K G Music Limited

Music Kg Ltd, from Dunfermline UK, is a small holding company with an active status, established sixteen years ago. Employing twenty-two people and holding £887,937 in assets, it operates from a real address and is overseen by two directors and one owner. The company regularly imports musical instruments and parts (64 months), with the last operation in January 2025, but exports irregularly (2 months), with the last in September 2024.

The company's website, Wise Music Classical, serves as a digital catalogue and news hub for classical music publishers. It showcases composers and works from the 20th century, offering a wealth of information on performances, rentals, licensing, and downloadable catalogues. The site also features news updates, feature articles, and promotional content, demonstrating a focus on promoting its composers and repertoire. It’s clearly not an e-commerce site, but rather a platform for showcasing and distributing musical works—a digital extension of a traditional publishing business.

Financially, Music Kg Ltd presents a mixed picture. While cash reserves increased by 26% to £96,000, net assets decreased by a significant 56% to £72,000, suggesting a drawdown of equity. Bank borrowings remained stable, but creditors surged by 81% to £710,000, indicating increased short-term liabilities. Trade debtors also rose by 30%, which could be a sign of delayed customer payments. The company meets the criteria for a small business, with turnover under £10.2 million and fewer than 50 employees. The lack of an auditor mentioned suggests it’s exempt from an audit, relying on unaudited financial statements. The company's future is uncertain, but it's clear that it's facing challenges—although the increase in cash reserves suggests some degree of financial stability.

Registered in Scotland under the registration number SC343715, with a registered address at KY12 7SD, Scotland, Dunfermline, 73 Elgin Street.

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