Reef Kitchens Limited

Reef Kitchens Limited, based in London UK, is a holding company with an active status, established eight years ago. The company, employing 59 individuals, holds assets valued at £1,147,332 and generates a yearly revenue of £13,528,194. Despite this substantial turnover, accounts are currently overdue by three months, a potential red flag. The registered address, while appearing to be a virtual one due to 48 companies sharing the same location, is W1T 4TQ, England, London, 85 Tottenham Court Road. The company is managed by two directors and has one owner, with a stellar 5.0 Google rating based on seven reviews. Reef Kitchens Limited regularly imports machinery, boilers, and mechanical appliances, with its last import operation occurring eighteen months ago.

The company operates in the other food services industries, and its website, Restaurant Business Magazine, is a comprehensive resource for the restaurant industry. It’s not an e-commerce site itself, but rather a digital publication offering news, trends, and resources for restaurant professionals. The site features articles, podcasts, webinars, and special reports covering a wide range of topics, from consumer trends and emerging brands to operations and marketing. It’s a hub for industry insights, and the site's extensive content suggests a focus on knowledge sharing and professional development.

Financially, Reef Kitchens Limited’s recent performance presents a mixed picture. While turnover has increased substantially, rising 380%, net losses have deepened significantly, reaching -£16,000,000. Cash reserves have plummeted 71% to just £4,100. Bank borrowings have surged by 2,400%, reaching £29,000, and creditors have risen 35% to £34,000. 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 sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements. The increase in bank borrowings and decrease in cash reserves could indicate the company is struggling to manage its cash flow, despite the increased revenue. It is likely the company is facing increased costs, or perhaps it has invested heavily in expansion or marketing, which has temporarily impacted its profitability.

Registered in England/Wales under the registration number 10137109, with a registered address at W1T 4TQ, England, London, 85 Tottenham Court Road.

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