Sterling Bar Ltd

Sterling Bar Manchester, a small, family-run business based in Manchester, UK, has been active for three years. With six employees and £91,101 in assets, it operates from a virtual address, a common trait for smaller companies. Three directors and three owners – Brandwood James Alan, Schofield Daniel Robert, and Schofield Joseph Alan – steer the ship, and the business boasts an impressive Google rating of 5.0 based on 146 reviews. The company is a irregular importer, specializing in drinks, alcohol, and vinegar, with its last import operation occurring in March 2024.

The business operates underneath the historic Stock Exchange Hotel, offering award-winning cocktails and wine, live music, and delicious bar snacks. It’s linked to Schofield’s Bar, a recipient of the "Best Bar in the UK" award in both 2022 and 2023, and is part of the Atomeca group. The venue’s website highlights its unique location within the old bank vault and caters to groups of up to 12 guests via the OpenTable app. It's a cashfree venue, and they can cater to larger groups of up to 30 people.

Financially, Sterling Bar Manchester’s recent performance shows some concerning trends. Current assets have fallen by 21% to £91,000, while net assets have dropped significantly to -£34,000. Cash reserves have also decreased, and bank borrowings have increased. Trade debtors have vanished completely, suggesting a possible issue with customer payments. While creditors have also decreased, the overall picture suggests the company is burning through money. The company is small, meeting two of three conditions for a small company, but the decline in equity and the rise in debt are worth noting. As a small company, it’s exempt from an audit, so the financial statements are unaudited.

Registered in England/Wales under the registration number 13934778, with a registered address at BN21 3YA, United Kingdom, Eastbourne, East Sussex, 7-9 The Avenue.

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