Tulip Hotels Limited

Tulip Hotels Ltd from London UK: a small, active company founded 32 years ago, employs just three people, and holds £1,230,299 in assets. It has a real address, is overseen by three directors, and owned by Dogan Aydin. The company regularly imports various textile products, sets, used clothing, and rags, with five months of import activity recorded.

The company operates in the hotels and similar accommodation industries, and is a small business as it met two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. The company's website is non-existent, so it’s hard to determine if it operates an e-commerce site.

Financially, Tulip Hotels Ltd shows some concerning trends. Creditors increased significantly by 92%, reaching £9,100,000, while cash reserves jumped 2700%, to £140,000. Trade debtors also increased by 220%, reaching £1,000,000. The company's net assets decreased by 21%, to -£1,500,000. Bank borrowings remained constant at £50,000. The company is exempt from an audit, so the financial data is unaudited.

These numbers suggest the company is struggling to manage its debts, and it’s possible that the increase in trade debtors is due to customers taking longer to pay. The decrease in equity is also a cause for concern, and it’s possible that the company is burning through cash. It's likely that the company is facing some financial pressures, but its small size and active import activity may help it weather the storm.

Registered in England/Wales under the registration number 02790171, with a registered address at SW1X 8DT, England, London, 2 Chesham Hotel, 2 Chesham Street.

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