Papa's Catering Limited

Papa's Catering Limited, based in Leicester, UK, is a small, active company founded ten years ago in December 2014. With just two employees and £3,442 in assets, it’s a solo-founded operation managed by three directors and one owner, Parmar Peter Joseph. The company operates in the retail sale via mail order houses or via internet, the other food services industries.

The company’s website, pappascatering.com, showcases a full-service catering business specializing in events of all kinds – weddings, corporate gatherings, and private parties. It emphasizes custom menus, onsite cooking, and a team of award-winning chefs. The website also highlights a "Join Our Team" section, suggesting a desire to expand its workforce. The company seems to be doing well with a 5 star rating.

Financially, Papa's Catering Limited presents a mixed picture. Cash bank on hand increased by a whopping 190% to £2,900, a positive sign. However, net assets plummeted 160% to -£440, and net current assets liabilities are a significant -£780. Loans from directors increased dramatically by 610% to £3,700. Creditors also rose significantly by 310% to £4,200. 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 flexible, but the sharp decline in equity raises questions. There's no mention of an auditor, likely due to its small size.

In short, Papa's Catering Limited is facing some financial headwinds. The increased loans and negative equity suggest it’s burning through cash, but the rise in cash reserves indicates some recent success. Whether it can maintain its growth and profitability remains to be seen, but its focus on quality and customer service provides a solid foundation.

Registered in England/Wales under the registration number 09360213, with a registered address at LE5 1EY, England, Leicester, 25 Hebden Drive, Hamilton.

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