings have increased to £1,100, and cash reserves have vanished completely. Creditors, however, have decreased, 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. The unaudited accounts, exempt due to its size, don’t mention an auditor.

The sharp decline in equity is a cause for concern, and the lack of cash reserves suggests the company is burning through money. It's possible the irregular import activity and increased borrowings are contributing to these challenges. While the company maintains a positive online presence and caters to a diverse clientele, its financial health warrants close monitoring.

Registered in England/Wales under the registration number 07744777, with a registered address at TN38 9ST, England, St. Leonards-On-Sea, East Sussex, Unit 1, Armstrong Close, Churchfields Industrial Estate.

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