Musicpsych Ltd

Musicpsych Ltd is a small, active company based in London, UK, founded fifteen years ago in 1990. With three employees and £6,235,493 in assets, it’s a modest operation led by three directors and two owners. The company operates from a real address and regularly imports and exports electrical machinery and equipment – 102 months of import activity and 101 months of export activity have been recorded.

The company’s website reveals it’s a distributor for Strymon and Hotone, specializing in guitar effects processors and accessories. It acts as the exclusive distributor in the UK and most major European territories. The website highlights a focus on high-quality products, exceptional service, and support. It also features a blog with news and updates, and a section dedicated to dealer enquiries. The company's website also has a section for spare parts, which are available for both UK and EU customers.

Financially, Musicpsych Ltd shows some interesting trends. While current assets increased by 3.4% to £6,200,000, bank cash fell by 7.6% to £4,200,000. Creditors decreased by 33%, suggesting improved debt management, however, trade debtors increased by 13%, which could be a concern. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the drop in cash reserves warrants attention. There’s no mention of an auditor, likely due to the company’s small size and exemption from an audit. The company's retained earnings accumulated losses increased by 5.7% to £7,000,000.

Overall, Musicpsych Ltd appears to be a stable, niche distributor, but the changes in cash reserves and trade debtors suggest a need for close financial monitoring.

Registered in England/Wales under the registration number 07227221, with a registered address at N1 1HS, London, 33 Ripplevale Grove.

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