Sound System Club Ltd

Sound System Club Ltd is a small, active company based in London, UK, founded four years ago in 2020. It operates from a virtual address and is led by a single director and owner, Scott Paul, who also acts as the solo founder. The company’s core business revolves around the wholesale and retail of audio products, including tapes, records, CDs, and video equipment, alongside involvement in performing arts and artistic creation industries.

The company’s website functions as a central hub for LCD Soundsystem, a renowned musical act. It provides tour information, booking contacts (Samantha Kirby and David Bradley), and a comprehensive list of countries and regions where the act performs. The site’s design and functionality clearly prioritize managing the band’s global presence and facilitating bookings, indicating a strong focus on live performances and international touring. It’s a well-maintained and professional platform, suggesting a significant investment in the band’s image and operations.

Financially, Sound System Club Ltd presents a concerning picture. Cash reserves have dwindled dramatically, dropping 99% to a mere £90—a significant depletion from the previous £14,000. Equity has also taken a severe hit, plummeting 550% to -£19,000, indicating accumulated losses are outweighing retained earnings. While trade creditors have decreased slightly, other creditors have surged 1800% to £15,000 within the last year, suggesting increased reliance on short-term financing. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity and cash raises serious questions about its financial stability. The accounts are “filleted” and unaudited, with no auditor mentioned.

In essence, Sound System Club Ltd appears to be burning through money, likely fueled by the costs associated with managing a global musical act. While the band itself enjoys considerable success, the company's financial health is precarious, and it’s unclear whether it can sustain its operations without significant changes.

Registered in England/Wales under the registration number 12834705, with a registered address at EC1V 2NX, United Kingdom, London, 128 City Road.

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