42 Holborn Fbe Ltd

42 Holborn Fbe Ltd, based in London, UK, is a small, active holding company established four years ago. With just two employees and £49,973 in assets, it operates from a real address in Kingsway and is led by one director and owner. The company boasts a stellar 5.0 Google rating from 195 reviews, and while it’s an irregular importer, its top category is basic metal tools and utensils, with the last import occurring one month ago.

The company’s website paints a picture of a vibrant Mediterranean restaurant and cocktail bar. It offers a range of services, including private dining rooms, a cocktail bar, and live entertainment, alongside a menu showcasing traditional dishes. The website actively promotes special offers, events, and a loyalty program, encouraging sign-ups for a free drink. The site also features positive customer reviews, highlighting the quality of food, service, and ambiance. It seems to be a destination restaurant, and not a business focused on e-commerce.

Financially, 2023 reveals a dramatic shift for 42 Holborn Fbe Ltd. Accumulated depreciation on plant and machinery skyrocketed by an astounding 21,000%, reaching £140,000, while cash bank on hand plummeted 97%, leaving only £9,800. Creditors increased significantly, ballooning by 1,000% to £1.3 million, and net assets plunged to -£720,000. The number of employees jumped from two to thirty, a substantial increase. While the company’s turnover is not specified, it’s clear that the business is burning through cash rapidly. 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 stay agile, but the sharp equity drop raises concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, 42 Holborn Fbe Ltd is facing financial headwinds despite its positive customer reviews and appealing restaurant concept. The dramatic increase in expenses and liabilities suggests a need for careful financial management, although the surge in employees could indicate expansion plans.

Registered in England/Wales under the registration number 13100958, with a registered address at WC2B 6EY, England, London, 42 Kingsway.

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