Team Audio Ltd

Team Audio Ltd, based in Hove, UK, is a small, active company established thirteen years ago in 2012. With four employees and £293,960 in assets, it operates from a virtual address – a fact highlighted by the presence of 266 other companies registered at the same location. The company is led by two directors and two owners, though the list of owners changed nine years ago.

The business specializes in importing and exporting electrical machinery and equipment. It has been a regular importer for nineteen months, with the last operation occurring in June 01, 2024, and a regular exporter for four months, with the last operation also on June 01, 2024. The company operates within the “other business support service activities n.e.c.” industry.

A review of the company’s financial data reveals a mixed picture. While cash reserves increased significantly by 290% to £160,000, net assets remained relatively stable at £430,000. Bank borrowings, however, decreased by 63% to £18,000, suggesting improved financial management. Creditors also increased by 72%, indicating a reliance on trade credit. The company’s small size – meeting two of three criteria for a small company – allows for agility, but the increased creditors could indicate a need to manage cash flow more effectively. The company’s turnover is not mentioned, but it is likely to be under £10.2 million.

The company’s financial statements are unaudited, a common practice for small companies. The decrease in advances to directors, however, might suggest a shift in management priorities. Overall, Team Audio Ltd appears to be navigating a period of change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 08008690, with a registered address at BN3 2DL, Hove, East Sussex, 168 Church Road.

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