Studio No78 Design Ltd

Studio No78 Design Ltd, based in London, UK, is a small, active company founded five years ago. It’s a solo venture, with one director and owner – Erbagci Kerem – and a single employee. The company holds £2,506 in assets and operates from a virtual address, registered at 151 West Green Road, N15 5EA, a location shared by 715 other companies.

The company’s activities span a diverse range: non-specialised wholesale trade, retail of new goods (excluding art galleries and opticians), online sales, and architectural activities. It’s a small business, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The website is currently unavailable, so it’s difficult to determine if it operates as an e-commerce business.

Financially, Studio No78 Design Ltd shows a mixed picture. Cash bank on hand has seen a dramatic increase of over 2600%, jumping to £1,500, which is a positive sign. However, current assets have decreased by 27% to £2,500, and trade debtors have plummeted by 92%, leaving only £200. Creditors have also increased by 32%, reaching £1,200. Equity, however, has seen a significant boost, rising 390% to £490. Bank borrowings have also increased by 21%, reaching £1,100.

The company’s financial statements are unaudited and prepared under FRS 102. While the surge in cash reserves is encouraging, the decrease in current assets and the rise in creditors suggest the company is burning through cash. The lack of employees and reliance on a virtual address, while common for small startups, could also indicate limited operational capacity. It’s likely the company is navigating the challenges of early-stage growth, but whether it can sustain this trajectory remains to be seen.

Registered in England/Wales under the registration number 12311905, with a registered address at E1 0SG, England, London, 5 Brayford Square.

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