Social Pottery Painting Ltd

Social Pottery Painting Ltd, based in London, UK, is a small, active company founded seven years ago. It employs fourteen people and holds £149,026 in assets, operating from a virtual address – twenty-two other companies are registered at the same location. With one director and owner, the business has a respectable 4.0 Google rating based on eighty-three reviews and regularly imports ceramic products, with the latest import activity occurring in November 2023.

The company's website showcases a vibrant business offering pottery painting and making experiences across London and Milton Keynes. It operates several studios, providing a range of activities from daytime painting sessions and boozy pottery nights to wheel-throwing and hand-building classes. The site also highlights corporate events, team-building activities, and even offers a mobile painting experience for offices. It also sells pottery kits and gift cards. The website is well-designed and clearly targets both casual customers and corporate clients.

Financially, Social Pottery Painting Ltd presents a mixed picture. While current assets increased by 32% to £150,000, equity plummeted 45% to £33,000—a significant drop. Bank borrowings decreased by 19% to £28,000, and cash reserves grew by 44% to £120,000. Creditors, however, increased by 180% to £110,000 within one year, and “other creditors” jumped a staggering 2100% to £55,000. The company meets the criteria for a small business, with a turnover less than £10.2 million, assets under £5.1 million, and fewer than fifty employees. The lack of an auditor is typical for a company of this size, and the figures are unaudited.

The sharp decline in equity, despite increased cash reserves, suggests potential financial pressures. The rise in creditors, particularly “other creditors,” warrants further investigation. It’s possible that the company is investing heavily in growth, or that it’s facing challenges in managing its cash flow. The company’s small size and virtual address could be contributing factors, but the long-term sustainability of the business will depend on its ability to generate consistent profits and manage its liabilities effectively.

Registered in England/Wales under the registration number 10950533, with a registered address at NW1 8NY, England, London, 73 Kentish Town Road.

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