Studioaida Ltd

Studioaida Ltd, based in Pinner, UK, is a small, active company founded ten years ago. With five employees and £656,091 in assets, it operates from a virtual address, managed by one director and one owner. The company regularly imports furniture, lighting, and prefabricated buildings – three months of import activity recorded, with the last operation in October 2022 – and exports the same goods, boasting nineteen months of export activity, the latest in August 2023.

The company’s website, studioaida.co.uk, presents a design studio specializing in interior design and piano restoration. It has a physical address in London and offers services ranging from design consultations to museum-grade piano restorations and disaster recovery. The website highlights a commitment to British craftsmanship and family ownership, with a focus on high-end clientele.

Financially, Studioaida Ltd shows a mixed picture. Current assets have decreased by 33%, dropping to £660,000, while net assets have fallen by 43%, reaching £260,000. Bank borrowings have increased significantly, with overdrafts rising by 62% and non-financial instruments jumping 200%. Creditors have also decreased by 36%, which is a positive sign. Cash reserves have declined by 52%, falling to £190,000. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the decline in equity is concerning. The unaudited financial statements, prepared with CCH software, don’t mention an auditor.

Overall, Studioaida Ltd seems to be facing some financial pressures, despite its strong brand and specialized services. The decrease in assets and cash reserves suggests it’s burning through money, although the decrease in creditors is a positive sign. It’s clear the company is relying on its design expertise and piano restoration niche to sustain its operations.

Registered in England/Wales under the registration number 09064456, with a registered address at HA5 5PW, England, Pinner, 52 High Street.

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