Meridian Audio Limited

Meridian Audio Ltd from Cambridgeshire UK: large company, active status, founded 32 years ago, 74 employees, £6,179,091 assets, yearly revenue: £12,089,316, real address, 4 directors, 1 owner. Regular importer of electrical machinery and equipment (155 months imported). Regular exporter of electrical machinery and equipment (555 months exported). It's a sizable operation, meeting two of three conditions to be classified as large: turnover exceeding £36 million, balance sheet total over £18 million, and an average of more than 250 employees. The company boasts impressive revenue of £12.09 million and substantial assets of £6.18 million, employing 74 people.

Meridian Audio specializes in the manufacture of consumer electronics, leasing of intellectual property, and related products. Their website showcases a high-end, bespoke approach, focusing on premium home cinema solutions and audio equipment for luxury homes and cars. They don't appear to be an e-commerce business in the traditional sense; instead, they operate through a network of partners and integrators, demonstrating their products in showrooms and offering custom installations. Projects listed range from Range Rover houses to media rooms in New York and even a bespoke cinema in Johannesburg, highlighting a global reach and focus on high-end clients.

Financially, Meridian Audio’s report presents a mixed picture. While turnover remained stable, the company’s net assets decreased by 33% to £5.6 million. Bank borrowings increased by 10%, reaching £1.1 million, while cash reserves dipped by 22%. A significant increase in administrative expenses, up 30%, suggests potential cost pressures. However, the company’s amortisation expense for intangible assets rose by 57%, possibly reflecting ongoing investment in research and development. The company’s auditors, Peters Elworthy & Moore, have confirmed the accounts.

Overall, Meridian Audio appears to be a financially stable, albeit not rapidly growing, company. The focus on high-end products and custom installations suggests a resilient business model, but the increase in administrative expenses and slight decrease in cash reserves warrants monitoring. The company's long history and reputation for innovation should provide a solid foundation for future success.

Registered in England/Wales under the registration number 02710631, with a registered address at PE29 6YE, Cambridgeshire, Latham Road, Huntingdon.

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