The Spice Lounge @number 10 Ltd

The Spice Lounge @number 10 Ltd is a small, active company based in Birmingham, UK, founded twelve years ago in 2013. With nine employees and £46,940 in assets, it operates from a virtual address – a fact highlighted by the presence of 480 other companies registered at the same location. The business is run by a solo founder, Miah Muhammad Hussain, who also serves as the director and owner. The company is in the licensed restaurants, take-away food shops and mobile food stands industries.

The Spice Lounge @number 10 Ltd is a regular importer, specializing in furniture, lighting, and prefabricated buildings, with four months of import activity recorded ending in 2016. It’s a small company, meeting two of three conditions for classification: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company’s website is currently unavailable, so it’s difficult to determine if it operates an e-commerce platform.

Financially, The Spice Lounge @number 10 Ltd shows a mixed picture. Current assets have fallen by 35% to £47,000, while net assets have decreased by 31% to £24,000. Cash reserves have also declined significantly, dropping 39% to £35,000. Trade debtors have increased substantially, rising by 230% to £9,700, which could indicate issues with customer payments. On a brighter note, creditors have decreased by 31%, suggesting improved debt management. Bank borrowings have also decreased, falling from £32,000 to £22,000. The company is exempt from an audit as a small company, so the figures are unaudited.

Overall, The Spice Lounge @number 10 Ltd appears to be navigating a period of financial adjustment. While it maintains a small but active workforce, the decrease in assets and cash reserves warrants close monitoring. The increase in trade debtors, however, suggests a potential challenge in managing customer payments.

Registered in England/Wales under the registration number 08450057, with a registered address at B19 2HN, United Kingdom, Birmingham, Six Ways Business Centre, 1 Guildford Street.

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