Right On Studio Limited
- Small
- Active
- 5 years
- 5 employees
- £713,785 (assets)
- Real address
- 2 directors
- 2 owners
- Regular importer
- Regular exporter
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Right On Studio Limited, based in Frome, UK, is a small, active company established five years ago. Boasting £713,785 in assets and employing five people, it's a family-run operation with two directors and two owners. The company regularly imports treated or layered fabrics for industrial use, with recent activity recorded in July 2024, and exports carpets and textile floor coverings, with the latest shipment in November 2024.
The company’s website reveals a thriving dance studio, Inspire Dance Studios, offering a wide range of classes from ballet to street dance, and even Mini Movers and Sing Sign for babies. It’s clearly a community-focused business, emphasizing fun, fitness, and professional development for dancers of all ages. The website's design is modern and engaging, showcasing the studio's vibrant atmosphere and talented instructors. They also have a section for booking classes online.
Financially, Right On Studio Limited shows a mixed picture. Cash bank on hand has seen a substantial increase of 110%, jumping to £350,000, which is a positive sign. However, creditors have also risen by 48%, reaching £520,000, suggesting a greater reliance on short-term borrowing. Net assets have improved by 53%, reaching £230,000, which is good, but trade debtors have also increased by 21%, potentially indicating slower customer payments. Depreciation on property and equipment has remained steady. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The accounts are abridged and unaudited, and no auditor is mentioned.
Overall, Right On Studio Limited appears to be growing, with increased cash reserves and assets, but also managing higher levels of debt. The dance studio's popularity seems to be driving growth, but the company will need to carefully manage its finances to ensure long-term sustainability. The increased debt is something to keep an eye on.
Registered in England/Wales under the registration number 12098939, with a registered address at BA11 1HR, England, Frome, A.01 The Old Church School, Butts Hill.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 5 years
- 25%+
-
Resident of United Kingdom
-
Individual
- 5 years
- 1
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- 5 years
-
Resident of United Kingdom
-
Individual
- 5 years
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted eleven months ago.
Last news
-
Unaudited abridged accounts made up to 2024-07-31Download 8 pages pdf report
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Confirmation statement made on 2024-07-10 with updatesDownload 4 pages pdf report
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Micro company accounts made up to 2023-07-31Download 4 pages pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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FAQ about Right On Studio Limited
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