Vertere Limited

Vertere Limited, a small company based in London, UK, has been operating for 18 years, established in 2006. With 10 employees and £1,330,148 in assets, it maintains an active status and a real address at 5 Oliver Business Park. The company is led by two directors and owned by Moghaddam Touraj. Vertere specializes in importing and exporting electrical machinery and equipment, with 33 months of import activity and a substantial 383 months of export activity recorded.

The company’s website showcases a focus on high-end audio equipment, particularly record players, tonearms, cartridges, and related accessories. It operates a brand called Vertere Records, offering recordings that complement its hifi equipment. The site also features news, events, and support resources, including product warranties and downloads. The company seems to be running a website that is focused on selling high-end audio equipment, rather than a general ecommerce site.

Financially, Vertere Limited's report reveals some concerning trends. While bank borrowings increased by 9.4% to £540,000, cash reserves jumped a healthy 27% to £560,000. However, net assets decreased by 14% to £53,000, and equity dropped by the same amount. Trade debtors decreased by 39%, which is a positive sign, but other debtors plummeted by 75%, suggesting potential issues with collections. Depreciation of property, plant, and equipment also decreased, which is a little unusual. The company is small, meeting two of the three conditions for classification (turnover under £10.2 million, assets under £5.1 million, and fewer than 25 employees), and the lack of an auditor mentioned suggests it’s exempt from an audit. The company's financial statements are unaudited.

Registered in England/Wales under the registration number 05980096, with a registered address at NW10 7JB, England, London, 5 Oliver Business Park, Oliver Road.

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