Patchwork London Limited

Patchwork London Limited, based in Hitchin, UK, is a small, active company founded 14 years ago in 2011. With five employees and £383,117 in assets, it’s a well-established operation boasting a perfect 5.0 Google rating from eight reviews. The company is run by three directors and one owner, and has a real registered address. It’s an irregular importer, with its top import category being Electrical machinery and equipment, totaling two months of imports, the last one recorded in September 2023.

The company’s website highlights its role as a "global audio rental and sales partner" for the touring and live events industry. It provides equipment for high-profile events like Anne Marie concerts and Burna Boy tours, and even supplies gear for Les Mills fitness classes. The site also lists several associated companies: Patchwork Audio Ltd, Patchwork Sound Ltd, Patchwork Live Ltd, and Patchwork Touring Ltd. These likely represent different facets of the audio and live events business.

Financially, Patchwork London Limited presents a mixed picture. Current assets grew by 7.6% to £380,000, while net assets increased by 17% to £910,000—a positive sign. However, cash reserves decreased by 6.9% to £150,000. Creditors decreased by 42% in the last year, but increased 27% within the last year. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to be nimble, but the fluctuating creditor figures suggest a need for careful cashflow management. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Patchwork London Limited appears to be a stable, albeit somewhat cash-constrained, business. Its focus on high-profile events and associated companies suggests a diversified revenue stream, but the fluctuating creditor figures warrant close attention.

Registered in England/Wales under the registration number 07585075, with a registered address at SG5 3ED, England, Hitchin, Herts, Unit 2, Offley Hoo Farm Hoo Lane, Great Offley.

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