Music In Every Room Ltd

Music In Every Room Ltd, based in Leeds, UK, is a small, active company established 19 years ago. With four employees and £246,953 in assets, it’s a modest operation led by three directors and a single owner. The company boasts a solid 4.0 Google rating from six reviews and regularly imports electrical machinery and equipment, with its last import activity recorded six months ago.

The company’s website, Music In Every Room, positions itself as a specialist in multi-room audio, home cinema, and smart home solutions. It caters to both residential and commercial clients, offering design, installation, and maintenance services. The site highlights its expertise in commercial audio systems, with experience serving hotels, restaurants, and even education facilities. It also offers trade professional partnerships, suggesting a B2B element to its business.

Financially, Music In Every Room Ltd shows some concerning trends. While turnover remained relatively stable, net assets declined by 1.3% to £140,000. Bank borrowings increased by 14% to £4,900, and cash reserves decreased by 2.3% to £94,000. Creditors, however, increased by 16% to £110,000. The company meets two of the three criteria for being a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). There's no auditor mentioned, which is typical for small companies.

The decline in net assets and increase in creditors, alongside the decrease in cash reserves, suggests the company may be burning through money. Perhaps a slowdown in sales or increased operating expenses are to blame. The company’s continued focus on high-end audio and smart home technology, however, suggests a commitment to a premium market—one that could potentially drive future growth. It's a bit concerning that the number of average employees during the period decreased by 25% too.

Registered in England/Wales under the registration number 05776845, with a registered address at LS20 8BX, Leeds, West Yorkshire, Unit 16 The Sidings, Station Road Guiseley.

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