Vasantham Properties Ltd

Vasantham Properties Ltd from London UK: a small, active company founded four years ago, employs three people, and holds £55,052 in assets. It operates from a virtual address, managed by five directors, and surprisingly, has no registered owners. The company is an irregular importer, mainly dealing in furniture, lighting, and prefabricated buildings, with just one month of imports recorded in 2022.

The company's website paints a picture of a real estate promoter specializing in land sales around Chennai, India. Vasantham Promoters boasts over 24 million square feet of developed real estate and positions itself as a leading plot promoter, cutting out middlemen to offer affordable land. The site highlights government approvals, legal verification, and savings for buyers. It details a history of projects dating back to 2000, with land rates increasing significantly over time—a testament to Chennai’s property boom. The website also offers services like land promotion and construction, alongside a gallery of completed projects.

Financially, Vasantham Properties Ltd’s report reveals some concerning trends. Cash and bank holdings have plummeted a staggering 94%, falling to just £5,000. Creditors have increased by 10%, reaching £280,000, and trade debtors have also decreased, suggesting a potential cash flow problem. While fixed assets have surged dramatically, rising 480% to £9 million, this could be due to land acquisition or development—but it doesn’t necessarily translate to immediate profitability. Equity has seen a massive increase, up 420% to £1.4 million, which is a good sign, but the sharp decline in cash reserves is something to watch. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s nimble, but the financial pressures are evident. The report is unaudited, and no auditor is mentioned, which is common for small companies.

Registered in England/Wales under the registration number 12928632, with a registered address at E1 1EP, United Kingdom, London, Unit 3 18 Plumbers Row.

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