Rockwater Group Ltd

Rockwater Group Ltd is a small holding company based in Brighton, UK, with an active status. Founded six years ago in 2019, the company employs 245 people and holds £468,492 in assets. Its registered address is virtual, with 889 companies registered at the same location, raising some questions. The company is directed by two individuals and owned by Iw Capital Nominee Ltd, with the ownership list having been updated recently. Rockwater Group Ltd operates in the licensed restaurants, public houses and bars, take-away food shops and mobile food stands industries, and is an irregular importer of furniture, lighting, and prefabricated buildings, with just one month of import activity recorded as of July 01, 2023.

The company’s website, Rockwater Premier Venues, showcases a collection of venues in Brighton and Hove, offering bookings, menus, private hire options, and even a podcast. The site heavily emphasizes a premium experience, with sections dedicated to "Open Water Membership" and "Rockwater Life." Cookies are used to enhance the user experience, with a detailed privacy overview explaining their purpose. The site’s focus is clearly on attracting customers to its venues, highlighting events and showcasing a lifestyle brand. It's not an e-commerce site, but rather a platform to promote and manage bookings.

Financially, Rockwater Group Ltd’s recent performance presents a mixed picture. Accrued liabilities decreased by 38%, while deferred income increased, with a 12% rise in current instruments and a 26% drop in non-financial instruments. Average employees decreased significantly by 40% to 150, which could be a temporary fluctuation or a strategic shift. Bank borrowings remained relatively stable, but cash reserves fell by 34%. Creditors decreased by 24%, suggesting improved debt management. However, net assets plummeted 30%, indicating a significant decline in equity. 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 substantial equity drop warrants closer examination. There’s no auditor mentioned, likely due to the company’s small size and exemption from an audit.

In conclusion, Rockwater Group Ltd appears to be navigating a period of change. While the venues seem to be attracting customers, the company’s financial performance suggests some challenges. The decrease in employees and the decline in equity are particularly noteworthy, and it remains to be seen whether the company can sustain its growth and profitability.

Registered in England/Wales under the registration number 11814588, with a registered address at BN1 2RL, England, Brighton, 15 West Street.

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