Staging Services Limited

Staging Event Services, based in Walsall, UK, is a small, active company established 25 years ago. With nine employees and £121,999 in assets, it’s a well-established operation run by one director and owner. The company boasts a 4.0 Google rating from twelve reviews and specializes in event staging and furniture hire, with a recent import of furniture, lighting, and prefabricated buildings recorded just one month ago.

The company’s website highlights its award-winning staging and event services, offering a wide range of solutions from custom staging hire to theming props. It caters to various events, from private gatherings to large-scale corporate events, with a focus on quality, convenience, and flexible options. The site also showcases a diverse selection of event themes, including Las Vegas, Moulin Rouge, and James Bond, demonstrating its ability to create memorable atmospheres.

Financially, Staging Event Services shows some concerning trends. While fixed assets increased significantly by 190% to £170,000, current assets declined sharply by 48% to £120,000. Net assets have also fallen by 71% to just £42,000, and net current assets have turned negative, dropping to -£110,000. Cash bank on hand has plummeted 77% to just £32,000. Creditors have increased by 57% to £230,000, and finance lease payments are due. The number of employees has increased from nine to fifteen, which could explain some of the increased costs. As a small company, it’s likely exempt from an audit, so the figures are unaudited.

In short, Staging Event Services appears to be facing financial headwinds. While its website and services suggest a thriving business, the declining assets and increasing debt raise questions about its long-term sustainability. The increase in employees may have contributed to the financial strain, and the company will need to address these challenges to maintain its position in the event staging market.

Registered in England/Wales under the registration number 03981420, with a registered address at WS2 7BY, West Midlands, Leamore Lane, Walsall.

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