Tyneside Foodservice Limited

Tyneside Foodservice Ltd from Blaydon UK: a small, family business with an active status, has been serving the north east for 45 years. Employing 32 people and boasting £2,597,757 in assets, the company operates from a real address and is managed by four directors and two owners. It holds a stellar 5.0 Google rating based on 15 reviews, a testament to its customer service. The company is an irregular importer, primarily dealing in prepared or preserved plant-based foods, with its last import operation occurring over a year ago in March 2022.

The company’s website showcases Tyneside Foodservice as the north east’s leading independent multitemp wholesaler, offering a wide range of products including ambient, frozen, butchery, and desserts. It operates an online ordering system, a free app, and even offers allergen information sign-up for EHO compliance. The website also features a behind-the-scenes tour of their Blaydon depot and a blog with recipes and industry news—a nice touch. It seems they are really pushing their online presence.

Financially, Tyneside Foodservice Ltd shows a mixed bag. Current assets have decreased by 13%, falling to £2,600,000, while net assets have dropped 17% to £2,200,000. Bank borrowings have increased by a significant 2,400%, reaching £29,000, and cash reserves have fallen 21% to £1,500,000. Creditors, however, have decreased by 7.3%, suggesting better debt management. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp equity decline raises questions. With no auditor mentioned, the figures rely on unaudited statements.

The company's decrease in investments fixed assets is also notable, dropping 97% to just £240. While the business is clearly well-regarded by its customers, the financial data suggests it's facing some challenges, and it's important to monitor its performance in the coming months.

Registered in England/Wales under the registration number 01449972, with a registered address at NE21 5SD, Blaydon, Tyne & Wear, Patterson Street, Blaydon Haughs Industrial Estate.

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