Santo Mare Trading Limited

Santo Mare Trading Ltd, based in London, UK, is a small, active company founded seven years ago in 2018. Employing 35 people, it holds £148,765 in assets and operates from a virtual address – a bit unusual as 127 other companies share the same location. With one director and one owner, the company enjoys a stellar 5.0 Google rating based on 1556 reviews. Santo Mare specializes in importing fish and seafood, including shellfish, having done so for 23 months, with the most recent import occurring in December 2024. It’s a regular importer, operating in the licensed restaurants industries.

The company's website paints a picture of a high-end Italian seafood restaurant and fishmonger, with locations in London, Porto Cervo, and soon New York. Santo Mare prides itself on offering the "best of Italian culinary and wine excellences," sourcing fish directly from Italy and emphasizing seasonal, expertly prepared dishes. The website highlights a unique concept: customers can choose their catch of the day directly from the restaurant window. It also features a wine list with Italian, French, and American selections, alongside a cocktail bar.

Financially, Santo Mare shows some concerning trends. Current assets have fallen by 24% to £150,000, and net assets have plummeted 32% to -£790,000. Cash reserves have also taken a hit, decreasing 64% to just £37,000. Trade debtors have increased by 19%, suggesting potential delays in customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the significant equity decline raises questions. The accounts are abridged and unaudited, and no auditor is mentioned, relying on director-reported data.

Overall, Santo Mare Trading Ltd appears to be navigating a challenging period. While its restaurant concept and high ratings suggest a strong brand, the financial data indicates a need for careful management to avoid further strain.

Registered in England/Wales under the registration number 11168622, with a registered address at W1H 1NB, England, London, 94-96 Seymour Place.

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