Witchery Studios Ltd

Witchery Studios Ltd is a small, active company based in Andover, UK, founded five years ago in 2019. The company holds £43,788 in assets and operates from a virtual address, with eleven other companies registered at the same location – a bit unusual. It's a solo-founded operation, managed by one director and owner, Glen Winchester. The business is irregular importer, bringing in vehicles, parts, and accessories (excluding trains and trams), with just one month of import activity recorded as of January 1, 2024.

The company's website describes Witchery Studios as a "design build company," consulting, researching, designing, engineering, and manufacturing for the arts and entertainment industry. They pride themselves on listening to clients and making their visions a success – a nice touch. The company operates in the motion picture production activities industries.

Financially, Witchery Studios Ltd presents a mixed picture. Current assets have decreased by 21%, dropping to £44,000, while net assets have fallen 44% to £12,000. Bank borrowings have increased by a substantial 110%, reaching -£79,000, and cash reserves have declined by 21% to £44,000. Creditors have also decreased, which is a positive sign. The company meets two of three criteria to be considered small, with turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. There's no auditor mentioned, so the figures are unaudited.

The company's loans from directors have increased significantly, which could be a concern. It's possible that the company is reinvesting heavily in its operations, but the decline in equity suggests a need for careful financial management. It seems like Witchery Studios is navigating the challenges of a small business, balancing creative pursuits with financial realities.

Registered in England/Wales under the registration number 12303983, with a registered address at SP11 6XF, England, Andover, 29 Errington Road, Picket Piece.

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