Music Connection Limited

Music Connection Limited, based in Bedford, UK, is a small, active company founded ten years ago in 2015. With £124,112 in assets and a real registered address, it’s a modest operation managed by one director and two owners. The company’s status is active and it’s been importing electrical machinery and equipment for eight months, with the most recent import occurring in November 2024. It operates in the retail sale via mail order houses or via internet industries.

The company’s website, though not provided, likely reflects its online retail focus. It's probable the business offers a range of products related to music, given its name, but further information is needed to confirm this.

Financially, Music Connection Limited shows some interesting trends. While current assets remained relatively stable at £120,000, net assets increased by 34% to £830, suggesting improved overall financial health. Cash bank on hand also grew by 5.6% to £54,000. However, accrued liabilities jumped significantly, increasing by 730% to £17,000, which could be due to increased purchasing or delayed payments. Amounts owed to directors also rose by 40% to £50,000. Trade creditors decreased by 39% to £30,000, which is a positive sign. The company meets two of the three criteria to be considered small (turnover under £10.2m, assets under £5.1m, fewer than 10 employees), and no auditor is mentioned, indicating exemption as a small company.

The increase in liabilities, despite the overall positive trends, warrants monitoring. It’s possible the company is investing in growth, or it could be facing cash flow challenges. The lack of employees reported (zero) suggests a lean operation, but the rising liabilities could be a cause for concern.

Registered in England/Wales under the registration number 09391250, with a registered address at MK44 2QS, United Kingdom, Bedford, Bedfordshire, The Granary Crowhill Farm Ravensden Road, Wilden.

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