Ognisko Restaurant Limited

Ognisko Restaurant Limited is a small, active company based in London, UK, founded eleven years ago in 2013. With fifty employees and a virtual address, it operates as a solo founder venture led by one director and owner. The company is an irregular importer, primarily dealing with basic metal tools and utensils, with just one month of imports recorded as of October 01, 2023. It also operates in the other business support service activities n.e.c. industries.

While the company’s website is not available, it’s clear Ognisko Restaurant Limited is focused on its restaurant venue. It’s a tight-knit operation, and the restaurant seems to be the core business.

Financially, Ognisko Restaurant Limited shows a mixed picture. Net assets increased by 44.0% to £670,000, while cash reserves increased by 44.0% to £200,000. Bank borrowings decreased by -28.0% to £70,000, and creditors increased by 39.0% to £770,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the increase in creditors raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s financial data suggests it's growing, but also taking on more debt. It’s possible the restaurant is investing in improvements or expanding its operations. The increase in creditors could be due to suppliers or other business expenses. It’s also possible the company is experiencing some cash flow challenges, but the increase in cash reserves suggests it’s managing its finances reasonably well.

Registered in England/Wales under the registration number 08548837, with a registered address at W1W 8BE, United Kingdom, London, Elsley Court, 20-22 Great Titchfield Street.

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