Paradise Island Limited

Paradise Island Limited, based in London, UK, is a small, active company established eight years ago. With just three employees and a virtual address, the company operates as a family business, boasting a stellar 5.0 Google rating from 24 reviews. It’s overseen by three directors and three owners, and has a real registered address.

The company specializes in retail sales via mail order and internet, as well as business and domestic software development. Its website highlights luxury tailor-made holidays to the Maldives and Sri Lanka, alongside aviation services, corporate travel, weddings, and honeymoons. The site offers a range of services, from flights and accommodation to wedding planning and disaster recovery for pianos.

Financially, Paradise Island Limited shows a mixed picture. Cash bank on hand increased by a significant 46% to £59,000, which is good news. However, equity dropped by 26% to £32,000, and net current assets decreased by 48% to £12,000. Creditors have also increased substantially, jumping 170% to £48,000. The company's turnover remains under £10.2 million, balance sheet total under £5.1 million, and it employs fewer than 50 people, classifying it as a small company. The lack of an auditor is likely due to its small size.

The increase in creditors and decrease in equity suggest the company might be facing some financial pressure, although the increase in cash reserves offers some reassurance. The company’s focus on niche, luxury travel could be a strength, but it also makes it vulnerable to economic fluctuations and changing travel trends. The company’s management team, comprised of three directors and owners, is likely deeply involved in day-to-day operations, which could be both an advantage and a potential bottleneck.

Registered in England/Wales under the registration number 10152090, with a registered address at W1F 7TA, England, London, Thorne Lancaster Parker, 5th Floor Palladium House, 1-4 Argyll Street.

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