Kudos Records Limited

Kudos Records Ltd from London UK: a small holding company with an active status, has been operating for 32 years. With 15 employees and £1,526,713 in assets, it’s a modest-sized business with a virtual address, managed by three directors and one owner. The company regularly imports and exports electrical machinery and equipment, with 43 months of import activity and 170 months of export activity.

Kudos Records operates as a distributor of independent record labels, providing physical and digital distribution, manufacturing, and marketing services. Its website showcases a diverse range of releases, from vinyl LPs to digital albums, spanning genres like jazz, electronic, and world music. The site emphasizes same-day shipping, free tracking on UK orders, and safe, secure packaging, and has a 5,651-rating. It seems to be a pure e-commerce operation, with no mention of a physical retail space.

Financially, Kudos Records presents a mixed picture. While current assets increased by 29% to £1,500,000, net assets rose a more substantial 87% to £450,000. However, bank borrowings increased by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Trade debtors decreased by 25%, suggesting better debt management. 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 stay agile. With no auditor mentioned, the figures rely on unaudited statements.

The sharp increase in bank borrowings, despite the rise in assets, could indicate a need for working capital to support growth or manage increased operational costs. It’s possible the company is investing in marketing or expanding its distribution network. The decrease in cash reserves, while concerning, may be a temporary effect of increased activity. The company’s focus on independent labels suggests a commitment to niche markets and quality music, but it also means facing competition from larger distributors.

Registered in England/Wales under the registration number 02749188, with a registered address at E2 6GH, England, London, 303 The Pill Box 115 Coventry Road.

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