Lina Stores Limited

Lina Stores Limited, based in London, UK, is a small, active company established 47 years ago in 1977. With 11 employees and £1,397,438 in assets, it operates from a virtual address shared by many other businesses. The company is run by two directors, though no owners are officially listed. Boasting a stellar 5.0 Google rating from 468 reviews, Lina Stores is a regular importer of cereal and milk-based food products, with recent activity recorded four months ago.

The company’s website showcases a network of Italian delicatessens and restaurants across London and Manchester, alongside an online shop. Lina Stores offers a wide range of products, from fresh pasta and cured meats to ready-to-eat meals and Italian wines. It operates multiple locations, including Brewer Street, Greek Street, Stable Street, Bloomberg Arcade, Marylebone Lane, Clapham, South Kensington, Shoreditch, Broadgate Circle, Manchester, and Canary Wharf, with a new restaurant opening in Manchester. The website also highlights a focus on handmade pasta, antipasti, dolci, and secondi, emphasizing authentic Italian ingredients and a family-run heritage.

Financially, Lina Stores Limited presents a mixed picture. While current assets increased by 46% to £1,400,000, net assets remained stagnant at -£1,000,000. Bank borrowings decreased by 30% to £96,000, and cash reserves fell 67% to £6,300. Creditors increased by 26% to £2,300,000, and trade debtors increased by 48% to £1,400,000. 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 persistent negative equity suggests ongoing financial pressures. The accounts are unaudited, a common exemption for small companies, and no auditor is mentioned. The company's reliance on retained earnings and accumulated losses, alongside the directors assurance of financial support, paints a picture of a business navigating a challenging economic climate.

Registered in England/Wales under the registration number 01339516, with a registered address at N12 0DR, England, London, Grove House, 2 Woodberry Grove.

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