{"name":"PRO AUDIO SYSTEMS LIMITED","company_number":"02257035","status":"Active","type":"Private Limited Company","incorporated":"1988-05-12","dissolved":null,"registered_office":"Blynk House, Young Street, Bradford, England, BD8 9RE","postcode":"BD8 9RE","sic_codes":[{"code":90020,"description":"Support activities to performing arts"}],"principal_activity":null,"previous_names":[{"name":"NEXTWORD LIMITED","changed_on":"1988-12-14"}],"warnings":[],"accounts":{"category":"Total Exemption Full","year_end":"31 May","last_made_up_to":"2025-05-31","next_due":"2027-02-28"},"employees":{"count":13,"accounts_date":"2025-05-31"},"financials":[{"financial_date":"2025-05-31","net_assets":781196,"cash":34706,"average_employees":13},{"financial_date":"2024-05-31","net_assets":925911,"cash":75504,"average_employees":15},{"financial_date":"2023-05-31","net_assets":936558,"cash":124205,"average_employees":15},{"financial_date":"2022-05-31","net_assets":973744,"cash":119751},{"financial_date":"2021-05-31","net_assets":923066,"cash":417520}],"officers":{"current":3,"resigned":9,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":2,"outstanding":0},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"Pro Audio Systems Limited is a long-established but underperforming niche player in the UK pro audio and live events technical services sector, with 36 years of trading history providing credibility but recent financial trends raising concerns. The company's declining net assets (12% erosion over five years), dramatically reduced cash position (from £417K to £75.5K), and minimal capital expenditure suggest it is struggling to maintain competitive momentum in a sector that has otherwise enjoyed strong post-pandemic recovery. While low leverage and property ownership provide a foundation, the high stock concentration, apparent under-investment in equipment, and declining retained earnings indicate the business faces structural challenges that may require strategic intervention—whether through fresh investment, operational restructuring, or potential group-level support.","website":"https://proaudiosystems.co.uk/","links":{"page":"https://www.companiesintheuk.co.uk/ltd/pro-audio-systems","people":"https://www.companiesintheuk.co.uk/company/pro-audio-systems/people","filing_history":"https://www.companiesintheuk.co.uk/company/pro-audio-systems/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/02257035","financials":"https://www.companiesintheuk.co.uk/company/pro-audio-systems/financial","control":"https://www.companiesintheuk.co.uk/company/pro-audio-systems/control","charges":"https://www.companiesintheuk.co.uk/company/pro-audio-systems/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/pro-audio-systems/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/pro-audio-systems"}