Worldofmusic Limited

Worldofmusic Limited is a small, active company based in Norwich, UK, founded six years ago in 2018. It employs just one person and has a real address at Viking Storage, Turnpike Close. With three directors and two owners, the business operates in the retail sale via mail order houses or via internet industries.

The company’s website showcases a wide range of musical instruments, accessories, and services, from guitars and drums to music lessons and instrument rentals. It’s clearly a family-owned business, boasting "family owned since 1954" and emphasizing customer satisfaction. The site also highlights a "Rock Academy" and a service for instrument rentals, indicating a broader scope beyond just retail sales. They even have a service for disaster recovery of damaged pianos.

Financially, Worldofmusic Limited is showing some concerning trends. Equity has plummeted by a staggering 1200%, ending at -£4100, while net current assets and liabilities have swung to a negative -£4100. Bank borrowings remain steady at £1300, but cash reserves are also holding steady at £2700. Creditors have increased significantly by 270%, reaching £4100. 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, so the figures are unaudited.

While the business appears to be well-established with a long history and a diverse range of offerings, the dramatic decline in equity suggests it’s burning through cash. It’s possible that increased operating costs or investments in the Rock Academy are impacting profitability, but further investigation is needed to understand the underlying causes.

Registered in England/Wales under the registration number 11679063, with a registered address at NR6 5BD, England, Norwich, Viking Storage, Turnpike Close.

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