Definitive Audio Ltd

Definitive Audio Ltd from Long Eaton UK: a small, active company founded 21 years ago, employs five people, and holds £427,028 in assets. It’s a family business with two directors and two owners, operating from a real address. The company regularly imports and exports electrical machinery and equipment—138 months of imports and 56 months of exports—and specializes in the retail sale of audio and video equipment.

The company’s website showcases a diverse portfolio of high-performance audio systems, representing brands like APL, Atelier du Triode, and Jeff Rowland. It’s clear that Definitive Audio caters to discerning music lovers, with a focus on quality and craftsmanship. They even have a showroom in Harrods, London. The website doesn’s have an obvious e-commerce function, suggesting a business model centered on direct sales and personalized service.

Financially, Definitive Audio Ltd shows some concerning trends. While cash reserves increased by 20% to £260,000, net assets decreased by 12% to £310,000. Bank borrowings increased by nearly 5%, reaching £10,000, and trade debtors fell by 45%, which might indicate a struggle to collect payments. The company’s small size (meeting two of three conditions for a small company) helps it remain flexible, but the decline in equity is something to keep an eye on. The company is exempt from an audit, so the figures are unaudited. It’s possible that the company has been investing in new equipment or expanding its product line, which could explain the increased debt and decreased equity.

Registered in England/Wales under the registration number 04857334, with a registered address at NG10 4QE, Long Eaton, Nottingham, Stanhope House, Leopold Street.

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