S & T Audio Limited

S & T Audio Limited, based in Liverpool, UK, is a substantial player in the musical instrument and professional audio equipment retail sector. Established 26 years ago, the company boasts a real address, employs 202 people, and holds assets valued at £12,158,832. With an impressive turnover of £43,016,074, it operates as a holding company and is actively trading. The business regularly imports musical instruments and parts (149 months) and has also exported them for five months, indicating a dual import-export model. The company also runs an e-commerce site, broadening its reach beyond physical stores. Three directors and one owner manage the operations, with Clark Ian Kenneth Sumner, St Pauls Secretaries Ltd, and Black David Andrew currently listed as directors.

The company's website showcases a nationwide retail operation, serving customers through an online platform and 14 stores across the UK. It caters to a wide range of customers, from hobbyists to enterprises, offering everything from musical instruments to professional audio equipment. The company’s Play Music Today (PMT) brand is well-known and respected within the music industry.

Financially, S & T Audio Limited’s recent performance shows some concerning trends. While turnover remains strong, net assets have fallen by 16%, dropping to £12 million. Bank borrowings have decreased, which is a positive sign, but cash reserves have also declined by 34%, leaving only £1.5 million available. Creditors have also decreased by 21%, which could indicate improved debt management, but the overall picture suggests a tightening of financial resources. The company’s net loss has also increased significantly, from £910,000 to £220,000, which is a considerable jump.

The company’s auditor is Langtons Professional Services Limited, and the financial statements are audited. The company’s assets are significant, and the turnover is impressive, but the declining net assets and increased net loss are points to watch. The decrease in cash reserves could be a result of increased investment in the business or a response to changing market conditions. The company’s long history and established brand position it well for future success, but careful financial management will be crucial to navigating these challenges.

Registered in England/Wales under the registration number 03735541, with a registered address at M2 1HW, Manchester, C/O INTERPATH ADVISORY, 10th Floor 1 Marsden Street.

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