Philip Adams Music Limited

Philip Adams Music Limited is a small, active company based in St. Albans, UK, founded eleven years ago in December 2013. The business employs just two people and holds assets valued at £1,621,056. It operates from a real address and is overseen by one director and owner. The company is an irregular importer of musical instruments and parts, with its last import operation occurring in January 2024, totaling one month of import activity. Officially, it supports performing arts industries.

The company’s website details a unique service: equipment hire for productions and events. It’s not a straightforward e-commerce site, but rather a contract-based operation. The terms and conditions outline strict responsibilities for the hirer, including liability for loss, damage, and theft of equipment. A four-week deposit is required, and payments are invoiced in four-weekly cycles. The company is careful to state that any material changes to the contract should be discussed in good faith. It also emphasizes the importance of adequate insurance cover for the hired equipment, as well as public liability insurance.

Financially, Philip Adams Music Limited appears to be in a healthy position. Current assets have increased by 41% to £1,600,000, and net assets have also grown by 33% to £1,500,000. Cash reserves have seen a substantial increase of 41% to £1,500,000. While creditors have risen by 69% to £200,000, and trade debtors have increased by 43% to £87,000, the overall trend suggests a growing business. 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. There is no auditor mentioned, likely due to the company’s exemption as a small entity. The company’s continued growth, despite the irregular import activity, suggests a stable and well-managed operation.

Registered in England/Wales under the registration number 08809810, with a registered address at AL1 3UD, England, St. Albans, 11 Upper Lattimore Road.

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