Hand Held Audio Limited

Hand Held Audio Ltd from Halstead UK: a small, active company founded 28 years ago, employs six people, and holds £203,158 in assets. It operates from a virtual address – a point to note as 104 companies are registered at the same location – and is managed by three directors and two owners. The company boasts a stellar 5.0 Google rating based on nine reviews and regularly imports goods, although the specific category remains unspecified for the past nine months.

The company's website showcases a specialized retailer of audio equipment, focusing on wireless solutions and custom in-ear monitors. It caters to professionals and enthusiasts alike, offering a wide range of brands and services, including piano restoration and custom ear defenders. The site's layout is clean and well-organized, with clear product categories and detailed descriptions. It seems to be primarily an e-commerce platform, with no obvious physical storefront.

Financially, Hand Held Audio Ltd shows some concerning trends. Current assets have significantly decreased by 43% to £200,000, and net current assets have plummeted 79% to just £37,000. Bank borrowings have also decreased, but cash reserves have suffered a 58% drop to £81,000. While creditors have decreased, the overall picture suggests a company facing liquidity challenges. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is typical for small, exempt companies.

It's clear that Hand Held Audio Ltd is navigating a period of financial adjustment. The company’s reliance on a virtual address and the decrease in assets raise questions about its long-term sustainability, but its strong Google rating and specialized product offering suggest a loyal customer base.

Registered in England/Wales under the registration number 03312928, with a registered address at CO9 1HZ, England, Halstead, Essex, The Maltings, Rosemary Lane.

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