Fair Suites Ltd

Fair Suites Ltd, based in London, UK, is a small, active company founded two years ago. With ten employees and £31,976 in assets, it operates from a virtual address—a fact highlighted by the presence of 48,432 other companies registered at the same location. The company is led by two directors and two owners, although the list of owners may not be exhaustive. It's an irregular importer, primarily dealing with ceramic products, with the most recent import occurring two months ago in February 2024.

The company’s website paints a very different picture. It's a luxury hotel, The May Fair, offering a wide range of rooms and suites, restaurants, bars, event spaces, and a spa and gym. The hotel boasts over 400 rooms, including 37 suites, and emphasizes its Mayfair location, award-winning kitchen and bar, and elegant design. The website is clearly geared towards attracting high-end clientele, showcasing its services and amenities in detail. It’s a significant contrast to the company’s relatively modest financial profile.

Looking at the financial data, Fair Suites Ltd is showing some concerning trends. While the company is small, meeting two of three criteria to be considered small, its equity is negative at -£12,000, indicating accumulated losses. Cash reserves are stable at £27,000, but bank borrowings have increased significantly, reaching £29,000. Creditors have also risen, suggesting potential cash flow pressures. The company’s net assets are also negative. The lack of an auditor mentioned, due to its small size, means the figures are unaudited.

It's clear that while The May Fair Hotel appears to be thriving, Fair Suites Ltd, the company behind it, is facing financial challenges. The reliance on bank borrowings and the negative equity suggest the company is burning through money, and it’s likely that the hotel’s success isn't fully translating into healthy company finances.

Registered in England/Wales under the registration number 14362399, with a registered address at EC1V 2NX, United Kingdom, London, 128 City Road.

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