Damon's Restaurants (uk) Limited

Damon S Restaurants Uk Ltd, based in Lincoln, UK, is a small, holding company with an active status. Established 38 years ago in 1986, it employs 111 people and holds assets totaling £1,644,376. The company operates from a real address and is overseen by two directors and one owner. It boasts a strong Google rating of 4.0 based on 3543 reviews and regularly imports basic metal tools and utensils—the last import was made five months ago.

The company’s core business revolves around operating licensed restaurants, as indicated by its website. Damon's Restaurants offers a wide array of menu options, from breakfast and lunch to dinner and takeaway, catering to diverse tastes. The website emphasizes fresh, homemade food prepared in-house, with a focus on American cuisine, especially their signature ribs, steaks, and wings. They even have a hotel and offer live music, vouchers, and gift cards, suggesting a broader hospitality focus. The website also highlights a loyalty program and a discount for over 60s, aiming to attract and retain customers.

Financially, Damon's Restaurants Uk Ltd shows a mixed picture. While current assets increased by 11% to £1,600,000, net assets plummeted 88% to just £24,000—a significant drop. Bank borrowings surged by 59% to £1,100,000, while cash reserves fell 30% to £4,100. Trade creditors increased by 65% to £34,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp equity decline raises concerns. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

The increase in bank borrowings, coupled with the decrease in cash reserves, suggests the company may be burning through money. However, the increase in current assets indicates strong sales. The company's focus on American cuisine and its loyalty program could be contributing to its sales, but the financial challenges need to be addressed to ensure long-term sustainability.

Registered in England/Wales under the registration number 02069952, with a registered address at LN6 3SE, Lincoln, Lincolnshire, 999 Doddington Road.

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