Codename Music Ltd

Codename Music Ltd, based in Newcastle Upon Tyne, UK, is a small, active company founded six years ago. With a single employee and £152,160 in assets, it operates from a virtual address, a detail flagged by the presence of seventy-one other companies registered at the same location. The company has one director and no owners reported, which is not unusual for smaller entities. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with just one month of import activity recorded as of December 2022.

The company's website, Codename RCRDS, focuses on music distribution and promotion. It’s a Bandcamp platform showcasing artists and tracks, with a particular emphasis on Atmospheric Drum Bass riddims. The site highlights a "Creative Jungle" of music and offers live events, a subscription service, and links to social media platforms. It's clear that Codename RCRDS is actively promoting its artists and building a community around its music.

Financially, Codename Music Ltd presents a mixed picture. Current assets have decreased by 21%, falling to £150,000, while bank cash has increased significantly by 270%, reaching £27,000. However, net losses remain at -£100,000, and trade debtors have plummeted by 97%, indicating a potential issue with customer payments. Creditors have also increased by 4.2% to £1,100,000. The company's small size (meeting two of three criteria for a small company) means it's likely exempt from an audit, and the financial statements are unaudited. The decrease in debtors could be a sign of improved collection practices, or it could reflect a slowdown in sales. The increase in cash is a positive sign, but the continued losses suggest that the company is burning through money.

Registered in England/Wales under the registration number 11636052, with a registered address at NE1 1JF, England, Newcastle Upon Tyne, Collingwood Buildings, 38 Collingwood Street.

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