Hestia Flatbreads Limited

Hestia Flatbreads Limited, based in London, UK, is a small, active company founded just two years ago in July 2022. With a single employee and £12,533 in assets, it's a solo founder operation managed by one director and owner, Tsiattalos Michael. The business has a real registered address, though it’s likely a virtual one, as ninety-five companies share the same location. It maintains a respectable 4.0 Google rating based on five reviews. The company regularly imports machinery, boilers, and mechanical appliances, with four months of import activity recorded, the latest in November 2024.

The company operates within the manufacture of bread, fresh pastry goods, and cakes industries. It’s a small business, meeting two of three conditions for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company also has previous names: Michael’s Pitta Group Limited and Michael’s Pitta Bakery Ltd.

Financially, Hestia Flatbreads Limited presents a mixed picture. Cash bank on hand remains steady at £920, but current assets are at £13,000. Creditors are substantial at £280,000, and net current assets and liabilities are at -£270,000. Equity, however, is negative at -£82,000, a significant concern. Bank borrowings are stable at £28,000. The company’s small size exempts it from an audit, so the figures are unaudited.

While the company's Google rating suggests customer satisfaction, the negative equity and substantial creditors raise questions about its financial health. It’s likely burning through money, though the steady cash reserves offer some buffer. The solo founder structure, while enabling agility, may also limit its growth potential.

Registered in England/Wales under the registration number 14242091, with a registered address at N12 8NP, England, London, Global House, 303 Ballards Lane.

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