BTI 65 Grosvenor Street GmbH

BTI 65 Grosvenor Street GmbH is a limited liability company based in Düsseldorf, registered with the Local Court of Düsseldorf under HRB 84018; the sole shareholder is Seventeen Summer Flowers S.à r.l. (Luxembourg). The company's business purpose is the management of its own assets, especially real estate, and the holding of participations; the fixed assets include a building located in London, carried in the balance sheet at EUR 29,158,170.44. In the 2024 financial year the company reported revenue of EUR 3,282,389.58 but recorded a net loss of EUR -1,097,407.21 and a nominal deficit not covered by equity of EUR -1,190,599.53 as of 31 December 2024. According to a Janes Lang Lasalle valuation as of 31 December 2024 the market value of the property is GBP 37,100,000 (converted EUR 44,742,600), and the hidden reserves of the fixed assets therefore exceed the over-indebtedness amount by a wide margin.