Knock On Wood Limited

Knock On Wood Limited, based in Leeds, UK, is a small, active company founded 25 years ago in 1999. It employs just two people and holds £16,481 in assets, operating from a virtual address shared by 38 other companies. Two directors and two owners (though the full list may be larger) steer the business, which specializes in importing musical instruments and parts – although activity has been irregular, with just one month of imports recorded as of June 2022. The company's core business revolves around the retail sale of musical instruments and scores.

The company's website is not available, so it’s difficult to determine if it operates as an e-commerce business. However, the description suggests a traditional retail model, possibly with a physical storefront or participation in local markets.

Financially, Knock On Wood Limited has experienced a concerning downturn. Current assets have plummeted by 58%, falling to just £16,000, while bank cash reserves have suffered an even steeper 55% drop to £16,000. Equity has also taken a hit, decreasing by 99% to a mere £100. While creditors have also decreased by 35%, the significant decline in assets and equity raises concerns about the company’s financial health. Debtors have completely disappeared, which could indicate a change in payment terms or a write-off of outstanding invoices. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 20 employees. With no auditor mentioned, the financial statements are unaudited.

It's clear that Knock On Wood Limited is facing challenges, although the reasons behind these declines are unclear. The company’s irregular import activity and the lack of a strong online presence may be contributing factors.

Registered in England/Wales under the registration number 03804821, with a registered address at LS12 6AJ, Leeds, B.C.L. House 2 Pavilion Business Park, Royds Hall Road.

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