Wiser Foods Uk Limited

Wiser Foods Uk Limited, based in London, is a small, active family business established seven years ago. The company employs two people and holds £341,008 in assets, operating from a virtual address shared by many other businesses. It’s led by two directors and owners, Singh Maneet Pal and Singh Sanjit Pal, whose ownership list was recently updated, a good sign. The company regularly imports fish and seafood, including shellfish and other water creatures, with 30 months of import activity recorded, the last in October 2024. It operates in the wholesale of other food, including fish, crustaceans and molluscs industries.

The company’s website is currently unavailable, so it’s difficult to determine if it operates an e-commerce platform or relies solely on wholesale distribution. Without a website, it's hard to gauge the company's online presence and customer engagement.

Financially, Wiser Foods Uk Limited presents a mixed picture. Current assets have decreased by 34%, falling to £340,000, while net assets have dropped by 26%, settling at £280,000. Cash reserves have improved significantly, increasing by 88% to £160,000—a positive sign. However, bank borrowings have been completely eliminated, and trade debtors have doubled to £63,000, suggesting a potential reliance on customer payments. Equity has decreased by 160%, which is a significant drop. 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 remain nimble, but the drop in equity raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's recent import activity and improved cash position suggest ongoing business, but the declining equity and increased trade debtors warrant closer attention.

Registered in England/Wales under the registration number 11269209, with a registered address at W1W 5PF, England, London, 167-169 Great Portland Street, 5th Floor.

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