Wholesaler and distributor of international confectionery brands with a multilingual focus & round-the-clock support. | The Kandy King

Kandy King Limited is an established multilingual FMCG distributor with a team of 15 + staff members. With a combined 12 Years of experience among directors, they have managed to scale to three strategically located international warehouses fully stocked with products from around the world. As brand managers of global brands, they have a strong track record of success in the industry.

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To be the largest distributor of international confectionery brands in the UK.

We founded The Kandy King during the Covid-19 Pandemic and the onset of post-Brexit import regulations, and in spite of all of that we are thriving. During the last financial year our turnover was over three times the previous year due to a huge uptick in sales as well as a clearly increasing demand for international confections. We have become, in our short lifespan, one of the largest importers and distributors of international confections in the United Kingdom. Our business continues to grow, and demand is so high that we have decided to reach out to Crowd2Fund to assist us in expanding our stock levels to stay ahead of the ever increasing demand for international confections.

Our Team is multilingual, and our excellent customer service department provides 24/7 support for our long list of clients. Our Directors are involved in the day to day running of the business to ensure maximum support is given to our clients. We also have the latest IT technology to keep up with the current market trends. We are proud of our valuable Team who has been with us since we started and our team has been growing since. We have some fantastic accounts managers who serve our customers around the clock. We appreciate the importance of good customer care and that is part of the reason we continue to work with Crowd2Fund as we know they believe the same thing.

The Kandy King stocks confectioneries from across the globe, from the United States and the EU to India and Japan. We are a distributor and wholesaler by design, so if your business is looking to stock Japanese Matcha Oreos or American Cheetos Mac ‘n Cheese then we’re the perfect place to go. As mentioned our customer care team is multilingual and able to help all kinds of businesses get into stocking international confectionaries, snacks, and drinks.

Credit Commentary:
The directors Sumik and Wewik Vohra are providing a personal guarantee, which means should the business fail and have insufficient assets within the business to repay the loan, we can look to the guarantor(s) to repay any shortfall on repayment. There have been no CCJs for the business or director. The financial profile of the business is strong with EBITDA in July 2023 of c. £625k, compared to c. £190k in 2022. Gross margin is declining, but this can be attributed to the increased use of contractors as the business grows. The company’s total net worth stands at £570K and we have calculated the TNW to be £570,922. Although it’s a relatively young company, cash generation and retained profits are strong.

Inflation Risk:
As the majority of lending to the business is at a fixed rate, they will not be immediately affected by interest rate increases. As a wholesale business, they use multiple pricing tiers to accommodate customers’ needs and ensure steady growth despite inflation.

THE KANDY KING

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THE KANDY KING

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