The Venue Preston Ltd

The Venue Preston Ltd is a small, active company based in Leicester, UK, founded seven years ago in 2017. It employs five people and holds £51,963 in assets, operating from a virtual address shared by many other companies. With one director and owner, Ahmed Munaf Majid, the company regularly imports furniture, lighting, and prefabricated buildings – though just four months of import activity were recorded, the last in 2018.

The venue describes itself as Preston’s largest leisure venue, offering a range of activities including laser tag, crazy golf, bowling, darts, and karaoke. Its website showcases a multi-level entertainment space with food and drink options, sports bar, and VIP party packages, catering to corporate events, kids parties, and students. It’s a place for all levels and abilities.

Financially, The Venue Preston Ltd presents a mixed picture. While cash reserves increased by a substantial 95% to £21,000, current assets dropped by 230% to £52,000. Trade debtors, however, increased dramatically, by 510%, reaching £31,000. Bank borrowings decreased slightly, and creditors remain relatively stable. The company’s small size—meeting two of three criteria for a small company—helps with agility, but the significant drop in equity to -£140,000 is a concern. The accounts are unaudited, a common exemption for small companies, and no auditor is listed.

The company’s focus on leisure and entertainment seems to be working, with a diverse range of activities and a well-designed website. However, the financial data suggests that it may be burning through cash, and it’s important to monitor its performance closely.

Registered in England/Wales under the registration number 11016437, with a registered address at LE5 4LE, England, Leicester, Leicestershire, 109 Coleman Road.

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