Network Music Limited

Network Music Limited, based in Princes Risborough, UK, is a small, active company established twenty years ago. With £46,285 in assets and a virtual address shared by twenty-six other companies, it’s a compact operation managed by one director and owner. The business primarily imports electrical machinery and equipment, with recent activity recorded three months ago. It operates in the retail sale via mail order houses or via internet industries.

The company’s website, while minimal, highlights its focus on music-related products and services. It's not clear if this is a fully-fledged e-commerce site, but it does suggest a retail focus. It’s a small business, meeting two of three conditions for classification (turnover under £10.2 million, assets under £5.1 million, and fewer than 25 employees).

Financially, Network Music Limited shows some concerning trends. Cash bank on hand decreased by 12% to £19,000, and bank borrowings dropped by 34% to £15,000. Creditors also decreased by 34% to £15,000, which is a good sign. However, net assets increased by 110% to £16,000, which is a little unusual. Trade debtors also increased significantly, by 100% to £1,200. The company’s unaudited accounts, prepared using VT Final Accounts software, show a reliance on director-reported data.

The company’s equity increased significantly, which is a good sign. It seems like they're managing their debts well, but the increase in debtors suggests they may be waiting longer to get paid. It’s hard to say exactly what’s going on without more information, but the company seems to be holding its own.

Registered in England/Wales under the registration number 05339067, with a registered address at HP27 9AA, England, Princes Risborough, The Old Star, Church Street.

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