Virani Food Products Limited

Virani Food Products Ltd from Wellingborough UK: a large company, active status, founded 51 years ago, with 72 employees, boasts £9,392,607 in assets and yearly revenue of £19,882,182. It operates from a real address and is managed by five directors, with one owner. The company regularly imports and exports coffee, tea, mate, and spices, having imported for 947 months and exported for 70 months.

The company is involved in grain milling and the manufacture of condiments and seasonings. They have a website, but it’s not clear if they do ecommerce.

Financially, Virani Food Products Ltd shows some interesting trends. Current assets have decreased by 3.5% to £9,400,000, while net assets have decreased by 7.6% to £5,000,000. Bank borrowings have increased significantly by 37% to £2,200,000, and cash reserves have decreased by 23% to £610,000. Creditors have decreased by 9% to £2,500,000. The company meets two of three conditions to be considered large, having turnover over £36 million, balance sheet over £18 million, and more than 250 employees. The accounts were audited by PSJ Alexander & Co.

The increase in bank borrowings, coupled with the decrease in cash reserves, suggests the company may be burning through money, perhaps to expand operations or cover increased costs. The decrease in current assets could be due to a number of factors, such as slower sales or increased inventory. The decrease in creditors, however, is a positive sign, indicating improved debt management. The company's large size and established history provide a solid foundation, but it will need to carefully manage its finances to ensure long-term sustainability.

Registered in England/Wales under the registration number 01121605, with a registered address at NN8 4AD, England, Wellingborough, Northamptonshire, 4-5 Midland Business Units, Finedon Road.

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