Inspired Audio Limited

Inspired Audio Limited, based in Chesterfield, UK, is a small, active company founded fifteen years ago in 2009. With four employees and £137,902 in assets, it’s a solo-founded operation managed by a single director and owner, Scott Christopher Peter. The company operates from a real address, sharing space with three other businesses, and regularly imports and exports electrical machinery and equipment – 4 months of imports and 6 months of exports recorded.

The company’s website, inspiredaudio.co.uk, showcases a focus on premium quality loudspeakers manufactured in England. It caters to the professional audio market, offering compact, lightweight speakers and amplifiers designed for seamless integration into various systems. The site highlights a commitment to environmentally responsible practices, using modern transducer technology to increase efficiency and reduce weight, and emphasizing logistical efficiency through compact designs. It’s clear they’re targeting a niche market, offering solutions for integration and reliability.

Financially, Inspired Audio Limited shows some concerning trends. Current assets have fallen by 16% to £140,000, and net current assets have plummeted 260% to -£59,000 – a significant shift. Bank borrowings have decreased by 74%, which is good, but cash reserves have also fallen, and trade debtors have decreased dramatically. Creditors, however, have increased by 28%, suggesting potential strain on payment terms. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it’s likely exempt from an audit, so the figures are unaudited.

Overall, Inspired Audio Limited appears to be facing financial headwinds. While the website projects a strong brand and a focus on quality, the declining assets and negative net current assets suggest a need for careful management. It's possible the company is investing heavily in growth, but the trend warrants close attention.

Registered in England/Wales under the registration number 06978821, with a registered address at S45 0AS, England, Chesterfield, Chapel Hill Cottage Chapel Hill, Ashover.

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