Fiesta Studios Limited

Fiesta Studios Ltd from South Petherton UK is a small, holding company with an active status, having been founded 25 years ago in 1999. The company employs 14 people and holds assets totaling £957,391. It operates from a real address, is managed by three directors, and has one owner. A key element of its business is an e-commerce site, and it’s a regular importer of ceramic products, having imported for six months, with the last operation occurring in May 2023.

The company’s website showcases a restructuring process, with two brands, Vivid Squid and Druids Drawer, emerging. Vivid Squid focuses on unique souvenirs and seasonal gifts, while Druids Drawer caters to the witchcraft, pagan, and alternative markets. The website emphasizes wholesale opportunities, exclusive product ranges, and a partnership with UK artists and sculptors. It even offers a range of comical garden gnomes! The site also encourages customers to call if they can’t find something, and even has a mailing list.

Financially, Fiesta Studios Ltd shows a mixed picture. Current assets have fallen by 23%, dropping to £960,000, while net assets have also declined by 24%, reaching £1 million. Bank borrowings have vanished completely, a positive sign, but cash reserves have increased by 27%, to £26,000. Creditors have risen by 3.5%, to £900,000. Trade debtors have fallen significantly, by 27%, to £430,000. The company’s small size—meeting two of three conditions to be considered small—helps it remain flexible. The lack of a named auditor suggests it’s exempt from an audit as a small company.

The company’s financial performance suggests it's navigating a period of change, with restructuring impacting its assets and liabilities. While the decline in net assets is concerning, the reduction in bank borrowings and the increase in cash reserves offer some reassurance. It will be interesting to see how the two brands, Vivid Squid and Druids Drawer, perform in the coming months.

Registered in England/Wales under the registration number 03832731, with a registered address at TA13 5JS, England, South Petherton, Unit 11 Lopen Business Park, Lopen.

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