Two Magpies Bakery Limited

Two Magpies Bakery Ltd from Woodbridge, UK, is a small, active company established twelve years ago in 2012. Employing 114 people, the bakery holds £3,530,220 in assets and operates from a real address, with two directors at the helm. Notably, there are no officially registered owners, which is not unusual for smaller companies. The bakery also runs an e-commerce site and imports natural and modified starches, glues, and enzymes irregularly, with the last import occurring just two months ago in April 2024.

The bakery's core business revolves around providing food services, and its website, though not detailed, confirms its presence in the food industry. The company operates an e-commerce site, suggesting a focus on direct-to-consumer sales alongside its physical location.

Financially, Two Magpies Bakery Ltd presents a mixed picture. While current assets increased by a significant 53%, reaching £3,500,000, net losses deepened considerably, falling 110% to -£7,600. Bank borrowings have surged by a remarkable 160%, reaching £640,000, and cash reserves have increased dramatically, rising 640% to £130,000. Trade debtors also increased, growing 55% to £3,200,000. Despite these shifts, creditors decreased by 16%, suggesting improved 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) allows for agility, but the substantial equity decline warrants attention. The accounts are unaudited, as is typical for small companies, and no auditor is mentioned.

Overall, Two Magpies Bakery Ltd appears to be navigating a period of change, with increased debt and a decrease in equity. The company’s ability to maintain its growth and profitability will depend on its ability to manage these financial pressures effectively.

Registered in England/Wales under the registration number 08142430, with a registered address at IP13 9AN, England, Woodbridge, 27 Market Hill, Framlingham.

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