Newtube Ltd

New Tube Company, based in Romford, UK, is a small, active e-commerce business founded four years ago. With a single employee and £587,613 in assets, it's a solo venture led by owner and director Veniamin Nicholas. The company operates from a real address and is registered with Companies House.

The New Tube Company specializes in the sale of tubes – specifically, vacuum tubes for guitar amplifiers and related audio equipment. Its website showcases a wide selection, including 12AX7, ECC83, and 6L6GC tubes, catering to both consumers and original equipment manufacturers. The site highlights the challenges posed by the war in Ukraine, which has significantly increased the cost of Russian-made tubes due to tariffs. To address this, the company offers Chinese-made PSVANE tubes as an alternative and adjusts prices accordingly. It also sells Jolida Fusion and Black Ice Audio amplifiers, and features custom-built Electroplex amplifiers.

Financially, New Tube Company's recent performance presents a mixed picture. While current assets increased by 24% to £590,000, net assets rose by a more substantial 43% to £440,000. However, cash reserves decreased by a significant 79% to £86,000. Trade debtors have also increased substantially, by 680%, reaching £500,000, which could indicate a reliance on customer payments or expansion of credit terms. The company's small size (meeting two of three conditions for being classified as small) helps it remain nimble, but the decrease in cash reserves is something to keep an eye on. As a small company, it is exempt from an audit, and the financial statements are unaudited.

Registered in England/Wales under the registration number 13157700, with a registered address at RM6 6AX, England, Romford, Office 2514 321-323 High Road.

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