Truffle Guys Ltd

Truffle Guys Ltd from London UK: a small, active company founded five years ago, employs two people, and holds £125,348 in assets. Operating from a virtual address, the company is led by two directors and owned by two individuals. It runs an e-commerce site and regularly imports miscellaneous food products, with 14 months of import activity recorded.

The company’s website showcases a range of truffle-infused products, from oil and condiments to dust and even pasta sauce. It's clearly targeting food enthusiasts, with a focus on high-quality ingredients and a premium experience. The site highlights customer reviews and offers a variety of bundles and gift options, suggesting a focus on both repeat business and attracting new customers.

Financially, Truffle Guys Ltd presents a mixed picture. While current assets increased by 30% to £130,000, net assets experienced a significant drop of 750%, landing at -£220,000. Bank borrowings have surged by 330%, reaching £50,000, while cash reserves have plummeted 84%, leaving just £860. Creditors also increased substantially, rising 270% to £300,000. The company's small size (meeting two of three conditions for being small) helps it remain flexible, but the sharp decline in equity is concerning. No auditor is mentioned, indicating exemption as a small company.

The increase in bank borrowings and decrease in cash reserves suggests the company may be burning through money. It's possible the increased borrowing is to support inventory purchases or marketing efforts to drive sales, but the negative equity raises questions about its long-term financial health. The company’s focus on premium products and e-commerce suggests a potential for growth, but it will need to manage its finances carefully to ensure sustainability.

Registered in England/Wales under the registration number 12304399, with a registered address at W1W 5PF, England, London, 167-169 Great Portland Street, 5th Floor.

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