Diamond Oak Investments Ltd

Diamond Oak Investments Ltd, based in King's Lynn, UK, is a small, active company founded eight years ago. With just two employees and £138,773 in assets, it operates from a real address and is led by a single director and owner. Boasting a perfect 5.0 Google rating from one review, it's a well-regarded local business.

The company's website reveals a focus on providing rental accommodation in King's Lynn. It advertises single rooms, double rooms, and even entire houses, catering to a variety of needs. The site emphasizes a relaxed, clean environment and high-speed WiFi, targeting students and young professionals. It also offers landlord insurance and certificates, suggesting a broader range of services beyond just renting rooms. The site’s COVID-19 update, while dated, highlights a commitment to tenant wellbeing.

Financially, Diamond Oak Investments Ltd presents a mixed picture. While fixed assets increased significantly by 30%, reaching £300,000, cash reserves have dwindled by a substantial 61%, dropping to just £2,000. Creditors have also increased, reaching £320,000. Borrowings surged by 2,400%, reaching £29,000. Despite these challenges, net assets have improved, rising to £31,000—a positive sign. The company meets the criteria to be considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor is typical for a small company.

The company’s reliance on related party loans, totaling £136,710, and a loan to Neri Spoo, suggests a close-knit network of individuals involved in the business. It's clear that Diamond Oak Investments Ltd is navigating the complexities of running a rental business, with a focus on providing affordable accommodation and maintaining a positive reputation—although the financial data indicates some pressures that need to be addressed.

Registered in England/Wales under the registration number 10326627, with a registered address at PE30 2AP, England, King's Lynn, Norfolk, 34 Cresswell Street Cresswell Street.

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