Absolute Sounds Limited

Absolute Sounds Ltd, based in London, UK, is a small, active company that’s been a fixture in the audio equipment market for 44 years. Founded in 1980, the company employs seven people and holds assets totaling £2,899,394. With two directors and one owner (Ricardo Franassovici), Absolute Sounds operates from a real address in Gerrard Street and regularly imports and exports electrical machinery and equipment—a testament to its international reach, with 454 months of import activity and 161 months of export activity recorded.

The company’s website paints a picture of a business deeply passionate about audio quality. Absolute Sounds positions itself as a curator of high-end audio equipment, working with expert manufacturers and specialist retailers to deliver a “curated portfolio” of audio equipment. The website highlights a focus on recreating the live concert or studio experience at home, emphasizing both technical expertise and a dedication to exceptional sound. It's clear the company isn’t primarily an e-commerce business, but rather a platform for showcasing its brands and expertise, with a focus on dealer zones and award winners.

Financially, Absolute Sounds Ltd presents a mixed picture. While current assets increased by 13% to £2,900,000, net assets took a hit, declining 23% to £94,000. Bank borrowings are down significantly, decreasing 100% to zero, and cash reserves have seen a dramatic increase of 70,000% to £59,000—a very positive sign. Creditors, however, have increased by 29% to £2,700,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in equity suggests a need for careful financial management. As a small company, it’s likely exempt from an external audit, relying on unaudited financial statements.

Overall, Absolute Sounds Ltd appears to be navigating a period of change. The strong cash position is encouraging, but the decrease in equity warrants attention. The company’s focus on high-end audio and its established dealer network suggest a resilient business model, but its financial health will depend on continued success in the competitive audio equipment market.

Registered in England/Wales under the registration number 01521125, with a registered address at W1D 5PG, London, 1st Floor, 6 Gerrard Street.

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