Connecting Music Ltd

Connecting Music Ltd, based in Edinburgh, UK, is a small, active company founded nine years ago. It employs three people and holds £93,462 in assets. The company is currently overdue on its accounts by one month, and is owned and directed by the solo founder, Marengo Carlo. It regularly imports electrical machinery and equipment, with the most recent import activity occurring in October 2023.

The company’s website, Connecting Music Distribution, showcases a curated selection of high-end audio equipment from brands like Blumenhofer Acoustics, Bricasti Design, Lucas Audio Lab, Mastersound Amplifiers, and Tiglon Japan. It positions itself as an importer of "Hifi Excellence," focusing on distribution rather than direct retail. The site details each brand’s unique selling points, highlighting craftsmanship, innovation, and exceptional sound quality. The website’s focus is on business-to-business distribution, with no obvious e-commerce functionality for end consumers.

Financially, Connecting Music Ltd shows a concerning trend. Current assets have fallen by 24% to £93,000, and net assets have plummeted 65% to £18,000. Cash reserves have vanished completely, and bank borrowings have increased. Although creditors have decreased slightly, the significant drop in equity suggests the company is burning through cash. The company’s small size (meeting two of three criteria for a small company) helps with agility, but the substantial losses raise questions about its long-term viability. As a small company, it is exempt from an audit, so the figures are unaudited. The decrease in trade debtors is a positive sign, but the overall picture is one of financial strain.

Registered in Scotland under the registration number SC531174, with a registered address at EH3 9NU, United Kingdom, Edinburgh, 95 Gilmore Place.

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