On20 Studio Ltd

On20 Studio Ltd is a small, active company based in London, UK, founded six years ago in 2018. With just one employee and £8,229 in assets, it operates from a virtual address, a detail that’s a little unusual given that 984 other companies are registered at the same location. The company is led by one director and one owner, though it's worth noting that the owner list might not be exhaustive.

The company’s website reveals a different story: On20 Apartments, a student housing provider near the University of Florida in Gainesville, FL. The site is a slick, modern operation, showcasing fully furnished apartments, resort-style amenities, and a vibrant community atmosphere. It’s clearly focused on attracting and retaining students, with virtual tours, detailed floor plans, and a dedicated parental insights section. The site’s focus is on ecommerce, offering a range of apartment options from one-bedroom to four-bedroom units, all with varying square footage and features.

Financially, On20 Studio Ltd presents a mixed picture. Cash bank on hand has fallen significantly, dropping 89% to just £130, with current assets also down 35% to £8,200. However, trade debtors have increased dramatically, jumping 890% to £7,000—a sign that the company might be extending credit to customers or experiencing delays in receiving payments. Equity, on the other hand, has increased by 15% to £1,200. Creditors have decreased by 40%, suggesting better management of short-term debts.

While the company meets the criteria for being a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees, the significant decrease in cash reserves and the surge in trade debtors raise concerns. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited director reports. It’s possible that the student housing business is seasonal, with revenue concentrated during specific periods of the year, but the financial data suggests that On20 Studio Ltd is burning through money.

Registered in England/Wales under the registration number 11542487, with a registered address at N8 0RL, England, London, Demsa Accounts 565 Green Lanes, Haringey.

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