Fane International Limited

Fane International Limited, based in Normanton, UK, is a small, active family business established eighteen years ago. With four employees and £429,579 in assets, the company operates from a real address and is overseen by five directors and two owners. The business regularly imports and exports electrical machinery and equipment, with a history of 15 months of imports and 9 months of exports. It’s a trusted name in the pro audio industry, producing high-quality loudspeakers and components.

The company’s website showcases a diverse range of products, from sub bass drivers to compression drivers, catering to professional audio applications. It highlights the company’s strong heritage and commitment to engineering excellence, serving renowned sound system designers and musical instrument amplification brands. The site also features a blog and videos, demonstrating a commitment to innovation and customer engagement.

Financially, Fane International Limited’s recent performance shows some concerning trends. While cash reserves remain at £130,000, current assets have decreased by 36%, dropping to £430,000. Net assets have also declined significantly, falling 27% to £190,000. Bank borrowings have seen a dramatic increase of 2,400%, reaching £29,000, and trade debtors have ballooned by 890%, suggesting potential issues with customer payments. Creditors, however, have decreased by 36%, which could indicate improved debt management. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company’s reliance on bank borrowings and the increase in trade debtors suggest it’s burning through cash. Whether this is a temporary setback or a longer-term challenge remains to be seen—but Fane International Limited’s strong reputation and commitment to quality could help it weather the storm.

Registered in England/Wales under the registration number 06070459, with a registered address at WF6 1TB, England, Normanton, Unit 4 Ripley Close, Normanton Industrial Estate.

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