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Vista Musical Instruments Uk Limited

11963924

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)

Details

THE PORTLAND BUILDING, BRIGHTON, BN1 1RB
Incorporated 25/04/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47591
Retail sale of musical instruments and scores

Officers

Mr Ivan Yiming Chen

director · Since 31/05/2019

COO

SINGAPOREAN · SINGAPORE · Age 39

Mr Meng Ru Kuok

director · Since 31/05/2019

CEO

MALAYSIAN · SINGAPORE · Age 38

Also on 1 other board

Persons with Significant Control

Meng Ru Kuok

50–75% shares
75–100% votes

Malaysian · Singapore · Age 38

The Portland Building, 27-28 Church Street, Brighton, BN1 1RB

Notified 04/06/2025

Former PSCs

Ti Media Limited

Ceased 31/05/2019

Nme Networks Media Limited

Ceased 31/05/2023

Vista Musical Instruments Corporation

Ceased 04/06/2025

CompanyRankvs 531+ SIC 47591 peers
27

Financial strength0th percentile among SIC peers · 0/25
Employees85th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.4× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees13/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity7/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

12 months after the approval of the financial statements to enable the Company to meet its obligations as and when they fall due. On this basis, the directors have concluded that the use of the going concern basis is appropriate and that there exists no material uncertainty over going concern. Page 3 Vista Musical Instruments UK Limited Notes to the Financial Statements for the Year Ended 31

Key FinancialsYear ending 31/12/2024

Net Worth

-£747k

Balance sheet strength

Cash

£70k

Cash in the bank

Net Current Assets

-£876k

Working capital

Current Assets

£595k

Current Liabilities

£1.5M

Fixed Assets

£871k

Debtors

£32k

4avg. employees

Balance Sheet

Assets less current liabilities-£5k
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent Ratio
20240.40

Derived from filed accounts. Not audited figures.