Matchetts (musical Instruments) Limited

Matchetts Musical Instruments Ltd from Belfast, UK, is a long-standing family business, active since its founding 88 years ago in 1936. Employing ten people, the company holds £380,222 in assets and operates from a real address at 38 Wellington Place. With four directors and four owners, it's a tight-knit operation with a 5.0 Google rating based on 653 reviews. The company is an irregular importer of musical instruments and parts, with its last import activity recorded way back in April 2016. They also run an e-commerce site, selling a wide range of instruments and accessories.

The company's website showcases a diverse inventory, from guitars and drums to pianos and orchestral instruments, catering to both amateur and professional musicians. They even offer a rent-an-instrument service and stock a range of sheet music. The site’s layout is well-organized, with clear categories and a user-friendly search function, making it easy for customers to find what they need. They also have a noticeboard and advice section, which shows a commitment to customer support.

Financially, Matchetts Musical Instruments Ltd is showing some concerning trends. While cash reserves fell by a significant 58% to £60,000, creditors increased by 110% to £33,000. Trade debtors also rose by 21%, suggesting a build-up of outstanding payments. However, the company's net assets did manage to hold steady at £190,000. The company is a small entity, meeting two of three conditions for small company status (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). With no auditor mentioned, the financial statements are unaudited.

The increase in creditors and decrease in cash suggests the company might be facing some financial pressure, but its strong Google rating and diverse product range indicate a loyal customer base. It will be interesting to see if they can turn things around and continue their long-standing tradition in the Belfast music scene.

Registered in Northern Ireland under the registration number NI001106, with a registered address at BT1 6GF, Northern Ireland, Belfast, 38 Wellington Place.

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