Cobol Catering Limited

Cobol Catering Limited is a small, active company based in Reading, UK, founded six years ago in 2019. It employs just one person and holds £34,858 in assets. With two directors and a solo founder, Durmaz Serdar, the company operates in the wholesale of other machinery and equipment industries. It’s a real address, with only two other companies registered there. The company is an irregular importer, with its top import category being Machinery, boilers, and mechanical appliances; parts, totaling 2 months of imports. The last import operation was conducted on October 01, 2020.

The company’s website, desi-catering-equipment.com, showcases a wide range of new and used catering equipment and food machinery. It functions as an online retailer, offering everything from pizza ovens and fryers to refrigerators and dishwashers. The site’s layout is straightforward, with categories clearly listed and featured products highlighted. It even has a section for used items, catering to budget-conscious customers. The website emphasizes customer service, competitive pricing, and a commitment to quality, and it’s a good place to start if you’re looking for catering equipment.

Financially, Cobol Catering Limited is facing significant challenges. Current assets have plummeted by 39% to £35,000, while net assets have dramatically decreased to -£41,000. Bank borrowings have increased, and cash reserves have dwindled to just £2,000. Creditors have risen considerably, and trade debtors remain unchanged. 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 stay agile, but the substantial equity drop is concerning. The company is dependent upon the continued support of the former director, S Durmaz. Since being identified as being insolvent the company has ceased trading. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Cobol Catering Limited is struggling, despite its online presence and wide product range. The company’s financial health is precarious, and its future remains uncertain.

Registered in England/Wales under the registration number 11788164, with a registered address at RG7 4NL, England, Reading, Berkshire, Unit 2 Forsters Farm Wasing Lane, Aldermaston.

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