Audio Trading Uk Ltd

Audio Trader is a small, active company based in London, UK, founded twelve years ago. With six employees and £2,359,406 in assets, it operates from a real address on Wigmore Street. The company is owned and directed by Shirke Ajay Baburao, who also acts as a solo founder. It’s a regular importer and exporter of electrical machinery and equipment, with 151 months of import activity and 47 months of export activity recorded.

The company’s website, audiotrader.co.uk, is a platform for buying and selling used music gear. It positions itself as a quick and easy way for musicians to turn their instruments into cash, offering a “free nationwide collection and delivery” service. The site lists a wide range of items, including electric guitars, headphones, amplifiers, keyboards, and DJ equipment, with a focus on speed and convenience for sellers. It's clearly an e-commerce business, offering a streamlined process for musicians to sell their gear.

Financially, Audio Trader shows a mixed picture. Creditors increased by a substantial 100%, reaching £630,000, while cash bank on hand dropped 9%, settling at £12,000. Bank borrowings decreased by 44%, now at £170,000. Net assets declined by 48%, ending at £1,400,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it avoids more stringent reporting requirements, and no auditor is mentioned. Trade debtors increased by a significant 110%, reaching £130,000, which may indicate a shift in payment terms or increased sales on credit. The company’s reliance on bank borrowings and the decrease in cash reserves suggest it’s burning through money, though it is still operating.

Overall, Audio Trader appears to be a functional, albeit potentially fragile, business. Its success hinges on maintaining a steady flow of used gear and managing its finances effectively.

Registered in England/Wales under the registration number 08316576, with a registered address at W1U 3SG, London, 138 Wigmore Street.

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