Waakye Joint Limited

Waakye Joint Limited is a small, active company based in London, UK, founded four years ago in 2020. With six employees and £203,942 in assets, it operates as a solo-founded business with one director and owner. The company runs an e-commerce site specializing in African comfort food, offering a range of options from breakfast and soups to rice and meat dishes. It's an irregular importer, bringing in milling products for about one month, with the last import occurring in October 2024. The business operates in the unlicensed restaurants and cafes, take-away food shops, and mobile food stands industries.

The company’s website, Waakye Joint, showcases a vibrant selection of Ghanaian and Nigerian dishes, with a focus on convenience and delivery. It offers exclusive deals, a dine-in reservation system, and even a blog with allergen information. The site also highlights its commitment to quality, featuring a perfect 5.0 Google rating and emphasizing its food hygiene ratings from the Food Standard Agency. Branches are located in Streatham High Road, Wellingborough Road, and West Green Road.

Financially, Waakye Joint Limited presents a mixed picture. Accumulated depreciation for plant machinery increased by 90%, while vehicles remained unchanged. Cash bank on hand decreased by 43% to £24,000, and creditors rose by 70% to £210,000. Despite these challenges, current assets increased by 62% to £200,000, and debtors also increased by 14%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decrease in equity—7%—raises some questions. The company’s average number of employees increased by 33% to eight. With no auditor mentioned, the figures are unaudited.

Overall, Waakye Joint Limited seems to be navigating a period of growth and change. While the financials show some strain, the company’s strong online presence and focus on a niche market suggest potential for future success.

Registered in England/Wales under the registration number 12855694, with a registered address at N15 5NS, England, London, 80 West Green Road.

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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