La Plaza World Ltd

La Plaza World Ltd from Hayes UK is a small company with an active status, founded five years ago. It employs one person and holds £11,982 in assets, operating from a real address. The company is led by a single director and owner, a solo founder. It's an irregular exporter of essential oils and perfumes, with just one month of export activity recorded as of January 2023.

The company’s website, The Plaza Prizes, is dedicated to international literary contests. It offers a range of prizes—from poetry to short stories—with substantial cash awards and publication opportunities. The site highlights judging panels featuring renowned authors, including Booker, Pulitzer, and T.S. Eliot prize winners. The Plaza Prizes aims to provide a platform for emerging writers and foster a vibrant literary community, offering digital submissions, audio stories, and literary works.

Financially, La Plaza World Ltd’s numbers paint a concerning picture. Accumulated depreciation has increased by 33%, and cash bank on hand has only risen slightly by 2.8%. A significant issue is the surge in creditors, jumping 660% to £110,000, and loans from directors increasing by 610% to £100,000. Net assets have plummeted to -£97,000, and net current assets are also negative at -£97,000. Although the company’s small size (meeting two of three conditions for a small company) allows for flexibility, the substantial decline in equity and the increase in liabilities suggest a company struggling to manage its finances. The accounts are unaudited and were prepared using Taxfiler software. The company is exempt from an audit as a small company.

While The Plaza Prizes website presents a prestigious literary platform, the underlying company’s financial health is precarious. It’s possible that the literary contest is not generating sufficient revenue to cover the company’s operational costs, or perhaps the company is investing heavily in marketing and development.

Registered in England/Wales under the registration number 12551466, with a registered address at UB4 8PD, England, Hayes, 123 Charville Lane.

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