Strings & Things Limited

Strings & Things Ltd, based in Brighton, UK, is a small, active company with a rich history, having been founded 49 years ago in 1975. With 27 employees and £5,108,483 in assets, it’s a well-established player in its sector. The company operates from a virtual address, a point to note, and is overseen by four directors and two owners. It’s a regular importer of musical instruments and parts, with 480 months of import activity recorded, and a regular exporter with 27 months of activity.

The company's core business revolves around the wholesale of musical instruments, and it seems to be a stable operation. The website, however, is currently unavailable, making it difficult to assess its online presence or e-commerce activities.

Financially, Strings & Things Ltd shows some interesting trends. While cash reserves increased by a healthy 28% to £2.9 million, trade debtors have remained stable. However, creditors have significantly risen by 98% to £1.1 million, which could indicate increased short-term debt obligations. Net assets have also increased by 7.1% to £5.6 million, a positive sign. The company’s small size—meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—helps it maintain agility. There's no auditor mentioned, which is common for small companies, so the figures are unaudited.

The company’s increased borrowing, however, is something to keep an eye on. It could be a strategic move to fuel growth, or it could signal a need for improved cash flow management. The fact that the company has been around for nearly five decades suggests resilience, but the rising debt levels warrant further scrutiny. The directors list was changed four months ago, which is a good sign, and the company is currently stable.

Registered in England/Wales under the registration number 01214443, with a registered address at BN1 2RL, England, Brighton, 15 West Street.

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