Touchspot Audio Limited

Touchspot Audio Ltd, based in St. Albans, UK, is a small, active company founded four years ago. With £1,210,956 in assets and a virtual address shared by ninety-five other companies, it’s a somewhat unusual operation managed by two directors and owners. The company has been importing miscellaneous manufactured goods for a single month and exporting electrical machinery and equipment for two months. It operates in the other publishing activities industries.

The company’s website, TouchSpot Audio, is simple and focuses on regional selection for proceeding: USA, Canada, UK, and Rest of the World. It's a straightforward online presence, suggesting a focus on direct sales rather than a complex e-commerce platform. The site’s design is clean, but it doesn’t offer much insight into the company's specific products or services.

Financially, Touchspot Audio Ltd presents a mixed picture. Cash reserves have grown by a respectable 35%, reaching £490,000, which is a good sign. However, creditors have increased significantly, jumping 39% to £980,000, indicating a greater reliance on borrowing or extended payment terms. Trade debtors have also risen, increasing by 28%, which could signal difficulties in collecting payments from customers. Despite this, net assets have improved by 21%, reaching £290,000, and the company’s small size (meeting two of three criteria for a small company) allows for agility. The company’s bank borrowings increased by 2,400%, reaching £29,000. There’s no auditor mentioned, so the figures are unaudited.

The company’s irregular import and export activity suggests a niche market or project-based operations, rather than a consistent flow of goods. It’s a small business with potential, but the rising debts and reliance on borrowing warrant close monitoring.

Registered in England/Wales under the registration number 13128419, with a registered address at AL1 1LJ, England, St. Albans, Hertfordshire, Pendragon House, 65 London Road.

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