Akoko London Limited
- Small
- Holding
- Active
- 7 years
- 18 employees
- Real address
- 2 directors
- 1 owner
- Irregular importer
- Rating 5.0 (635)
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Phones
Summary
Akoko London Ltd from London UK is a small holding company with an active status, established seven years ago in 2018. The company employs fifteen people and holds assets valued at £572,079. It’s managed by two directors and one owner, and boasts an impressive Google rating of 5.0 based on 635 reviews. Akoko London Ltd is an irregular importer, primarily dealing in electrical machinery and equipment, with its last import operation occurring in August 2024.
The company operates as a fine dining West African restaurant, offering both tasting menus and a shorter lunch option. It's the brainchild of Aji Akokomi, blending tradition with culinary creativity. The restaurant's website highlights its commitment to quality, offering a full tasting menu, a shorter lunch menu, and a curated drinks selection. Private dining and gift vouchers are also available, and the restaurant is open for lunch and dinner, with a newsletter signup for updates.
Financially, Akoko London Ltd presents a mixed picture. While current assets increased significantly to £570,000, net assets decreased by 19% to -£760,000. Bank borrowings have increased by 50% to £1.2 million, and cash reserves have fallen by 48% to £28,000. Creditors have also risen, indicating increased short-term liabilities. The company’s small size—meeting two of three conditions for a small company—allows for agility, but the substantial equity decline suggests potential financial strain. The lack of an auditor mentioned indicates the company is likely exempt from an audit as a small business.
The company’s increased debt and declining cash reserves could be attributed to the restaurant industry's challenges, particularly rising food costs and staffing issues. It’s possible the company is investing in expansion or new menu items, which would explain the increased borrowing. However, the negative equity suggests a need for careful financial management to ensure long-term sustainability.
Registered in England/Wales under the registration number 11212935, with a registered address at SE3 7TD, England, London, 11 St. Johns Park.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Corporate
- 5 years
- 1
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- 5 years
- 3
-
Resident of United Kingdom
-
Individual
- 5 years
- 3
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted nine months ago.
Last news
-
Total exemption full accounts made up to 2024-06-30Download 8 pages pdf report
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Director's details changed for Mr Ajibola Oluwole Olupitan on 2024-09-20Download 2 pages pdf report
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Director's details changed for Mrs Oluremi Tolulope Olupitan on 2024-09-20Download 2 pages pdf report
Importer profile by HS codes
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Last imported products
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