RICHER SOUNDS LIMITED

Active
Company number 01402643Private limited companyIncorporated 1978

Key figures

£23,969,000+0.5%
Net assets 2024/25
+0.5%
Average annual growth 2023/24–2024/25
010 m20 m30 m2023/242024/25

† RICHER SOUNDS LIMITED filed these accounts on paper, so Companies House publishes them only as a scanned image. The figures for the years marked † were read automatically from the scan and kept only where the statements add up (for example net assets equal total equity), but a reading error is still possible — check the original accounts at Companies House.

Ratios

2024/25

Sector comparison

SIC 47430

Where the company stands among the 877 active companies whose first SIC code is 47430 (Retail sale of audio and video equipment in specialised stores).

Net assets£23,969,000
Higher than 99% · median £16,707
Total assets£65,037,000
Higher than 99% · median £94,428
Employees471
Higher than 99% · median 1
Company age47.9 years
Older than 95% · median 10.0 years
Largest in this sector by net assets
  1. RICHER SOUNDS LIMITED£24m
  2. WAREHOUSE EXPRESS LIMITED£20.4m
  3. GXO SERVICETECH UK LIMITED£8.5m
  4. MARTIN DAWES LIMITED£7.7m
  5. KTM ONLINE LIMITED£6.7m
  6. IN PHASE INTERNATIONAL LIMITED£4.7m
  7. PROACTIVE UK LIMITED£2.7m
  8. SEVENOAKS SOUND AND VISION LIMITED£2.4m
  9. DOUG BRADY HIFI LIMITED£2.4m
  10. CRAIG HI-FI LIMITED£2.3m

Positions are approximate. Figures come from each company's latest accounts; money and employee figures are compared only with companies that filed accounts in pounds for a period ending in the last two and a half years and are not dormant, so those groups are smaller than 877. The line on each bar marks the median.

Summary: RICHER SOUNDS LIMITED

What kind of company is it?

RICHER SOUNDS LIMITED is a private limited company registered with Companies House under company number 01402643. It was incorporated on 29 Nov 1978. Its status is active. The registered office is in London (SE1). Its nature of business (SIC 2007) is retail sale of audio and video equipment in specialised stores (47430).

How is the company doing financially?

The latest accounts in the database are for 2024/25 (period ending 3 May 2025); the company files full accounts. Turnover was £153,875,000. Net assets were £23,969,000, up 0.5% on the previous year. Total assets were £65,037,000 and total liabilities £30,066,000. The company had an average of 471 employees. Figures are available for 2 financial years (2023/24–2024/25).

How does it compare with similar companies?

Compared with 877 active companies whose first SIC code is 47430: By net assets it ranks higher than 99% of them (median £16,707). By total assets it ranks higher than 99% of them (median £94,428). By number of employees it ranks higher than 99% of them (median 1). It is older than 95% of them (median age 10.0 years).

What do public registers and reports show?

It appears on the Home Office register of licensed sponsors (Skilled Worker). HMRC lists it as an importer of goods, mainly electrical equipment, furniture and lighting, miscellaneous metal articles. HMRC lists it as an exporter of goods, mainly electrical equipment. In its latest payment practices report it took an average of 29 days to pay suppliers, and 1% of invoices were not paid within agreed terms. Its gender pay gap report for 2025/26 shows median hourly pay for women 3.7% higher than for men.

Who runs and controls the company?

2 persons with significant control are registered. 2 of 38 registered charges are outstanding.

When are its next filings due?

The next accounts are due by 31 Jan 2027. The next confirmation statement is due by 27 Aug 2027.

Filed accounts2023/24–2024/25
2023/24 †2024/25 †
Turnover145,834,000153,875,000
Cash at bank and in hand5,618,000—
Total assets64,392,00065,037,000
Total liabilities28,208,00030,066,000
Net assets / total equity23,854,00023,969,000
Average number of employees469471

A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.

Statutory reporting

Payment practices2 Nov 2025 – 2 May 2026
Average time taken to pay invoices
29 days
Invoices not paid within agreed terms
1%
Standard payment terms
0–60 days
Member of a payment code
No
  • Within 30 days 72%
  • 31 to 60 days 28%
  • After 60 days 0%
Earlier periods (7)
Period ending
Days to pay
Within 30 days
Late
1 Nov 2025
30
55%
1%
3 May 2025
30
67%
1%
2 Nov 2024
30
70%
1%
4 May 2024
30
71%
1%
28 Oct 2023
30
71%
1%
29 Apr 2023
29
75%
1%
29 Oct 2022
29
76%
1%

View the latest report on GOV.UK

Gender pay gap2025/26
Median hourly pay
women 3.7% higher
Mean hourly pay
women 10.2% higher
Median bonus pay
women 72.9% lower
Employer size
250 to 499 employees
Lower pay quarter12.7% womenLower middle7.3% womenUpper middle11.9% womenUpper pay quarter14.7% women
Earlier years (7)
Year
Median hourly pay
Mean hourly pay
2024/25
women 2.7% higher
women 8.2% higher
2023/24
women 12.9% higher
women 19.8% higher
2022/23
women 5% higher
women 11.5% higher
2021/22
women 3% higher
women 3.9% lower
2020/21
women 4.8% higher
women 9.5% higher
2018/19
women 2% higher
women 2.7% higher
2017/18
women 5.8% higher
women 6.4% higher

A positive gap means women's average hourly pay is lower than men's across the whole employer; it is not a comparison of pay for the same work. This report was submitted after the deadline. View on the Gender pay gap service

Figures the company reported itself to the government's Check payment practices service, Gender pay gap service and Modern slavery statement registry (Open Government Licence v3.0). Only large companies and employers with 250 or more staff have to report, so most companies have nothing here.

Registers and licences

Sponsor licence‡
Licence type and rating
Worker (A rating)
Route
Skilled Worker

On the Home Office register of licensed sponsors, which lists organisations licensed to sponsor workers from overseas.

International trade‡

Listed by HMRC as an importer of goods in 12 of the last 12 months on record, most recently August 2026. Main goods: electrical equipment, furniture and lighting, miscellaneous metal articles, optical, medical and measuring instruments and musical instruments.

Listed by HMRC as an exporter of goods in 5 of the last 12 months on record, most recently May 2026. Main goods: electrical equipment.

From HMRC's monthly lists of importers and exporters. Traders can ask to be left off the lists, so absence does not mean a company does not trade.

Sources: Charity Commission for England and Wales, Care Quality Commission, Home Office and HM Revenue & Customs, under the Open Government Licence v3.0. Entries marked ‡ come from lists that do not state a company number and were linked by an exact match on the registered name.

History

5 events
  1. Financial year 2024/25 endedAccounts: turnover £153.9m, net assets £24m, 471 employees
  2. Financial year 2023/24 endedAccounts: turnover £145.8m, net assets £23.9m, 469 employees
  3. Richer Sounds Trustee Limited registered as a person with significant control
  4. Mr Julian Richer registered as a person with significant control
  5. Company incorporatedPrivate limited company

Dates as recorded at Companies House: incorporation, name changes, officer appointments and resignations, current persons with significant control, and the end of each financial year with figures in the database. Former persons with significant control are not listed.