The Workshop Technologies Ltd

The Workshop Technologies Ltd, a holding company based in London, UK, is a sizable operation with a nine-year history. Employing 183 people and boasting assets of £21,140,520, the company generated a yearly revenue of £56,969,473. It’s an active company with a real address and is overseen by one director and one owner. Google users rate it 4.0 out of 5 based on three reviews. The Workshop Technologies Ltd is an irregular importer and exporter of machinery, boilers, and mechanical appliances; parts, with import activity spanning one month and export activity spanning two months.

The company’s website paints a picture of an innovative software provider focused on "gamechanging products" and "betting platforms." It’s clear they’re not an e-commerce business, but rather a B2B provider of software solutions. The site highlights a team of inventors and offices in Malaga, London, and Madrid, and emphasizes a culture of innovation and mobility. Recent blog posts cover topics like UX research and agile development, showcasing their commitment to staying at the forefront of technology.

Financially, The Workshop Technologies Ltd shows a mixed bag. While revenue increased by a healthy 15%, net assets have seen a significant drop, plummeting 44% to £11 million. Bank borrowings have also risen sharply, increasing by 1,200% to £3.3 million, while cash reserves decreased by 45% to £1.9 million. Creditors have also increased by 28%. The company’s size (meeting two of three criteria for a large company) suggests it’s navigating growth challenges. The lack of auditor information suggests the company is exempt from an audit.

The sharp decrease in equity raises questions about the company’s financial health, perhaps reflecting investments in new products or expansion efforts. The increase in borrowings may indicate a need for capital to support these initiatives. It’s likely that the company is experiencing the typical pressures of a growing business, balancing investment with maintaining financial stability.

Registered in England/Wales under the registration number 09778030, with a registered address at EC4A 1EN, England, London, Fetter Yard 86 Fetter Lane, 1st Floor.

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