Eastwood Guitars Uk Ltd

Eastwood Guitars UK Ltd, based in Garston, UK, is a small, active company founded fifteen years ago. Despite being overdue on confirmation for two months, the business maintains a real address and employs three people, holding assets valued at £33,252. With two directors and one owner, Eastwood Guitars UK Ltd regularly imports and exports musical instruments and parts—31 months of imports and 43 months of exports recorded.

The company’s website showcases a diverse range of vintage-inspired guitars, basses, and mandolins, shipped worldwide. It operates as an e-commerce business, offering a wide selection of instruments, cases, strings, and accessories. The site highlights custom projects and collaborations with renowned artists, emphasizing craftsmanship and exclusivity. It also features a section dedicated to vintage guitar restoration and disaster recovery services, a niche area within the music industry.

Financially, Eastwood Guitars UK Ltd’s recent accounts reveal some concerning trends. Accumulated depreciation on property, plant, and equipment has increased by 58%, while cash bank on hand has decreased by 31% to £27,000. Creditors have significantly reduced by 53%, but current assets have fallen by 55% to £33,000. Equity has also taken a hit, with retained earnings dropping by 110% to -£650. While the company meets the criteria for a small business (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), the decline in equity and cash reserves suggests potential financial strain. Trade debtors have increased by 890%, which could indicate a need to improve collections. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, Eastwood Guitars UK Ltd appears to be navigating a challenging period. While its website and product range demonstrate a strong brand identity and niche market appeal, the financial data suggests the company is burning through money. Whether it can sustain its operations and capitalize on its vintage guitar expertise remains to be seen.

Registered in England/Wales under the registration number 07136248, with a registered address at L19 0NQ, England, Garston, Liverpool, C/O Sinclair Accounting Co Ltd 300, St. Marys Road.

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