flying music company limited(the)
flying music company limited(the) Company Information
Company Number
01649667
Next Accounts
Sep 2025
Shareholders
flying music group ltd
Group Structure
View All
Industry
Support activities to performing arts
+1Registered Address
first floor, northburgh house, 10 northburgh street, london, EC1V 0AT
Website
www.flyingmusic.comflying music company limited(the) Estimated Valuation
Pomanda estimates the enterprise value of FLYING MUSIC COMPANY LIMITED(THE) at £401.3k based on a Turnover of £899.2k and 0.45x industry multiple (adjusted for size and gross margin).
flying music company limited(the) Estimated Valuation
Pomanda estimates the enterprise value of FLYING MUSIC COMPANY LIMITED(THE) at £0 based on an EBITDA of £-112.1k and a 5.13x industry multiple (adjusted for size and gross margin).
flying music company limited(the) Estimated Valuation
Pomanda estimates the enterprise value of FLYING MUSIC COMPANY LIMITED(THE) at £0 based on Net Assets of £-390k and 1.47x industry multiple (adjusted for liquidity).
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Flying Music Company Limited(the) Overview
Flying Music Company Limited(the) is a live company located in london, EC1V 0AT with a Companies House number of 01649667. It operates in the performing arts sector, SIC Code 90010. Founded in July 1982, it's largest shareholder is flying music group ltd with a 100% stake. Flying Music Company Limited(the) is a mature, small sized company, Pomanda has estimated its turnover at £899.2k with declining growth in recent years.
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Flying Music Company Limited(the) Health Check
Pomanda's financial health check has awarded Flying Music Company Limited(The) a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £899.2k, make it larger than the average company (£280.2k)
£899.2k - Flying Music Company Limited(the)
£280.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -30%, show it is growing at a slower rate (7.9%)
-30% - Flying Music Company Limited(the)
7.9% - Industry AVG
Production
with a gross margin of 12.3%, this company has a higher cost of product (32%)
12.3% - Flying Music Company Limited(the)
32% - Industry AVG
Profitability
an operating margin of -16.7% make it less profitable than the average company (2.5%)
-16.7% - Flying Music Company Limited(the)
2.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (5)
1 - Flying Music Company Limited(the)
5 - Industry AVG
Pay Structure
on an average salary of £29.1k, the company has an equivalent pay structure (£29.1k)
- Flying Music Company Limited(the)
£29.1k - Industry AVG
Efficiency
resulting in sales per employee of £899.2k, this is more efficient (£78.8k)
£899.2k - Flying Music Company Limited(the)
£78.8k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is near the average (11 days)
9 days - Flying Music Company Limited(the)
11 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (20 days)
9 days - Flying Music Company Limited(the)
20 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Flying Music Company Limited(the)
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (114 weeks)
6 weeks - Flying Music Company Limited(the)
114 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 243.7%, this is a higher level of debt than the average (28.7%)
243.7% - Flying Music Company Limited(the)
28.7% - Industry AVG
FLYING MUSIC COMPANY LIMITED(THE) financials
Flying Music Company Limited(The)'s latest turnover from December 2023 is £899.2 thousand and the company has net assets of -£390 thousand. According to their latest financial statements, Flying Music Company Limited(The) has 1 employee and maintains cash reserves of £79.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Jun 2019 | Jun 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 899,226 | 328,815 | 92,327 | 2,625,882 | 4,993,586 | 13,094,109 | 10,546,859 | 9,858,716 | 13,794,350 | 15,350,852 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 788,889 | -225,848 | 86,471 | 2,784,434 | 4,448,117 | 10,680,627 | 8,919,576 | 8,262,767 | 12,075,624 | 13,594,973 | ||||||
| Gross Profit | 110,337 | 554,663 | 5,856 | -158,552 | 545,469 | 2,413,482 | 1,627,283 | 1,595,949 | 1,718,726 | 1,755,879 | ||||||
| Admin Expenses | 260,096 | 135,550 | 448,625 | 286,877 | 604,353 | 1,188,538 | 1,163,533 | 1,445,970 | 1,325,460 | 1,626,967 | ||||||
| Operating Profit | -149,759 | 419,113 | -442,769 | -445,429 | -58,884 | 1,224,944 | 463,750 | 149,979 | 393,266 | 128,912 | ||||||
| Interest Payable | 31,961 | 21,163 | 39,815 | 17,985 | 39 | 66 | 200 | 0 | 3,876 | 904 | ||||||
| Interest Receivable | 8,350 | 95 | 539 | 1,742 | 2,224 | 4,306 | 1,959 | 9,223 | 8,987 | 2,637 | ||||||
| Pre-Tax Profit | -173,370 | 398,045 | -482,045 | -461,672 | -56,699 | 1,229,184 | 465,509 | 159,202 | 398,377 | 130,645 | ||||||
| Tax | 166 | -25,746 | 43,276 | 44,151 | -35,332 | -237,187 | -130,357 | -9,772 | -134,979 | -19,134 | ||||||
| Profit After Tax | -173,204 | 372,299 | -438,769 | -417,521 | -92,031 | 991,997 | 335,152 | 149,430 | 263,398 | 111,511 | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 350,000 | 0 | 300,000 | 0 | ||||||
| Retained Profit | -173,204 | 372,299 | -438,769 | -417,521 | -92,031 | 991,997 | -14,848 | 149,430 | -36,602 | 111,511 | ||||||
| Employee Costs | 900,644 | 979,026 | 962,678 | 1,036,611 | ||||||||||||
| Number Of Employees | 1 | 1 | 9 | 14 | 25 | 21 | 21 | 18 | 17 | 24 | 23 | 23 | 24 | |||
| EBITDA* | -112,082 | 492,229 | -346,889 | -333,744 | -1,036 | 1,322,137 | 601,628 | 284,564 | 511,912 | 231,267 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Jun 2019 | Jun 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,393 | 44,070 | 123,966 | 219,846 | 308,370 | 205,570 | 230,370 | 227,963 | 237,322 | 249,995 | 269,921 | 281,399 | 309,823 | 351,433 | 323,058 | 203,090 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 1,184 | 0 | 0 | 0 | 0 | 10 | 144 | 674 | 1,204 | 2,267 | 4,761 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 6,393 | 44,070 | 123,966 | 219,846 | 308,370 | 206,754 | 230,370 | 227,963 | 237,322 | 249,995 | 269,931 | 281,543 | 310,497 | 352,637 | 325,325 | 207,851 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 23,248 | 0 | 22,194 | 8,723 | 228,763 | 258,792 | 606,164 | 424,014 | 494,593 | 1,923,366 | 1,890,546 | 176,843 | 848,103 | 386,849 | 844,843 | 925,455 |
| Group Debtors | 0 | 221,089 | 320,707 | 900,255 | 360,464 | 356,732 | 1,216,362 | 1,494,405 | 1,813,805 | 0 | 0 | 1,230,163 | 517,028 | 2,349,972 | 2,759,098 | 0 |
| Misc Debtors | 162,378 | 36,379 | 218,098 | 503,865 | 825,996 | 668,274 | 718,463 | 482,414 | 472,221 | 0 | 0 | 702,022 | 1,495,384 | 136,900 | 544,500 | 0 |
| Cash | 79,438 | 116,165 | 263,930 | 79,385 | 246,896 | 579,226 | 153,338 | 539,564 | 217,919 | 356,894 | 352,803 | 25,510 | 476,005 | 1,511,132 | 638,704 | 1,770,135 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 265,064 | 373,633 | 824,929 | 1,492,228 | 1,662,119 | 1,863,024 | 2,694,327 | 2,940,397 | 2,998,538 | 2,280,260 | 2,243,349 | 2,134,538 | 3,336,520 | 4,384,853 | 4,787,145 | 2,695,590 |
| total assets | 271,457 | 417,703 | 948,895 | 1,712,074 | 1,970,489 | 2,069,778 | 2,924,697 | 3,168,360 | 3,235,860 | 2,530,255 | 2,513,280 | 2,416,081 | 3,647,017 | 4,737,490 | 5,112,470 | 2,903,441 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 267,425 | 0 | 0 | 30,210 | 262,748 | 262,748 | 0 | 431,271 | 1,585 | 0 |
| Bank loan | 0 | 303,000 | 406,500 | 406,500 | 0 | 5,146 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 20,235 | 32,413 | 452,745 | 422,352 | 705,163 | 605,694 | 767,899 | 317,622 | 956,790 | 2,050,951 | 2,149,126 | 377,944 | 402,134 | 299,814 | 531,854 | 2,761,685 |
| Group/Directors Accounts | 477,884 | 247,799 | 275,736 | 259,653 | 129,130 | 56,157 | 0 | 9,673 | 38,258 | 0 | 0 | 16,890 | 140,834 | 0 | 593,605 | 0 |
| other short term finances | 0 | 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 | 0 |
| other current liabilities | 163,330 | 51,279 | 103,001 | 173,887 | 868,993 | 1,043,526 | 1,172,115 | 2,052,495 | 1,632,737 | 0 | 0 | 1,407,252 | 2,737,954 | 3,789,740 | 3,732,159 | 0 |
| total current liabilities | 661,449 | 634,491 | 1,237,982 | 1,262,392 | 1,703,286 | 1,710,523 | 2,207,439 | 2,379,790 | 2,627,785 | 2,081,161 | 2,411,874 | 2,064,834 | 3,280,922 | 4,520,825 | 4,859,203 | 2,761,685 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 300,000 | 600,000 | 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 | 0 | 0 |
| total long term liabilities | 0 | 0 | 300,000 | 600,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 661,449 | 634,491 | 1,537,982 | 1,862,392 | 1,703,286 | 1,710,523 | 2,207,439 | 2,379,790 | 2,627,785 | 2,081,161 | 2,411,874 | 2,064,834 | 3,280,922 | 4,520,825 | 4,859,203 | 2,761,685 |
| net assets | -389,992 | -216,788 | -589,087 | -150,318 | 267,203 | 359,255 | 717,258 | 788,570 | 608,075 | 449,094 | 101,406 | 351,247 | 366,095 | 216,665 | 253,267 | 141,756 |
| total shareholders funds | -389,992 | -216,788 | -589,087 | -150,318 | 267,203 | 359,255 | 717,258 | 788,570 | 608,075 | 449,094 | 101,406 | 351,247 | 366,095 | 216,665 | 253,267 | 141,756 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Jun 2019 | Jun 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Profit | -149,759 | 419,113 | -442,769 | -445,429 | -58,884 | 1,224,944 | 463,750 | 149,979 | 393,266 | 128,912 | ||||||
| Depreciation | 37,677 | 73,116 | 95,880 | 111,685 | 57,848 | 97,085 | 94,809 | 100,152 | 110,629 | 109,067 | 141,542 | 137,348 | 134,055 | 117,583 | 99,861 | 50,636 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 108 | 0 | 0 | 0 | 10 | 134 | 530 | 530 | 1,063 | 2,494 | 2,855 |
| Tax | 166 | -25,746 | 43,276 | 44,151 | -35,332 | -237,187 | -130,357 | -9,772 | -134,979 | -19,134 | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -71,842 | -303,531 | -851,844 | -2,380 | -1,125,766 | -1,257,191 | 140,156 | -379,786 | 857,253 | 32,820 | -218,482 | -751,487 | -13,206 | -1,274,720 | 3,222,986 | 925,455 |
| Creditors | -12,178 | -420,332 | 30,393 | -282,811 | -62,736 | -162,205 | 450,277 | -639,168 | -1,094,161 | -98,175 | 1,771,182 | -24,190 | 102,320 | -232,040 | -2,229,831 | 2,761,685 |
| Accruals and Deferred Income | 112,051 | -51,722 | -70,886 | -695,106 | -303,122 | -128,589 | -880,380 | 419,758 | 1,632,737 | 0 | -1,407,252 | -1,330,702 | -1,051,786 | 57,581 | 3,732,159 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 59,799 | 297,960 | 507,738 | -1,265,130 | 723,540 | 2,051,347 | -132,134 | -661,468 | 1,477,194 | -1,508,525 | ||||||
| Investing Activities | ||||||||||||||||
| capital expenditure | -145,958 | -221,214 | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -145,958 | -221,214 | ||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | -303,000 | -103,500 | 0 | 406,500 | 0 | 5,146 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 230,085 | -27,937 | 16,083 | 130,523 | 129,130 | 56,157 | -9,673 | -28,585 | 38,258 | 0 | -16,890 | -123,944 | 140,834 | -593,605 | 593,605 | 0 |
| Other Short Term Loans | 0 | 0 | 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 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -300,000 | -300,000 | 600,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||||
| interest | -23,611 | -21,068 | -39,276 | -16,243 | 2,185 | 4,240 | 1,759 | 9,223 | 5,111 | 1,733 | ||||||
| cash flow from financing | -96,526 | -452,505 | -323,193 | 1,120,780 | -226,709 | -1,284,457 | -122,185 | 150,057 | -588,494 | 595,338 | ||||||
| cash and cash equivalents | ||||||||||||||||
| cash | -36,727 | -147,765 | 184,545 | -167,511 | 93,558 | 425,888 | -386,226 | 321,645 | -138,975 | 4,091 | 327,293 | -450,495 | -1,035,127 | 872,428 | -1,131,431 | 1,770,135 |
| overdraft | 0 | 0 | 0 | 0 | -267,425 | -267,425 | 267,425 | 0 | -30,210 | -232,538 | 0 | 262,748 | -431,271 | 429,686 | 1,585 | 0 |
| change in cash | -36,727 | -147,765 | 184,545 | -167,511 | 360,983 | 693,313 | -653,651 | 321,645 | -108,765 | 236,629 | 327,293 | -713,243 | -603,856 | 442,742 | -1,133,016 | 1,770,135 |
flying music company limited(the) Credit Report and Business Information
Flying Music Company Limited(the) Competitor Analysis
Perform a competitor analysis for flying music company limited(the) by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other small companies, companies in EC1V area or any other competitors across 12 key performance metrics.
flying music company limited(the) Ownership
FLYING MUSIC COMPANY LIMITED(THE) group structure
Flying Music Company Limited(The) has no subsidiary companies.
Ultimate parent company
DEAG CONCERTS GMBH
#0087665
2 parents
FLYING MUSIC COMPANY LIMITED(THE)
01649667
flying music company limited(the) directors
Flying Music Company Limited(The) currently has 2 directors. The longest serving directors include Mr Detlef Kornett (Aug 2017) and Mr Stuart Galbraith (Aug 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Detlef Kornett | England | 61 years | Aug 2017 | - | Director |
| Mr Stuart Galbraith | England | 62 years | Aug 2017 | - | Director |
P&L
December 2023turnover
899.2k
+173%
operating profit
-149.8k
-136%
gross margin
12.3%
-92.73%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-390k
+0.8%
total assets
271.5k
-0.35%
cash
79.4k
-0.32%
net assets
Total assets minus all liabilities
flying music company limited(the) company details
company number
01649667
Type
Private limited with Share Capital
industry
90020 - Support activities to performing arts
90010 - Performing arts
incorporation date
July 1982
age
43
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
UHY HACKER YOUNG
address
first floor, northburgh house, 10 northburgh street, london, EC1V 0AT
Bank
BARCLAYS BANK PLC
Legal Advisor
-
flying music company limited(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 found 12 charges/mortgages relating to flying music company limited(the). Currently there are 3 open charges and 9 have been satisfied in the past.
flying music company limited(the) Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for FLYING MUSIC COMPANY LIMITED(THE). This can take several minutes, an email will notify you when this has completed.
flying music company limited(the) Companies House Filings - See Documents
| date | description | view/download |
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