Music Factory Limited

Music Factory Ltd, based in Industrial Estate Rochford, UK, is a small, holding company with an active status. Founded 23 years ago in May 2001, it employs seven people and holds £259,143 in assets. The company has four directors and a single owner, and boasts a perfect 5.0 Google rating from 66 reviews. It’s a regular importer of musical instruments and parts, with 15 months of import activity recorded.

The company’s website, theinstrumentfactory.co.uk, reveals a focus on music education and production. It operates as a music school and recording studio in Newport Pagnell, offering instrument tuition and music production services for all ages and abilities. The site encourages potential students to book a free taster session, highlighting a focus on creativity and individuality. Opening hours are listed, and the website provides contact information and a student portal.

Financially, Music Factory Ltd shows some concerning trends. Current assets have decreased by 17%, falling to £260,000. Bank borrowings have significantly dropped, decreasing by 48%, reaching £11,000, which is a positive sign. However, net assets have also fallen by 7.7%, to £460,000. Trade creditors have increased by 22%, reaching £100,000, which could indicate a reliance on credit. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible. With no auditor mentioned, the financial statements are unaudited.

Overall, Music Factory Ltd seems to be facing some financial pressure, despite its strong Google rating and focus on music education. The decrease in assets and increase in creditors suggests a need for careful financial management, though the reduction in bank borrowings is a positive development.

Registered in England/Wales under the registration number 04226132, with a registered address at SS4 1LB, Industrial Estate Rochford, Essex, Unit 1 Roach View Business Park, Millhead Way Purdeys.

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