Crimson Guitars Limited

Crimson Guitars Ltd, based in Dorchester, UK, is a small, active company founded twelve years ago in 2013. Employing twenty-one people, it operates from a real address and is led by two directors and a single owner. The company runs an e-commerce site and regularly imports and exports musical instruments and parts, with nineteen months of import activity and thirty-one months of export activity recorded.

The company’s website, shopcrimsonguitars.com, showcases a diverse range of products and services centered around guitar building and luthier tools. It offers a comprehensive selection of tools, supplies, timber, hardware, and accessories, catering to both beginner and experienced luthiers. A key feature is its guitar building school, offering courses ranging from introductory workshops to intensive three-month programs—a unique offering in the industry. The website also highlights custom-built guitars, demonstrating the company's craftsmanship and artistry.

Financially, Crimson Guitars Ltd presents a mixed picture. While net assets increased by 18,000%, reaching £18,000, bank borrowings surged by 520%, reaching £85,000—a significant increase. Creditors also increased by 40%, reaching £280,000, suggesting potential challenges in managing short-term liabilities. Cash reserves remained relatively stable at £42,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rise in debt warrants closer scrutiny. The company’s unaudited financial statements do not mention an auditor, likely due to its status as a small company.

The increase in debt could be linked to the company's investment in its guitar building school and custom shop, which require significant resources. The growth in import and export activity also suggests an expanding business—but one that may be facing cash flow pressures. Overall, Crimson Guitars Ltd appears to be a dynamic, albeit financially stretched, business—one that is betting on its unique offerings and skilled workforce to navigate the challenges ahead.

Registered in England/Wales under the registration number 08479886, with a registered address at DT2 7TH, Dorchester, Dorset, The Old Dairy, Piddlehinton.

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