audiorec limited
audiorec limited Company Information
Company Number
02127392
Next Accounts
Apr 2025
Shareholders
gargi jyotindra patel
dinkar rambhai patel
View AllGroup Structure
View All
Industry
Sound recording and music publishing activities
Registered Address
c/o kishens limited, 13 montpelier avenue, bexley, kent, DA5 3AP
Website
www.audiorec.co.ukaudiorec limited Estimated Valuation
Pomanda estimates the enterprise value of AUDIOREC LIMITED at £58.9k based on a Turnover of £157.2k and 0.37x industry multiple (adjusted for size and gross margin).
audiorec limited Estimated Valuation
Pomanda estimates the enterprise value of AUDIOREC LIMITED at £23.2k based on an EBITDA of £12.3k and a 1.89x industry multiple (adjusted for size and gross margin).
audiorec limited Estimated Valuation
Pomanda estimates the enterprise value of AUDIOREC LIMITED at £2k based on Net Assets of £1.6k and 1.23x industry multiple (adjusted for liquidity).
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Audiorec Limited Overview
Audiorec Limited is a live company located in bexley, DA5 3AP with a Companies House number of 02127392. It operates in the sound recording and music publishing activities sector, SIC Code 59200. Founded in May 1987, it's largest shareholder is gargi jyotindra patel with a 55% stake. Audiorec Limited is a mature, micro sized company, Pomanda has estimated its turnover at £157.2k with rapid growth in recent years.
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Audiorec Limited Health Check
Pomanda's financial health check has awarded Audiorec Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £157.2k, make it smaller than the average company (£454.5k)
- Audiorec Limited
£454.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (9.8%)
- Audiorec Limited
9.8% - Industry AVG
Production
with a gross margin of 19.3%, this company has a higher cost of product (45.1%)
- Audiorec Limited
45.1% - Industry AVG
Profitability
an operating margin of 7.8% make it as profitable than the average company (8.3%)
- Audiorec Limited
8.3% - Industry AVG
Employees
with 3 employees, this is similar to the industry average (3)
3 - Audiorec Limited
3 - Industry AVG
Pay Structure
on an average salary of £36.4k, the company has an equivalent pay structure (£36.4k)
- Audiorec Limited
£36.4k - Industry AVG
Efficiency
resulting in sales per employee of £52.4k, this is less efficient (£127k)
- Audiorec Limited
£127k - Industry AVG
Debtor Days
it gets paid by customers after 136 days, this is later than average (31 days)
- Audiorec Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (40 days)
- Audiorec Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Audiorec Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Audiorec Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.3%, this is a higher level of debt than the average (77.6%)
97.3% - Audiorec Limited
77.6% - Industry AVG
AUDIOREC LIMITED financials
Audiorec Limited's latest turnover from July 2023 is estimated at £157.2 thousand and the company has net assets of £1.6 thousand. According to their latest financial statements, Audiorec Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 3 | 3 | 3 | 3 | |||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 401 | 472 | 555 | 653 | 768 | 904 | 1,063 | 1,251 | 1,472 | 1,732 | 2,038 | 2,397 | 2,819 | 3,317 | 3,902 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 401 | 472 | 555 | 653 | 768 | 904 | 1,063 | 1,251 | 1,472 | 1,732 | 2,038 | 2,397 | 2,819 | 3,317 | 3,902 |
| Stock & work in progress | 39,879 | 43,211 | 50,211 | 54,211 | 60,711 | 70,211 | 80,214 | 88,714 | |||||||
| Trade Debtors | 58,884 | 50,259 | 26,211 | 21,993 | 72,232 | 83,569 | 74,550 | 120 | 120 | 778 | 778 | 1,041 | |||
| Group Debtors | |||||||||||||||
| Misc Debtors | 246 | 246 | 246 | 246 | |||||||||||
| Cash | 8,488 | 15,314 | 8,171 | 5,101 | 1,854 | ||||||||||
| misc current assets | 120 | 120 | 120 | ||||||||||||
| total current assets | 59,130 | 50,505 | 26,457 | 22,239 | 72,352 | 83,689 | 74,670 | 48,487 | 58,645 | 58,382 | 59,312 | 62,565 | 70,989 | 80,992 | 89,755 |
| total assets | 59,531 | 50,977 | 27,012 | 22,892 | 73,120 | 84,593 | 75,733 | 49,738 | 60,117 | 60,114 | 61,350 | 64,962 | 73,808 | 84,309 | 93,657 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 2,172 | 2,808 | 800 | 800 | 800 | 798 | 6,397 | 6,398 | 7,921 | 14,967 | 85,998 | 103,236 | |||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 2,172 | 2,808 | 800 | 800 | 800 | 798 | 6,397 | 6,398 | 7,921 | 14,967 | 85,998 | 103,236 | |||
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 900 | 900 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | ||||||||
| other liabilities | 54,775 | 54,775 | 53,933 | 53,933 | 113,933 | 153,933 | 153,933 | 153,933 | 162,108 | 158,009 | 160,509 | 162,509 | 164,509 | 104,775 | 104,775 |
| provisions | 73 | 85 | |||||||||||||
| total long term liabilities | 55,748 | 55,760 | 55,533 | 55,533 | 115,533 | 155,533 | 155,533 | 153,933 | 162,108 | 158,009 | 160,509 | 162,509 | 164,509 | 104,775 | 104,775 |
| total liabilities | 57,920 | 58,568 | 55,533 | 56,333 | 116,333 | 155,533 | 155,533 | 154,733 | 162,906 | 164,406 | 166,907 | 170,430 | 179,476 | 190,773 | 208,011 |
| net assets | 1,611 | -7,591 | -28,521 | -33,441 | -43,213 | -70,940 | -79,800 | -104,995 | -102,789 | -104,292 | -105,557 | -105,468 | -105,668 | -106,464 | -114,354 |
| total shareholders funds | 1,611 | -7,591 | -28,521 | -33,441 | -43,213 | -70,940 | -79,800 | -104,995 | -102,789 | -104,292 | -105,557 | -105,468 | -105,668 | -106,464 | -114,354 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 221 | 260 | 306 | 359 | 422 | 497 | 585 | 689 | |||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -39,879 | -3,332 | -7,000 | -4,000 | -6,500 | -9,500 | -10,003 | -8,500 | 88,714 | ||||||
| Debtors | 8,625 | 24,048 | 4,218 | -49,993 | -11,337 | 9,019 | 74,430 | 120 | -778 | -263 | 1,041 | ||||
| Creditors | -636 | 2,808 | -800 | 800 | -800 | 2 | -5,599 | -1 | -1,523 | -7,046 | -71,031 | -17,238 | 103,236 | ||
| Accruals and Deferred Income | -700 | 1,600 | |||||||||||||
| Deferred Taxes & Provisions | -12 | 85 | |||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | 842 | -60,000 | -40,000 | -8,175 | 4,099 | -2,500 | -2,000 | -2,000 | 59,734 | 104,775 | |||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -8,488 | -6,826 | 7,143 | 3,070 | 3,247 | 1,854 | |||||||||
| overdraft | |||||||||||||||
| change in cash | -8,488 | -6,826 | 7,143 | 3,070 | 3,247 | 1,854 |
audiorec limited Credit Report and Business Information
Audiorec Limited Competitor Analysis
Perform a competitor analysis for audiorec limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in DA5 area or any other competitors across 12 key performance metrics.
audiorec limited Ownership
AUDIOREC LIMITED group structure
Audiorec Limited has no subsidiary companies.
Ultimate parent company
AUDIOREC LIMITED
02127392
audiorec limited directors
Audiorec Limited currently has 3 directors. The longest serving directors include Ms Priya Patel (Dec 2010) and Mr Amish Patel (Dec 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Priya Patel | England | 48 years | Dec 2010 | - | Director |
| Mr Amish Patel | England | 54 years | Dec 2010 | - | Director |
| Mr Dwijesh Patel | England | 38 years | Apr 2011 | - | Director |
P&L
July 2023turnover
157.2k
+32%
operating profit
12.3k
0%
gross margin
19.4%
-0.73%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
1.6k
-1.21%
total assets
59.5k
+0.17%
cash
0
0%
net assets
Total assets minus all liabilities
audiorec limited company details
company number
02127392
Type
Private limited with Share Capital
industry
59200 - Sound recording and music publishing activities
incorporation date
May 1987
age
38
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
July 2023
previous names
northfield music limited (July 1987)
accountant
KISHENS LIMITED
auditor
-
address
c/o kishens limited, 13 montpelier avenue, bexley, kent, DA5 3AP
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
DESAI DING & OBEROI LTD
audiorec limited 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 1 charges/mortgages relating to audiorec limited. Currently there are 0 open charges and 1 have been satisfied in the past.
audiorec limited 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 AUDIOREC LIMITED. This can take several minutes, an email will notify you when this has completed.
audiorec limited Companies House Filings - See Documents
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