Drum Books Ltd.

Drum Books Ltd is a small, family-run business based in Edinburgh, Scotland, with an active trading status. Founded 22 years ago in March 2003, the company holds just £6,194 in assets and employs no staff. It operates an e-commerce site, but the details are a little unclear.

The company’s website, Drumshack, is a specialist retailer of drums, cymbals, and percussion equipment, both new and second-hand. It caters to musicians of all levels, from beginners to professionals, offering a wide range of products and services, including repairs, part exchanges, and tuition. The website also features a blog, news, and special offers, as well as a dedicated section for electronic drums and percussion hardware. It seems to be doing well, with a large selection of products and a good reputation.

Financially, Drum Books Ltd is showing some concerning trends. While cash bank on hand increased by 71%, net assets actually decreased by 1.7% to -£130,000. Creditors increased by 28%, and loans from directors rose by 29%, suggesting the company is relying more on borrowing. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the declining equity is a worry. The company’s accounts are unaudited, which is common for small entities, and there is no auditor mentioned.

Overall, Drum Books Ltd appears to be a well-established online retailer with a niche market, but the financial figures suggest it may be burning through money. It's a family business with a good reputation, but it needs to address its financial challenges to ensure its long-term survival.

Registered in Scotland under the registration number SC244901, with a registered address at EH16 4SN, 606 Old Dalkeith Road, Edinburgh.

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