Londres Developments Limited

Londres Developments Limited is a small, active company based in London, UK, founded 31 years ago in 1993. With £447,568 in assets and eleven employees, it’s a family-run operation with two directors and a solo founder, Jacob Nicholas. The company has a real registered address, and operates as an irregular importer of iron or steel products, with just one month of import activity recorded as of July 2024.

The company’s website showcases a diverse range of services, including property development, property management, and interior design. It even has a project section, and a contact us page. The website gives the impression of a company focused on high-end projects, with a focus on London properties. It’s not clear if the website is used for ecommerce, but it does showcase their work and provides contact information.

Financially, Londres Developments Limited presents a mixed picture. Current assets have fallen significantly by 81%, dropping to £450,000, while net assets have increased by 12%, reaching £3.9 million. Cash bank on hand has plummeted by a staggering 95%, down to just £110,000. Trade debtors have increased dramatically, up 140% to £340,000, suggesting a reliance on customer payments. Creditors have also decreased, down 16% to £6.3 million. 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 remain flexible, but the sharp drop in cash reserves is concerning. No auditor is mentioned, likely due to the company’s exemption as a small company.

In short, Londres Developments Limited is facing challenges. While its property services seem to be operating, the significant decline in cash reserves suggests it may be burning through money. The company’s long history and solo founder status could be both a strength and a weakness, but for now, its financial health is uncertain.

Registered in England/Wales under the registration number 02841039, with a registered address at SW1W 9NF, England, London, 25 Ep 25 Eccleston Place.

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