Cityheart Limited

Cityheart Limited, based in Chester, UK, is a holding company with an active status, celebrating nineteen years since its founding in 2005. Employing just six people, the company manages assets totaling £16,385,558, though its registered address is likely a virtual one, as 369 other companies share the same location. Cityheart is overseen by five directors and owned by Lote Tree Uk Investments Ltd and Mcnamee William, and operates an e-commerce site. It regularly imports furniture, lighting, and prefabricated buildings, with its last import operation recorded five months ago.

The company's website showcases Cityheart as specialists in public sector regeneration, working with government bodies to deliver and manage projects across the UK. They focus on mixed-use developments, residential schemes, student accommodation, and even healthcare and judicial facilities. Projects highlighted include developments in Northampton, Bishops Stortford, and Wigan, demonstrating a broad geographic reach. The website also features a news section, detailing recent project milestones and partnerships, like a collaboration with Oak Construction Projects in Stockport.

Financially, Cityheart Limited presents a mixed picture. While cash and cash equivalents increased significantly by 130%, rising to £2.6 million, net assets experienced a substantial decrease, plummeting 93% to just £190,000. Administrative expenses jumped a hefty 67%, reaching £2.3 million, and net losses ballooned to -£2.5 million. Bank borrowings increased, and staff costs rose considerably, reflecting a period of investment and expansion. Creditors also decreased, suggesting improved debt management. The company’s accounts are unaudited, and the listed auditor is Haines Watts Chester. Despite these challenges, Cityheart’s focus on public sector partnerships and diverse project portfolio suggests a resilient business model.

Registered in England/Wales under the registration number 05609443, with a registered address at CH4 9QP, United Kingdom, Chester, Cheshire, 2 Hilliards Court, Chester Business Park.

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