Londonist Dmc Ltd

Londonist DMC Ltd, a large company based in London, UK, has been active for twelve years, employing twenty people and boasting assets of £18,051,130. Founded on February 7, 2013, the company is led by two directors and owned by Erturk Asim, a solo founder. It holds a respectable Google rating of 4.0 based on 204 reviews. Londonist DMC specializes in student accommodation agency services, operating from a real address at 5 Great James Street. The company regularly imports textile products, sets, used clothing, and rags, with the last import operation occurring in December 2023.

The company’s website showcases a comprehensive list of universities and colleges it partners with, offering accommodation options for students. It’s clearly an e-commerce platform, facilitating bookings and providing information about student residences. The site emphasizes flexible bookings, wide options, and a user-friendly experience, with a "Book Now" button prominently displayed. It also highlights awards and accreditations, reinforcing its reputation in the student accommodation sector.

Financially, Londonist DMC Ltd presents a mixed picture. While turnover increased by 11%, reaching £42 million, net assets decreased by 15% to £12 million. Cash reserves fell 60% to £3 million, indicating potential cash flow challenges. Bank borrowings increased by 200%, reaching £100,000, suggesting the company may be relying on external financing. Creditors rose by 10%, reaching £2.5 million, and trade debtors increased by 150%, which could be a sign of delayed payments. The company’s average number of employees increased by 25%, reaching twenty-five, which may reflect expansion efforts. The auditor, SRG (Audit) LLP, has reported that the financial statements were prepared in accordance with FRS 102.

Despite the financial pressures, Londonist DMC Ltd appears to be a thriving business, benefiting from the strong demand for student accommodation in London. The company’s focus on providing a convenient and reliable service, coupled with its partnerships with leading universities, positions it well for continued success.

Registered in England/Wales under the registration number 08392889, with a registered address at WC1N 3DB, England, London, 5 Great James Street.

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