Goodmans is perhaps most well known for their loudspeakers, although today the company focuses on importing and distributing consumer electronic goods and is focused largely on audio equipment, specifically digital radios and speakers. The company was founded in 1925 and became a private company in 1933. They initially focused on the production of their loudspeakers before diversifying into amplifiers, radio components and public address equipment in the 1960s. From the late 1980s, the company also began producing in-car entertainment and digital TV equipment.

In 1986, Goodmans and Tannoy were merged to form TGI.