Broughton Pianos Limited

Broughton Pianos Ltd from Stourbridge UK: small company, active status, founded 19 years ago, 7 employees, £2,105,171 assets, real address, 1 director, 1 owner. Regular importer of musical instruments and parts (47 months imported). Regular exporter of musical instruments and parts (9 months exported). It’s a family business with a long history, operating as a dealer and restorer of pianos, and has a large showroom.

The company, established in 2005, is a small business, meeting two of three conditions to be classified as such: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. It’s a real address, and is active. Morris Glenn owns the company, and Morris Glen Stewart is the director. The business imports and exports musical instruments and parts, with the latest import operation made on December 1, 2024, and the last export operation on September 1, 2024.

The company’s website showcases a vast selection of pianos, from grand pianos to digital pianos, and offers services like tuning, rentals, and removals. It’s a main dealer for premium manufacturers like Yamaha, Kawai, and Shigeru Kawai, and even boasts a showroom in Harrods, London. The website also promotes a blog with piano-related content, like reviews and guides.

Financially, Broughton Pianos Ltd shows a mixed picture. While current assets remain stable at £2,100,000, net assets increased by 3% to £1,900,000. Bank borrowings decreased by 34%, reaching £19,000, and cash reserves increased by 20% to £130,000. Creditors increased by 22%, suggesting a need to manage debt. The company’s small size helps it remain agile, but the increase in creditors raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Broughton Pianos Ltd seems to be holding steady, benefiting from its established reputation and wide selection of pianos. The company’s focus on premium brands and services suggests a commitment to quality, but the increase in creditors warrants close monitoring.

Registered in England/Wales under the registration number 05627729, with a registered address at DY9 0BT, Stourbridge, West Midlands, Drayton Mill, Drayton, Belbroughton.

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