V.i.p. Music Limited

Vip Music Ltd from Leicester UK: a small, active company established 35 years ago, employs two people, and holds £110,872 in assets. Operating from a virtual address, the company is led by two directors and owned by two individuals, with a solo founder at its core, and runs an e-commerce site.

The company specializes in vinyl record fairs, hosting events across the UK, including London, Birmingham, Glasgow, and Manchester. It boasts of selling more vinyl records, CDs, and rock memorabilia than any other platform, catering to both serious collectors and internet retailers. The business offers a unique experience with diverse vinyl selections from multiple sellers, often at lower prices, creating a vibrant atmosphere and social event. It also provides a one-stop solution for those looking to clear out large record collections, offering commission-based leads.

Financially, Vip Music Ltd shows some concerning trends. Cash bank on hand has decreased by a significant 49%, dropping to £43,000. Debtors have also increased substantially, rising by 110% to £27,000, which could indicate difficulties in collecting payments. However, creditors have decreased by 50%, suggesting improved management of short-term liabilities. The company’s net current assets have also slightly decreased by 2.8%. The company’s small size, meeting two of three criteria for a small company, helps it stay flexible, but the decrease in cash reserves and increase in debtors warrants attention. As a small company, Vip Music Ltd is exempt from an audit, so these figures are unaudited. It seems like they’re doing okay, but could use some extra attention.

Registered in England/Wales under the registration number 02469786, with a registered address at LE1 7BA, United Kingdom, Leicester, 30 Nelson Street.

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