City Restoration Project Ltd

City Restoration Project Ltd is a private limited company based in Aberdeen, UK, with an active status. Founded six years ago in March 2019, it’s a small, family-run business employing just two people and holding £1,586,092 in assets. The company operates from a real address at Dunbar House, 52 Kings Gate, and is overseen by two directors and two owners, Gowans Darren Victor Edward and Gowans Dean John Ronald. It’s a bit irregular, importing wood and wood products for just one month, with the last activity recorded in December 2024.

The company’s website showcases a unique business model: reviving historic buildings into one-of-a-kind homes. It focuses on projects like the Bon Accord Crescent apartments, The Cottage, and 139 Union Street, all emphasizing timeless style and sympathetic restoration. It's a far cry from a typical e-commerce operation; instead, it's a developer specializing in high-end, heritage-focused properties. The website also highlights projects like Leadside House and King Street, catering to both recreational and business travellers with serviced apartments. They even have a newsletter to keep people updated.

Financially, City Restoration Project Ltd presents a mixed picture. Current assets increased by 43% to £1,600,000, while net assets rose by 22% to £580,000. However, creditors jumped significantly, increasing by 88% to £760,000, and bank loans rose sharply. Debtors also increased dramatically, soaring by 640% to £280,000. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the rise in creditors suggests a need to manage cash flow. There’s no auditor mentioned, which is common for small, exempt companies.

The company’s focus on heritage projects and its increasing debt suggest it's investing heavily in its future, but it's a delicate balance. It’s a bit of a gamble, but the demand for unique, restored properties could pay off in the long run.

Registered in Scotland under the registration number SC622988, with a registered address at AB15 4DA, Aberdeen, Dunbar House, 52 Kings Gate.

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