Rimmers Music Ltd.

Rimmers Music Ltd from Preston UK: a small, family-run holding company with an active status, has been a fixture in the music industry for 46 years. Founded in 1978, the company employs 18 people and holds assets valued at £1,413,930. It operates from a real address and is overseen by three directors and three owners. With a thriving e-commerce site and a 5.0 Google rating based on 851 reviews, Rimmers Music is a regular importer of musical instruments and parts, with 10 months of import activity recorded.

The company’s website showcases a wide range of musical instruments, including pianos, keyboards, and accessories, catering to both amateur and professional musicians. It offers a comprehensive online shopping experience, with detailed product descriptions, customer reviews, and secure payment options. Rimmers Music also provides music tuition through its in-store locations and offers 30 free online video music lessons with every purchase. They even have a special education department serving schools and colleges nationwide.

Financially, Rimmers Music’s recent report presents a mixed picture. Current assets have decreased by 19%, falling to £1,400,000, while bank borrowings have surged by a staggering 260%, reaching £130,000. Cash reserves have also plummeted by 100%, leaving just £990. However, creditors have decreased by 48%, suggesting improved debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited.

The sharp decline in cash reserves and the increase in bank borrowings could indicate a period of investment or potentially, financial strain. The company’s continued focus on online sales and its strong Google rating suggest a loyal customer base, but the long-term sustainability of the business will depend on its ability to manage its finances effectively.

Registered in England/Wales under the registration number 01405070, with a registered address at PR1 5LS, England, Preston, Unit 7 Ribbleton Lane Trading Estate, Crook Street.

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