Mr Charcoal Ltd

Mr Charcoal Ltd, based in Wisbech, UK, is a small, holding company with an active status, having been founded ten years ago in 2015. The company employs just one person and holds assets worth £475,723. It’s managed by two directors and has one owner, though this list might not be exhaustive. A regular importer of aluminum and aluminum products, with three months of import activity recorded, the last operation occurred in February 2023.

The company operates a Chinese restaurant, Mr Charcoal, specializing in Northeast Chinese cuisine. The restaurant’s website highlights its commitment to authentic flavors, importing spices from China, and offering a wide range of dishes, including BBQ skewers and charcoal grills. It caters to both large and small groups, with a variety of dining areas and a focus on comfortable service. The restaurant is open most days, closed on Tuesdays, and offers online reservations.

Financially, Mr Charcoal Ltd presents a mixed picture. Current assets have increased by 65% to £480,000, a positive sign, while net assets have drastically decreased by 15,000%, landing at -£81,000. Bank borrowings have also increased significantly, rising by 22% to £74,000. Creditors have decreased by 6%, suggesting improved debt management. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the sharp decline in equity raises concerns. The unaudited figures, with no auditor mentioned, rely on director-reported data.

The company’s increased bank borrowings and decreased equity suggest it might be burning through cash, though the rise in current assets indicates ongoing business activity. Whether this is a temporary setback or a longer-term trend remains to be seen.

Registered in England/Wales under the registration number 09475044, with a registered address at PE1 4AU, England, Peterborough, 143 Eastfield Road.

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