Wings Distribution Ltd

Wings Distribution Ltd, based in Bradford, UK, is a small, active company founded nine years ago. It employs three people and holds £49,894 in assets. With a real address and a single director and owner, the business maintains a perfect 5.0 Google rating based on one review. The company regularly imports machinery, boilers, and mechanical appliances, with seven months of import activity recorded.

The company’s website, Wings Music Group, operates as a distribution service for Christian independent artists. It positions itself as a provider of world-class distribution, industry expertise, and services, helping artists build audiences and earn more than they would in a traditional record deal. The website highlights the growing popularity of independent music, referencing the number of Grammy-winning independent artists, and encourages artists to follow them on Instagram. It’s a clear focus on digital music distribution, not a traditional retail operation.

Financially, Wings Distribution Ltd shows a mixed picture. Cash bank on hand has fallen by nearly 50%, dropping to £9,100, while total inventories have increased by 37%, reaching £40,000. Creditors have also risen by 49%, reaching £2,100, and net current assets have fallen to -£2,600. While the company’s retained earnings have increased significantly, from £26 to £180, the increase in creditors and the drop in cash reserves suggest a need for careful cashflow management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, relying on unaudited accounts. The accounts are prepared by Raja & Hussain Associates.

Overall, Wings Distribution Ltd seems to be navigating the challenges of a small business, with a focus on digital music distribution. The growth in inventories suggests a potential investment in future growth, but the declining cash reserves warrant close attention.

Registered in England/Wales under the registration number 10008495, with a registered address at BD15 7QX, England, Bradford, Unit 7 Allerton Mills Allerton Road, Allerton.

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