Thonk Ltd

Thonk Ltd from Brighton, UK, is a small, family-run business with an active status, established eleven years ago. The company employs eleven people and holds £318,603 in assets, operating from a virtual address. Two directors and two owners manage the business, which regularly imports and exports electrical machinery and equipment – 379 months of imports and 27 months of exports recorded. The company’s website showcases a diverse range of DIY synthesizer kits, components, and modular synth goods, catering to hobbyists and professionals alike.

The website is primarily an e-commerce platform, offering a wide selection of products from various brands, including Befaco, Erica Synths, and Mutable Instruments. It’s clear that Thonk Ltd specializes in providing parts and kits for building electronic music instruments, with a focus on Eurorack modules and DIY projects. The site’s layout is functional, with detailed product descriptions, specifications, and customer reviews. There’s also a blog with news and updates on the synthesizer community.

Financially, Thonk Ltd’s report reveals some concerning trends. Current assets have decreased by 39%, falling to £320,000, while net assets have plummeted 40%, landing at £260,000. Cash reserves have also taken a hit, dropping 44% to £43,000. Trade debtors have shrunk by 35%, and bank borrowings have increased by a significant amount. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the decline in equity is noticeable. As a small company, it is exempt from an audit, so the figures are unaudited.

It seems that Thonk Ltd is facing some financial pressures, but the business is still active and has a strong online presence. The company’s focus on a niche market and its reputation for quality products could help it weather these challenges, although a bit more cash would be helpful.

Registered in England/Wales under the registration number 08711466, with a registered address at BN1 4GW, England, Brighton, C/O Ozkan Accountants Ltd 2nd Floor, Suite 12, Vantage Point, New England Road.

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