Pintxos Restaurants Limited

Pintxos Restaurants Limited, based in Looe, UK, is a small, holding company with an active status, established eight years ago. Employing 50 people, the business holds £373,907 in assets and boasts a stellar 5.0 Google rating from 306 reviews. The company is a irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with a single month of imports recorded back in 2019. It operates from a real address shared by just four other companies.

The restaurant itself, Bar Pintxos in Preston, is a Spanish eatery specializing in tapas and pintxos, offering a unique dining experience. The website highlights the restaurant's commitment to authentic Spanish flavors and its connection to Basque culinary traditions. It even features a glowing review from Jay Rayner of The Guardian, praising the food and atmosphere. The restaurant also offers private hire and outside catering services, alongside a selection of wines and cocktails.

Financially, Pintxos Restaurants Limited shows some concerning trends. Cash bank has decreased by 19% to £260,000, and net assets have fallen by 18% to £190,000. Debtors have increased significantly by 45%, which could indicate difficulties in collecting payments, but creditors have also risen by 23%. The average number of employees has dropped considerably by 24%, from 50 to 38, which could be due to seasonal changes or restructuring. While the company meets the criteria to be considered small—with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—the decline in equity and employee numbers suggests it might be burning through cash. No auditor is mentioned, which is typical for small companies. Overall, while the restaurant enjoys a positive reputation, the financial data suggests a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 10651474, with a registered address at PL13 2NX, England, Looe, Mallincourt, Lanreath.

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