Jay's Bbq Bar Ltd

Jay's Bbq Bar Ltd, based in Glasgow, UK, is a small, active company founded three years ago. It employs twelve people and holds £104,272 in assets. The company operates from a virtual address, registered with 766 other companies, and is led by a solo founder who also serves as director and owner. It boasts an impressive Google rating of 5.0 based on 947 reviews. The business is a irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with its last import operation occurring two months ago in June 2023. It operates in the licensed restaurants industries.

The company’s website, accessible through Facebook, primarily functions as a login or signup portal, encouraging users to connect and share. It doesn’s appear to have a dedicated e-commerce platform, suggesting a focus on social media presence and potentially offline sales or catering services. The site lists a range of services including advertising, creating pages for businesses, and accessing various Meta products.

Financially, Jay's Bbq Bar Ltd presents a mixed picture. While cash bank on hand has increased dramatically to £63,000, current assets have also risen to £100,000. However, equity has plummeted into negative territory at -£6,800, indicating accumulated losses. Creditors have increased significantly to £200,000, and bank borrowings are at £95,000. Debtor’s have increased to £14,000, and trade creditors have risen to £10,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the negative equity and high creditor levels suggest it’s burning through money. With no auditor mentioned, the financial statements are unaudited. The loans from shareholder, related company and director are interest free and repayable on demand. The company operates a defined contribution pension scheme.

Registered in Scotland under the registration number SC720349, with a registered address at G3 7SP, Scotland, Glasgow, 9 Royal Crescent.

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