Filmriggers Ltd

Filmriggers Ltd, based in Ilford, UK, is a small, active company founded five years ago in 2019. With four employees and £23,124 in assets, it operates from a real address shared by three other companies. The business is led by two directors and two owners, though the full ownership picture is likely more complex. Filmriggers specializes in importing machinery, boilers, and mechanical appliances, though its import activity has been irregular, with the last operation recorded over five years ago.

The company’s website reveals a focus on programmable winches for the film and live entertainment industry. Filmriggers offers services like 2D, 3D, and 1D flight systems, catering to camera, dancer, and prop movement. It's clear that they’re targeting a niche market, offering bespoke rigging solutions and emphasizing expertise gained through years of experience. The site highlights the company's commitment to providing professional winching systems and even showcases past projects.

Financially, Filmriggers Ltd presents a mixed picture. Current assets have decreased significantly, dropping 66% to £23,000, while net assets have plummeted 53% to £47,000. Cash reserves have also taken a hit, falling 74% to just £15,000. Loans from directors, however, have increased by 46%, reaching £52,000, which could indicate investment in the business. Creditors have also risen, suggesting increased short-term debt. The company's small size—meeting two of three criteria for a small company—allows for flexibility, but the decline in equity is concerning. As a small company, it’s exempt from an audit, so these figures are unaudited.

The company’s irregular import history and declining financial metrics raise questions about its long-term sustainability. While its specialized services and focus on the entertainment industry offer potential, Filmriggers will need to address its financial challenges to ensure its continued success.

Registered in England/Wales under the registration number 12074402, with a registered address at IG3 9HP, England, Ilford, Essex, C/O Accounts & Tax Advisor Ltd, 29 Egerton Gardens.

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