Udo Audio Ltd

Udo Audio Ltd is a small, active company based in Eastleigh, UK, founded six years ago in 2018. With £656,869 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner. The company employs seven people and operates in the manufacture of electronic components industries. It’s a regular importer of electrical machinery and equipment (18 months imported) and a regular exporter of musical instruments and parts (78 months exported).

The company’s website is non-existent, making it impossible to determine if it operates an e-commerce site or relies solely on business-to-business sales. The lack of an online presence suggests a focus on direct sales or partnerships within the electronic components industry.

Financially, Udo Audio Ltd presents a mixed picture. Cash bank on hand has decreased by 34% to £250,000, while creditors have increased by 98% to £140,000. Trade debtors have surged by 530% to £210,000, which could indicate a period of rapid growth or potential issues with customer payments. On a positive note, current assets have increased by 14% to £660,000 and equity has increased by 2.2% to £520,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the increase in debt should be monitored. There is no auditor mentioned, likely exempt as a small company, so the figures rely on unaudited statements.

The increase in debt could be a result of investment in inventory or expansion of operations. The sharp increase in trade debtors could also be a result of offering more credit to customers. It's possible that the company is experiencing a period of rapid growth, but it's also possible that it's facing some financial challenges.

Registered in England/Wales under the registration number 11620056, with a registered address at SO53 3AL, England, Eastleigh, Hampshire, Northover House 132a Bournemouth Road, Chandler's Ford.

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