Rhapsody Limited

Rhapsody Limited is a large holding company based in Colchester, UK, with an active status. Established 48 years ago in 1976, the company employs 35 people and holds £2,116,000 in assets, generating £5,597,000 in revenue annually. Despite a real registered address, the company utilizes a virtual address, with sixteen companies registered at the same location—a potential red flag. Seven directors and one owner oversee operations, and the company imports toys, games, and sports equipment, though irregularly, with the last import occurring in December 2024.

Rhapsody Limited operates as a creative and media production agency, providing end-to-end solutions for brands, including print, digital, and video experiences. Its website highlights a diverse range of services, from strategy and design to production and technology, catering to clients like Google, Harrods, and Burger King. The company’s website showcases its work through case studies and testimonials, emphasizing its ability to craft meaningful connections between brands and audiences. It’s clear that Rhapsody is focused on providing a full suite of creative services, leveraging both traditional and digital channels.

Financially, Rhapsody Limited presents a mixed picture. While turnover increased by 11% to £5,600,000, net assets took a significant hit, falling 33% to £970,000. Bank borrowings increased substantially, and cash reserves declined by 15% to £130,000. Creditors decreased by 23%, suggesting better debt management. The company’s administrative expenses increased by 26%, though this was offset by a decrease in net losses. The company’s small size (meeting two of three criteria for turnover under £36 million, assets under £18 million, and fewer than 250 employees) helps it stay agile, but the sharp equity drop raises questions. No auditor is mentioned, which is likely due to the company being exempt as a small company.

Overall, Rhapsody Limited appears to be navigating a period of change. While its creative services are in demand, the company’s financial health requires close monitoring. The decrease in equity suggests a need to improve profitability, and the company should focus on managing its debts and maintaining its cash reserves.

Registered in England/Wales under the registration number 01280705, with a registered address at CO3 8PH, England, Colchester, 18 Westside Centre London Road, Stanway.

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