Ticco Foods Limited

Ticco Foods Ltd from Marlow UK is a small, active company founded 30 years ago in 1994. Employing 25 people, it holds assets worth £2,453,710 and operates from a real address. With two directors and three owners, the company maintains a respectable Google rating of 4.0 based on eight reviews. It's a regular importer, specializing in cereal and milk-based food products, with 61 months of import activity recorded, the last in September 2022.

The company’s website is not available for review, so it’s difficult to determine if they operate an e-commerce platform or primarily engage in wholesale distribution. However, they operate in the wholesale of sugar and chocolate and sugar confectionery, and other food services industries.

Financially, Ticco Foods Ltd presents a mixed picture. While current assets increased by 20% to £2.5 million, net assets decreased by 64% to £170,000—a significant drop. Bank borrowings surged by 42% to £40,000, and cash reserves fell by 30% to £28,000. Creditors decreased by 18%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. No auditor is mentioned, likely exempt as a small company, so the figures rely on unaudited statements.

The increase in bank borrowings could indicate investment in inventory or expansion, while the decrease in equity suggests the company may be burning through cash. The decrease in net assets could be due to increased costs or decreased sales, but without further information, it’s difficult to say for sure. The company’s directors, Giuseppe Pollara and Francesco Vanoli, will need to closely monitor these trends to ensure the company’s long-term financial health.

Registered in England/Wales under the registration number 02978769, with a registered address at SL7 1YA, United Kingdom, Marlow, Unit 8 Unit 8 Globe Business Park, First Avenue.

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