Piano Auctions Limited

Piano Auctions Ltd, based in Bedford, UK, is a small, family-run company with an active trading status. Founded 22 years ago in 2003, it employs five people and holds £454,155 in assets. The company operates from a virtual address—eleven companies registered at the same address—and is managed by three directors and two owners. It regularly exports musical instruments and parts, with the latest export operation recorded in December 2024.

The company’s website, pianoauctions.co.uk, positions itself as a world-leading specialist in piano auctions, offering both upright and grand piano sales and restoration services. It runs regular auctions, showcasing a catalogue of pianos available for purchase, and provides valuation services to those looking to sell. The site also features past auction results, news, and insights into the world of pianos, and has a showroom in Harrods, London.

Financially, Piano Auctions Ltd presents a mixed picture. Current assets have decreased by 55%, dropping to £450,000, while net assets have increased by 5.9%, reaching £340,000. Cash reserves have decreased by 52%, falling to £390,000. Creditors have dramatically decreased by 83%, suggesting improved debt management, but trade debtors have also fallen by 66%. 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 agility, but the decrease in cash reserves is something to keep an eye on. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Piano Auctions Ltd seems to be holding its own, though the decrease in cash reserves is a point of concern. The company’s focus on specialist piano auctions and its presence in the high-end market—with a showroom in Harrods—suggests a business with a unique niche and a strong brand, but it's important to monitor the financial trends closely.

Registered in England/Wales under the registration number 04717307, with a registered address at MK40 3JJ, England, Bedford, 18 Grove Place.

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