Etci Mehmet Manchester Ltd

Etci Mehmet Manchester Ltd, based in Manchester, UK, is a small holding company with an active status, established seven years ago in 2017. Employing 95 people and holding £528,488 in assets, it operates from a virtual address – a point of note as 45 companies share the same location. The company is led by one director and one owner, and boasts an impressive Google rating of 5.0 based on nearly 5000 reviews. It’s a regular importer, specializing in furniture, lighting, and prefabricated buildings, with recent activity in July 2024.

The company’s website showcases a chain of Turkish steakhouse restaurants across the UK, including locations in Manchester, Liverpool, Birmingham, and Leeds. It’s clear they’re focused on providing a premium dining experience, with promotions like student discounts, kids-eat-free deals, and Sunday roasts. The website also highlights events, atmosphere, and even celebrity endorsements, suggesting a strong marketing push. It’s a vibrant, customer-facing business, with an emphasis on creating a “vibe” and offering entertainment alongside its food.

Financially, Etci Mehmet Manchester Ltd presents a mixed picture. While turnover isn't directly stated, net assets have plummeted by 54%, dropping to just £200,000. Cash reserves have also taken a hit, falling 14% to £260,000. Bank borrowings have decreased by 26%, and creditors have increased significantly by 62%. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the substantial decline in equity is concerning. Trade debtors have decreased by 4%, and cash bank on hand has decreased by 14%. It’s worth noting that the company is exempt from an audit, so the figures are unaudited.

Overall, Etci Mehmet Manchester Ltd appears to be navigating a challenging financial period. While its restaurants are thriving and attracting positive reviews, the company's equity has been significantly impacted. Whether this is a temporary setback or a sign of deeper issues remains to be seen, but the business's strong brand and customer base should provide a foundation for future recovery.

Registered in England/Wales under the registration number 10921533, with a registered address at M4 4EY, United Kingdom, Manchester, 10 Park Place.

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