Symphony Retail Ltd
- Liquidation
- Small
- 11 years
- Accounts overdue 6 months
- Confirmation overdue 1 year
- 9 employees
- £349,217 (assets)
- Regular importer
- Regular exporter
- Real address
- 2 directors
- 2 owners
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Symphony Retail Ltd from Matlock UK: a small, active company founded 10 years ago, is facing some challenges. With nine employees and £349,217 in assets, it operates from a real address and is overseen by two directors and owners. The company regularly imports and exports furniture, lighting, and prefabricated buildings—11 months of imports and 5 months of exports recorded—but its accounts are overdue by three months, and confirmation is overdue by ten months.
The company’s core business revolves around acting as agents involved in the sale of furniture, household goods, hardware, and ironmongery. It’s a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. While the company’s website is currently unavailable, it’s likely focused on wholesale or business-to-business sales rather than direct-to-consumer e-commerce.
Financially, Symphony Retail Ltd’s recent performance shows a concerning trend. Property, plant, and equipment saw a significant increase in depreciation, with land and buildings rising by 600%, plant machinery by 46%, and vehicles by 80%. Bank borrowings increased by 31%, while cash reserves plummeted 67% to £14,000. Creditors also decreased by 31%, which could indicate better management of short-term debts. However, net assets declined by 51%, and net current assets by 52%, suggesting a potential drain on equity. The company’s directors advanced and repaid loans to themselves, with a current balance of £37,322 due to the company. The company’s average number of employees has also decreased by 33% to six.
Despite these challenges, the company’s small size allows for agility. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company. It's clear that Symphony Retail Ltd is navigating a period of financial pressure, and whether it can sustain its operations in the long term remains to be seen.
Registered in England/Wales under the registration number 09048946, with a registered address at LS1 2NG, Leeds, West Yorkshire, C/O Clough Corporate Solutions Limited 2nd Floor 11, Park Square East.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 6 years
- 1
- 25%+
-
Resident of United Kingdom
-
Individual
- 6 years
- 3
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- 11 years
- 3
-
Resident of United Kingdom
-
Individual
- 11 years
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted two years ago.
Last news
-
Registered office address changed from C/O Clough Corporate Solutions Limited Vicarage Chambers 9 Park Square East Leeds West Yorkshire LS1 2LH to C/O Clough Corporate Solutions Limited 2nd Floor 11 Park Square East Leeds West Yorkshire LS1 2NG on 2025-06-03Download 3 pages pdf report
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Registered office address changed from 44 New Street Matlock Derbyshire DE4 3FE United Kingdom to C/O Clough Corporate Solutions Limited Vicarage Chambers 9 Park Square East Leeds West Yorkshire LS1 2LH on 2025-05-13Download 3 pages pdf report
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Statement of affairsDownload 9 pages pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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FAQ about Symphony Retail Ltd
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