Studio Clement Ltd

Studio Clement Ltd, based in Tetbury, UK, is a small, active company founded eight years ago. With two employees and £30,153 in assets, it operates from a virtual address, registered with 32 other companies, and is managed by two directors and owners. The company is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with a single month of import activity recorded in 2022.

The company’s website showcases a design studio with a portfolio of projects, including Neptune, Dolly, Felix, and Mario, suggesting a focus on interior design and bespoke furniture. It also features a blog and contact information, indicating a client-facing business. It’s not clear if the website is used for e-commerce, but it’s primarily a portfolio and marketing tool.

Financially, Studio Clement Ltd is facing some challenges. Current assets have dropped significantly, decreasing by 82% to £30,000, while net assets have plummeted 100% to just £120. Cash reserves have also fallen dramatically, decreasing by 97% to £3,800. Bank borrowings have increased by 520%, reaching £11,000, and trade debtors have risen by 22%, suggesting a potential cash flow issue. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity is concerning. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s focus on specialised design activities seems to be continuing, but the financial data suggests it’s burning through cash. Whether this is a temporary setback or a longer-term trend remains to be seen, but Studio Clement Ltd will need to address its cash flow situation to ensure its long-term viability.

Registered in England/Wales under the registration number 10694456, with a registered address at GL8 8JG, England, Tetbury, Eight Bells House, 14 Church Street.

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