Sound Decisions Limited

Sound Decisions Ltd from Andover UK: a small, active company established 24 years ago, employs six people, and holds £981,024 in assets. With three directors and two owners, the company operates from a real address and has a long history of importing electrical machinery and equipment – twelve months of imports recorded, with the latest in July 2024. It also exports these items, though less frequently, with only two months of export activity, the last in July 2022. The company operates in the wholesale of radio, television goods & electrical household appliances industries.

It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. The company's website is non-existent, which makes it hard to tell what the business is doing.

Financially, Sound Decisions Ltd shows a mixed picture. Current assets increased by 18%, reaching £980,000, which is good news. However, bank borrowings increased by 97%, reaching £240,000, which could be a concern. Creditors also increased by 120%, reaching £97,000, suggesting a need to manage debt more effectively. Cash reserves decreased by 5.1%, reaching £500,000. The company's intangible assets have also decreased, which could be a sign of a slowdown in investment. The company is audited by Martin and Company Audit Limited.

The company's small size and active status suggest it's a resilient business, but the increase in debt and decrease in cash reserves indicate it may need to focus on improving its financial management. It’s possible the company is investing in new equipment or expanding its operations, which could explain the increase in debt.

Registered in England/Wales under the registration number 04042597, with a registered address at SP10 5NX, Andover, Hants, Unit 6 Regents Court, Walworth Industrial Estate.

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