Cork Property London Ltd

Cork Property London Ltd is a small holding company based in London, UK, with an active status. Founded five years ago in January 2020, it operates with a single employee and holds £1,320,991 in assets. The company’s registered address is a virtual one, shared by twenty-two other companies, which is a bit unusual. It has two directors and one owner, although the owner list isn’s exhaustive. Cork Property London Ltd is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with two months of import activity recorded ending in December 2022.

The company's website reveals a different business model entirely: Cork Real Estate Group focuses on providing passive monthly income to investors through Texas mortgage notes. It buys residential and commercial properties in Cork, Ireland, offering cash offers and handling the entire sales process—from initial contact to closing. The group emphasizes a hassle-free experience, handling repairs, removing unwanted items, and even accommodating tenants. It caters to a wide range of clients, including retiring landlords, people facing foreclosure, and those navigating divorce or inheritance issues. The website highlights its ability to close quickly and offers flexible options like selling and renting back.

Financially, Cork Property London Ltd presents a mixed picture. While current assets increased by a healthy 28%, net assets took a significant hit, plummeting 72% to £190,000. Retained earnings saw a dramatic decrease, going from -£66,000 to -£660,000. Bank borrowings remained steady, at £240,000, and cash reserves increased by 17% to £600,000. Trade creditors decreased by 82%, suggesting improved payment management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor is likely due to its small size.

Despite the decline in equity, the company's cash position and improved creditor management are encouraging. The real estate arm, meanwhile, appears to be thriving, leveraging a network of local craftspeople and offering a valuable service to property owners in Cork, Ireland. It’s unclear how the two businesses are interconnected, but both emphasize family ownership and British craftsmanship.

Registered in England/Wales under the registration number 12403930, with a registered address at W1S 3LG, England, London, 2-4 Cork Street.

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