Turnips Distributing Limited

Turnips Distributing Ltd from London UK is a small, active company founded 26 years ago. With 35 employees and £2,722,860 in assets, it’s a well-established family business boasting a 4.0 Google rating from 259 reviews. The company has three directors and two owners, and operates from a real address in Borough Market. It’s a regular importer of edible fruits and nuts, with recent activity recorded just last month.

The company's website highlights a passion for quality produce and sustainability, emphasizing a pioneering approach to reducing food waste by creating street food and juices from surplus items. It operates both a retail and wholesale business, with a "Turnips Kitchen" offering and a book, "Edible Almanac," available for online purchase. The site also features a section dedicated to its piano restoration business, 1066 Pianos, which operates from Cambridge and has a showroom in Harrods—a surprising and potentially lucrative diversification.

Financially, Turnips Distributing Ltd presents a mixed picture. While cash reserves increased by 46% to £560,000, current assets have dramatically risen to £2,700,000—a 500% increase. However, creditors have also surged by 200% to £1,100,000, and trade debtors have increased by a staggering 4,600% to £2,100,000. Equity, however, has also seen a significant boost, jumping 600% to £1,900,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial increase in debtors suggests potential challenges in collecting payments. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Turnips Distributing Ltd appears to be growing rapidly, but managing its increased debts will be key to its continued success. The diversification into piano restoration, while seemingly unrelated, could provide a valuable source of revenue and prestige—though it’s unclear how closely the two businesses are integrated.

Registered in England/Wales under the registration number 03578754, with a registered address at SE1 9AH, England, London, 43 Borough Market.

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