Ultima Development Ltd

Ultima Development Ltd is a small, holding company registered in London, UK, with an active status. Founded five years ago in October 2019, it employs eleven people and holds assets totaling £1,021,776. The company operates from a virtual address – twenty-two other companies are registered at the same location – and is led by one director and two owners. It’s an irregular importer, primarily dealing in electrical machinery and equipment, with just one month of import activity recorded as of January 2022.

The company’s website, Ultima Collection, is actively hiring, focusing on providing world-class, highly personalised service in the luxury hospitality sector. It operates a collection of luxury homes, chalets, villas, spas, and a five-star hotel, emphasizing bespoke experiences and a dedicated team. The website details a strong emphasis on staff development and a culture of surprise, delight, and upscale luxury. Job opportunities are currently available across various roles, from housekeeping to front-office management.

Financially, Ultima Development Ltd presents a mixed picture. While current assets have seen a substantial increase of 450% to £1,000,000, net assets have decreased by 4.4% to -£1,600,000. Bank cash has remained steady, but trade debtors have ballooned by 560%, suggesting potential issues with customer payments. Creditors have also risen significantly, but the company’s small size (meeting two of three criteria for being a small company) allows for some flexibility. The company's equity has decreased, which is a bit concerning. No auditor is mentioned, which is likely due to the company’s exemption as a small company. The increase in average employees during the period, by 73%, is a bit surprising given the company’s size.

Registered in England/Wales under the registration number 12263536, with a registered address at W1S 3LG, England, London, 2-4 Cork Street.

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