Il Piccolino's Limited

Il Piccolino S Ltd from Warwick UK: a small company with an active status, was founded 20 years ago. It employs 38 people and holds £70,044 in assets. With three directors and one owner, the company regularly imports drinks, alcohol, and vinegar—a consistent 9-month import history with the last operation recorded in August 2024. The company operates in the licensed restaurants industries.

The business is a small company as it met two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. Its registered address is real, with only eight companies registered at the same location. The company is owned by Urso Domenico, and the directors are Urso Gillian Ann, Urso Domenico, and Urso Salvio.

Financially, Il Piccolino S Ltd’s performance shows a mixed picture. Current assets have decreased by 21% to £70,000, while net assets have fallen significantly by 1100%, ending at -£30,000. Bank borrowings have decreased by 60%, to £6,700, and cash reserves have fallen by 51%, to £19,000. Creditors have also decreased by 7.9%, to £81,000. The company’s small size allows for agility, but the substantial equity drop raises concerns. No auditor is mentioned, likely due to the company’s exemption as a small entity.

The decrease in assets and the large loss in equity suggest the company may be facing financial pressures. However, the decrease in creditors suggests better debt management. It’s possible the company is reinvesting in its business, or perhaps facing increased costs. The lack of employees (reported as 26) indicates a lean operation, but the financial results warrant close monitoring.

Registered in England/Wales under the registration number 05390522, with a registered address at CV34 6LW, Warwick, Warwickshire, 3 Pegasus House Pegasus Court, Olympus Avenue.

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