Neat Acoustics Limited

Neat Acoustics Ltd, based in County Durham, UK, is a small, active company celebrating 29 years in business. Founded in 1996, it employs five people and holds £298,774 in assets. With a real address and a single director and two owners, the company regularly imports and exports electrical machinery and equipment—19 months of import activity and four months of export activity, the latest in March 2021.

The company's website showcases a range of high-end loudspeakers, from the IOTA series to the Ultimatum models, catering to audiophiles and music enthusiasts. It's clear Neat Acoustics focuses on design and craftsmanship, with detailed product pages, gallery showcasing old models, and downloadable instructions. The website also highlights distributors and retailers worldwide, demonstrating a global reach. A recent announcement details a new distributor in Germany and a demand for a new version of the Petite Classic, suggesting a focus on customer feedback and product evolution.

Financially, Neat Acoustics Ltd presents a mixed picture. While bank borrowings decreased by 20% to £80,000, cash reserves dipped slightly to £7,100. Trade debtors saw a significant increase of 680%, reaching £13,000, which could indicate a shift in payment terms or increased sales on credit. Creditors also decreased by 48%, suggesting improved debt management. 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 flexibility, but the increase in debtors warrants monitoring. The accounts are unaudited, being exempt as a small company, so rely on director-reported data.

Overall, Neat Acoustics Ltd appears to be a stable, albeit small, business with a strong brand identity and a focus on quality. The recent announcements and distributor expansion suggest a positive outlook, but the increase in trade debtors should be watched closely.

Registered in England/Wales under the registration number 03153212, with a registered address at DL12 8XT, County Durham, 29b Harmire Enterprise Park, Barnard Castle.

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