Audio Boffins Ltd

Audio Boffins Ltd from Peterborough UK: small company, active status, founded 10 years ago, 1 employee, £83,922 assets, real address, 1 director, 1 owner, solo founder, google rating 5.0 based on 102 reviews. 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 last reported current assets is £83,922.

Audio Boffins Ltd operates as a car audio specialist, offering a wide range of products and services from its website. The site is a comprehensive online store for car audio equipment, security systems, and related accessories. It's clearly an e-commerce business, showcasing brands like Alpine, Audison, and Kenwood alongside its own branded products. The website is well-organized, with categories for car stereos, speakers, amplifiers, and vehicle-specific fitting kits. There's even a section dedicated to marine audio systems, suggesting a broader market reach. It seems they also offer fitting services, as indicated by the mention of "Expert fitting Additional costs apply."

Financially, Audio Boffins Ltd presents a mixed picture. Current assets have decreased by 23%, dropping to £84,000, while net assets have plummeted 49%, reaching -£190,000. Bank borrowings have also increased, though not dramatically, rising by 2.5%. Cash reserves, however, have seen a significant boost, jumping 210% to £2,900. Creditors have increased by 19%, and trade debtors have fallen dramatically. The company's single employee and small size (meeting two of three criteria for small company status) contribute to its agility, but the substantial equity decline raises concerns. With no auditor mentioned (likely exempt as a small company), the financial information relies on unaudited statements.

Overall, Audio Boffins Ltd appears to be a niche e-commerce business with a strong online reputation. While the financial figures suggest some challenges, the company’s specialized product range and positive customer reviews indicate a potential for growth. It’s a solo operation, and the director is clearly working hard to keep things going.

Registered in England/Wales under the registration number 09238055, with a registered address at PE4 6BX, England, Peterborough, 32 Mancetter Square.

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