Presto Classical Limited

Presto Classical Ltd from Leamington Spa UK is a small holding company with an active status, established fifteen years ago. Employing forty-eight people, the company holds £1,942,478 in assets and operates from a virtual address, a bit odd. Five directors and one owner guide the business, which runs an e-commerce site and regularly imports and exports electrical machinery and equipment.

The company’s website, prestoclassical.com, is a comprehensive online store catering to music enthusiasts. It’s not just a retailer; it’s a portal to the world of classical and jazz music, offering a vast selection of CDs, vinyl, downloads, sheet music, books, and instruments. The site also features a blog with interviews, reviews, and news, and even has a rental service. It’s a full-fledged operation, with a wide range of products and services.

Financially, Presto Classical Ltd shows a mixed picture. Accumulated amortisation impairment intangible assets increased by a staggering 1100%, while net assets grew by 4.2% to £1.3 million. Cash bank on hand increased by 22% to £400,000, a positive sign. However, creditors increased by 8.3% to £1.2 million, and trade debtors increased by 890%. 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 it to remain agile, but the increase in creditors could indicate some financial pressure. The company’s financial statements are unaudited, as it’s exempt due to its small size.

The company’s focus on both importing and exporting suggests a global reach, and the e-commerce site provides a direct channel to customers worldwide. The growth in creditors, however, warrants close monitoring.

Registered in England/Wales under the registration number 07201116, with a registered address at CV32 5LA, England, Leamington Spa, 23-25 Waterloo Place, Warwick Street.

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