Audio Republic Limited

Audio Republic Ltd, based in Gateshead, UK, is a small, active company celebrating 22 years in business. Founded in 2002, it employs just two people and holds £90,354 in assets. The company, run by a solo founder and single director, operates an e-commerce site specializing in high-end audio equipment, with a stellar 5.0 Google rating from 193 reviews. It occasionally imports electrical machinery and equipment, with a recent import recorded in June 2022.

The Audio Republic website highlights a passion for vinyl and a commitment to offering a comprehensive selection of 2-channel stereo equipment. They stock brands like Rega, VPI Industries, and Nottingham Analogue, catering to audiophiles and enthusiasts. The company also represents BW speakers and Simaudio, showcasing a range of high-fidelity products. They offer repairs and servicing, demonstrating a dedication to customer support.

Financially, Audio Republic Ltd presents a mixed picture. Current assets have decreased significantly, falling 48% to £90,000. Debtor levels have surged by an astonishing 6100%, reaching £46,000, which could indicate a change in payment terms or a large, single outstanding invoice. Equity has also declined by 65%, dropping to just £4,500. Bank borrowings have increased by 43%, reaching £14,000. Despite these challenges, creditors have decreased by 51%, suggesting improved debt management. The company qualifies as small, meeting two of three criteria (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). The accounts are unaudited, reflecting its status as a small company exempt from an audit.

Overall, Audio Republic Ltd appears to be navigating a period of change. While its e-commerce platform and reputation for expertise remain strong, the financial figures suggest a need for careful management and a focus on sustainable growth.

Registered in England/Wales under the registration number 04465447, with a registered address at NE11 9SZ, United Kingdom, Gateshead, 9 Keel Row, The Watermark.

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