Loudspeaker Technology Limited

Loudspeaker Technology Ltd from Stroud, UK, is a large, active company founded 44 years ago. Employing 91 people and boasting £5,651,079 in assets, it’s a well-established player in the industry. The company, with three directors and one owner (a solo founder), maintains a real address and holds a stellar 5.0 Google rating based on 31 reviews. It’s a regular importer and exporter of electrical machinery and equipment, with 221 months of import activity and 378 months of export activity recorded.

The company’s website details its core business: loudspeaker manufacturing. It’s a business focused on the design, production, and distribution of high-quality loudspeakers for various applications. While the website doesn’t explicitly mention e-commerce, it does showcase a range of products and provides contact information for inquiries, suggesting a business-to-business model rather than direct online sales.

Financially, Loudspeaker Technology Ltd appears to be facing some headwinds. Current assets have decreased by 27%, falling to £5,700,000, while net assets have increased by 12%, reaching £8,700,000. Bank borrowings have decreased by 98%, dropping to £280, while cash reserves have fallen 46%, sitting at £1,900,000. Creditors have decreased by 19%, indicating improved debt management. The company meets the criteria to be considered large, having turnover over £36 million, balance sheet total over £18 million, and more than 250 employees. The company’s unaudited financial statements, prepared by Griffiths Marshall, show a decrease in profit from £1,600,000 to £910,000, and a decrease in bank cash reserves.

The decrease in cash reserves, coupled with increased bank borrowings, suggests the company might be burning through cash—perhaps due to increased investment in production or expansion. However, the decrease in creditors and the overall increase in net assets suggest that the company is managing its debts effectively. The lack of a mention of e-commerce on the website, combined with the large number of employees, indicates a business-to-business model, likely selling to distributors or manufacturers rather than directly to consumers.

Registered in England/Wales under the registration number 01518084, with a registered address at GL6 8HR, United Kingdom, Stroud, Gloucestershire, Gypsy Lane, Aston Down.

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