{"name":"PRECIS PROPERTIES LIMITED","company_number":"03359880","status":"Active","type":"Private Limited Company","incorporated":"1997-04-25","dissolved":null,"registered_office":"3 Queens Gardens, London, England, W2 3BA","postcode":"W2 3BA","sic_codes":[{"code":55100,"description":"Hotels and similar accommodation"}],"principal_activity":null,"previous_names":[{"name":"PRECIS (1531) LIMITED","changed_on":"1998-07-13"}],"warnings":[],"accounts":{"category":"Small","year_end":"31 March","last_made_up_to":"2025-03-31","next_due":"2026-12-31"},"employees":{"count":26,"accounts_date":"2025-03-31"},"financials":[{"financial_date":"2025-03-31","profit_loss":-966765,"cash":796675,"average_employees":26},{"financial_date":"2024-03-31","profit_loss":-293603,"cash":548226,"average_employees":24},{"financial_date":"2023-03-31","cash":872904},{"financial_date":"2022-03-31","cash":839981},{"financial_date":"2021-03-31","net_assets":-12488841,"cash":449445}],"officers":{"current":4,"resigned":26,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":11,"outstanding":7},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"Precis Properties Limited presents a HIGH risk profile: it is balance-sheet insolvent with £17.25m of net liabilities, loss-making with losses tripling to £967k in FY2025, and explicitly dependent on parent company support to remain a going concern, with the ultimate parent domiciled offshore in the BVI. The principal mitigant is that approximately £17.5m of its £18.8m liabilities are intra-group rather than third-party, and the company maintains compliant filings, an unqualified audit, and a modestly improved cash position. Any investment decision should be conditional on verifying the financial capacity of the supporting parent and the terms of the intra-group debt.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/precis-properties","people":"https://www.companiesintheuk.co.uk/company/precis-properties/people","filing_history":"https://www.companiesintheuk.co.uk/company/precis-properties/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/03359880","financials":"https://www.companiesintheuk.co.uk/company/precis-properties/financial","control":"https://www.companiesintheuk.co.uk/company/precis-properties/control","charges":"https://www.companiesintheuk.co.uk/company/precis-properties/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/precis-properties/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/precis-properties"}