Soho Bars (london) Limited

Soho Bars London Ltd from London UK: a small, active company founded 16 years ago, employs 78 people, and holds £4,173,412 in assets. It has a real address, three directors, two owners, and a solid 4.0 Google rating based on 2664 reviews. The company regularly imports furniture, lighting, and prefabricated buildings—eight months worth, with the latest import in September 2024.

The company operates as a cocktail bar in the heart of London, offering food and drinks. Its website highlights a lively atmosphere with baths for seats, mirrored walls, and spaces for private hire. It’s open late, catering to a vibrant nightlife scene. The website also promotes events, a rewards app, and corporate hire options. It’s clear they’re aiming to attract a diverse clientele, from casual drinkers to those seeking a unique venue for celebrations.

Financially, Soho Bars London Ltd shows some interesting trends. Creditors have decreased significantly, dropping 30%, suggesting better debt management. However, bank borrowings have increased by 200%, reaching £120,000, which could indicate increased investment or operational expenses. Cash reserves have fallen by 30%, to £1,100,000, and net assets have increased by 30%, to £3,300,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rise in borrowings is something to watch. With no auditor mentioned, the figures are unaudited.

The company’s success seems to hinge on its prime location and lively atmosphere. The increase in borrowings, however, suggests that the business may be investing in growth or facing increased costs—perhaps to maintain its appeal in a competitive market.

Registered in England/Wales under the registration number 06637850, with a registered address at W1D 6QE, United Kingdom, London, 83-85 Wardour Street.

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