Audio Platform Ltd

Audio Platform Ltd is a small, active company registered in Lincoln, UK, founded nine years ago in 2015. It’s a private limited company with a real address, one director, and one owner. The company operates in the retail sale via mail order houses or via internet, the retail sale of telecommunications equipment other than mobile telephones industries. Officially, it has one owner or PSCs, one director and no number of employees published.

The company’s website, Audioboom Group plc, positions itself as a global leader in podcasting, boasting over 100 million downloads monthly from 38 million unique listeners. It’s ranked as the fourth largest podcast publisher in the US and operates a platform for hosting, distributing, and monetizing content. Key partners include True Crime Obsessed US, The Tim Dillon Show US, and The Cycling Podcast UK, distributing content via platforms like Apple Podcasts, Spotify, and Amazon Music. The website seems to be a professional operation, focused on adtech and monetisation.

Financially, Audio Platform Ltd’s recent report reveals a mixed picture. Cash bank on hand dropped by 28% to £1,300, while creditors increased by 30% to £68,000. Equity remained steady at £100, but net assets liabilities increased by 21% to -£92,000. Property, plant, and equipment decreased by 25% to £640. 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 flexibility, but the decline in cash and increase in liabilities suggests it’s burning through money. The accounts are unaudited, and there's no mention of an auditor, which is typical for small companies.

It’s clear that Audio Platform Ltd is focused on growing its podcasting business, but the financial data shows that it’s facing challenges. The company's ability to maintain its growth trajectory will depend on its ability to improve its financial performance.

Registered in England/Wales under the registration number 09831154, with a registered address at LN6 3QJ, England, Lincoln, Room 3a, Hillcroft House Whisby Road, Hillcroft Business Park.

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