Berbere Uk Ltd

Berbere Uk Ltd is a small holding company based in London, UK, with an active status. Founded four years ago in July 2020, it employs 28 people and holds £375,758 in assets. The company operates from a virtual address, registered at a location shared by fifty-three other businesses, which raises some questions. It’s a family business with three directors and three owners, and regularly imports milling products – six months of import activity were recorded, the last in February 2023.

The company’s website, Berber Italian Sourdough Pizza, showcases a network of pizzerias across London and Italy, selling award-winning sourdough pizza and offering gift vouchers. The business operates both online and through a network of physical locations, with a strong emphasis on Italian heritage and quality ingredients. The website also highlights a piano restoration business, 1066 Pianos, which operates independently.

Financially, Berbere Uk Ltd shows some concerning trends. Creditors increased significantly, rising 68% to £1.4 million, while net assets plummeted 74% to -£740,000. Bank borrowings also increased, though not as dramatically. Cash reserves decreased by 25% to £21,000. On the positive side, debtors decreased by 34%, suggesting improved collection of payments. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the large equity decline is a red flag. The company is audited by Belluzzo Audit Limited, which is a good sign.

The increased creditors and declining equity suggest the company may be burning through cash, though it's possible this is a temporary situation related to expansion or increased investment. The dual business model—pizza and pianos—introduces complexity, and it remains to be seen whether both ventures can thrive long-term.

Registered in England/Wales under the registration number 12732236, with a registered address at N1 1QB, England, London, C/O Accountsco, 47 Islington Park Street.

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