Massive Social Ltd

Massive Social Ltd is a small, active company registered in London, UK. Founded seven years ago in April 2017, it operates as a private limited company with one director and one owner, Ferri Paolo. The company's registered address is a virtual address, shared by 28,865 other companies, raising questions about its physical presence. With a single employee, it’s a lean operation.

The company’s website, Big Penny Social, presents itself as a vibrant entertainment venue offering food, drinks, and various activities. It hosts live sports, quizzes, themed nights, and even Easter events, catering to a diverse audience. Private hire is also available, accommodating groups of up to 700 people, with smaller gatherings able to book tables online. The venue emphasizes its games hall, interactive activities like darts and shuffleboard, karaoke, and a focus on sourcing high-quality food and drinks, supporting local producers where possible.

Financially, Massive Social Ltd is showing some concerning trends. Cash reserves have plummeted by 75% to a mere £110, and net assets have dramatically shrunk to just £3. Creditors have swung from a negative value to £290, and net current assets are now a negative £180. While other creditors have increased, the most worrying sign is the significant decrease in equity, falling by 100%. The company’s small size – meeting two of three criteria for a small company – allows for flexibility, but the sharp decline in equity suggests it's burning through money. The lack of an auditor (likely exempt due to its size) means these figures are unaudited.

Overall, Massive Social Ltd appears to be facing financial headwinds. While its entertainment venue shows promise, the numbers suggest it’s struggling to maintain a healthy financial footing. The rapid depletion of cash and equity are particularly worrying signs, and it’s unclear whether the business can sustain its current operations without additional investment or a change in strategy.

Registered in England/Wales under the registration number 10744155, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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