Mark Goodwin Pianos Limited

Mark Goodwin Pianos Ltd from Oldham UK: a small, active company founded 21 years ago, employs five people, and holds £277,532 in assets. It's a family business with two directors and two owners, operating from a real address. The company regularly imports musical instruments and parts, with 21 months of import activity recorded.

The company’s website showcases a thriving business specializing in Yamaha pianos. It advertises the lowest prices, a 100 Price Beat Promise, and a wide selection of pianos for sale, including models like the Yamaha C3, C1, and U1. They have showrooms in London, Manchester, and Birmingham, offering financing options, free UK delivery, a 100-day trial, and a lifetime warranty. The website also features customer testimonials from well-known figures like Emeli Sande and Jeremy Vine, reinforcing its reputation for quality service.

Financially, Mark Goodwin Pianos Ltd’s recent performance shows some concerning trends. Creditors have increased significantly, rising 49% within a year to £130,000, while bank borrowings have also climbed, up 39% to £22,000. Cash bank on hand has decreased slightly, down 6.2% to -£8,500. Although the company meets the criteria for a small company (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), the increase in liabilities suggests it’s burning through cash faster than it’s generating revenue. The company's unaudited accounts, which do not mention an auditor, rely on director-reported data. The increase in liabilities and decrease in cash reserves are concerning, but the company’s strong reputation and wide selection of pianos could help it weather the storm.

Registered in England/Wales under the registration number 04897635, with a registered address at OL2 5UN, Oldham, 12 Thornham Old Road, Royton.

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