Morelli's Cappuccino Bars (broadstairs) Limited

Morelli's Cappuccino Bars (Broadstairs) Limited, based in London, UK, is a small, active company with a 31-year history. Employing 20 people and holding assets of £361,803, it operates from a virtual address—a point to note as 221 companies are registered at the same location. The business is owned by two individuals and managed by two directors. It boasts a stellar 5.0 Google rating from over 2,000 reviews, indicating strong customer satisfaction. The company is an irregular importer, primarily bringing in miscellaneous food products, with its last import recorded in October 2024.

The company’s website showcases a network of gelato shops across the UK, Ireland, USA, Philippines, Dubai, and Uzbekistan. It’s clear that Morelli’s is a multi-faceted business, with a focus on high-quality gelato and a franchise model. The website highlights a commitment to fresh ingredients, with gelato made daily in each store, and emphasizes a tradition dating back to 1907. It also offers a range of services, including piano restoration and disaster recovery, indicating a diversification of business interests.

Financially, Morelli's Cappuccino Bars (Broadstairs) Limited shows a mixed picture. Current assets have increased by 19% to £360,000, which is good news. However, net assets have decreased by 23% to -£340,000, a significant drop that warrants further investigation. Bank borrowings have fallen by 54% to £30,000, suggesting reduced reliance on debt. Creditors have also decreased, indicating improved management of short-term liabilities. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the decline in equity raises concerns. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, Morelli’s Cappuccino Bars (Broadstairs) Limited appears to be a well-regarded business with a strong brand and diverse operations. While the financial figures show some challenges, the company’s established presence and franchise model suggest it has the potential to overcome these hurdles. It’s likely that the company is investing in expansion and diversification, which may explain the temporary dip in equity.

Registered in England/Wales under the registration number 02917979, with a registered address at NW3 5JS, United Kingdom, London, Regina House, 124 Finchley Road.

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