Shermann Audio Ltd

Shermann Audio Ltd from London UK: small company, active status, founded 8 years ago, £13,737 assets, virtual address, 1 director, 1 owner. Regular importer of electrical machinery and equipment (6 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the manufacture of other electrical equipment industries.

The business appears to be a small operation, importing electrical machinery and equipment regularly, with the last import operation conducted on February 01, 2025. The registered address is a virtual one, shared by a staggering 28,645 other companies, which is a bit unusual. It's run by a single director and owner, Macneil Lewis John, who also appears to be the only employee. The company's website is currently unavailable, so it's difficult to determine if it operates as an e-commerce business or focuses on wholesale distribution.

Financially, Shermann Audio Ltd presents a mixed picture. Current assets have increased dramatically, jumping 270,000% to £14,000, which is a significant change. However, equity has plummeted 56,000% to -£2,800, indicating losses and potentially a reliance on borrowing. Bank borrowings have increased, and creditors have risen, suggesting the company is taking on more debt. Cash reserves are at £14,000, but the negative equity raises concerns. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

While the company’s financial situation looks a little shaky, it’s important to remember it’s a small business operating in a specialized industry. The increased assets suggest new business, but the negative equity indicates that it’s burning through money. The single director and owner model, while efficient, could also mean a lack of management depth, which could be a problem if the business grows.

Registered in England/Wales under the registration number 10576489, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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