Waveco Productions Limited

Waveco Productions Ltd from Hitchin UK is a small, active company founded six years ago. Employing six people and holding £261,443 in assets, it operates from a real address and is led by a single director and owner, Rendle Iain Thomas. It’s considered a solo founder operation and has been an irregular importer of none, with just one month of imports recorded back in 2019.

The company’s website reveals it’s a technical production company designing and creating technical solutions for events. They offer a wide range of equipment, including audio, lighting, video, and staging, and provide services like brand activation, corporate events, festivals, and live music production. They also have a trade hire service and allow clients to build their own show. It’s clear they’re targeting event organizers and production teams, showcasing past work with brands like Nike and Goatfest.

Financially, Waveco Productions Ltd’s numbers present a mixed picture. While current assets grew by a modest 26% to £260,000, net assets decreased by 12% to £230,000. Bank borrowings have increased significantly, rising by 30% to £66,000, and cash reserves fell 13% to £84,000. Trade debtors have ballooned by 370%, which might suggest they’re extending credit terms to clients. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, which is common for small companies.

The increase in bank borrowings and the decrease in cash reserves could indicate the company is investing in its equipment or expanding its services—though it might also signal some financial strain. The large increase in trade debtors suggests that the company is having trouble getting paid on time, which could be a concern. Overall, Waveco Productions Ltd seems to be a small but active company with a strong focus on technical production, but it’s important to monitor its financial performance closely.

Registered in England/Wales under the registration number 11783780, with a registered address at SG4 7DP, England, Hitchin, Fairclough Hall Farm Halls Green, Weston.

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