Chennai Express Limited

Chennai Express Limited, based in Basingstoke, UK, is a small, active company founded six years ago in 2018. It employs eight people and holds £148,070 in assets, operating from a real address. With one director and two owners, the company is an irregular importer, primarily dealing in electrical machinery and equipment, with its last import operation recorded in March 2023.

The company’s website paints a picture of an authentic South Indian dining experience. It operates two locations, Basingstoke and Fleet, offering a menu reflecting the diverse cuisines of South India, alongside North Indian and Indo-Chinese options. The restaurant emphasizes freshly ground spices, live cooking in an open kitchen, and a mission to transform perceptions of Indian cuisine in the UK, positioning itself as a healthy and flavorful alternative to traditional offerings. It’s a family-run business, with chefs Sagar Barlawar and Vamsi Madireddy at the helm, bringing over 20 years of culinary experience each.

Financially, Chennai Express Limited shows some concerning trends. Cash reserves have decreased by 33%, dropping to £39,000, while bank borrowings have increased significantly, reaching £16,000. Current assets have also fallen by 32%, down to £150,000. Debtors have declined by 37%, and creditors have increased by a substantial 45%, suggesting potential cash flow pressures. On the positive side, raw materials have increased by 51%, indicating a possible build-up of inventory. The company qualifies as a small entity, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the figures are unaudited.

While the restaurant seems to be attracting positive reviews and emphasizing quality, the financial data suggests it’s burning through money. Whether the company can maintain its momentum and overcome these financial challenges remains to be seen.

Registered in England/Wales under the registration number 11437277, with a registered address at RG21 7NE, England, Basingstoke, 19 Wote Street.

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