Psounds Limited

Psounds Limited is a small, active company based in Newnham, UK, founded six years ago in January 2019. The company, with two employees and £10,013 in assets, operates from a real address and is led by two directors and owners. It specializes in retail sale via mail order houses or via internet, and other retail sale not in stores, stalls or markets.

The company’s website, scalelimited.com, functions as a hub for Greyscale and Redscale labels, launched in 2012 by Lithuanian producer and DJ gradu and photographer Rima Prusakova. The site showcases a diverse range of music releases, from vinyl records and CDs to digital downloads, catering to a niche audience of electronic music enthusiasts. The website highlights a focus on independent artists and experimental sounds, with a strong emphasis on visual aesthetics and limited-edition releases. It’s clear that the company is heavily involved in the music industry, acting as a platform for artists to distribute their work and connect with fans.

Financially, Psounds Limited presents a mixed picture. While current assets saw a significant jump of 9900%, reaching £10,000, net assets took a sharp dive, ending at -£3,300. Bank borrowings remained steady, and cash reserves held at £9,800. 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, but the decline in equity suggests potential financial strain. No auditor is mentioned, reflecting its exemption as a small company. The accounts are unaudited, so the figures rely on director-reported data.

Overall, Psounds Limited appears to be a small, niche music label navigating the challenges of the digital music landscape. The company’s focus on independent artists and limited-edition releases suggests a commitment to quality over quantity, but the recent financial losses raise questions about its long-term sustainability.

Registered in England/Wales under the registration number 11769917, with a registered address at GL14 1JQ, England, Newnham, Allestree, Elton Road.

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