Studio 101 Ltd

Studio 101 Ltd, based in Leicester, UK, is a small, active company founded six years ago in 2018. With sixty-six employees and £105,689 in assets, it operates from a real address and is led by a single director and owner. The company is an irregular importer, bringing in clothing and accessories made by knitting or crocheting, with the last import activity recorded one month ago. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company’s website, Studio101.london, showcases a unique creative hub offering studio hire and a range of services under railway arches near London Bridge. It’s a versatile space for photo and video shoots, auditions, business meetings, and events, with options for indoor and outdoor use, plus production services like graphic design, photography, and videography. They even host regular events, like chess clubs and open mic nights, and offer membership with perks. The site also highlights a lounge area with yellow panel walls and a garden courtyard.

Financially, Studio 101 Ltd is showing some concerning trends. Current assets have decreased by 44% to £110,000, and net assets have plummeted 98% to a mere £910. Cash reserves have also fallen significantly, down 45% to £52,000. Bank borrowings have increased, with overdrafts up to £590. While creditors have decreased by 24%, the sharp decline in equity is a worrying sign. The company’s average number of employees during the period has also dropped by 15%, from sixty-six to fifty-six. There’s no auditor mentioned, which is likely due to its status as a small company.

Overall, Studio 101 Ltd seems to be facing financial pressure despite its diverse offerings and vibrant community. The decrease in equity and cash reserves suggests the company is burning through money, although it's difficult to say for sure without more detailed information. It’s possible the company is investing in growth, but the trends indicate a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 11635286, with a registered address at LE5 3RU, England, Leicester, 46a London Street.

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