Il Fornaio Limited

Il Fornaio Ltd, a medium-sized company based in London, UK, has been a fixture in the baking industry for 41 years. With 107 employees and £6.1 million in assets, the business generated £13.3 million in revenue last year. Five directors and one owner oversee operations, which have a 4.0-star rating on Google based on 66 reviews. The company regularly imports electrical machinery and equipment (5 months) and occasionally exports furniture, lighting, and prefabricated buildings (1 month).

The company's website states it’s "Under Construction," providing a telephone number (0208 961 1172), email address ([email protected]), and physical address. This suggests a limited online presence, with the focus likely on wholesale or direct sales rather than e-commerce.

A review of Il Fornaio’s financial data reveals some interesting trends. Accrued liabilities decreased slightly, while depreciation expenses on leased assets saw significant increases, particularly in plant machinery. Administrative expenses also rose, reflecting potential investments in operations. Bank borrowings have decreased considerably, which is a positive sign, and cash reserves have grown substantially. However, the company's net assets have also declined, and the number of employees has fallen quite a bit.

Despite these changes, Il Fornaio appears to be financially stable. The company’s turnover has decreased a little, but the business is still profitable. The decrease in employees could be due to automation or restructuring, and the increase in cash reserves suggests improved cash flow management. The lack of an auditor mentioned is not unusual for a company of this size. It seems the company is adapting to changing market conditions, and the focus on wholesale baking remains strong.

Registered in England/Wales under the registration number 01801112, with a registered address at NW10 7AE, London, 5 Barretts Green Road, Park Royal.

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