Paddington Hospitality Ltd

Paddington Hospitality Ltd, based in London, UK, is a small, active company founded five years ago in 2020. With three employees and £1,772,260 in assets, it operates from a virtual address – a point to note as 233 companies are registered at the same location. The company is led by two directors and has one owner, Lucas Beguinot. It regularly imports furniture, lighting, and prefabricated buildings (14 months of import activity, latest in February 2025) and exports the same items (3 months of export activity, latest in April 2023).

The company’s website, while not detailed, indicates a focus on hotels and similar accommodation industries. It’s unclear if Paddington Hospitality Ltd directly operates hotels or provides services to them, but the name suggests a connection to the hospitality sector. The site doesn’s offer much detail, but it’s clear that the company is involved in providing goods and services to the hospitality industry.

Financially, Paddington Hospitality Ltd presents a mixed picture. While current assets decreased by 7.6% to £1,800,000, net assets plummeted 38% to £2,600,000. Bank borrowings increased by a significant 100% to £10,000,000, and cash reserves remained steady at £180,000. Creditors decreased by 15% to £800,000, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp equity drop warrants attention. The company’s increased bank borrowings could be a sign of investment or a need to cover losses, but without more information, it’s difficult to say. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The company’s increased bank borrowings could be a sign of investment or a need to cover losses, but without more information, it’s difficult to say. It’s worth noting that the company’s average number of employees increased by 270% to 11, which could be a positive sign of growth, but it also means higher wage costs. Overall, Paddington Hospitality Ltd is facing challenges, but it’s also showing signs of potential.

Registered in England/Wales under the registration number 12392458, with a registered address at W1U 6EQ, England, London, 14 David Mews.

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