Timsam Ltd

Timsam Ltd, based in Ruislip, UK, is a small, active company founded six years ago. Despite its status, the business faces challenges, with both accounts and confirmation statements overdue for two years. Employing just three people, it holds £27,242 in assets and operates from a real address, managed by a single director and owner – a solo founder. A Google rating of 1.0 from a single review suggests room for improvement. The company is an irregular exporter, with just one month of export activity recorded, focused on "None."

The company's website, Mamasan Bookings Liverpool, reveals a vibrant, experiential dining concept. It's a three-floor restaurant with striking interiors, DJs, and a rooftop terrace. Mamasan Liverpool offers a range of menus, including A La Carte, Lunch, Dessert, and Dim Sum Disco, alongside bottomless drinks and live music events. The website clearly targets a younger, trend-conscious audience, emphasizing a lively atmosphere and curated experiences. It's an active e-commerce site, taking bookings and promoting events.

Financially, Timsam Ltd’s situation appears precarious. Current assets have plummeted 95%, falling to £27,000, while net assets have dropped 270% to -£43,000. Cash reserves have shrunk 46% to just £20, as bank borrowings have increased. Creditors have risen 10% to £16,000, and trade debtors have ballooned by 940% to £27,000. Despite meeting two of three criteria to be considered a small company, the significant equity decline and negative net assets raise concerns. The company is exempt from an audit, so the figures are unaudited.

In short, Timsam Ltd appears to be burning through money. The lively restaurant concept and events are attractive, but the company’s finances suggest it’s struggling to sustain its operations. It's a high-risk, high-reward situation.

Registered in England/Wales under the registration number 11734716, with a registered address at HA4 8JY, England, Ruislip, 161 High Street.

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