Sonic Academy Limited

Sonic Academy Limited, based in Bangor, UK, is a small, active company founded 14 years ago in 2010. With five employees and £547,253 in assets, it operates as an e-commerce site and holds a respectable 4.0 Google rating from five reviews. The company has two directors and two owners, and its registered address is real, with only one other company registered at the same location.

Sonic Academy Limited is primarily involved in sound recording and music publishing activities, as well as retail via mail order and the internet. It’s a music school in Belfast, Northern Ireland, and has a website that offers online courses and tutorials on music production. The company’s website indicates a focus on providing high-quality education and resources for aspiring music producers.

Financially, Sonic Academy Limited’s recent performance shows some concerning trends. Current assets have fallen by 15% to £550,000, and net assets have decreased by 29% to £470,000. Cash reserves have also taken a hit, dropping 24% to £480,000. Creditors have surged by 140%, reaching £160,000, and trade debtors have increased significantly by 400%. Interestingly, the number of employees has decreased by 20%, from five to four. The company’s small size—meeting two of three criteria for being classified as small—helps it maintain agility, but the decline in equity and cash raises questions. As a small company, it’s likely exempt from an audit, meaning the financial statements are unaudited. The increase in borrowing may indicate a need for additional capital to support its operations.

Registered in Northern Ireland under the registration number NI604240, with a registered address at BT20 3TP, Bangor, County Down, 5 Downshire Park.

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