Forsyth Brothers Limited

Forsyth Brothers Ltd: a small, holding company with an active status, has been a fixture in the musical instrument trade for 124 years, founded way back in 1900. Employing 29 people, the company holds assets totaling £2,662,876 and operates from a real address in Manchester. Six directors and one owner guide the business, which enjoys a stellar 5.0-star Google rating based on 888 reviews. Regular importer of musical instruments and parts (79 months imported), and a regular exporter (3 months exported).

The company operates as a holding company, overseeing a retail business specializing in musical instruments and scores. Its website showcases a vast selection, from grand pianos by renowned brands like Steinway and Bechstein to guitars, brass instruments, and a range of accessories. The site also offers services like piano tuning, repairs, and even custom rebuilds. Events are regularly held, ranging from intimate piano meetups to performances by established musicians, fostering a community around music.

Financially, Forsyth Brothers Ltd shows a mixed picture. Current assets decreased by 8.9% to £2,700,000, while net assets declined by 2.8% to £2,100,000. Cash reserves took a hit, falling 33% to £800,000. However, bank borrowings are down, a positive sign, and creditors have also decreased, suggesting 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. Dividends paid on shares increased by 6.5% to £110,000. While the company is exempt from an audit, the figures are unaudited.

The company's financial data shows a slight decrease in cash reserves, which could be a concern. It's possible that the company is reinvesting in its business, such as expanding its inventory or marketing efforts, but it’s something to keep an eye on. The decrease in creditors is a positive sign, suggesting better management of short-term liabilities.

Registered in England/Wales under the registration number 00068072, with a registered address at M3 2GR, 126/128 Deansgate,, Manchester.

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