Vk Drums Ltd

Vk Drums Ltd is a small, active company based in Barnsley, UK, established eleven years ago in 2013. It’s a solo-founder operation with one director and one employee, holding £18,325 in assets and operating from a real address. The company, registered as 08603608, is involved in the manufacture of musical instruments, specifically drums, and irregularly imports machinery, boilers, and mechanical appliances parts—the last import occurring two months ago in February 2023.

The company’s website is non-existent, which suggests it likely operates primarily through direct sales or partnerships rather than a large-scale online presence. It’s unclear if the company has a dedicated online store or relies on wholesale channels.

Financially, Vk Drums Ltd presents a mixed picture. Current assets have decreased slightly, falling by 4.8% to £18,000. However, net assets have taken a more significant hit, plummeting 34% to £23,000. Bank borrowings have also increased, though the exact amount isn't clear. Cash reserves have improved significantly, rising 190% to £7,200. Creditors have decreased by 42%, suggesting improved debt management. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, likely due to the company's small size and exemption from an audit.

The company's equity has also decreased by 34%, which is a worrying sign. While the increase in cash reserves is positive, the decrease in equity and the increase in bank borrowings suggest that Vk Drums Ltd may be burning through money. The company’s solo founder status could also be a management issue, as it relies heavily on one person to run all aspects of the business. The company’s financial data shows a decline in trade debtors, which is a good sign, but the overall picture is one of financial strain.

Registered in England/Wales under the registration number 08603608, with a registered address at S70 5DN, England, Barnsley, 2 Parkside Mews, Worsbrough Bridge.

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