Coles Electroacoustics Limited

Coles Electroacoustics Ltd, based in Hoddesdon, Hertfordshire, UK, is a small, active company celebrating 60 years in business. Founded in 1964, the company employs 16 people and holds £1,128,405 in assets. With a real address and two directors, it’s a well-established operation. The firm regularly imports electrical machinery and equipment (four months of imports recorded, latest in October 2024) and exports it (seventy months of exports, latest in September 2024).

The company’s website showcases a range of products, from microphones (including ribbon microphones renowned for their quality) to drive units and sound pressure units. It also offers flooring products and operates a network of agents worldwide, spanning Europe, the Americas, Asia, the Middle East, Africa, and Australia. The website highlights a commitment to British craftsmanship, with a focus on museum-grade piano restoration and disaster recovery services—a surprising diversification from its core microphone business.

Financially, Coles Electroacoustics Ltd presents a mixed picture. Current assets have decreased by 8%, falling to £880,000, while net assets have also declined by 4.1%, settling at £890,000. Cash reserves have taken a hit, dropping 8.3% to £750,000. Trade debtors have increased significantly, rising 26% to £290,000, which could indicate a shift in payment terms or increased sales. Creditors have also increased, up 4.7% to £250,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 25 employees) allows it to remain agile, but the decline in cash reserves warrants attention. As a small company, it is exempt from an audit, so the figures are unaudited.

Overall, Coles Electroacoustics Ltd seems to be navigating a period of change, with both challenges and opportunities. Its diversification into piano restoration and its global network of agents suggest a forward-thinking approach, but the financial trends require careful monitoring.

Registered in England/Wales under the registration number 01161661, with a registered address at EN11 0BZ, Herts, Pindar Road, Hoddesdon.

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