Audio Emotion Limited

Audio Emotion Ltd, based in Glenrothes, UK, is a small, active family business established sixteen years ago. With eight employees and £1,186,844 in assets, it operates a real address and has two directors and two owners. The company, which has a stellar 5.0 Google rating based on 53 reviews, runs an e-commerce site and regularly imports and exports electrical machinery and equipment – 211 months of imports and 136 months of exports recorded.

The company’s website showcases a high-end audio dealer specializing in home audio equipment, including turntables, amplifiers, headphones, and speakers. It offers a wide range of brands and services, such as piano restoration and disaster recovery. The website emphasizes a return to traditional audio auditioning and offers personalized demonstrations. It also features a blog with product reviews and news.

Financially, Audio Emotion Ltd presents a mixed picture. Cash bank on hand increased by 18% to £710,000, while current assets grew by 14% to £1,200,000. However, net assets increased by only 11% to £860,000. Creditors increased by 35%, reaching £380,000, and bank borrowings surged, indicating a possible need for increased financing. Despite this, trade debtors decreased, suggesting better management of customer payments. The company meets two of the three criteria for being a small company, with turnover under £10.2 million and assets under £5.1 million. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The company’s growth in cash reserves is encouraging, but the increase in creditors and bank borrowings suggests it's burning through money a little too fast. While the e-commerce side appears successful and well-reviewed, the financial figures reveal a need for careful management to ensure long-term sustainability.

Registered in Scotland under the registration number SC351858, with a registered address at KY7 5QF, Scotland, Glenrothes, Fife, Units 18-19 Flemington Road, Queensway Industrial Estate.

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