North Star Sharks Ltd

North Star Sharks Ltd from Manchester UK: small company, active status, founded 3 years ago, £842 assets, yearly revenue: £4,927, real address, 1 director, 1 owner, solo founder. It’s a small business, meeting two of three conditions to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company operates in the retail sale via mail order houses or via internet industries.

The North Star Micro Hotel website paints a picture of a boutique hotel and guesthouse experience. It’s not just an e-commerce site selling products; it's a showcase for a hospitality venture. The site highlights rooms, spa treatments, and even sister locations in Pretoria and Hartbeespoort, showcasing a modern, South African aesthetic. The focus is on creating a "contemporary beach getaway" with "easy elegance and luxury," offering direct booking specials and emphasizing spectacular coastal views. There's a clear effort to attract tourists and leisure travelers, with sections dedicated to "Things to do in the Area" and a focus on relaxation and escape. The website also advertises a sister location in Hartbeespoort called Mr. C and another in Pretoria called Milner Fashion House, hinting at a broader portfolio of businesses.

Financially, North Star Sharks Ltd is facing some challenges. Current assets have plummeted 72% to just £840, and net assets are down a staggering 240% to -£5,500. Turnover has dropped dramatically, falling 77% to £4,900. Bank borrowings have increased, and cash reserves are dwindling. While creditors have increased slightly, the overall picture suggests a business struggling to maintain its financial footing. The company’s small size helps it stay nimble, but the sharp decline in equity raises concerns. No auditor is mentioned, which is typical for a small, exempt company.

It seems like the business is burning through money, with losses deepening significantly. While the hotel website presents a polished image, the financials reveal a company in need of a turnaround. It's a tough situation, but hopefully, the focus on hospitality and direct bookings can help to stabilize things.

Registered in England/Wales under the registration number 13694618, with a registered address at M8 0QB, United Kingdom, Manchester, Flat A, 32 Thurlston Crescent.

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