Hospital Records Limited

Hospital Records Ltd, a London-based company, is a small holding company with an active status. Established 22 years ago in 2002, it employs 23 people and holds £337,335 in assets. The company operates from a virtual address, registered at SW19 2RD, London, and is overseen by three directors and one owner. It runs an e-commerce site and irregularly imports electrical machinery and equipment, with its last import occurring one month ago.

The company’s website showcases a diverse range of musical releases, merchandise, and artist spotlights. It’s clearly focused on selling music and related goods online, with sections dedicated to new releases, vinyl records, and apparel. The site also features a blog and FAQ section, indicating a commitment to engaging with its customer base. It's a well-designed platform, integrated with the Databeats platform for account management.

However, a review of the company’s financial data reveals a concerning trend. Current assets have plummeted by a staggering 94%, dropping to just £340,000, while net assets have also decreased significantly, falling 30% to £5,100,000. Cash reserves have evaporated, dropping 95% to just £260,000. Bank borrowings have increased by 2,400%, reaching £29,000. While creditors have decreased by 49%, suggesting better debt management, the dramatic drop in cash and assets is a cause for concern. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, and the figures are unaudited. The company’s average number of employees has also dropped significantly, falling 30% to 16.

Overall, Hospital Records Ltd is facing financial headwinds. While its e-commerce platform appears to be functioning well, the sharp decline in assets and cash reserves suggests the company is burning through money. It’s a worrying sign for the future, though the company’s established brand and dedicated fanbase could help it weather the storm.

Registered in England/Wales under the registration number 04503533, with a registered address at SW19 2RD, London, Thomas Harris 1929 Shop Merton Abbey Mills, 18 Watermill Way.

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