Kervan Banqueting Limited

Kervan Banqueting Ltd from London UK is a small, active company founded nine years ago. Employing twelve people, it holds assets worth £2,246,570 and operates from a real address. The company is led by one director and owned by Aydemir Mehmet, a solo founder, and enjoys a respectable Google rating of 4.0 based on 754 reviews. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with import activity recorded for two months, the last being in June 2022.

The business functions as a banqueting venue, offering services like licensed restaurants, event catering, and even letting out real estate. Its website highlights two main suites: the Grand Suite, ideal for large events, and the Crystal Suite, perfect for more intimate functions. The company emphasizes bespoke packages, attention to detail, and a commitment to providing a "fivestar service" – a dedication reflected in positive client testimonials. The website also features a catering service specializing in traditional Turkish dishes and showcases a wedding photography gallery.

Financially, Kervan Banqueting Ltd presents a mixed picture. While current assets increased by a substantial 60% to £2,200,000, bank borrowings remained steady at £1,200,000. However, cash reserves took a significant hit, dropping 74% to just £350,000. Trade debtors have increased dramatically, jumping 3,900% to £1,900,000, which could indicate a reliance on customer payments or a change in credit terms. Creditors also rose, increasing by 16% to £890,000. 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 decline in cash reserves warrants attention. No auditor is mentioned, likely due to the company’s status as a small entity, meaning the financial statements are unaudited.

Overall, Kervan Banqueting Ltd appears to be navigating a period of change, with increased assets and debtors offset by a decrease in cash reserves. The company’s focus on quality service and bespoke packages suggests a commitment to customer satisfaction, but managing cash flow will be key to its long-term success.

Registered in England/Wales under the registration number 09667793, with a registered address at E17 6ND, United Kingdom, London, 155 Blackhorse Road.

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