Westside Distribution Limited

Westside Distribution Ltd from Glasgow UK: large company, holding company, active status, founded 15 years ago, 31 employees, £7,318,389 assets, real address, 4 directors, 1 owner, google rating 5.0 based on 4 reviews. Regular importer of musical instruments and parts (457 months imported). Regular exporter of musical instruments and parts (84 months exported). Westside Distribution Ltd is a sizable, holding company based in Glasgow, UK, currently operating with an active status. Established fifteen years ago, it employs thirty-one people and boasts assets totaling £7,318,389. The company’s real address and a 5.0 Google rating from four reviews suggest a reputable presence. It’s managed by four directors and owned by one individual.

The company specializes in the wholesale of musical instruments, acting as a regular importer (457 months) and exporter (84 months) of instruments and parts. Its website, Westside Distribution, highlights a curated selection of distinguished brands, including Martin Guitar, Hohner, and Dunlop Accessories. The site also features news and updates, such as a collaboration with Martin Guitar and appointments as a distributor for Hohner. The website's navigation is easy to use, and the design is clean and professional. It’s clear the company focuses on brand partnerships and distribution rather than direct-to-consumer sales.

Financially, Westside Distribution Ltd shows some concerning trends. While current assets remain at £7,300,000, a slight decrease of 10% from the previous year, other key figures paint a more complex picture. Bank borrowings increased significantly by 2,400%, reaching £29,000, and cash reserves fell 22% to £2,300,000. Creditors decreased by 15%, which is a positive sign, but the surge in borrowing and the drop in cash reserves suggest the company is burning through money. Staff costs decreased by 3.1%, and the company's net profit also decreased by 25%. It’s likely the company is reinvesting in its business, but the trend needs to be monitored closely. The company’s large size (meeting two of three criteria for turnover over £36 million, balance sheet total over £18 million, and more than 250 employees) means it’s subject to more scrutiny. The accounts are audited by Consilium Audit Limited, and the financial statements are prepared in accordance with FRS 102.

Registered in Scotland under the registration number SC365971, with a registered address at G51 4EB, Glasgow, 100 Fifty Pitches Road.

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