Promenade Music Limited

Promenade Music Limited, based in Morecambe, UK, is a small, active company established nine years ago. With thirteen employees and £558,447 in assets, it operates from a real address and is led by one director and owner. The company boasts a stellar 5.0 Google rating from 136 reviews and runs a thriving e-commerce site, regularly importing musical instruments and parts—a practice spanning 48 months, with the latest import in December 2024.

The company’s website showcases a vast selection of instruments, from keyboards and guitars to drums and wind instruments, catering to both beginners and professionals. It also offers a range of accessories, amplifiers, and recording equipment. Promenade Music also provides services like printed sheet music, music lessons, and instrument hire, indicating a commitment to supporting musicians beyond just retail sales. The site even features a section on Gibson guitars, highlighting a partnership with a well-known brand.

Financially, Promenade Music Limited presents a mixed picture. Cash bank on hand has decreased by 32% to £7,800, while bank borrowings have reduced by 20% to £37,000. Current assets have increased slightly to £560,000, and creditors have decreased by 7% to £410,000. However, the number of average employees has fallen by 31% to just nine. 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 nimble, but the decline in employee numbers could be a cause for concern. The company’s retained earnings accumulated losses have increased by 27% to £160,000. There’s no auditor mentioned, likely due to its small size and exemption from an audit.

Registered in England/Wales under the registration number 09810805, with a registered address at LA4 5AR, England, Morecambe, Lancashire, 404 Marine Road East.

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