Galaxy (aviemore) Ltd

Galaxy (Aviemore) Ltd, based in Reigate, UK, is a small, active company founded six years ago. With fourteen employees and £40,450 in assets, it operates from a virtual address, managed by a single director and three owners. The company is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with just two months of import activity recorded as of June 2019.

The company's website reveals a more detailed picture: Galaxy World Buffet Restaurant and Noodle Bar in Aviemore. It's open Tuesday through Sunday from 4:30 pm, inviting customers to visit its restaurant or noodle bar. This suggests a core business focused on providing a casual dining experience, catering to local residents and tourists alike. The website’s simple design and welcoming message indicate a focus on customer service and a relaxed atmosphere.

Financially, Galaxy (Aviemore) Ltd presents a mixed bag. Cash reserves saw a significant boost, jumping 430% to £26,000, which is a good sign. However, net current assets and liabilities decreased by 27%, settling at -£70,000. Creditors also decreased by 41%, to £23,000. The number of average employees has also decreased by 7.1%, dropping to thirteen. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in net assets is concerning. No auditor is mentioned, which is typical for small companies.

While the restaurant appears to be operating, the financial data suggests Galaxy (Aviemore) Ltd is burning through money. The increase in bank borrowings, though, may indicate an attempt to manage cash flow. It's possible the business is facing challenges in attracting customers or controlling costs, but the increase in cash reserves offers a glimmer of hope.

Registered in England/Wales under the registration number 11754015, with a registered address at RH2 7JE, England, Reigate, Surrey, The Coach House, 1 Howard Road.

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