Independent Society Of Musicians

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independent society of musicians Company Information

Live

MatureSmallLow

Company Number

00036882

Website

http://ismtrust.org

Registered Address

4-5 inverness mews, london, W2 3JQ

Industry

Activities of professional membership organisations

Telephone

02073139320

Next Accounts Due

May 2025

Group Structure

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Directors

Ivor Flint13 Years

Elizabeth Fagg5 Years

View All

Shareholders

-0%

independent society of musicians Estimated Valuation

£7.4m

Pomanda estimates the enterprise value of INDEPENDENT SOCIETY OF MUSICIANS at £7.4m based on Net Assets of £4.5m and 1.65x industry multiple (adjusted for liquidity).

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Independent Society Of Musicians is a live company located in london, W2 3JQ with a Companies House number of 00036882. It operates in the activities of professional membership organizations sector, SIC Code 94120. Founded in July 1892, it's largest shareholder is unknown. Independent Society Of Musicians is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with low growth in recent years.

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Pomanda's financial health check has awarded Independent Society Of Musicians a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

6 Strong

2 Regular

3 Weak

Size

annual sales of £1.1m, make it larger than the average company (£733.9k)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a faster rate (2.4%)

EXPORT

Independent Society Of Musicians's latest turnover from August 2023 is estimated at £1.1 million and the company has net assets of £4.5 million. According to their latest financial statements, Independent Society Of Musicians has 20 employees and maintains cash reserves of £409.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	1,114,799	978,137	1,026,424	1,010,412	968,940	933,916	1,775,604	1,705,489	1,613,633	1,678,543	1,566,551	1,321,564	1,371,035	1,262,463	1,184,225
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	318,914	260,227	307,321	345,158	333,986	312,997	544,809	556,428	590,580	766,153	679,846	461,319	539,395	303,244	228,607
Gross Profit	795,886	717,910	719,103	665,254	634,953	620,919	1,230,795	1,149,061	1,023,053	912,390	886,705	860,246	831,640	959,219	955,618
Admin Expenses	831,754	717,968	436,118	668,943	504,393	450,304	1,253,911	924,534	752,497	632,136	576,787	786,608	680,249	754,531	613,342
Operating Profit	-35,868	-58	282,985	-3,689	130,560	170,615	-23,116	224,527	270,556	280,254	309,918	73,638	151,391	204,688	342,276
Interest Payable	0	0	0	0	22,277	46,785	0	0	0	0	0	13,186	22,947	0	0
Interest Receivable	21,815	7,294	265	141	818	659	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	-14,053	7,236	283,249	-3,548	109,101	124,489	-29,098	201,506	217,716	258,165	281,972	96,233	155,845	192,402	281,217
Tax	0	-1,375	-53,817	0	-20,729	-23,653	-41,002	-64,681	-50,715	-58,714	-39,897	-40,000	-38,278	-34,783	-29,789
Profit After Tax	-14,053	5,861	229,432	-3,548	88,372	100,836	-70,100	136,825	167,001	199,451	242,075	56,233	117,567	157,619	251,428
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-14,053	5,861	229,432	-3,548	88,372	100,836	-70,100	136,825	167,001	199,451	242,075	56,233	117,567	157,619	251,428
Employee Costs	915,429	861,325	861,266	754,379	752,669	723,000	797,849	745,422	731,824	702,753	688,787	626,987	621,290	449,556	454,708
Number Of Employees	20	20	21	19	19	18	18	18	15	15	15	14	14	12	12
EBITDA*	1,215	51,013	330,101	42,512	170,803	208,553	7,401	247,981	295,047	290,174	309,918	91,201	180,355	231,819	364,146

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	3,093,265	3,103,287	3,114,275	3,169,913	3,187,062	3,225,925	3,215,382	3,216,834	3,214,349	3,235,561	9,920	0	17,562	11,401	15,729
Intangible Assets	107,129	5,542	24,821	16,299	4,494	5,874	0	0	0	0	0	0	0	0	0
Investments & Other	1,273,263	1,293,754	1,346,220	1,199,693	1,249,312	1,856,565	1,811,763	1,738,197	1,453,389	1,425,053	2,008,329	1,993,430	1,495,201	281,515	281,515
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	4,473,657	4,402,583	4,485,316	4,385,905	4,440,868	5,088,364	5,027,145	4,955,031	4,667,738	4,660,614	2,018,249	1,993,430	1,512,763	292,916	297,244
Stock & work in progress	0	0	0	0	1,000	1,000	1,000	1,000	1,000	1,000	14,337	0	0	0	0
Trade Debtors	3,243	2,762	18,524	6,642	420	5,177	7,991	10,368	7,633	44,732	2,134	36,059	45,625	31,400	8,516
Group Debtors	0	0	0	0	0	0	0	5,169	0	0	0	0	0	0	0
Misc Debtors	96,612	141,035	117,773	135,421	102,629	108,123	120,145	90,845	108,126	65,645	87,097	93,976	60,302	58,303	48,396
Cash	409,556	463,036	370,536	158,499	122,862	95,271	80,507	253,084	454,721	291,291	1,719,045	67,025	74,073	2,919,296	2,771,810
misc current assets	0	0	0	0	0	0	0	0	0	0	3,538	1,314,932	1,731,779	0	0
total current assets	509,411	606,833	506,833	300,562	226,911	209,571	209,643	360,466	571,480	402,668	1,826,151	1,511,992	1,911,779	3,008,999	2,828,722
total assets	4,983,068	5,009,416	4,992,149	4,686,467	4,667,779	5,297,935	5,236,788	5,315,497	5,239,218	5,063,282	3,844,400	3,505,422	3,424,542	3,301,915	3,125,966
Bank overdraft	0	0	0	0	0	0	65,512	63,303	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	66,310	0	0	57,592	55,628	0	0	0	0	0
Trade Creditors	37,268	50,599	24,022	28,569	37,392	81,950	92,208	92,889	22,319	24,208	59,682	34,475	25,992	37,131	21,481
Group/Directors Accounts	0	0	0	0	0	0	0	1,492	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	393,541	372,154	387,931	335,216	295,196	295,993	255,232	211,858	327,138	256,305	241,268	169,571	153,406	137,207	134,528
total current liabilities	430,809	422,753	411,953	363,785	332,588	444,253	412,952	369,542	407,049	336,141	300,950	204,046	179,398	174,338	156,009
loans	0	0	0	0	0	593,735	660,670	727,340	891,935	953,908	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	49,412	69,763	69,157	41,075	50,036	63,164	67,219	52,568	0	0	0	0	0	0	0
total long term liabilities	49,412	69,763	69,157	41,075	50,036	656,899	727,889	779,908	891,935	953,908	0	0	0	0	0
total liabilities	480,221	492,516	481,110	404,860	382,624	1,101,152	1,140,841	1,149,450	1,298,984	1,290,049	300,950	204,046	179,398	174,338	156,009
net assets	4,502,847	4,516,900	4,511,039	4,281,607	4,285,155	4,196,783	4,095,947	4,166,047	3,940,234	3,773,233	3,543,450	3,301,376	3,245,144	3,127,577	2,969,957
total shareholders funds	4,502,847	4,516,900	4,511,039	4,281,607	4,285,155	4,196,783	4,095,947	4,166,047	3,940,234	3,773,233	3,543,450	3,301,376	3,245,144	3,127,577	2,969,957

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-35,868	-58	282,985	-3,689	130,560	170,615	-23,116	224,527	270,556	280,254	309,918	73,638	151,391	204,688	342,276
Depreciation	31,541	31,792	29,118	42,793	38,863	36,912	30,517	23,454	24,491	9,920	0	17,563	28,964	27,131	21,870
Amortisation	5,542	19,279	17,998	3,408	1,380	1,026	0	0	0	0	0	0	0	0	0
Tax	0	-1,375	-53,817	0	-20,729	-23,653	-41,002	-64,681	-50,715	-58,714	-39,897	-40,000	-38,278	-34,783	-29,789
Stock	0	0	0	-1,000	0	0	0	0	0	-13,337	14,337	0	0	0	0
Debtors	-43,942	7,500	-5,766	39,014	-10,251	-14,836	21,754	-9,377	5,382	21,146	-40,804	24,108	16,224	32,791	56,912
Creditors	-13,331	26,577	-4,547	-8,823	-44,558	-10,258	-681	70,570	-1,889	-35,474	25,207	8,483	-11,139	15,650	21,481
Accruals and Deferred Income	21,387	-15,777	52,715	40,020	-797	40,761	43,374	-115,280	70,833	15,037	71,697	16,165	16,199	2,679	134,528
Deferred Taxes & Provisions	-20,351	606	28,082	-8,961	-13,128	-4,055	14,651	52,568	0	0	0	0	0	0	0
Cash flow from operations	32,862	53,544	358,300	26,734	101,842	226,184	1,989	200,535	307,894	203,214	393,392	51,741	130,913	182,574	433,454
Investing Activities
capital expenditure	-128,648	-20,804	0	-40,857	0	-54,355	-29,065	-25,939	-3,279	-3,235,561	-9,920	-1	-35,125	-22,803	-37,599
Change in Investments	-20,491	-52,466	146,527	-49,619	-607,253	44,802	73,566	284,808	28,336	-583,276	14,899	498,229	1,213,686	0	281,515
cash flow from investments	-108,157	31,662	-146,527	8,762	607,253	-99,157	-102,631	-310,747	-31,615	-2,652,285	-24,819	-498,230	-1,248,811	-22,803	-319,114
Financing Activities
Bank loans	0	0	0	0	-66,310	66,310	0	-57,592	1,964	55,628	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-1,492	1,492	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	-593,735	-66,935	-66,670	-164,595	-61,973	953,908	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	88,988	0	30,332	-1	-1	0	1	2,718,529
interest	21,815	7,294	265	141	-21,459	-46,126	0	0	0	0	0	-13,186	-22,947	0	0
cash flow from financing	21,815	7,294	265	141	-681,504	-46,751	-68,162	-131,707	-60,009	1,039,868	-1	-13,187	-22,947	1	2,718,529
cash and cash equivalents
cash	-53,480	92,500	212,037	35,637	27,591	14,764	-172,577	-201,637	163,430	-1,427,754	1,652,020	-7,048	-2,845,223	147,486	2,771,810
overdraft	0	0	0	0	0	-65,512	2,209	63,303	0	0	0	0	0	0	0
change in cash	-53,480	92,500	212,037	35,637	27,591	80,276	-174,786	-264,940	163,430	-1,427,754	1,652,020	-7,048	-2,845,223	147,486	2,771,810

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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INDEPENDENT SOCIETY OF MUSICIANS group structure

Independent Society Of Musicians has no subsidiary companies.

Ultimate parent company

INDEPENDENT SOCIETY OF MUSICIANS

00036882

INDEPENDENT SOCIETY OF MUSICIANS Shareholders

Independent Society Of Musicians currently has 20 directors. The longest serving directors include Mr Ivor Flint (Apr 2011) and Ms Elizabeth Fagg (Jun 2019).

officer	country	age	start	end	role
Mr Ivor Flint	England	66 years	Apr 2011	-	Director
Ms Elizabeth Fagg		76 years	Jun 2019	-	Director
Mrs Pauline Black		52 years	Jun 2019	-	Director
Ms Vick Bain		53 years	Apr 2020	-	Director
Mr Nicky Spence		41 years	Apr 2020	-	Director
Mr Vijay Prakash		36 years	May 2022	-	Director
Mr Stuart Beattie		34 years	May 2022	-	Director
Miss Miranda Harmer		31 years	May 2022	-	Director
Dr Jeremy Williams		55 years	May 2022	-	Director
Miss Dani Howard		31 years	May 2022	-	Director

P&L

August 2023

turnover

1.1m

+14%

operating profit

-35.9k

gross margin

71.4%

-2.73%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

August 2023

net assets

4.5m

total assets

-0.01%

cash

409.6k

-0.12%

net assets

Total assets minus all liabilities

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company number

00036882

Type

Private Ltd By Guarantee w/o Share Cap

industry

94120 - Activities of professional membership organisations

incorporation date

July 1892

accounts

Small Company

ultimate parent company

None

previous names

incorporated society of musicians (July 2024)

last accounts submitted

August 2023

address

4-5 inverness mews, london, W2 3JQ

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 2 charges/mortgages relating to independent society of musicians. Currently there are 0 open charges and 2 have been satisfied in the past.

independent society of musicians Company Information

independent society of musicians Estimated Valuation

independent society of musicians Estimated Valuation

independent society of musicians Estimated Valuation

Independent Society Of Musicians Overview

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INDEPENDENT SOCIETY OF MUSICIANS financials

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