88 Trading Limited

88 Trading Limited, based in Edgware, UK, is a small, active company founded nine years ago. With 14 employees and £420,907 in assets, it operates from a virtual address—a fact highlighted by the presence of 47 other companies registered at the same location. The company is led by one director and has two owners, though the list of owners was changed seven years ago. It’s considered an irregular importer, with its top import category being meat, fish, and seafood preparations, though only for one month’s worth of imports, the last operation dating back to January 2018.

The company’s website, 88 Trading Corp, presents a different picture: a comprehensive supplier of supermarket and foodservice solutions. It offers a wide range of products, from disposable bags and packaging to equipment, display items, janitorial supplies, and even condiments and napkins. Operating out of Maspeth, NY, the company serves Connecticut, New Jersey, New York, and Pennsylvania, boasting 30 years of experience. The website emphasizes speedy delivery, a large inventory (1,000 product lines), and a commitment to exceptional service. It's clear the company is focused on providing a one-stop shop for businesses in the Greater NYC area.

Financially, 88 Trading Limited shows some concerning trends. While current assets increased by 21% to £420,000, net assets actually decreased by 130% to just £64,000. Bank borrowings were significantly reduced, falling 33%, and cash reserves grew by a healthy 23% to £390,000. However, creditors decreased by 30%, suggesting a need for more cashflow. The company’s small size (meeting two of three conditions for being a small company) helps it remain agile, but the significant drop in equity is a worrying sign. The company's accounts are unaudited, and no auditor is mentioned. It's clear the company is facing some financial pressure, despite its robust product offering and customer base.

Registered in England/Wales under the registration number 09861615, with a registered address at HA8 7DB, United Kingdom, Edgware, Middlesex, Handel House, 95 High Street.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.