Salop Music Centre Limited

Salop Music Centre Ltd from Shrewsbury UK is a small, family business with an active status, founded six years ago. Employing five people, the company holds £121,108 in assets and operates from a virtual address – a point to note as sixty-two companies are registered at the same location. Two directors and two owners (though the list isn’s exhaustive) manage the operation, which boasts a stellar 5.0 Google rating based on 113 reviews. The company is an irregular importer of musical instruments and parts, with just one month of import activity recorded as of December 2024.

The company’s website showcases a wide range of musical instruments and accessories, from electric guitars and drums to pianos and ukuleles. It also offers a repair service and sells pre-loved instruments. The site even features a showroom in Harrods, London. The company operates from a showroom in Cambridge, and prides itself on museum-grade restorations, self-play system integrations, and disaster recovery for damaged pianos.

Financially, Salop Music Centre Ltd’s recent performance presents a mixed picture. Current assets have fallen by 29% to £120,000, while net assets have plummeted 160% to -£110,000. Bank borrowings have surged by 2,400%, reaching £29,000, and cash reserves have fallen 43% to £9,900. Creditors have decreased by 16%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Salop Music Centre Ltd appears to be facing financial pressures, despite its strong online reputation and diverse offerings. The company’s ability to navigate these challenges will depend on its continued success in the retail market and its ability to maintain its reputation for quality and service.

Registered in England/Wales under the registration number 11553602, with a registered address at SY1 3AB, United Kingdom, Shrewsbury, Shropshire, Countrywide House, Knights Way.

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