Akub Restaurant Limited

Akub Restaurant Ltd from Worcester UK is a small, active company founded four years ago. With 40 employees and £585,264 in assets, it operates from a virtual address and is led by four directors and one owner. Boasting a stellar 5.0 Google rating from 848 reviews, Akub is a regular importer of drinks, alcohol, and vinegar, with recent activity recorded just five months ago.

The company’s website paints a picture of a Palestinian restaurant celebrating regional ingredients and British produce. Located in Notting Hill, London, Akub is the brainchild of Chef Fadi Kattan and entrepreneur Rasha Khouri, offering a menu inspired by traditional recipes and modern culinary techniques. The restaurant’s name, “Akub,” refers to a seasonal flowering thistle, symbolizing Palestine. The website highlights a focus on sharing plates, natural wines, and signature cocktails featuring Palestinian ingredients like apricot leather and pomegranate molasses. It also features a separate section detailing piano restoration services, a surprising diversification from the restaurant's core business.

Financially, Akub Restaurant Ltd’s recent performance reveals a mixed picture. While current assets increased by a significant 100% to £590,000, net assets have plummeted 90% to just £27,000. Bank borrowings have increased by 910%, reaching £460,000, and cash reserves have fallen by 85%, leaving just £28,000. Creditors have increased by 39%, and trade debtors have ballooned by 680%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial equity decline suggests potential financial pressures. The lack of a named auditor—likely due to exemption as a small company—means the figures are unaudited. The decrease in average employees reported during the period by 25% is also a point to consider.

Registered in England/Wales under the registration number 12645671, with a registered address at WR1 3DB, England, Worcester, Britannia Court, 5 Moor Street.

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