Southern Record Distributors Limited

Southern Record Distributors Ltd, based in Harrow, UK, is a small, active company founded 37 years ago in 1987. With eleven employees and £2,235,363 in assets, it operates from a virtual address – a fact that's notable as 120 companies are registered at the same location. The business is run by two directors and two owners, and regularly imports and exports electrical machinery and equipment, with 123 months of import activity and 101 months of export activity recorded.

The company's website reveals a fascinating story. Southern Record Distributors began as a physical music distributor for Southern Records, but has evolved into a major European distributor specializing in both physical and digital music. It caters to shops, stores, and online platforms, showcasing a wide range of artists and genres. The website is filled with new album and single releases, highlighting jazz, rock, electronic, and world music, and even includes a blog with reviews and news. The company’s website also indicates a connection to 1066 Pianos, a high-end piano restoration business, though the nature of this connection isn't entirely clear.

Financially, Southern Record Distributors Ltd shows a mixed picture. While cash bank on hand increased by 45% to £390,000, current assets remained relatively stable at £2,200,000. However, trade debtors decreased significantly by 17%, suggesting potential issues with customer payments. Bank borrowings increased by a substantial 2,400% to £29,000, and equity dropped 5.1% to £610,000. Creditors also increased by 3.9% to £1,600,000. 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 agility, but the rise in borrowings and decline in equity are worth noting. As a small company, it is exempt from an audit, so the financial statements are unaudited. The company’s financial instruments are classified under FRS 102, and the accounts were authorised for issue on January 31, 2025.

Registered in England/Wales under the registration number 02159871, with a registered address at HA1 1RA, England, Harrow, Middlesex, 166 College Road.

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