Passion Music Limited

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passion music limited Company Information

Live

MatureSmallLow

Company Number

01926762

Website

passionmusic.co.nz

Registered Address

the milking parlour hurst farm, dairy lane, crockham hill, kent, TN8 6RA

Industry

Artistic creation

Telephone

02085719070

Next Accounts Due

March 2025

Group Structure

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Directors

Leslie McCutcheon39 Years

Shareholders

leslie mccutcheon 100%

passion music limited Estimated Valuation

£320.7k

Pomanda estimates the enterprise value of PASSION MUSIC LIMITED at £320.7k based on a Turnover of £777k and 0.41x industry multiple (adjusted for size and gross margin).

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Passion Music Limited is a live company located in crockham hill, TN8 6RA with a Companies House number of 01926762. It operates in the artistic creation sector, SIC Code 90030. Founded in June 1985, it's largest shareholder is leslie mccutcheon with a 100% stake. Passion Music Limited is a mature, small sized company, Pomanda has estimated its turnover at £777k with low growth in recent years.

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Pomanda's financial health check has awarded Passion Music Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £777k, make it larger than the average company (£284.5k)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (5.1%)

EXPORT

Passion Music Limited's latest turnover from June 2023 is estimated at £777 thousand and the company has net assets of £216.5 thousand. According to their latest financial statements, Passion Music Limited has 3 employees and maintains cash reserves of £371.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	776,983	876,415	1,212,684	700,128	814,934	1,036,412	1,616,342	1,816,109	1,815,247	1,799,988	1,071,520	1,993,685	1,432,094	1,344,430
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	410,638	397,463	548,588	311,655	346,053	451,751	673,363	851,061	802,455	748,834	442,484	837,658	648,922	544,822
Gross Profit	366,345	478,953	664,096	388,473	468,881	584,661	942,979	965,048	1,012,792	1,051,154	629,036	1,156,027	783,172	799,608
Admin Expenses	340,339	405,149	564,249	369,463	444,073	612,140	908,093	970,567	1,012,460	1,093,968	609,754	1,175,359	764,271	750,599
Operating Profit	26,006	73,804	99,847	19,010	24,808	-27,479	34,886	-5,519	332	-42,814	19,282	-19,332	18,901	49,009
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	18,767	4,351	274	194	1,050	611	296	604	673	846	828	642	362	60
Pre-Tax Profit	44,773	78,156	100,121	19,204	25,858	-26,868	35,183	-4,915	1,005	-41,968	20,110	-18,690	19,264	49,069
Tax	-11,193	-14,850	-19,023	-3,649	-4,913	0	-6,685	0	-201	0	-4,625	0	-5,009	-13,739
Profit After Tax	33,580	63,306	81,098	15,555	20,945	-26,868	28,498	-4,915	804	-41,968	15,485	-18,690	14,255	35,330
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	33,580	63,306	81,098	15,555	20,945	-26,868	28,498	-4,915	804	-41,968	15,485	-18,690	14,255	35,330
Employee Costs	79,963	78,312	79,895	75,364	73,984	332,355	512,097	628,672	602,776	646,309	392,322	768,847	495,015	486,490
Number Of Employees	3	3	3	3	3	13	20	23	22	23	14	28	19	19
EBITDA*	26,152	73,999	100,106	19,355	25,636	-26,354	36,430	-3,432	3,010	-39,912	22,829	-14,686	23,258	54,341

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	436	582	777	1,036	2,417	3,245	4,371	5,915	7,769	9,663	10,645	13,535	13,071	15,998
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	436	582	777	1,036	2,417	3,245	4,371	5,915	7,769	9,663	10,645	13,535	13,071	15,998
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	77,268	99,778	115,532	75,940	90,278	82,123	135,176	120,394	112,094	113,670	75,892	141,663	120,951	114,534
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	11,623	0	0	0	0	750	0	12,281	0	0	0	0	0	0
Cash	371,259	379,431	316,769	230,294	157,333	122,554	121,794	115,333	126,213	143,163	195,077	136,130	120,757	24,121
misc current assets	0	1	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	460,150	479,210	432,301	306,234	247,611	205,427	256,970	248,008	238,307	256,833	270,969	277,793	241,708	138,655
total assets	460,586	479,792	433,078	307,270	250,028	208,672	261,341	253,923	246,076	266,496	281,614	291,328	254,779	154,653
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	15,083	1,940	14,094	3,862	6,767	12,998	21,285	253,572	240,810	262,034	235,184	260,383	205,144	119,273
Group/Directors Accounts	0	710	284	168	471	122	2,106	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	64,646	116,220	121,084	264,759	219,864	193,571	209,101	0	0	0	0	0	0	0
total current liabilities	79,729	118,870	135,462	268,789	227,102	206,691	232,492	253,572	240,810	262,034	235,184	260,383	205,144	119,273
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	164,392	178,037	178,037	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	164,392	178,037	178,037	0	0	0	0	0	0	0	0	0	0	0
total liabilities	244,121	296,907	313,499	268,789	227,102	206,691	232,492	253,572	240,810	262,034	235,184	260,383	205,144	119,273
net assets	216,465	182,885	119,579	38,481	22,926	1,981	28,849	351	5,266	4,462	46,430	30,945	49,635	35,380
total shareholders funds	216,465	182,885	119,579	38,481	22,926	1,981	28,849	351	5,266	4,462	46,430	30,945	49,635	35,380

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	26,006	73,804	99,847	19,010	24,808	-27,479	34,886	-5,519	332	-42,814	19,282	-19,332	18,901	49,009
Depreciation	146	195	259	345	828	1,125	1,544	2,087	2,678	2,902	3,547	4,646	4,357	5,332
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-11,193	-14,850	-19,023	-3,649	-4,913	0	-6,685	0	-201	0	-4,625	0	-5,009	-13,739
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-10,887	-15,754	39,592	-14,338	7,405	-52,303	2,501	20,581	-1,576	37,778	-65,771	20,712	6,417	114,534
Creditors	13,143	-12,154	10,232	-2,905	-6,231	-8,287	-232,287	12,762	-21,224	26,850	-25,199	55,239	85,871	119,273
Accruals and Deferred Income	-51,574	-4,864	-143,675	44,895	26,293	-15,530	209,101	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-13,645	0	178,037	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-26,230	57,885	86,085	72,034	33,380	2,132	4,058	-11,251	-16,839	-50,840	58,776	19,841	97,703	45,341
Investing Activities
capital expenditure	0	0	0	1,036	0	1	0	-233	-784	-1,920	-657	-5,110	-1,430	-21,330
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	1,036	0	1	0	-233	-784	-1,920	-657	-5,110	-1,430	-21,330
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-710	426	116	-303	349	-1,984	2,106	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	0	0	0	0	0	0	0	0	0	0	0	0	0	50
interest	18,767	4,351	274	194	1,050	611	296	604	673	846	828	642	362	60
cash flow from financing	18,057	4,777	390	-109	1,399	-1,373	2,402	604	673	846	828	642	362	110
cash and cash equivalents
cash	-8,172	62,662	86,475	72,961	34,779	760	6,461	-10,880	-16,950	-51,914	58,947	15,373	96,636	24,121
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-8,172	62,662	86,475	72,961	34,779	760	6,461	-10,880	-16,950	-51,914	58,947	15,373	96,636	24,121

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for passion music limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other small companies, companies in TN8 area or any other competitors across 12 key performance metrics.

PASSION MUSIC LIMITED group structure

Passion Music Limited has no subsidiary companies.

Ultimate parent company

PASSION MUSIC LIMITED

01926762

PASSION MUSIC LIMITED Shareholders

leslie mccutcheon

100%

Passion Music Limited currently has 1 director, Leslie McCutcheon serving since Jun 1985.

officer	country	age	start	end	role
Leslie McCutcheon	England	73 years	Jun 1985	-	Director

P&L

June 2023

turnover

777k

-11%

operating profit

26k

gross margin

47.2%

-13.72%

turnover

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

Balance Sheet

June 2023

net assets

216.5k

+0.18%

total assets

460.6k

-0.04%

cash

371.3k

-0.02%

net assets

Total assets minus all liabilities

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company number

01926762

Type

Private limited with Share Capital

industry

90030 - Artistic creation

incorporation date

June 1985

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

June 2023

address

the milking parlour hurst farm, dairy lane, crockham hill, kent, TN8 6RA

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passion music limited Company Information

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passion music limited Estimated Valuation

passion music limited Estimated Valuation

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