Defunkt Records Limited

Defunkt Records Ltd from Glasgow UK: a small, active company founded 21 years ago, employs just one person, and holds £18,846 in assets. It operates from a real address, is led by two directors and owned by one person—the solo founder—and runs an e-commerce site. The company focuses on retail sales via mail order and internet, specializing in experimental electronic music.

The company’s website, defunkt.co, is a vibrant hub for independent electronic music artists. It features a range of releases, from albums and tracks to merchandise and vinyl, and hosts events like listening parties. The site also showcases new and existing artists, offering stats and opportunities for subscription and collection purchases. The site’s description highlights its commitment to “high energy showcases” and supporting innovative artists in the electronic underground. It’s clear that Defunkt Records is dedicated to curating and promoting a specific niche within the music scene.

Financially, Defunkt Records Ltd shows some concerning trends. Accumulated depreciation on plant and machinery increased by 50%, indicating investment in equipment, but cash reserves plummeted 88% to just £290. Bank overdrafts increased slightly, and creditors decreased, but the significant drop in cash is a worry. While the company meets the criteria for a small business (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the negative equity of -£32,000 suggests it’s burning through money. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

It seems Defunkt Records is a passion project, and while the website and artist roster are impressive, the company needs to address its cash flow situation. The solo founder and director will need to find ways to generate more revenue or secure funding to ensure the company’s long-term survival.

Registered in Scotland under the registration number SC255362, with a registered address at G1 1DT, Scotland, Glasgow, 2/1 70 Miller Street.

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