PRECIS PROPERTIES LIMITED
Company number 03359880 · Monitor this company
Executive summary
PRECIS PROPERTIES LIMITED is a balance sheet insolvent entity with net liabilities of £17.2 million, which has recently lost its primary operating asset and revenue stream following the surrender of its hotel lease. The company is entirely reliant on parent company support to meet its operational liabilities, with operating losses nearly tripling in the latest financial year to £966k. From a standalone credit perspective, the business is non-viable and poses an extreme risk of default.
Shareholders' funds
-£17,246,506
Balance sheet as at 2025-03-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 1997-04-25
- Employees
- 26 (2025 accounts · was 24 in 2024)
- Registered office
- 3 Queens Gardens, London, England, W2 3BA
- Postcode
- W2 3BA
- Capital
- 2 GBP
- Accounts category
- Small
- Charges
- 7 outstanding
Accounts
- Last made up to
- 2025-03-31
- Next due by
- 2026-12-31
- Financial year end
- 31 March
Confirmation statement
- Last statement dated
- 2026-08-15
- Next due by
- 2027-08-29
Nature of business (SIC)
- 55100 Hotels and similar accommodation
Officers 4 current · 26 resigned
Group structure
Controlled by PRECIS INVESTMENTS LIMITED — since 2016-08-11
From persons-with-significant-control filings on the public register.
Data protection registration
Registered with the ICO as a data protection fee payer — ZA293687 (Tier 1), registered since 2017.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Previous company names
| Name | Date changed |
|---|---|
| PRECIS (1531) LIMITED | 1998-07-13 |
Previous registered addresses 5
| Address | Changed on |
|---|---|
| 92 KENTON LANE, KENTON, HARROW, MIDDLESEX HA3 8UE | 1999-10-12 |
| 31 BELGRAVE SQUARE, LONDON, SW1X 8QB | 1999-10-12 |
| NARROW QUAY HOUSE, NARROW QUAY, BRISTOL, BS1 4AH | 1998-07-17 |
| 25 SAVILLE ROW, LONDON, W1X 1AA | 1997-10-22 |
| LEVEL 1 EXCHANGE HOUSE, PRIMROSE STREET, LONDON, EC2A 2HS | 1997-07-18 |
Among its peers
Among the biggest employers
of 380 similar companies in W, with 26 staff. Among the oldest 25% of its local peers.
Competitors London
This company ranks 517 among hotels and similar accommodation in London.
The class of 1997
55%
of the 218 companies in this sector incorporated in 1997 are still active today; 43% have since been dissolved.
A fact about the year, not a forecast for this company.
Property in England & Wales 4 titles
- Leasehold
- 4
- Most recent registration
- 2016-06-30
- Where
- Greater London (4)
| Title number | County | Tenure | Registered | Price paid |
|---|---|---|---|---|
| NGL961399 | Greater London | Leasehold | 2016-06-30 | — |
| NGL911404 | Greater London | Leasehold | 2010-06-24 | — |
| NGL878820 | Greater London | Leasehold | 2007-04-12 | — |
| NGL857639 | Greater London | Leasehold | 2006-01-13 | — |
For addresses and the authoritative register entry, use HM Land Registry's official search (£3 per title).
Information produced by HM Land Registry. © Crown copyright 2026. Dataset as at 2026-08.