Gravity London Limited

Gravity London Limited, based in London, UK, is a private limited company with an active status, established sixteen years ago in 2008. The company, which employs sixty people and holds £30,506,178 in assets, operates from a real address at 69 Wilson Street, EC2A 2BB. It’s a holding company with five directors and one owner, and irregularly exports machinery, boilers, and mechanical appliances – parts, with its last export operation taking place two months ago in July 2019.

The company’s primary focus appears to be providing coliving and selfliving spaces in London. Its website showcases a range of apartments and studio flats, emphasizing flexible contracts, utility bills included, and a community-focused approach. Gravity offers both private rooms within shared spaces (coliving) and self-contained flats, catering to a diverse range of renters. The website also highlights partnerships with brand partners, offering discounts and events for its members. The company’s website suggests a focus on creating a vibrant community and providing a convenient, modern living experience.

Financially, Gravity London Limited presents a mixed picture. While current assets increased by 23%, to £31 million, net assets decreased by 1.9% to £8.2 million. Bank borrowings have increased by 180% to £22 million, and cash bank on hand has decreased by 76% to £1.6 million. Creditors decreased by 4.9% to £18 million. The company’s administrative expenses increased significantly by 22% to £8.3 million, while profit loss declined by 110% to -£160,000. The company’s assets are audited by Moore Kingston Smith LLP. The company’s small size (meeting two of three criteria for turnover over £36 million, assets over £18 million, and over 250 employees) means it is not required to publish detailed financial information. The company’s financial statements are prepared in accordance with FRS 102. The decline in profits, despite increased assets, suggests that the company is facing challenges in managing its expenses and converting revenue into profit.

Registered in England/Wales under the registration number 06749773, with a registered address at EC2A 2BB, London, 69 Wilson Street.

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