Portland Restaurants Limited

Portland Restaurants Ltd, based in London UK, is a small, active company founded nine years ago in 2015. With four employees and £8,613 in assets, it’s a family business led by two owners and overseen by four directors. The company boasts a stellar 5.0 Google rating from 732 reviews, reflecting a strong reputation. It regularly imports paper and paperboard products, with the last import operation occurring six months ago in August 2019.

Portland Restaurants Ltd operates in the manufacture of prepared meals and dishes, unlicensed restaurants and cafes, event catering activities, take-away food shops, and mobile food stands. Its website highlights a Michelin-starred fine dining experience, emphasizing contemporary cuisine and a focus on produce and technique. The restaurant’s wine program is equally important, with a head of beverage constantly seeking new and interesting wines. The website also advertises a special, monthly-changing menu and private dining options.

Financially, Portland Restaurants Ltd presents a mixed picture. Current assets have plummeted by a staggering 72%, dropping to just £8,600, while net assets have fallen 1.6% to -£2,000,000. Bank borrowings have decreased by 32%, reaching £22,000, and cash reserves have fallen 62% to £1,300. Creditors have decreased by 100%, suggesting improved debt management. The company meets two of three conditions to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited.

The sharp decline in assets and cash reserves raises concerns, although it’s possible this is a temporary setback. The restaurant's Michelin star and strong Google rating suggest a thriving business, but the financial data indicate a need for careful management. It is likely that the company is burning through money.

Registered in England/Wales under the registration number 09926223, with a registered address at E1 6RA, England, London, 2nd Floor 168 Shoreditch High Street.

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