Studio Ellis Ltd

Studio Ellis Ltd is a small, active company based in Worthing, UK, founded five years ago in 2020. It employs six people and holds £1,048,821 in assets, although its registered address is likely a virtual one, shared by 196 other companies. The company is run by two directors and two owners, and it regularly imports and exports clothing and accessories, not knitted or crocheted – 35 months of imports and 12 months of exports recorded.

The company's website, atelierellis.com, showcases a unique offering: natural, breathable, and biobased paint in muted hues. It's clearly a brand focused on aesthetics and sustainability, positioning itself as a provider of paint for those seeking a calming and cocooning home environment. The site highlights the paint's natural ingredients, unique colour palette, and even offers downloadable colour maps and A4 samples. It's a far cry from the wholesale of clothing and footwear industries that the company's official description suggests.

Financially, Studio Ellis Ltd presents a mixed picture. Cash bank on hand has fallen significantly by 47%, dropping to £62,000, while creditors have decreased slightly. However, intangible assets have grown considerably, increasing by 230%, and net assets have risen by 40% to £600,000. Trade debtors have also increased by 7%, suggesting a possible shift in payment terms. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited.

The sharp decrease in cash reserves, despite the increase in net assets, is something to keep an eye on. Perhaps the company has invested in inventory or marketing to support its paint business. It's possible the shift to paint production has required a significant upfront investment. The company’s financial health seems stable, but it's a little bit concerning.

Registered in England/Wales under the registration number 12523987, with a registered address at BN11 1LY, England, Worthing, C/O Galloways Accounting The Mill Building, 31-35 Chatsworth Road.

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