Allodi Accordions Limited

Allodi Accordions Ltd from Dartford UK: a small company with an active status, was founded 20 years ago and currently employs just one person. The company holds £534,611 in assets and operates from a virtual address, a detail flagged by the presence of 108 other companies registered at the same location. It’s managed by three directors and owned by two individuals, and boasts an impressive Google rating of 5.0 based on 91 reviews. Regular importing of musical instruments and parts, with 5 months of activity recorded, was last done in January 2024.

The company's website reveals a long and storied history, having operated for over 60 years, and even celebrating its 75th anniversary. It specializes in traditional accordions, offering new and secondhand instruments, straps, and accessories. The site also highlights repair services, microphone fitting, and even a player's gallery. A key feature is the emphasis on personal, friendly, and expert advice—a contrast to the more impersonal nature of online retail. The website also offers a list of accordion tutors and repairers.

Financially, Allodi Accordions Ltd presents a mixed picture. Cash bank on hand dropped significantly by 50% to £110,000, while debtors increased by a substantial 89% to £400,000. Creditors also rose by 16% to £120,000. The company’s small size—meeting two of three conditions for being classified as small—helps with agility, but the increase in debt and decrease in cash reserves could be a cause for concern. The lack of an auditor mentioned suggests the company is exempt from an audit as a small entity, relying on unaudited financial statements.

The business operates in the other professional, scientific and technical activities n.e.c. industries. The website's closure announcement, and the shift to selling remaining stock at reduced prices, suggests a transition period. The company is clearly moving towards a more limited role, focusing on repairs and remaining stock clearance, and it is probably a good idea to keep an eye on the business.

Registered in England/Wales under the registration number 05250197, with a registered address at DA1 2EU, United Kingdom, Dartford, Kent, Top Floor, West Hill House.

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