Vinyl Exchange Limited

Vinyl Exchange Ltd, a small, active company from Manchester, UK, has been trading for 17 years. Founded on February 13, 2008, the company employs ten people and holds assets valued at £226,594. It's a private limited company with two directors and two owners, operating from a real address at 18 Oldham Street.

The company specializes in the retail sale of music and video recordings, both in-store and online. Its website, vinylexchange.co.uk, is a comprehensive online record store, categorizing stock by genre – from 60s pop to techno – and offering new and used vinyl, CDs, and accessories. The site also features a blog with latest additions and recommended items, showcasing a passion for music and a dedication to customer service. The company also operates a physical store at the registered address.

Financially, Vinyl Exchange Ltd shows a mixed picture. Cash bank on hand increased by a remarkable 120%, reaching £61,000, which is good news. However, accrued liabilities deferred income increased by 8.7% to £840, and net assets grew by 33% to £160,000. Trade debtors increased by 35% to £9,900, suggesting a possible need to manage customer payments more closely. The company meets the criteria for a small business, with turnover less than £10.2 million, assets under £5.1 million, and fewer than 50 employees. The unaudited accounts, prepared using Acorah Software Products, don’t mention an auditor, which is common for small companies.

While the increase in cash reserves is encouraging, the rise in liabilities and debtors suggests Vinyl Exchange Ltd might be burning through cash faster than it’s coming in. The company’s focus on a niche market – vinyl records – and its online presence, however, could provide a buffer against broader economic pressures.

Registered in England/Wales under the registration number 06503262, with a registered address at M1 1JN, Manchester, 18 Oldham Street.

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