Bocconcino Properties Limited

Bocconcino Properties Ltd, a small, active company based in London, UK, was founded twelve years ago in 2013. It employs just two people and holds £726,489 in assets, operating from a virtual address registered at 19 Berkeley Street. The company is led by one director and one owner, though the owner list was changed three years ago. Bocconcino Properties is a regular importer of furniture, lighting, and prefabricated buildings, with 17 months of import activity recorded, the last in December 2024. It also engages in irregular exporting of wood and wood products, with just one month of export activity as of June 2022.

The company's website reveals a more expansive operation: a collection of Italian restaurants in Mayfair, Soho, and Covent Garden, operating under the names Bocconcino, Osteria del Mare, and Sotto Bar. Established by Michael Gokhner, these restaurants offer a refined dining experience, blending authentic Italian cuisine with contemporary and rustic interiors. The restaurants also feature innovative cocktail menus and even offer private dining events.

Financially, Bocconcino Properties Ltd shows some concerning trends. Accumulated depreciation impairment for property, plant, and equipment increased by 33%, with computer equipment seeing the biggest jump. Cash bank on hand plummeted 94%, dropping to just £14,000. Creditors after one year increased by 16%, reaching £4.2 million, while trade creditors within one year decreased by 45%. Despite these challenges, net assets improved slightly, increasing by 16% to -£1 million. 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 remain flexible, but the decrease in equity is something to keep an eye on. There was no auditor mentioned, which is common for small companies.

Overall, Bocconcino Properties Ltd appears to be navigating a period of transition. While the restaurants seem to be thriving, the underlying financial performance suggests a need for careful management and perhaps a re-evaluation of strategies.

Registered in England/Wales under the registration number 08462662, with a registered address at W1J 8ED, England, London, 19 Berkeley Street.

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