PRECIS PROPERTIES LIMITED, W2 3BA : Companies House Number 03359880

Executive summary

Precis Properties Limited is a financially distressed hotel operating entity within the Precis Investments group, facing an existential strategic crossroads following the April 2024 discontinuation of its primary operation, the Park Grand Lancaster Gate Hotel. With negative net assets of £17.25 million, accelerating losses, and no meaningful independent asset base, the company survives solely through parent company support—making its strategic viability entirely dependent on group-level decisions about restructuring, continued investment, or orderly wind-down. The immediate priority must be determining whether this entity has a legitimate ongoing role within the group structure or whether stakeholders would be better served by consolidation or closure.

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Shareholders' funds

-£17,246,506

Balance sheet as at 2025-03-31

View full accounts →

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

View filing history →

Nature of business (SIC)

55100 Hotels and similar accommodation

Officers 4 current · 26 resigned

Satish Vattaparambil MENON Director

Appointed 2023-11-21

Dhirendra BAKHAI Director

Appointed 2023-11-21

MRS Clare Lucy GLASS Director

Appointed 2017-03-04

MR Satish MENON Secretary

Corporate Accountant Appointed 2002-08-16

View all officers and resignations →

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 370 similar companies in W, with 26 staff. Among the oldest 25% of its local peers.

21 companies are registered at this postcode →

Competitors London

1. HPREF METS LONDON INVESTMENT LIMITED

£181,365,470
2. SHUTTLEWORTH (UK) LIMITED

£77,252,592
3. VELADAIL HOTELS LIMITED

£72,564,056
4. KINGSRIDGE LIMITED

£70,297,521
5. RIVALMINSTER LIMITED

£42,695,556

This company ranks 514 among hotels and similar accommodation in London.

Full league table →

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.

Survival rates for every incorporation year →

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).