The Hifi Gallery Ltd

The Hifi Gallery Ltd is a small, active company based in Stirling, Scotland, founded four years ago in September 2020. With a real registered address and two directors, including solo founder Bird Paul Thomas, the company employs just one person and holds £55,833 in assets. It operates from a purpose-built workshop, despite what Google says, and has a changed telephone number. The company’s primary focus is on repairing and refurbishing high-end tonearms, particularly Linn Ittoks and Naim Aros, but it also offers a range of audio and video equipment.

The Hifi Gallery’s website showcases a diverse selection of products, from turntables and amplifiers to loudspeakers and cables, representing brands like Argento Audio and Thales. It also features a section for ex-demonstration and pre-owned items, and a blog with product reviews and news. The company is an irregular importer, with its top import category being Electrical machinery and equipment, totaling 1 months of imports. The last import operation was conducted on December 01, 2022.

Financially, The Hifi Gallery Ltd shows some concerning trends. Net assets have dropped dramatically to -£11,000, a significant change from the previous year. Cash reserves have also decreased by 180%, sitting at just £12,000. Liabilities have increased, with accrued liabilities up 230%. Trade debtors have fallen by 73%, suggesting a potential issue with customer payments. Despite these challenges, 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. The lack of an auditor, likely due to its small size, means the figures are unaudited. It’s clear the company is facing financial pressures, although its focus on high-end repairs and a loyal customer base may help it weather the storm.

Registered in Scotland under the registration number SC673161, with a registered address at FK10 3SA, Scotland, Alloa, Clackmannanshire, Alloa Business Centre, Whins Road.

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