Paxman Musical Instruments Limited

Paxman Musical Instruments Ltd, based in London, UK, is a small, active company with a rich history spanning 62 years. Employing 12 people and boasting a perfect 5.0 Google rating from 38 reviews, the company operates from a real address and is overseen by four directors, though no owners are officially listed. A regular importer and exporter of musical instruments and parts—with 118 months of import activity and 127 months of export activity—Paxman has been a fixture in the musical instrument scene for decades.

The company’s website highlights its specialization in crafting high-quality brass instruments, particularly horns. Founded in 1919, Paxman has evolved from a supplier of instruments to a manufacturer renowned for its expertise in horn restoration and production. The website showcases a wide range of instruments and accessories, alongside a commitment to customer service and a focus on British craftsmanship.

Financially, Paxman Musical Instruments Ltd presents a mixed picture. Cash bank on hand dipped by nearly 10% to £100,000, while creditors decreased by a significant 43% to £93,000. Debtors also saw a decline, falling 14% to £200,000. Equity, however, remained stable at £500, with Share Capital also holding steady at £16,000. Fixed assets experienced a decrease, falling 21% to £29,000. The company’s small size—meeting two of three criteria for a small company—helps it maintain agility. The lack of an auditor mentioned suggests the company is exempt due to its size, relying on unaudited financial statements.

The decrease in cash reserves and fixed assets could indicate reinvestment in equipment or materials, or perhaps a slowdown in sales. The stable equity suggests a solid foundation, but the company will need to carefully manage its debts and maintain its reputation for quality to ensure long-term success.

Registered in England/Wales under the registration number 00746437, with a registered address at SE1 4PD, England, London, Unit A, 197 Long Lane.

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