Chord Electronics Limited

Chord Electronics Ltd, based in East Farleigh, UK, is a small holding company with an active status, celebrating 36 years since its founding in 3989. Employing 30 people and holding £6,716,046 in assets, it’s a well-established player in the audio industry. With four directors and a single owner, the company maintains a real address and boasts a respectable Google rating of 4.0 based on 13 reviews. Chord Electronics regularly imports and exports electrical machinery and equipment, with a history of 122 months of imports and 299 months of exports.

The company's website, Chord Electronics, focuses on high-end audio for hi-fi enthusiasts and professionals. It emphasizes British design, engineering, and manufacturing, offering a range of products from amplifiers to DACs. The site highlights the latest innovation, the Suzi power amplifier, and showcases the company's commitment to "pure audio" and "uncompromising world of Chord Electronics hifi." It also features a blog with news, events, and information about the team, as well as a section for locating dealers and accessing support resources. The website clearly operates as a brand-focused platform rather than a straightforward e-commerce site, with a focus on showcasing the quality and heritage of Chord Electronics products.

Financially, Chord Electronics Ltd shows some concerning trends. While the company’s assets remain substantial, key metrics indicate potential challenges. Cash bank holdings decreased by a significant 44%, dropping to £1.1 million, while current assets fell by 9% to £6.7 million. Trade debtors have increased by 39%, reaching £1.3 million, suggesting potential delays in customer payments. However, creditors have also risen by 4.6%, reaching £1.4 million, and future minimum lease payments have increased dramatically by 410%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the decline in cash reserves and increase in debt warrants closer scrutiny. The lack of an auditor mentioned (likely exempt as a small company) means these figures are unaudited.

Overall, Chord Electronics Ltd appears to be a well-respected brand in the high-end audio market, but its financial performance suggests it's facing some pressures. The company's focus on quality and innovation should help it navigate these challenges, but careful management of cash flow and debt will be crucial for its long-term success.

Registered in England/Wales under the registration number 02347071, with a registered address at ME16 9NB, East Farleigh, Kent, The Pumphouse, Farleigh Bridge Farleigh Lane.

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