Espresso Rooms Uk Ltd

Espresso Rooms Uk Ltd is a small, holding company based in London, UK, with an active trading status. Founded fourteen years ago in 2010, the company employs fifteen people and holds £175,039 in assets. It has a real registered address and is managed by two directors, with one owner reported. The company is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with its last import operation occurring in July 2023.

The company operates in the other retail sale in non-specialised stores industries. It’s classified as a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company is owned by Coolbillboards Ltd, and the directors are Karathanos Gregory and Karathanos Gregory.

Financially, Espresso Rooms Uk Ltd presents a mixed picture. Accumulated amortisation impairment intangible assets increased by 14%, while accumulated depreciation impairment property plant equipment rose by 23%. Average number of employees during the period increased by a significant 33%, reaching twenty. However, cash bank on hand decreased by 8.4%, and current assets fell by 15%, dropping to £180,000. Creditors increased by 9.1%, reaching £2.3 million, and net assets liabilities decreased by 19%, settling at -£1.8 million. Future minimum lease payments under non-operating leases dramatically increased by 140%.

The company’s reliance on debt is apparent, with creditors significantly outweighing assets. While the increase in employees suggests growth, the decline in cash and the negative equity raise concerns about the company’s financial health. It’s worth noting that the company's financial statements are unaudited, and the director is satisfied that the company is entitled to exemption from the requirement to obtain an audit.

Registered in England/Wales under the registration number 07377733, with a registered address at W1U 3PP, London, Milner House, 12-14 Manchester Square.

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