Studio Swine Design Ltd

Studio Swine Design Ltd, based in Ramsgate, UK, is a small, active company founded ten years ago in December 03, 2014. With just two employees and £251,583 in assets, it operates from a virtual address shared by 124 other companies, which raises some questions. The company is run by two directors and two owners, and it’s a tight-knit operation.

The company specializes in design activities and has a website showcasing its work. It appears to be primarily a portfolio site rather than an e-commerce platform, focusing on showcasing projects and attracting clients rather than direct sales. There’s no obvious indication of online sales or inventory management.

Financially, Studio Swine Design Ltd’s recent performance reveals a mixed picture. Current assets have dropped significantly, falling 56% to £250,000, while net assets have also declined, decreasing 8.4% to £340,000. Cash reserves have taken a major hit, plummeting 80% to just £75,000. Trade debtors have also decreased by 23%, which could indicate better collection practices, but it could also mean a reduction in sales. Creditors, however, have risen 51%, suggesting increased reliance on short-term financing. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so the figures are unaudited.

The sharp decline in cash reserves is a particular concern, especially considering the increase in creditors. While the company’s design work seems to be ongoing, the financial data suggests it’s burning through money. The lack of any mention of an auditor in the report is not unusual for a small company, but it does mean that the figures haven't been independently verified. It's a bit strange that they have so many creditors, though.

Registered in England/Wales under the registration number 09339797, with a registered address at CT12 6SJ, England, Ramsgate, Kent, 424 Margate Road.

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