Wombats London Ltd.

Wombats London Ltd from London UK: small company, active status, founded 11 years ago, 34 employees, £687,078 assets, real address, 2 directors, 2 owners, google rating 4.0 based on 3259 reviews. Regular importer of machinery, boilers, and mechanical appliances; parts (3 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the youth hostels industries. It's a regular importer, with its top import category being Machinery, boilers, and mechanical appliances; parts, totaling 3 months of imports. The last import operation was conducted on October 01, 2023.

Wombats City Hostels operates hostels in Vienna, London, Munich, Budapest, and Leipzig, promoting itself as a global network of vibrant spaces for travellers. The website emphasizes booking directly for the best rates and caters to both solo travellers and groups, offering private rooms and dorms. It’s clear that the business model revolves around providing accommodation and a social atmosphere, with a strong focus on events and a “WomBAR” in each location. The website also highlights the importance of food and drinks, with a "Tasty Brekkie" and regular events like "WomBEATS" concerts.

Financially, Wombats London Ltd shows some concerning trends. While current assets decreased by 11% to £690,000, net assets plummeted 64% to just £650,000. Bank borrowings surged by 34%, reaching £160,000, and cash reserves fell 28% to £340,000. Creditors decreased by 29%, which is a positive sign, but the large equity drop raises questions. The average number of employees increased by 44%, reaching 49, which could be a result of increased demand or operational expansion. The company’s small size helps it stay agile, but the sharp equity drop and increased borrowing suggest it might be burning through cash. With no auditor mentioned, the figures rely on unaudited statements.

In short, Wombats London Ltd is a popular hostel chain facing financial pressures. Its vibrant atmosphere and events attract travellers, but the company needs to manage its finances carefully to ensure long-term sustainability.

Registered in England/Wales under the registration number 08863233, with a registered address at E1 8LL, United Kingdom, London, 7 Dock Street.

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