Thessstudio Ltd

Thessstudio Ltd is a small, active company based in London, UK, founded four years ago in January 2021. With just two employees and £38,248 in assets, it operates from a real address at 6 Riverlight Quay. A single director and owner, Liu Si, leads the company, which regularly exports clothing and accessories (not knitted or crocheted) – 26 months of export activity were recorded, the last in December 2023. The company’s website indicates it provides conference venues and meeting rooms throughout the UK, offering services like catering, AV equipment, and team-building activities. It seems to be a B2B operation, catering to corporate events and special occasions.

The website, Studiovenues, showcases a network of venues across Birmingham, Leeds, Manchester, and Glasgow, each with its own unique vibe and aesthetic. It’s not a traditional e-commerce site selling products directly to consumers; instead, it functions as a booking platform for event spaces and related services. The site's content focuses on promoting the venues and highlighting their capabilities, with a strong emphasis on food and beverage offerings and state-of-the-art AV technology. There are also social media posts about events and partnerships, suggesting a focus on building brand awareness and attracting corporate clients.

Financially, Thessstudio Ltd’s recent performance shows some concerning trends. While current assets increased by 21% to £38,000, cash bank on hand plummeted 96% to a mere £750. Trade debtors soared by an astounding 250%, reaching £38,000 – this could indicate difficulties in collecting payments from clients, or perhaps an aggressive sales strategy offering extended credit terms. Liabilities also increased, with accrued liabilities rising by 85%, and creditors up by 29%. Equity remained stagnant at £13,000, despite a decrease in the number of employees. The company's small size (meeting two of three conditions for a small company) means it’s exempt from an audit, so the financial statements are unaudited.

In conclusion, while Thessstudio Ltd appears to be actively operating and generating revenue through its event venue services, the financial data suggests it's burning through cash. The significant increase in trade debtors and the sharp decline in cash reserves are worrying signs. It’s possible the company is investing heavily in growth or facing temporary cash flow challenges, but careful management will be needed to ensure its long-term sustainability.

Registered in England/Wales under the registration number 13162213, with a registered address at SW11 8EB, United Kingdom, London, Apartment79, 6 Riverlight Quay.

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