Platinum Accommodation Limited

Platinum Accommodation Ltd, based in London, UK, is a small, active company founded ten years ago in 2015. With 26 employees and £1,696,860 in assets, it operates as a family business with a real address and a single director. The company runs an e-commerce site and is an irregular importer, primarily dealing in soaps, cleaning products, and waxes, with the last import operation occurring two months ago in April 2024.

The company’s website, iQ Student Accommodation, focuses on providing student housing across the UK. It offers a range of rooms and studios, with a strong emphasis on convenience and social spaces. The site boasts a wide array of features, including a search function, virtual tours, and a comprehensive FAQ section, designed to assist students in finding their perfect accommodation. The website highlights various locations and room types, alongside testimonials and a focus on student life.

Financially, Platinum Accommodation Ltd’s report reveals a mixed picture. Current assets have decreased by 23%, dropping to £1,700,000, while net assets have fallen 13%, settling at £510,000. Bank borrowings have decreased significantly by 40%, reaching £65,000, and cash reserves have plummeted 68%, leaving just £650,000. Trade debtors have increased dramatically by 490%, reaching £1,100,000, while creditors have fallen 40%, settling at £80,000. 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 stay agile, but the sharp equity drop raises questions. The report doesn't mention an auditor, likely due to its small company status.

Overall, Platinum Accommodation Ltd seems to be navigating a period of financial adjustment, with challenges in asset management and a reliance on trade debtors. Despite this, the company’s strong online presence and focus on student accommodation suggest a continued presence in the market, although it's important to monitor the trends in the coming months.

Registered in England/Wales under the registration number 09440865, with a registered address at W1U 7AL, England, London, Accurist House, 38 - 52 Baker Street.

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