Studio Boum Ltd

Studio Boum Ltd, based in Reigate, UK, is a small, active company founded eleven years ago. With ten employees and £3,398,998 in assets, it operates from a real address and is overseen by one director and three owners. The company irregularly imports iron or steel products (one month of activity in 2021) and exports various textile products, sets, used clothing, and rags (two months of activity in 2021).

The company’s website describes Studio Boum as being “at the intersection of contemporary design, fashion and events,” suggesting a focus on event planning and creative services. It appears to be a global experience studio, catering to a high-end clientele. The website doesn't explicitly mention e-commerce, but rather promotes services and projects.

Financially, Studio Boum Ltd's recent performance shows some concerning trends. While current assets increased by a substantial 76% to £3.4 million, net assets dropped 20% to £1.9 million. Bank borrowings have decreased by 34% to £21,000, and cash reserves fell 24% to £980,000. Creditors have increased by a significant 99% to £1.7 million, which could indicate a reliance on short-term financing. Trade debtors have increased by a whopping 270%, suggesting delayed customer payments or an expansion of credit terms. Losses deepened to -£23,000, which is a bit worrying. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the drop in equity warrants closer attention. As a small company, it’s likely exempt from an audit, so the financial statements are unaudited.

Overall, Studio Boum Ltd seems to be navigating a period of change. While revenue is growing, managing creditors and maintaining a healthy cash flow will be crucial for its continued success.

Registered in England/Wales under the registration number 08986739, with a registered address at RH2 0AD, England, Reigate, The Old Wheel House, 31/37 Church Street.

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