Kiwi Development Limited

Kiwi Development Limited is a small, active company based in London, UK, founded 14 years ago in 2010. It employs two people and holds £165,107 in assets, operating from a real address at 11 Upper Grosvenor Street. The company is a family business, with two directors and two owners, Ojjeh Karim and Ojjeh Ali, at the helm. It’s an irregular importer, focusing on furniture, lighting, and prefabricated buildings, with its last import operation recorded two months ago in June 2023. The company operates in the development of building projects industries.

The company’s website, Kiwi Villas, presents a different picture entirely. It's a visually-heavy site filled with numbers and seemingly random text, suggesting a focus on luxury villas and potentially a broader range of services. The site mentions awards like the World Travel Awards and European Best Destinations, implying a focus on tourism and hospitality. It also references a partnership with Toyota, offering hybrid RAV4s—a surprising diversification from building projects. The site's design is somewhat chaotic, with repeated numbers and phrases, and the lack of clear navigation makes it difficult to understand the core business. It’s not clear if Kiwi Development Limited and Kiwi Villas are two separate entities, or if the latter is a project or marketing arm of the former.

Financially, Kiwi Development Limited is showing some concerning trends. Net assets have plummeted 80%, falling from £40,000 to just £7,900—a significant drop. Cash reserves have also decreased, falling 19% to £140,000. While creditors have decreased by 83%, dropping to £14,000, trade debtors have ballooned by 540%, reaching £25,000—suggesting potential issues with collecting payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. The company is exempt from an audit, so the figures rely on unaudited statements.

In short, Kiwi Development Limited is facing financial pressures, despite its apparent focus on building projects and potential diversification into tourism. The chaotic website suggests a company struggling to clearly define its brand and services—a challenge that could impact its long-term sustainability.

Registered in England/Wales under the registration number 07407347, with a registered address at W1K 2NB, London, 11 Upper Grosvenor Street.

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