Biancogroup Limited

Biancogroup Limited, based in Manchester, UK, is a small, active company founded twelve years ago in 2013. Employing just two people, the company holds £17,758 in assets and operates from a virtual address – forty other companies share the same location, which is unusual. It’s managed by one director and two owners, though the list of owners changed two years ago.

The company acts as a distributor for Morello Forni Ovens, specializing in wood, gas, electric, combined, and hybrid ovens for restaurants and pizzerias. Its website showcases a range of ovens and associated services, including training and quick quote requests. The company also provides IT solutions and consultancy services, operating in the non-specialised wholesale trade, business software development, and information technology sectors. It’s a regular importer, with its top category being machinery, boilers, and mechanical appliances; parts, with the latest import activity recorded in May 2024.

Financially, Biancogroup Limited appears to be facing challenges. Current assets have plummeted by 45% to £18,000, and net assets have fallen to -£90,000. Bank borrowings decreased by 11%, but cash reserves have also dropped significantly by 29% to £12,000. Creditors have also decreased by 11%, which could indicate improved debt management. The company meets two of the three conditions to be considered small – turnover under £10.2 million and assets under £5.1 million – but the sharp decline in equity is concerning. Depreciation on plant machinery increased by 9.3%, suggesting increased investment in equipment, although the overall picture is one of financial strain. No auditor is mentioned, which is typical for small companies. The company's financial reports are unaudited.

Registered in England/Wales under the registration number 08540567, with a registered address at M2 4AD, United Kingdom, Manchester, Gregs Buildings, 1 Booth Street.

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