Mancare Pizza Ltd

Mancare Pizza Ltd is a small, active company based in London, UK, founded seven years ago in December 2017. It employs nine people and holds £24,847 in assets. The company, run by a solo founder and single director, operates from a virtual address shared by 114 other businesses, which is a bit strange. It's a licensed restaurant, importing furniture, lighting, and prefabricated buildings irregularly—just one month’s worth of imports were recorded as of June 2023.

The company's website, coolpizza.co.uk, is a vibrant, Italian-style menu showcasing a wide range of pizzas, sides, and desserts. It’s clearly geared towards delivery, with a detailed delivery area covering a large swathe of North London, including Preston, Colindale, and Wembley. The site emphasizes fresh ingredients, a 30-50 minute delivery time, and a £13 minimum order—plus a £2.50 delivery fee. It’s a pretty standard online ordering experience, with cookies being accepted to secure the website.

Financially, Mancare Pizza Ltd shows some concerning trends. While the company's assets increased by 230%, its net assets actually decreased by 3%, dropping to -£49,000. Bank borrowings have fallen significantly, by 56%, which is a positive sign, but cash reserves have surged 620%, reaching £7,000—a big jump but still a small amount. Creditors have increased by 73%, suggesting the company is relying more on short-term financing. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it's likely exempt from an audit, so the figures are unaudited.

Overall, Mancare Pizza Ltd seems to be facing some financial pressure, despite a surge in cash. The increase in creditors and the negative equity suggest the company is burning through money, but the decrease in bank borrowings is a positive sign. Whether it can sustain its operations and turn a profit remains to be seen—but the company's online presence and focus on delivery indicate a desire to grow.

Registered in England/Wales under the registration number 11115025, with a registered address at E8 2FD, England, London, C/O Unit 4, Kinetica, 13 Ramsgate Street.

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