Rak Studios Ltd

Rak Studios Ltd, based in London, UK, is a small, active company founded 23 years ago in 2001. With six employees and £1,173,704 in assets, it operates from a real address in St. Johns Wood and is overseen by four directors and two owners. It has a stellar 5.0 Google rating from 71 reviews. The company is an irregular importer of electrical machinery and equipment, with its last import activity recorded one month ago.

Rak Studios is a well-established recording studio, boasting four studios equipped with state-of-the-art equipment and staffed by experienced engineers. It caters to a wide range of musical genres and offers in-house accommodation, catering facilities, and off-street parking for clients. The studio's website highlights its history, equipment, engineers, and client testimonials, emphasizing its reputation as a premier recording destination. It also has a publishing and management arm.

Financially, Rak Studios Ltd shows some concerning trends. Current assets have declined by 6.8% to £1,200,000, while net assets have increased by 14% to £1,700,000. Cash bank on hand has decreased by 5.5% to £1,100,000. Trade debtors have decreased by 21% to £83,000. Creditors have increased significantly, with those due within one year rising by 97% to £100,000. 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 remain flexible, but the increase in short-term debt raises questions about its liquidity. As a small company, it is exempt from an audit, so the figures are unaudited.

While Rak Studios has a strong reputation and a loyal clientele, the financial data suggest it may be facing some challenges in managing its short-term liabilities. The company's continued success will likely depend on its ability to maintain its high-quality service and attract new clients.

Registered in England/Wales under the registration number 04274375, with a registered address at NW8 7BU, London, 42-48 Charlbert Street.

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