Cherry Red Records Limited

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cherry red records limited Company Information

Company Number

01392729

Next Accounts

May 2025

Directors

Iain McNay

Adam Velasco

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Shareholders

i.r. mcnay

a. velasco

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Group Structure

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Industry

Other manufacturing n.e.c.

Registered Address

lynton house, 7-12 tavistock square, london, WC1H 9BQ

Website

www.cherryred.co.uk

cherry red records limited Estimated Valuation

£21.1m

Pomanda estimates the enterprise value of CHERRY RED RECORDS LIMITED at £21.1m based on Net Assets of £9.9m and 2.14x industry multiple (adjusted for liquidity).

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Cherry Red Records Limited is a live company located in london, WC1H 9BQ with a Companies House number of 01392729. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in October 1978, it's largest shareholder is i.r. mcnay with a 90.5% stake. Cherry Red Records Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12.9m with rapid growth in recent years.

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Pomanda's financial health check has awarded Cherry Red Records Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

2 Regular

3 Weak

Size

annual sales of £12.9m, make it in line with the average company (£12.9m)

Growth

3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (4.7%)

EXPORT

Cherry Red Records Limited's latest turnover from August 2023 is £12.9 million and the company has net assets of £9.9 million. According to their latest financial statements, Cherry Red Records Limited has 19 employees and maintains cash reserves of £3.7 million 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	12,932,794	12,086,291	6,018,755	5,408,009	3,830,025	3,929,185	6,379,157	5,704,495	5,967,561	5,404,309	5,929,360	5,035,137	5,335,007	4,852,915	3,236,518
Other Income Or Grants
Cost Of Sales	7,976,489	7,840,083	4,282,009	3,828,781	2,669,792	2,737,654	3,834,975	3,380,132	4,157,207	3,961,994	4,426,166	3,660,284	4,129,652	3,711,020	2,400,228
Gross Profit	4,956,305	4,246,208	1,736,746	1,579,229	1,160,233	1,191,530	2,544,182	2,324,363	1,810,354	1,442,315	1,503,194	1,374,853	1,205,355	1,141,895	836,290
Admin Expenses	4,320,323	3,388,122	-596,822	204,692	269,970	824,799	2,307,772	1,988,426	1,483,566	1,353,878	1,315,161	1,063,781	997,930	1,048,287	1,088,762
Operating Profit	635,982	858,086	2,333,568	1,374,537	890,263	366,731	236,410	335,937	326,788	88,437	188,033	311,072	207,425	93,608	-252,472
Interest Payable		1,566	160	73	68	11
Interest Receivable	335,973	266,303	3,482	3,457	19,363	15,011	25,690	37,914	46,998	14,396	23,983	27,723	15,419	13,266	98,591
Pre-Tax Profit	983,098	809,535	2,336,889	1,377,921	909,558	381,731	308,755	420,506	381,284	141,958	217,774	338,795	222,844	106,874	-171,381
Tax	-203,748	-199,047	-444,009	-261,805	-172,816	-72,529	-65,224	-127,283	-86,133	-37,167	-58,403	-47,709	-59,202	-34,429	-6,841
Profit After Tax	779,350	610,488	1,892,880	1,116,116	736,742	309,202	243,531	293,223	295,151	104,791	159,371	291,086	163,642	72,445	-178,222
Dividends Paid
Retained Profit	779,350	610,488	1,892,880	1,116,116	736,742	309,202	243,531	293,223	295,151	104,791	159,371	291,086	163,642	72,445	-178,222
Employee Costs	1,692,818	1,513,023	705,010	662,927	614,033	569,071	479,872	466,582	1,333,562	1,240,813	1,398,075	1,194,086	1,271,030	1,214,078
Number Of Employees	19	21	19	18	17	16	14	14	41	39	45	38	42	41
EBITDA*	1,893,970	1,810,588	3,474,209	2,447,346	2,078,610	1,417,966	1,076,905	681,503	454,149	220,890	301,815	415,756	281,204	305,763	17,066

* 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	24,446	26,216	6,954	13,527	25,389	33,274	46,508	12,339	21,794	41,074	43,731	60,255	44,665	25,613	39,706
Intangible Assets	3,122,534	1,679,916	1,369,200	1,070,512	742,974	1,648,956	1,287,844	169,668	129,673	104,170	125,696	161,762	199,166	84,901	214,279
Investments & Other	3,034,627	3,704,383	4,139,307	2,489,222	2,358,124	1,758,457	1,346,440	1,330,952	2,143,323	1,241,571	943,184	6,351	6,351	6,351	6,351
Debtors (Due After 1 year)						22,427	9,954	54		18,428	51,542	34,917	22,417	11,820
Total Fixed Assets	6,181,607	5,410,515	5,515,461	3,573,261	3,126,487	3,463,114	2,690,746	1,513,013	2,294,790	1,405,243	1,164,153	263,285	272,599	128,685	260,336
Stock & work in progress	1,091,737	627,806	500,552	304,175	309,622	296,929	261,635	257,206	314,963	320,307	259,936	277,318	238,275	251,445	198,512
Trade Debtors	834,433	1,059,796	1,679,229	1,571,037	1,000,490	1,048,429	1,317,318	906,626	871,466	857,626	962,842	887,508	892,742	997,376	717,862
Group Debtors				15,508	15,495	22,427			19,810
Misc Debtors	4,441,387	5,014,610	3,408,328	2,152,565	2,172,156	2,004,646	1,185,893	401,215	823,482	300,006	206,542	157,807	129,978	79,869	105,523
Cash	3,683,662	2,692,674	3,294,899	3,668,500	3,245,728	1,917,610	2,085,439	4,107,410	2,337,859	3,100,505	3,373,557	3,727,853	3,214,336	2,770,068	2,391,713
misc current assets
total current assets	10,051,219	9,394,886	8,883,008	7,711,785	6,743,491	5,290,041	4,850,285	5,672,457	4,367,580	4,578,444	4,802,877	5,050,486	4,475,331	4,098,758	3,413,610
total assets	16,232,826	14,805,401	14,398,469	11,285,046	9,869,978	8,753,155	7,541,031	7,185,470	6,662,370	5,983,687	5,967,030	5,313,771	4,747,930	4,227,443	3,673,946
Bank overdraft
Bank loan
Trade Creditors	989,300	1,025,249	966,633	653,472	639,243	704,742	584,705	407,657	322,574	358,099	546,793	288,916	267,172	243,088	162,117
Group/Directors Accounts	1,309	11,378	72,421	72,447			739,658	305,659	16,041	15,991	15,991	16,620	17,620	21,320	27,320
other short term finances			4,540	716	1,680	332
hp & lease commitments
other current liabilities	5,382,308	4,668,974	5,096,492	4,191,491	3,980,498	3,548,774	2,031,165	2,463,086	2,704,336	2,285,329	2,184,769	1,948,129	1,694,118	1,357,657	907,576
total current liabilities	6,372,917	5,705,601	6,140,086	4,918,126	4,621,421	4,253,848	3,355,528	3,176,402	3,042,951	2,659,419	2,747,553	2,253,665	1,978,910	1,622,065	1,097,013
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities															44,000
provisions		19,241	22,623	24,040	21,793	9,285	4,683	16,071
total long term liabilities		19,241	22,623	24,040	21,793	9,285	4,683	16,071							44,000
total liabilities	6,372,917	5,724,842	6,162,709	4,942,166	4,643,214	4,263,133	3,360,211	3,192,473	3,042,951	2,659,419	2,747,553	2,253,665	1,978,910	1,622,065	1,141,013
net assets	9,859,909	9,080,559	8,235,760	6,342,880	5,226,764	4,490,022	4,180,820	3,992,997	3,619,419	3,324,268	3,219,477	3,060,106	2,769,020	2,605,378	2,532,933
total shareholders funds	9,859,909	9,080,559	8,235,760	6,342,880	5,226,764	4,490,022	4,180,820	3,992,997	3,619,419	3,324,268	3,219,477	3,060,106	2,769,020	2,605,378	2,532,933

	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	635,982	858,086	2,333,568	1,374,537	890,263	366,731	236,410	335,937	326,788	88,437	188,033	311,072	207,425	93,608	-252,472
Depreciation	8,988	4,199	2,956	11,862	12,021	12,849	8,648	11,668	20,864	20,927	17,716	12,280	12,844	14,093	15,475
Amortisation	1,249,000	948,303	1,137,685	1,060,947	1,176,326	1,038,386	831,847	333,898	106,497	111,526	96,066	92,404	60,935	198,062	254,063
Tax	-203,748	-199,047	-444,009	-261,805	-172,816	-72,529	-65,224	-127,283	-86,133	-37,167	-58,403	-47,709	-59,202	-34,429	-6,841
Stock	463,931	127,254	196,377	-5,447	12,693	35,294	4,429	-57,757	-5,344	60,371	-17,382	39,043	-13,170	52,933	198,512
Debtors	-798,586	986,849	1,348,447	550,969	90,212	584,764	1,205,270	-406,863	538,698	-44,866	140,694	35,095	-43,928	265,680	823,385
Creditors	-35,949	58,616	313,161	14,229	-65,499	120,037	177,048	85,083	-35,525	-188,694	257,877	21,744	24,084	80,971	162,117
Accruals and Deferred Income	713,334	-427,518	905,001	210,993	431,724	1,517,609	-431,921	-241,250	419,007	100,560	236,640	254,011	336,461	450,081	907,576
Deferred Taxes & Provisions	-19,241	-3,382	-1,417	2,247	12,508	4,602	-11,388	16,071
Cash flow from operations	2,683,021	125,154	2,702,121	1,867,488	2,181,622	2,367,627	-464,279	878,744	218,144	80,084	614,617	569,664	639,645	483,773	58,021
Investing Activities
capital expenditure			-1,432,756	-1,388,485	-274,480	-1,399,113	-1,992,840	-376,106	-133,584	-108,270	-61,192	-82,870	-207,096	-68,684	-523,523
Change in Investments	-669,756	-434,924	1,650,085	131,098	599,667	412,017	15,488	-812,371	901,752	298,387	936,833				6,351
cash flow from investments	669,756	434,924	-3,082,841	-1,519,583	-874,147	-1,811,130	-2,008,328	436,265	-1,035,336	-406,657	-998,025	-82,870	-207,096	-68,684	-529,874
Financing Activities
Bank loans
Group/Directors Accounts	-10,069	-61,043	-26	72,447		-739,658	433,999	289,618	50		-629	-1,000	-3,700	-6,000	27,320
Other Short Term Loans		-4,540	3,824	-964	1,348	332
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities														-44,000	44,000
share issue		234,311					-55,708	80,355							2,711,155
interest	335,973	264,737	3,322	3,384	19,295	15,000	25,690	37,914	46,998	14,396	23,983	27,723	15,419	13,266	98,591
cash flow from financing	325,904	433,465	7,120	74,867	20,643	-724,326	403,981	407,887	47,048	14,396	23,354	26,723	11,719	-36,734	2,881,066
cash and cash equivalents
cash	990,988	-602,225	-373,601	422,772	1,328,118	-167,829	-2,021,971	1,769,551	-762,646	-273,052	-354,296	513,517	444,268	378,355	2,391,713
overdraft
change in cash	990,988	-602,225	-373,601	422,772	1,328,118	-167,829	-2,021,971	1,769,551	-762,646	-273,052	-354,296	513,517	444,268	378,355	2,391,713

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CHERRY RED RECORDS LIMITED group structure

Cherry Red Records Limited has 2 subsidiary companies.

Ultimate parent company

CHERRY RED RECORDS LIMITED

01392729

2 subsidiaries

CAPTAIN OI! LIMITED

03877054

CHERRY RED SONGS LIMITED

02875218

CHERRY RED RECORDS LIMITED Shareholders

i.r. mcnay	90.49%
a. velasco	8.5%
j. howles	1%
g.c. ellis	0.01%

Cherry Red Records Limited currently has 3 directors. The longest serving directors include Mr Iain McNay (Dec 1991) and Mr Adam Velasco (May 1998).

officer	country	age	start	end	role
Mr Iain McNay	United Kingdom	78 years	Dec 1991	-	Director
Mr Adam Velasco	England	52 years	May 1998	-	Director
Mr Matthew Bristow	United Kingdom	51 years	May 2004	-	Director

P&L

August 2023

turnover

12.9m

+7%

operating profit

636k

-26%

gross margin

38.4%

+9.08%

turnover

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

Balance Sheet

August 2023

net assets

9.9m

+0.09%

total assets

16.2m

+0.1%

cash

3.7m

+0.37%

net assets

Total assets minus all liabilities

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company number

01392729

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

October 1978

ultimate parent company

None

previous names

N/A

address

lynton house, 7-12 tavistock square, london, WC1H 9BQ

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cherry red records limited Company Information

cherry red records limited Estimated Valuation

cherry red records limited Estimated Valuation

cherry red records limited Estimated Valuation

Cherry Red Records Limited Overview

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CHERRY RED RECORDS LIMITED financials

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