Sponge Hammer Ltd

Sponge Hammer Ltd, based in Leamington Spa, UK, is a small, active company founded nine years ago. With three employees and £725,876 in assets, it operates as an irregular importer of machinery, boilers, and mechanical appliances, with recent activity in May 2024. The company is owned and directed by Berenyi Csaba, and has a real registered address.

The company's website reveals a focus on video game and backend service development, positioning itself as a codevelopment partner for AAA game studios. It specializes in Unity C game development, backend services, and full development support, with notable projects including work for Rare on Sea of Thieves and Codemasters on Grid 2019. The website also highlights a “Join Us” page, actively seeking talent to contribute to its gaming initiatives.

Financially, Sponge Hammer Ltd shows a mixed picture. While cash reserves increased by 25% to £280,000, and debtors rose by 30% to £450,000, net losses deepened. Bank borrowings increased significantly, and cash flow from operations declined by 35%. Employee numbers jumped 130% to seven, which may explain some of the increased costs. The company's small size (meeting two of three criteria for a small company) helps it remain flexible, but the increase in debt and decrease in equity suggests it's burning through money. No auditor is mentioned, which is common for companies of this size.

Overall, Sponge Hammer Ltd appears to be a growing company with a niche focus on game development services. While the financials indicate some challenges, its strong website presence and active recruitment efforts suggest a positive outlook, though it's important to monitor its debt levels closely.

Registered in England/Wales under the registration number 10171403, with a registered address at CV31 2GB, England, Leamington Spa, Althorpe Business Hub, Althorpe Street.

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