institute of musical instrument technology(the)
institute of musical instrument technology(the) Company Information
Company Number
00686206
Website
https://www.imit.org.ukRegistered Address
181 adelaide road swiss cottage, london, NW3 3NN
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
-0%
institute of musical instrument technology(the) Estimated Valuation
Pomanda estimates the enterprise value of INSTITUTE OF MUSICAL INSTRUMENT TECHNOLOGY(THE) at £170.6k based on a Turnover of £334k and 0.51x industry multiple (adjusted for size and gross margin).
institute of musical instrument technology(the) Estimated Valuation
Pomanda estimates the enterprise value of INSTITUTE OF MUSICAL INSTRUMENT TECHNOLOGY(THE) at £7.7k based on an EBITDA of £1.9k and a 4.02x industry multiple (adjusted for size and gross margin).
institute of musical instrument technology(the) Estimated Valuation
Pomanda estimates the enterprise value of INSTITUTE OF MUSICAL INSTRUMENT TECHNOLOGY(THE) at £42.2k based on Net Assets of £90.3k and 0.47x industry multiple (adjusted for liquidity).
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Institute Of Musical Instrument Technology(the) Overview
Institute Of Musical Instrument Technology(the) is a live company located in london, NW3 3NN with a Companies House number of 00686206. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in March 1961, it's largest shareholder is unknown. Institute Of Musical Instrument Technology(the) is a mature, micro sized company, Pomanda has estimated its turnover at £334k with declining growth in recent years.
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Institute Of Musical Instrument Technology(the) Health Check
Pomanda's financial health check has awarded Institute Of Musical Instrument Technology(The) a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
4 Weak
Size
annual sales of £334k, make it smaller than the average company (£1.6m)
- Institute Of Musical Instrument Technology(the)
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (5.4%)
- Institute Of Musical Instrument Technology(the)
5.4% - Industry AVG
Production
with a gross margin of 44.5%, this company has a comparable cost of product (44.5%)
- Institute Of Musical Instrument Technology(the)
44.5% - Industry AVG
Profitability
an operating margin of 0.6% make it less profitable than the average company (6.4%)
- Institute Of Musical Instrument Technology(the)
6.4% - Industry AVG
Employees
with 3 employees, this is below the industry average (15)
3 - Institute Of Musical Instrument Technology(the)
15 - Industry AVG
Pay Structure
on an average salary of £47.2k, the company has an equivalent pay structure (£47.2k)
- Institute Of Musical Instrument Technology(the)
£47.2k - Industry AVG
Efficiency
resulting in sales per employee of £111.3k, this is equally as efficient (£111.3k)
- Institute Of Musical Instrument Technology(the)
£111.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Institute Of Musical Instrument Technology(the)
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Institute Of Musical Instrument Technology(the)
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Institute Of Musical Instrument Technology(the)
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 932 weeks, this is more cash available to meet short term requirements (33 weeks)
932 weeks - Institute Of Musical Instrument Technology(the)
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1.3%, this is a lower level of debt than the average (52%)
1.3% - Institute Of Musical Instrument Technology(the)
52% - Industry AVG
INSTITUTE OF MUSICAL INSTRUMENT TECHNOLOGY(THE) financials
Institute Of Musical Instrument Technology(The)'s latest turnover from March 2023 is estimated at £334 thousand and the company has net assets of £90.3 thousand. According to their latest financial statements, Institute Of Musical Instrument Technology(The) has 3 employees and maintains cash reserves of £20.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 9,794 | 9,083 | ||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | 0 | 0 | ||||||||||||
| Interest Receivable | 0 | 0 | ||||||||||||
| Pre-Tax Profit | 3,025 | 12,617 | ||||||||||||
| Tax | -229 | -208 | ||||||||||||
| Profit After Tax | 2,796 | 12,409 | ||||||||||||
| Dividends Paid | 0 | 0 | ||||||||||||
| Retained Profit | 2,796 | 12,409 | ||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 3 | 3 | 3 | 4 | 4 | 4 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 69,244 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 70,639 | 68,477 | 57,419 | 69,352 | 69,795 | 67,171 | 0 | 63,524 | 66,264 | 62,923 | 47,558 | 42,128 | 39,377 | 37,566 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 70,639 | 68,477 | 57,419 | 69,352 | 69,795 | 67,171 | 69,244 | 63,524 | 66,264 | 62,923 | 47,558 | 42,128 | 39,377 | 37,566 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 26,945 | 22,187 | 0 | 356 | 0 | 0 | 0 | 450 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 128 | 0 |
| Cash | 20,774 | 20,642 | 20,292 | 22,345 | 0 | 0 | 25,191 | 20,643 | 19,164 | 16,502 | 30,624 | 26,703 | 26,052 | 24,235 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 20,774 | 20,642 | 20,292 | 22,345 | 26,945 | 22,187 | 25,191 | 20,999 | 19,164 | 16,502 | 30,624 | 27,153 | 26,180 | 24,235 |
| total assets | 91,413 | 89,119 | 77,711 | 91,697 | 96,740 | 89,358 | 94,435 | 84,523 | 85,428 | 79,425 | 78,182 | 69,281 | 65,557 | 61,801 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 7,817 | 5,528 | 5,652 | 5,373 | 5,317 | 5,122 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,159 | 1,129 | 2,526 | 1,204 | 5,268 | 5,795 | 0 | 0 | 0 | 0 | 0 | 0 | 5,201 | 4,241 |
| total current liabilities | 1,159 | 1,129 | 2,526 | 1,204 | 5,268 | 5,795 | 7,817 | 5,528 | 5,652 | 5,373 | 5,317 | 5,122 | 5,201 | 4,241 |
| loans | 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 |
| Accruals and Deferred Income | 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 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,159 | 1,129 | 2,526 | 1,204 | 5,268 | 5,795 | 7,817 | 5,528 | 5,652 | 5,373 | 5,317 | 5,122 | 5,201 | 4,241 |
| net assets | 90,254 | 87,990 | 75,185 | 90,493 | 91,472 | 83,563 | 86,618 | 78,995 | 79,776 | 74,052 | 72,865 | 64,159 | 60,356 | 57,560 |
| total shareholders funds | 90,254 | 87,990 | 75,185 | 90,493 | 91,472 | 83,563 | 86,618 | 78,995 | 79,776 | 74,052 | 72,865 | 64,159 | 60,356 | 57,560 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | -229 | -208 | ||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | 0 | 0 | -26,945 | 4,758 | 22,187 | -356 | 356 | 0 | 0 | -450 | 322 | 128 | 0 |
| Creditors | 0 | 0 | 0 | 0 | 0 | -7,817 | 2,289 | -124 | 279 | 56 | 195 | 5,122 | 0 | 0 |
| Accruals and Deferred Income | 30 | -1,397 | 1,322 | -4,064 | -527 | 5,795 | 0 | 0 | 0 | 0 | 0 | -5,201 | 960 | 4,241 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 2,162 | 11,058 | -11,933 | -443 | 2,624 | 67,171 | -63,524 | -2,740 | 3,341 | 15,365 | 5,430 | 2,751 | 1,811 | 37,566 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | ||||||||||||||
| interest | 0 | 0 | ||||||||||||
| cash flow from financing | 0 | 45,151 | ||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 132 | 350 | -2,053 | 22,345 | 0 | -25,191 | 4,548 | 1,479 | 2,662 | -14,122 | 3,921 | 651 | 1,817 | 24,235 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 132 | 350 | -2,053 | 22,345 | 0 | -25,191 | 4,548 | 1,479 | 2,662 | -14,122 | 3,921 | 651 | 1,817 | 24,235 |
institute of musical instrument technology(the) Credit Report and Business Information
Institute Of Musical Instrument Technology(the) Competitor Analysis
Perform a competitor analysis for institute of musical instrument technology(the) by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in NW3 area or any other competitors across 12 key performance metrics.
institute of musical instrument technology(the) Ownership
INSTITUTE OF MUSICAL INSTRUMENT TECHNOLOGY(THE) group structure
Institute Of Musical Instrument Technology(The) has no subsidiary companies.
Ultimate parent company
INSTITUTE OF MUSICAL INSTRUMENT TECHNOLOGY(THE)
00686206
institute of musical instrument technology(the) directors
Institute Of Musical Instrument Technology(The) currently has 3 directors. The longest serving directors include Mr Malcolm Dalton (Jul 2002) and Mr Malcolm Smith (Apr 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Malcolm Dalton | 71 years | Jul 2002 | - | Director | |
| Mr Malcolm Smith | 73 years | Apr 2009 | - | Director | |
| Mr Julian Markson | 71 years | Sep 2016 | - | Director |
P&L
March 2023turnover
334k
+4%
operating profit
1.9k
0%
gross margin
44.5%
-0.1%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
90.3k
+0.03%
total assets
91.4k
+0.03%
cash
20.8k
+0.01%
net assets
Total assets minus all liabilities
Similar Companies
institute of musical instrument technology(the) company details
company number
00686206
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
March 1961
age
63
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
181 adelaide road swiss cottage, london, NW3 3NN
accountant
NEIL NISBET & CO
auditor
-
institute of musical instrument technology(the) Charges & Mortgages
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 did not find charges/mortgages relating to institute of musical instrument technology(the).
institute of musical instrument technology(the) Companies House Filings - See Documents
| date | description | view/download |
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