Karat Properties Ltd

Karat Properties Ltd, based in Harrow, UK, is a small, active company founded six years ago. With two employees and £1,947,225 in assets, it operates as a family business with two directors and owners. The company regularly imports furniture, lighting, and prefabricated buildings, with its last import activity recorded four months ago.

The company’s website, Karat Luxury Rentals, focuses on providing luxury villa rentals in Tenerife. It acts as an intermediary, connecting clients with high-end villas and offering additional services like private chefs and transportation. The site highlights a curated collection of unique properties and emphasizes direct contact with the team for personalized vacation planning. Reviews from satisfied customers praise the villas, service, and overall experience.

Financially, Karat Properties Ltd’s numbers paint a mixed picture. While current assets increased by 22% to £1.9 million, cash reserves have plummeted by 99% to just £1,300. Bank borrowings have surged by a substantial 38% to £1.5 million, suggesting the company is relying more on debt financing. Creditors also increased by 38% to £1.5 million. Despite these challenges, the company’s equity remains negative, at -£30,000, a 19% increase from the previous year. The company’s small size—meeting two of three criteria for a small company—helps it maintain agility, but the significant increase in debt and decline in cash reserves warrants attention. No auditor is mentioned, consistent with its status as a small, exempt company. It’s possible the company is investing heavily in its villa portfolio or marketing efforts, but the financial data suggests it’s burning through money at a rapid pace.

Registered in England/Wales under the registration number 11714096, with a registered address at HA1 3EX, United Kingdom, Harrow, 2 Jardine House, Bessborough Road.

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