Tugo Food Ltd

Tugo Food Ltd, based in Edinburgh, UK, is a small holding company with an active status, having been founded fifteen years ago in 2009. Employing twenty-six people, the company holds assets valued at £3,215,073, though it operates from a virtual address shared by 138 other companies. Led by four directors and overseen by a single owner, Tugo Food Ltd maintains a stellar Google rating of 5.0 based on four reviews. The company is an irregular importer of prepared or preserved plant-based foods, with just one month of imports recorded back in 2022, and a regular exporter of miscellaneous food products, having exported for four months.

Tugo Food Ltd’s website paints a picture of a company focused on providing innovative foodservice concepts. It describes itself as delighting customers with exciting food ideas, fanatical about flavour and passionate about produce. The company’s portfolio includes vibrant street food and hand-stretched fresh dough pizza, catering to foodservice partners looking to grow sales and enhance the customer experience. It provides a complete end-to-end solution, from menu innovation and product training to marketing and sales support, aiming to take the weight off its clients’ plates.

Financially, Tugo Food Ltd shows some concerning trends. While its net assets grew by 18% to £1.2 million, its current assets decreased by 12% to £3.2 million. Bank borrowings fell by 37% to £360,000, and cash reserves plummeted 86% to just £150,000—a significant drain. Creditors also decreased by 14%, suggesting better debt management, however. 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 drop in cash reserves raises questions. The company’s average number of employees grew by 27% to thirty-three. With no auditor mentioned, the figures rely on unaudited statements.

The company’s website also reveals it’s owned by Tugo Holdings Ltd, and that it owns Tupigo Properties Limited. It’s interesting to note that the company was previously known as Tugo Food Systems Limited.

Registered in Scotland under the registration number SC360210, with a registered address at EH4 2HS, United Kingdom, Edinburgh, Suite 2, Ground Floor Orchard Brae House, 30 Queensferry Road.

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