Studio Spaces Limited

Studio Spaces Ltd from Woodford Green UK: a small holding company with an active status, was founded 16 years ago. It employs 19 people and holds £878,192 in assets, operating from a virtual address. The company has two directors and one owner. It’s an irregular importer of electrical machinery and equipment, with just two months of imports recorded.

Studio Spaces Ltd operates as a venue provider, offering a distinctive backdrop for events in East London. It comprises three blank canvas spaces – The Onyx Bar, The Black Studio, and The Warehouse – interconnected by a central foyer. These spaces cater to a diverse range of events, including conferences, summits, product launches, weddings, and private parties. The venue boasts a state-of-the-art FunktionOne sound system and adaptable lighting, offering a unique setting for both corporate and creative productions. The website highlights its use cases, including public events, fashion shows, awards ceremonies, and film photography, showcasing its versatility.

Financially, Studio Spaces Ltd presents a mixed picture. Accumulated depreciation has increased by 18%, and the number of employees has decreased by 5.3%. Bank borrowings have fallen significantly by 31%, and cash reserves have plummeted by 69%. Creditors have risen by 37%, while current assets have decreased by 5.1%. Equity has seen a dramatic drop of 75%, and net current assets have turned negative. Despite these challenges, the company remains a small entity, meeting two of three criteria for size. The lack of an auditor mentioned suggests it’s exempt as a small company.

The company's financial performance suggests it’s burning through money. The drop in equity and negative net current assets raise concerns, although the decrease in bank borrowings is a positive sign. It’s possible that the company is investing heavily in marketing or facility upgrades, but the sharp decline in cash reserves warrants closer scrutiny.

Registered in England/Wales under the registration number 06742938, with a registered address at IG8 8HD, United Kingdom, Woodford Green, Essex, 19-20 Bourne Court Southend Road.

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