Spinning Plates Limited

Spinning Plates Ltd is a small, holding company based in Taunton, UK, with an active trading status. Founded twelve years ago in 2013, the company employs twenty-one people and operates from a virtual address – a detail highlighted by the fact that 588 other companies are registered at the same location. It’s led by one director and one owner, with the director list having been updated recently, which is a good sign. The company irregularly imports clothing and accessories made by knitting or crocheting, with its last import operation occurring over two years ago in June 2022.

The company’s website reveals a different facet: a theatre production company. Spinning Plates Co. produces theatre, with recent productions including "Rhinoceros," "The Crocodile," and "Shut Up I’m a Vampire." The website showcases a focus on innovative storytelling and visual design, with a strong emphasis on awards and positive reviews from publications like *The Age Arts Hub*. The company clearly positions itself as a creative force in the Melbourne theatre scene, with a focus on unique productions and collaborations.

Financially, Spinning Plates Ltd presents a mixed picture. Net assets have fallen by a staggering 92% to just £96,000, a significant decline. Cash reserves have also decreased by 67% to £23,000. Bank borrowings have increased by 100% to £10,000, and trade debtors have risen by 100% to £33,000. However, creditors have also decreased by 5.9%, suggesting improved management of short-term liabilities. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the substantial equity drop warrants attention. As a small company, the accounts are unaudited, relying on director-reported data.

Overall, Spinning Plates Ltd appears to be navigating a challenging financial landscape, despite its creative success in the theatre world. The company’s ability to sustain its artistic endeavors while managing its finances will be key to its long-term viability.

Registered in England/Wales under the registration number 08355701, with a registered address at TA1 2PX, United Kingdom, Taunton, Somerset, Goodwood House, Blackbrook Park Avenue.

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