The Blues Kitchen Limited

The Blues Kitchen Limited is a small, active company based in Colindale, London, UK. Founded sixteen years ago in March 2009, it employs sixty-three people and holds £771,524 in assets. The company operates from a virtual address – a detail flagged by the fact that 522 other companies are registered at the same location – and is managed by three directors and two owners. It’s an irregular importer, having imported goods for just two months in the past, with the last import operation occurring in November 2020.

The Blues Kitchen’s website highlights its four locations: Brixton, Camden, Manchester, and Shoreditch. It positions itself as a destination for "best bars and restaurants," specializing in large group dining. The site’s focus is clearly on providing a restaurant and bar experience, with no obvious e-commerce functionality. It seems to be a brick-and-mortar business, relying on foot traffic and reservations.

Financially, The Blues Kitchen Limited shows a mixed picture. Current assets increased by a significant 69%, reaching £770,000, while net assets grew by 27% to £870,000. Cash reserves have seen a dramatic increase of 100%, now standing at £420,000. However, bank borrowings have also increased, rising by 2.5% to £10,000. Creditors have increased by 24% to £560,000, and trade debtors have also risen, up 55% to £310,000. It’s worth noting that the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s exempt from a full audit, so these figures are unaudited. The company’s auditor is Grunberg & Co Limited.

The increase in assets and cash reserves suggests a period of growth, but the rise in both creditors and debtors could indicate challenges in managing cash flow. The company's focus on physical locations, rather than online sales, suggests a reliance on in-person customer traffic, which could be vulnerable to economic fluctuations. The management team, led by directors Ashraf Jawad, Shaikh Rizwan Khaleel, and Ball Steven Ian, will need to carefully monitor these trends to ensure the company’s long-term financial health.

Registered in England/Wales under the registration number 06847642, with a registered address at LS12 6AJ, England, Leeds, West Yorkshire, 2 Pavilion Business Park Royds Hall Road, Lower Wortley.

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