{"name":"PIRATE STUDIOS LIMITED","company_number":"09669260","status":"Active","type":"Private Limited Company","incorporated":"2015-07-03","dissolved":null,"registered_office":"13 Rothbury Road, London, England, E9 5HA","postcode":"E9 5HA","sic_codes":[{"code":90040,"description":"Operation of arts facilities"}],"principal_activity":"Provision of self service music studios","previous_names":[],"warnings":[],"accounts":{"category":"Group","year_end":"29 December","last_made_up_to":"2024-12-31","next_due":"2026-12-29"},"employees":{"count":0,"accounts_date":"2024-12-31"},"financials":[{"financial_date":"2024-12-31","profit_loss":-10953515,"net_assets":5417747,"cash":37986,"average_employees":0},{"financial_date":"2023-12-31","profit_loss":-8423916,"net_assets":-32094790,"cash":88351,"average_employees":0},{"financial_date":"2022-12-31","profit_loss":-11063293,"cash":332959,"average_employees":0},{"financial_date":"2021-12-31","cash":242974},{"financial_date":"2017-12-31","net_assets":3956247,"cash":389152}],"officers":{"current":6,"resigned":8,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":0,"outstanding":0},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"Pirate Studios Limited underwent a major balance sheet restructuring in 2024, converting approximately £40M of liabilities into equity and returning to positive net asset position (£5.4M). However, the business remains fundamentally loss-making with negligible cash reserves (£38K), flat revenue growth (1.3%), and continued dependency on investor capital to fund operations and expansion. Credit approval should be conditional on security, tight liquidity covenants, and evidence of sustained operating cash generation rather than reliance on further equity injections.","website":"https://pirate.com/en/","links":{"page":"https://www.companiesintheuk.co.uk/ltd/pirate-studios","people":"https://www.companiesintheuk.co.uk/company/pirate-studios/people","filing_history":"https://www.companiesintheuk.co.uk/company/pirate-studios/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/09669260","financials":"https://www.companiesintheuk.co.uk/company/pirate-studios/financial","control":"https://www.companiesintheuk.co.uk/company/pirate-studios/control","charges":"https://www.companiesintheuk.co.uk/company/pirate-studios/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/pirate-studios/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/pirate-studios"}