Artist Residence Penzance Limited

Artist Residence Penzance Ltd from London UK: small company, holding company, active status, founded 16 years ago, 29 employees, £1,347,118 assets, virtual address, 4 directors, 1 owner, google rating 5.0 based on 371 reviews. Irregular importer of ceramic products (1 months imported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the hotels and similar accommodation industries. The company is a irregular importer, with its top import category being Ceramic products, totaling 1 months of imports. The last import operation was conducted on November 01, 2023.

Artist Residence Penzance Ltd's website showcases a collection of boutique hotels and guesthouses across London, Brighton, Bristol, Cornwall, and Oxfordshire. The site is primarily a visual experience, featuring stunning photography of each property and highlighting unique design elements. There's no obvious e-commerce functionality; instead, visitors are directed to booking pages on external platforms. The site focuses on brand awareness and showcasing the aesthetic appeal of the Artist Residence hotels, rather than direct sales. It’s a beautiful site, but it doesn’t seem to be selling anything directly.

Financially, Artist Residence Penzance Ltd presents a mixed picture. Current assets increased by 15% to £1.3 million, while net assets rose by 8% to £940,000. However, bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 48% to £17,000. Creditors decreased by 20%, suggesting better debt management. The company’s small size helps it stay agile, but the sharp increase in borrowings raises questions. The company’s equity has also grown, which is a good sign, though it’s worth noting that the accounts are unaudited, and it's likely exempt from an audit as a small company. The company’s growth in assets is promising, but the increase in bank borrowing suggests it’s perhaps burning through cash a little fast.

Registered in England/Wales under the registration number 06883429, with a registered address at EC1M 4JN, United Kingdom, London, 82 St John Street.

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