Payanam Ltd

Payanam Ltd is a small, active company based in London, UK, founded three years ago in July 2021. It operates from a virtual address, with one director and one owner – the solo founder, Rasaiah Ravikumar. The company meets two of the three conditions to be considered small: turnover under £10.2 million and a balance sheet total under £5.1 million, and employs less than 50 people.

The business focuses on retail, specifically in commercial art galleries, stalls and markets selling textiles, clothing and footwear, and via mail order or internet. It’s a subsidiary of Sangam Group of Hotels, a large hotel chain in South Tamil Nadu, leveraging that foundation to provide customer satisfaction and an exemplary holiday experience. Payanam offers both national and international travel packages, including cruises with Cordelia Cruises, catering to corporate retreats and school excursions. The website highlights handcrafted itineraries, a record of 96 customer satisfaction, and partnerships with established brands.

Financially, Payanam Ltd’s numbers paint a mixed picture. Cash on hand has decreased slightly, falling by 2.2% to £2,600. Creditors have increased by 6.9% to £4,100, while deferred income has dropped significantly by 36% to £2,400. Equity has also declined, with retained earnings and accumulated losses down 25% to -£1,600. A notable increase in "Other Creditors" – up a staggering 7,400% to £1,600 – suggests potential short-term financing needs. The company’s small size and exemption from an audit means the figures are unaudited. It’s a bit concerning that the company is showing a loss, but it's likely a startup phase.

Registered in England/Wales under the registration number 13507839, with a registered address at EC1V 2NX, England, London, 124 City Road.

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