Tilak Foods Limited

Tilak Foods Ltd from Harrow UK: a small, active company founded 41 years ago, employs three people, and holds £191,666 in assets. It’s a solo-founded operation led by one director and owner. Regular importer of edible vegetables and roots (23 months imported).

The company operates in the wholesale of fruit and vegetables industries. Its website is not available, making it difficult to determine if it has an e-commerce presence.

Financially, Tilak Foods Ltd shows some concerning trends. While current assets are reported at £190,000, they’ve decreased by nearly 5% from the previous year. Bank borrowings have also increased significantly, rising by 53% to £8,700. Creditors have decreased by 53%, which is a positive sign, suggesting better debt management. Cash reserves have fallen 68% to £2,600. 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 decrease in cash reserves is a cause for concern. The company is not audited, relying on unaudited statements.

The significant decrease in cash reserves could indicate the company is burning through money faster than it’s earning it, perhaps due to increased operating expenses or delayed payments from customers. However, the decrease in creditors suggests the company is managing its short-term liabilities effectively. The lack of information about its website and online presence makes it difficult to assess its long-term prospects.

Registered in England/Wales under the registration number 01747827, with a registered address at HA1 1BA, Harrow, Middx, Amba House 4th Floor, Kings Suite 15 College Road.

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