Tastelab Limited

Tastelab Limited, based in London, UK, is a small, active company founded seven years ago in February 2018. With fourteen employees and £-44,398 in assets, it operates from a virtual address—a detail highlighted by the fact that 8898 other companies share the same location. The company is led by one director and owner, Kaan Zain. It's classified as an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with just two months of import activity recorded as of April 2019.

The company’s activities are centered around unlicensed restaurants and cafes, other food services, take-away food shops, and mobile food stands. While no website is available to analyze, this suggests a focus on direct sales or a smaller-scale operation.

Financially, Tastelab Limited presents a mixed picture. Accumulated depreciation has increased by 33%, and cash bank on hand has decreased by 5.3% to -£44,000. Creditors have significantly increased by 42%, while equity has improved by 23% to -£180,000. The number of employees has decreased by 36%, from fourteen to nine, which could be a result of cost-cutting measures. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the negative equity and increasing taxation liabilities of £7,600 raise concerns. With no auditor mentioned, the accounts are unaudited.

The company’s financial trajectory suggests it's burning through money. While it's still active, the declining cash reserves and increasing debt point to a challenging situation. It’s likely that the company is struggling to maintain profitability and may need to implement changes to improve its financial health.

Registered in England/Wales under the registration number 11200168, with a registered address at WC2A 2JR, England, London, 7 Bell Yard.

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