Barefaced Limited

Barefaced Ltd from Brighton UK is a small, family business with an active status, founded sixteen years ago. The company employs nine people and holds £65,273 in assets. With two directors and two owners, it operates from a real address and is a regular importer and exporter of electrical machinery and equipment, having imported for eleven months and exported for fifty-nine months.

The company's website, barefacedaudio.com, showcases a range of high-end bass and guitar speaker cabinets, positioning itself as a manufacturer of ultra-lightweight, high-power solutions. The site features testimonials from well-known musicians, highlighting the quality and performance of its products. It's clearly focused on direct-to-consumer sales through its website, with a strong emphasis on showcasing the products and building a community around the brand. There's no obvious indication of a physical retail presence.

Financially, Barefaced Ltd's recent report shows a mixed picture. Current assets have decreased significantly, dropping by 42% to £65,000. Bank borrowings have also increased by 14%, reaching £20,000. A more concerning trend is the sharp decline in equity, falling by 98% to just £930. Creditors have also decreased, suggesting better management of short-term debts. The company meets the criteria to be considered a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned is consistent with its status as a small, exempt company.

The significant drop in equity, despite the ongoing import and export activity, suggests potential cash flow challenges or increased investment in the business. It's possible that the company is reinvesting profits to expand its product line or marketing efforts, but the steep decline warrants closer monitoring. The company's focus on a niche market—high-end audio equipment—may provide some insulation from broader economic trends, but it also makes it vulnerable to shifts in consumer preferences and competition.

Registered in England/Wales under the registration number 06812542, with a registered address at BN1 4GH, England, Brighton, New England House New England Street, Unit C, Level 1, North.

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