Northwest Guitars Limited

Northwest Guitars Ltd from Warrington UK: a small, active company founded thirteen years ago, employs six people, and holds £529,487 in assets. With a real address and a single director and owner (a solo founder), it operates an e-commerce site and enjoys a stellar 5.0 Google rating from 189 reviews. The company regularly imports musical instruments and parts, with nineteen months of import activity recorded.

The website, Northwest Guitars, is a comprehensive online store catering to guitar enthusiasts and luthiers. It offers a vast selection of bodies, necks, hardware, pickups, strings, paints, and tools—everything needed to build, repair, or customize a guitar. The site also features a blog with helpful guides on guitar setup, maintenance, and repair, demonstrating a commitment to customer education. It even has a reverse auction feature, which is a neat touch.

Financially, Northwest Guitars Ltd shows some interesting trends. Turnover increased by a solid 12%, reaching £1.2 million, but gross profit decreased by 29% to £430,000—a worrying sign. Cash reserves dropped 30% to £250,000, and net losses deepened to -£50,000. Trade debtors increased significantly, reaching £130,000, suggesting potential issues with customer payments. However, creditors decreased by 18%, which is a positive sign for 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) helps it stay nimble, but the profit decline warrants attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Northwest Guitars Ltd appears to be a well-regarded online retailer facing some financial headwinds. The strong customer reviews and broad product range suggest a solid foundation, but the company needs to address the declining profitability to ensure its long-term success.

Registered in England/Wales under the registration number 07861752, with a registered address at WA5 0LW, England, Warrington, Northwest Guitars Ltd, Hoyle Street.

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