A Strings Limited
- Small
- Active
- 11 years
- 4 employees
- £314,921 (assets)
- Real address
- 2 directors
- 1 owner
- Irregular importer
- Irregular exporter
- Solo founder
- E-commerce
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
The directors list was changed 3 months ago, a good sign to sell them something.
Field of Operation
Website
Summary
A Strings Limited, based in Pontypridd, UK, is a small, active company founded eleven years ago in 2013. With four employees and £314,921 in assets, it’s a family-run business led by two directors and a solo founder, Morgan Andrew Peter. The company operates from a real address and is a irregular importer and exporter of musical instruments and parts, with recent activity recorded in August 2024 for imports and November 2023 for exports. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.
The company’s core business, as indicated by its website, involves the retail sale of musical instruments and scores. It’s a guitar shop in Pontypridd, Wales, and is registered as 08618678. The company's website doesn't offer much in the way of e-commerce functionality, suggesting a focus on in-person sales and possibly repairs or lessons.
Financially, A Strings Limited presents a mixed picture. While bank borrowings decreased by 37%, cash reserves increased by 65% to £13,000. However, creditors increased by 26%, and trade debtors surged by a staggering 6000%, indicating a potential issue with customer payments. The company’s equity grew by 40% to £120,000, which is good news, but the increase in debtors could be a concern. The company's net assets grew by 11% to £170,000. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.
Overall, A Strings Limited appears to be navigating a period of change, with a growing equity base offset by challenges in managing customer payments. The company's focus on in-person sales and its niche market could provide a buffer against broader economic pressures, but close monitoring of debtors is crucial.
Registered in Wales under the registration number 08618678, with a registered address at CF37 1BD, Wales, Pontypridd, 66 Broadway.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- Morgan Andrew Peter
- 8 years
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- Morgan Glynne
- 3 months
-
Resident of United Kingdom
-
Individual
- Morgan Andrew Peter
- 11 years
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted nine months ago.
Last news
-
Appointment of Mr Glynne Morgan as a director on 2025-02-14Download 2 pages pdf report
-
Total exemption full accounts made up to 2024-07-31Download 8 pages pdf report
-
Confirmation statement made on 2024-07-22 with no updatesDownload 3 pages pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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FAQ about A Strings Limited
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