Easy Karaoke Ltd

Easy Karaoke Ltd, based in Beaconsfield, UK, is a small holding company with an active status, celebrating 25 years since its founding in 2000. The company employs just two people and operates from a virtual address, registered with 190 other companies, a bit unusual. It’s managed by two directors and has one reported owner, although this figure isn't exhaustive. The company is a regular importer of toys, games, and sports equipment, having imported for 15 months, with the last import occurring in December 2020. It also exports these same items, though less frequently, with three months of export activity, the last in October 2021.

The company’s website, Easy Karaoke, showcases a range of karaoke systems, microphones, and accessories, primarily targeting consumers seeking home entertainment solutions. It's clearly an e-commerce operation, with a focus on online sales and a user-friendly website. The site highlights exclusive online savings, a free smart karaoke app, and a YouTube channel featuring 84 million streams of karaoke songs, suggesting a strong emphasis on digital marketing and content creation. The range of products, from basic microphones to complete karaoke machines with LED lights and dual microphones, caters to a broad spectrum of budgets and preferences. The site also offers bundled packages and accessories, encouraging customers to purchase multiple items.

Financially, Easy Karaoke Ltd presents a mixed picture. Bank borrowings have decreased significantly, dropping 57% to £2,200, and creditors have also fallen by 3.6% to £78,000, indicating improved debt management. However, the company’s average number of employees has plummeted 100% to zero, a concerning trend. Trade debtors have also decreased by 3.6% to £79,000. The company’s equity, while stable, remains low, with Capital Redemption Reserve and Share Capital both at £50 and £950 respectively. The company’s small size—meeting two of three conditions for being classified as small (turnover under £10.2m, balance sheet under £5.1m, fewer than 50 employees)—means it’s exempt from a full audit, relying on unaudited financial statements. The lack of an auditor mentioned is not unusual for a small company.

Overall, Easy Karaoke Ltd appears to be navigating a challenging environment. While debt management has improved, the loss of employees and a low equity base suggest potential financial strain. The company's focus on online sales and digital marketing, however, provides a foundation for future growth, if it can manage its resources effectively.

Registered in England/Wales under the registration number 03965057, with a registered address at HP9 1QL, England, Beaconsfield, 55 Station Road.

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