Hifi Collective Limited

Hifi Collective Ltd from Swansea, UK, is a small, active company founded 21 years ago in 2003. It holds £2,992,840 in assets and operates from a virtual address, managed by a single director and owner. Boasting a stellar 5.0 Google rating from 23 reviews, it’s a well-regarded operation.

The company specializes in retail sales via mail order and the internet, offering a vast range of components, kits, valves, and accessories for audio enthusiasts. Its website, hificollective.co.uk, functions as a comprehensive online store, showcasing an extensive catalog of capacitors, resistors, connectors, potentiometers, loudspeakers, and more. It’s clear the business is focused on catering to the DIY audio market, offering a wide selection of parts and components for building and upgrading audio equipment. There's a strong emphasis on quality and choice, with many well-known brands featured.

Financially, Hifi Collective Ltd presents a mixed picture. While current assets are healthy at £3,000,000, net assets have increased by 6.2% to £3,400,000. Trade debtors have decreased significantly by 50%, suggesting improved collection efficiency. However, cash reserves have fallen by 6.4% to £1,100,000, and bank borrowings have increased by 980% to £980. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it maintain flexibility. With no auditor mentioned (likely exempt as a small company), the figures are based on unaudited statements.

Overall, Hifi Collective Ltd appears to be a financially stable, niche business. The company's strong Google rating and extensive product range suggest a loyal customer base. However, the increase in bank borrowings warrants monitoring.

Registered in England/Wales under the registration number 04771525, with a registered address at SA9 2FH, Swansea, Glan Yr Afon House 30 Walters Road, Cwmllynfell.

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