Musicworks (uk) Limited

Musicworks (UK) Limited, based in Cheshire, is a small, active company founded 25 years ago. It employs five people and holds £231,851 in assets, operating from a real address. With three directors and two owners, the company is a regular importer of electrical machinery and equipment, with 12 months of import activity recorded, the latest in December 2024.

The company's website, MusicWorks, focuses on high-end audio equipment. It acts as a UK distributor for Accuphase, a Japanese manufacturer of amplifiers and disc players, and also sells its own range of power isolation and component products. Additionally, it represents Peak Consult, a Danish speaker manufacturer, and Aardvark, a company specializing in Ethernet noise isolation. The site's design emphasizes quality and craftsmanship, catering to audiophiles and enthusiasts seeking premium audio solutions. It’s clear the company is not an e-commerce site, but a dealer and distributor.

Financially, Musicworks (UK) Limited shows a mixed picture. Cash bank holdings increased by a solid 30% to £93,000, while current assets rose by 7.8% to £230,000. However, debtors have increased dramatically, up 420% to £16,000, which could indicate difficulties in collecting payments. Creditors also decreased by 38%, suggesting improved debt management. Equity increased by 33% to £180,000, a positive sign, and net assets are up to £180,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility. There's no auditor mentioned, likely due to the company's small size and exemption from an audit.

Overall, Musicworks (UK) Limited appears to be financially stable, but the significant increase in debtors warrants attention. The company’s focus on high-end audio distribution and its strong relationships with reputable manufacturers suggest a sustainable business model, although the financial numbers show a need to monitor receivables closely.

Registered in England/Wales under the registration number 03852224, with a registered address at SK8 2AA, Cheshire, 14 Stockport Road, Cheadle.

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