Global Hospitality London Ltd

Global Hospitality London Ltd is a small, active company registered in London, UK, founded five years ago in June 13, 2019. With 36 employees and £12,125 in assets, it operates from a real address shared by only one other company. The business is led by a single director, Younes Faisal Souhail, whose role was updated eight months ago. While officially, there are no listed owners, it’s likely one of them is within the director’s list. The company’s core business involves licensed and unlicensed restaurants, cafes, event catering, and take-away food services. It also operates as an irregular importer, with its top import category being machinery, boilers, and mechanical appliances parts, with the last import operation made in November 2021.

The company’s website, globalhospitality.co.uk, reveals a different focus: executive search and recruitment within the hospitality industry. It positions itself as a leading firm specializing in identifying and placing senior-level talent locally and internationally, catering to hotels, resorts, restaurants, spas, casinos, and food service companies across North and South America, Europe, the Middle East, the Far East, Australia, Canada, and the USA. The site highlights its network of relationships, code of ethics, and areas of expertise, including a "Global Guarantee" and a detailed search process. Testimonials praise the company’s industry knowledge and ability to deliver qualified candidates.

Financially, Global Hospitality London Ltd’s recent performance presents a concerning picture. Accumulated depreciation has remained constant, but amounts owed to group undertakings have increased by 14% to £6.1 million. The most alarming trend is the dramatic decline in average employees during the period, dropping 97% to just one. Cash reserves have plummeted 81% to a mere £3,800, and net current assets liabilities have fallen from -£210,000 to -£8,400. Trade creditors have also decreased by 36%, suggesting better debt management. The company's small size (meeting two of three conditions for a small company) helps it stay agile, but the sharp decline in cash and employees raises questions about its sustainability. The accounts are unaudited and exempt, and no auditor is mentioned.

In short, Global Hospitality London Ltd appears to be facing financial challenges despite its established industry presence. While its recruitment arm seems active, the underlying business is burning through money. Whether it can recover its previous financial health remains to be seen.

Registered in England/Wales under the registration number 12049975, with a registered address at E1 1EQ, England, London, C/O Kaiser Nouman Nathan Llp Unit D, 17 Plumbers Row.

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