Glensound Electronics Limited

Glensound Electronics Ltd from Maidstone UK: a small, active company founded 47 years ago, employs 28 people, and holds £2,192,688 in assets. With four directors and a single owner, it maintains a perfect 5.0 Google rating based on one review. The company is a regular importer and exporter of electrical machinery and equipment, with 143 months of import activity and 207 months of export activity recorded.

The company's website, salesglensound.com, positions Glensound as "The Home of Dante AES67 Audio Networking." It’s clear the business focuses on professional audio solutions, particularly those utilizing Dante networking technology. The site showcases a wide range of products, from 4-wire IFB systems and commentary systems to distribution amplifiers and custom broadcast systems. It also offers hire services and highlights its bespoke engineering capabilities, catering to clients needing tailored audio solutions. The website also has a news section detailing their participation in industry events like MPTS, BroadcastAsia, and NAB Show, showcasing their commitment to innovation and market leadership. The site also has a blog with technical information, which is a nice touch.

Financially, Glensound shows a mixed picture. Cash bank on hand has increased significantly, jumping 57% to £1.4 million, which is a positive sign. However, trade debtors have fallen dramatically by 41%, dropping to £410,000—this could be due to improved collection practices or a shift in customer payment terms. Creditors have increased slightly, rising 8% to £1.1 million. Perhaps most notably, retained earnings have increased by 5%, reaching £1.2 million. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the fluctuations in debtor and creditor balances warrant close monitoring. No auditor is mentioned, which is likely due to the company’s exemption as a small company.

Overall, Glensound Electronics Ltd appears to be a financially stable, well-established business with a strong focus on niche audio solutions. The company’s commitment to innovation and customer service, as evidenced by its website and industry participation, suggests a bright future, although careful management of working capital will be key to continued success.

Registered in England/Wales under the registration number 01347507, with a registered address at ME14 1HE, England, Maidstone, Kent, 6 Brooks Place.

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