Protection Racket Limited

Protection Racket Ltd from Plymouth UK: small company, holding company, active status, founded 24 years ago, 3 employees, virtual address, 3 directors, 1 owner. Regular importer of musical instruments and parts (22 months imported). It’s a small business, meeting two of three conditions to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company operates as a holding company and has been active since its incorporation in April 2001.

The business specializes in providing cases and accessories for musical instruments, as evidenced by its website, Protection Racket Cases. The site, which has been around since 1994, caters to musicians and bands, offering a wide range of products including rigid cases, cymbal cases, drum cases, and luggage. It even boasts a section for marching band cases and motorcycle luggage. The website emphasizes quality and durability, highlighting features like heavy-duty webbing, rust-proof zippers, and reinforced stitching. It also includes a section showcasing artists and dealers who use Protection Racket cases, along with a contact form and social media links. The company’s website also mentions a location in Cornwall, describing it as the surfing, windsurfing Mecca of the United Kingdom.

Financially, Protection Racket Ltd shows some concerning trends. Accumulated depreciation impairment property plant equipment increased by 4.7% to £24,000, while bank borrowings increased by 6.4% to £53,000. Cash bank on hand decreased significantly by 39% to £100,000. Creditors decreased by 4.3% to £210,000, and debtors increased by 11% to £310,000. Equity increased by 26% to £130,000. The increase in debt, coupled with the decrease in cash reserves, suggests the company may be burning through money. However, the increase in debtors could indicate growing sales, although it also raises questions about payment collection. With no auditor mentioned, the unaudited financial statements rely on director-reported data, making it difficult to assess the company’s long-term financial health.

Registered in England/Wales under the registration number 04197826, with a registered address at PL1 3RP, United Kingdom, Plymouth, Devon, C/O Francis Clark Llp Melville Building East, Royal William Yard.

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