Rigging Services Direct Limited

Rigging Services Direct Limited is a small, active company based in London, UK, founded eighteen years ago in 2006. With £3,709,149 in assets and a real registered address at 3 Mills Studio, it employs twenty-three people and is run by two directors and a single owner, who is also the solo founder. The company operates in the renting and leasing of machinery and equipment, and provides support to the performing arts industry. It’s a regular importer of machinery, boilers, and mechanical appliances, with fifteen months of import activity recorded, the latest in December 2024. It also exports these items, though less frequently, with just one month of export activity noted, also in December 2024.

The company’s website doesn’t offer much detail beyond its core business, suggesting a focus on direct sales rather than extensive online marketing. It’s likely that Rigging Services Direct operates primarily through direct contact with clients, rather than a large e-commerce presence.

Financially, the company shows a mixed picture. Current assets increased by 18% to £3,700,000, while net assets grew by 17% to £2,800,000. However, cash bank on hand dropped significantly by 40% to £1,000,000. Trade debtors increased considerably, rising 67% to £2,000,000, which could indicate delayed payments from clients or an expansion of credit terms. Creditors also increased, with short-term liabilities up 7.6% to £1,600,000. 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 for flexibility, but the decrease in cash reserves is something to keep an eye on. The accounts are unaudited and exempt, so the figures rely on director-reported data.

It appears that Rigging Services Direct is navigating a period of growth, but also faces challenges in managing its cash flow. The increase in debtors suggests a need to monitor payment cycles closely, and the decrease in cash reserves could indicate a need to explore financing options.

Registered in England/Wales under the registration number 05962649, with a registered address at E3 3DU, London, Greater London, 3 Mills Studio, Three Mill Lane.

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