First Rhythm Music Limited

First Rhythm Music Limited is a small, family-run business based in Atherton, UK, with an active status. Established fourteen years ago in 2010, the company employs three people and holds £76,044 in assets. It operates a real address and is led by one director and two owners. The business is an e-commerce site, selling vinyl records and related items.

The company's website, First Rhythm Records, showcases a wide range of vinyl across genres like Dance & Electronic, Jazz, Indie Rock, and Hip Hop. It offers international shipping and accepts a variety of payment methods, catering to a global customer base. The site also features a blog and a mailing list signup, indicating a focus on community engagement and customer retention. The company even has a perfect 5.0 Google rating from eight reviews.

Financially, First Rhythm Music Limited’s numbers show some interesting trends. Cash bank on hand decreased by 36%, falling to £31,000, while finished goods dropped by a significant 52%, reaching £20,000. Trade debtors decreased slightly, but merchandise increased substantially, reaching £19,000. Equity also declined, falling 17% to £52,000. Creditors, however, decreased by 29%, suggesting better management of short-term liabilities. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There is no auditor mentioned, likely due to its small size and exemption from an audit.

The decline in cash reserves and finished goods, coupled with the increase in merchandise, could indicate a shift in inventory strategy or potentially a slowdown in sales. The company’s reliance on e-commerce and its international reach, however, provide opportunities for growth. It’s a small business, but it's holding its own in a competitive market.

Registered in England/Wales under the registration number 07327271, with a registered address at M46 9RE, England, Atherton, Greater Manchester, 3a The Courtyard, 157 Bolton Old Road.

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