Folie Restaurant Ltd

Folie Restaurant Ltd from London UK: a small holding company with an active status, was founded seven years ago and employs 39 people. The company holds £127,716 in assets, operates from a real address, and is managed by two directors and one owner, boasting a 4.0 Google rating based on 345 reviews. It’s an irregular importer, having imported drinks, alcohol, and vinegar for two months, with the last import occurring in June 2022.

The company's website showcases a unique business model. While officially a restaurant, Folie Restaurant Ltd is also a specialist in custom-made drinks coolers and medical cabinets. It manufactures bespoke refrigeration solutions for a range of clients, from high-end restaurants to pharmaceutical laboratories. The website highlights three distinct product lines: Prestige Wine Coolers, Weald Bottle Coolers, and Medical Cabinets, alongside custom-made solutions. It also features a "Projects" gallery showcasing installations in prestigious locations like The Arts Club in London. The company, founded in 1969, emphasizes traditional skills and family values, with a focus on British craftsmanship.

Financially, Folie Restaurant Ltd presents a concerning picture. Current assets have plummeted by 52%, dropping to just £130,000. Net assets have also taken a significant hit, falling 21% to -£3.7 million. Bank borrowings have dramatically decreased by 99%, reaching a mere £29,000, and cash reserves have shrunk 47% to £21,000. Creditors, however, have fallen by a staggering 99%, suggesting a reduction in outstanding payments. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the sharp decline in equity and cash reserves raises serious questions about its financial health. The accounts are unaudited, and no auditor is mentioned.

Overall, Folie Restaurant Ltd appears to be struggling financially, despite its unique product offerings and strong Google rating. The company's reliance on custom-made refrigeration solutions may be a strength, but it also exposes it to market fluctuations and potential supply chain issues. The decrease in bank borrowings suggests a conscious effort to reduce debt, but the company needs to address its declining assets and negative equity to ensure its long-term viability.

Registered in England/Wales under the registration number 11243659, with a registered address at W1F 9DF, England, London, Bob Bob Ricard, 1-3 Upper James Street.

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