Ee Music Limited

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ee music limited Company Information

Live

MatureMicroDeclining

Company Number

02187264

Website

www.eemusic.co.uk

Registered Address

70 northgate street, bury st. edmunds, IP33 1JD

Industry

Sound recording and music publishing activities

Telephone

Next Accounts Due

December 2025

Group Structure

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Directors

Ian Curnow33 Years

Irena Curnow33 Years

Shareholders

i.g. curnow 51%

i.a. curnow 49%

ee music limited Estimated Valuation

£141.3k

Pomanda estimates the enterprise value of EE MUSIC LIMITED at £141.3k based on Net Assets of £119k and 1.19x industry multiple (adjusted for liquidity).

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Ee Music Limited is a live company located in bury st. edmunds, IP33 1JD with a Companies House number of 02187264. It operates in the sound recording and music publishing activities sector, SIC Code 59200. Founded in November 1987, it's largest shareholder is i.g. curnow with a 51% stake. Ee Music Limited is a mature, micro sized company, Pomanda has estimated its turnover at £64.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Ee Music Limited 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

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £64.3k, make it smaller than the average company (£483.5k)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (12.7%)

EXPORT

Ee Music Limited's latest turnover from March 2024 is estimated at £64.3 thousand and the company has net assets of £119 thousand. According to their latest financial statements, Ee Music Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	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	64,313	63,221	77,731	69,486	52,132	102,823	76,983	86,461	32,259	25,082	12,735	27,551	41,631	6,416	7,388
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	48,889	49,302	62,194	54,321	39,763	75,156	57,982	67,737	24,487	18,212	10,000	20,583	30,165	4,719	5,388
Gross Profit	15,424	13,919	15,537	15,165	12,369	27,666	19,000	18,724	7,773	6,870	2,735	6,968	11,466	1,697	2,000
Admin Expenses	15,791	19,692	19,111	27,721	20,039	13,141	15,304	-37,282	15,869	22,307	-48,094	13,385	11,256	3,884	22,724
Operating Profit	-367	-5,773	-3,574	-12,556	-7,670	14,525	3,696	56,006	-8,096	-15,437	50,829	-6,417	210	-2,187	-20,724
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	270
Interest Receivable	0	0	0	0	0	0	0	10	24	23	21	8	13	13	0
Pre-Tax Profit	-367	-5,773	-3,574	-12,556	-7,670	14,525	3,696	56,016	-8,072	-15,414	50,849	-6,409	223	-2,174	-4,194
Tax	0	0	0	0	0	-2,760	-702	-11,203	0	0	-11,695	0	-58	0	25
Profit After Tax	-367	-5,773	-3,574	-12,556	-7,670	11,765	2,994	44,813	-8,072	-15,414	39,154	-6,409	165	-2,174	-4,169
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,800
Retained Profit	-367	-5,773	-3,574	-12,556	-7,670	11,765	2,994	44,813	-8,072	-15,414	39,154	-6,409	165	-2,174	-8,969
Employee Costs	48,943	37,308	42,139	45,362	45,545	46,928	42,152	41,562	47,061	47,886	48,051	46,433	45,154	46,864	47,352
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA*	-367	-5,773	-3,574	-12,556	-7,670	14,525	3,696	56,006	-4,708	-12,345	54,506	-3,040	4,068	3,029	-15,146

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	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	119,575	120,087	118,603	120,546	119,290	121,169	121,543	121,756	10,162	9,274	11,032	10,132	11,575	106,785	108,810
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	486,000	401,000	283,000	271,000	252,500	5,120	5,120
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	119,575	120,087	118,603	120,546	119,290	121,169	121,543	121,756	496,162	410,274	294,032	281,132	264,075	111,905	113,930
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	21,081	19,331	33,043	29,322	22,912	44,627	29,996	32,388	6,568	5,936	2,322	4,601	9,740	1,223	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,278	2,031	0	0	10,425	0	0	0	0	0	0	0	0	0	1,209
Cash	0	0	0	0	0	0	0	0	7,903	1,614	7,668	573	2,647	2,741	2,324
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	23,359	21,362	33,043	29,322	33,337	44,627	29,996	32,388	14,471	7,550	9,990	5,174	12,387	3,964	3,533
total assets	142,934	141,449	151,646	149,868	152,627	165,796	151,539	154,144	510,633	417,824	304,022	286,306	276,462	115,869	117,463
Bank overdraft	0	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	0
Trade Creditors	23,308	19,656	25,330	19,978	11,201	16,880	14,388	19,987	39,645	23,864	12,648	34,086	37,733	6,243	4,000
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	27,006	25,269
other short term finances	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
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,600
total current liabilities	23,308	19,656	25,330	19,978	11,201	16,880	14,388	19,987	39,645	23,864	12,648	34,086	37,733	33,249	32,869
loans	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
Accruals and Deferred Income	650	2,450	1,200	1,200	180	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	0
provisions	0	0	0	0	0	0	0	0	1,600	1,500	1,500	1,500	1,600	1,700	1,500
total long term liabilities	650	2,450	1,200	1,200	180	0	0	0	1,600	1,500	1,500	1,500	1,600	1,700	1,500
total liabilities	23,958	22,106	26,530	21,178	11,381	16,880	14,388	19,987	41,245	25,364	14,148	35,586	39,333	34,949	34,369
net assets	118,976	119,343	125,116	128,690	141,246	148,916	137,151	134,157	469,388	392,460	289,874	250,720	237,129	80,920	83,094
total shareholders funds	118,976	119,343	125,116	128,690	141,246	148,916	137,151	134,157	469,388	392,460	289,874	250,720	237,129	80,920	83,094

	Mar 2024	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	-367	-5,773	-3,574	-12,556	-7,670	14,525	3,696	56,006	-8,096	-15,437	50,829	-6,417	210	-2,187	-20,724
Depreciation	0	0	0	0	0	0	0	0	3,388	3,092	3,677	3,377	3,858	5,216	5,578
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	-2,760	-702	-11,203	0	0	-11,695	0	-58	0	25
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	1,997	-11,681	3,721	-4,015	-11,290	14,631	-2,392	25,820	632	3,614	-2,279	-5,139	8,517	14	1,209
Creditors	3,652	-5,674	5,352	8,777	-5,679	2,492	-5,599	-19,658	15,781	11,216	-21,438	-3,647	31,490	2,243	4,000
Accruals and Deferred Income	-1,800	1,250	0	1,020	180	0	0	0	0	0	0	0	0	-3,600	3,600
Deferred Taxes & Provisions	0	0	0	0	0	0	0	-1,600	100	0	0	-100	-100	200	1,500
Cash flow from operations	-512	1,484	-1,943	1,256	-1,879	-374	-213	-2,275	10,541	-4,743	23,652	-1,648	26,883	1,858	-7,230
Investing Activities
capital expenditure	512	-1,484	1,943	-1,256	1,879	374	213	-111,594	-4,276	-1,334	-4,577	-1,934	91,352	-3,191	-114,388
Change in Investments	0	0	0	0	0	0	0	-486,000	85,000	118,000	12,000	18,500	247,380	0	5,120
cash flow from investments	512	-1,484	1,943	-1,256	1,879	374	213	374,406	-89,276	-119,334	-16,577	-20,434	-156,028	-3,191	-119,508
Financing Activities
Bank loans	0	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	-27,006	1,737	25,269
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	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	0
share issue	0	0	0	0	0	0	0	-380,044	85,000	118,000	0	20,000	156,044	0	92,063
interest	0	0	0	0	0	0	0	10	24	23	21	8	13	13	-270
cash flow from financing	0	0	0	0	0	0	0	-380,034	85,024	118,023	21	20,008	129,051	1,750	117,062
cash and cash equivalents
cash	0	0	0	0	0	0	0	-7,903	6,289	-6,054	7,095	-2,074	-94	417	2,324
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-7,903	6,289	-6,054	7,095	-2,074	-94	417	2,324

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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EE MUSIC LIMITED group structure

Ee Music Limited has no subsidiary companies.

Ultimate parent company

EE MUSIC LIMITED

02187264

EE MUSIC LIMITED Shareholders

i.g. curnow	51%
i.a. curnow	49%

Ee Music Limited currently has 2 directors. The longest serving directors include Mr Ian Curnow (Jul 1991) and Mrs Irena Curnow (Jul 1991).

officer	country	age	start	end	role
Mr Ian Curnow	England	68 years	Jul 1991	-	Director
Mrs Irena Curnow	England	67 years	Jul 1991	-	Director

P&L

March 2024

turnover

64.3k

+2%

operating profit

-367

gross margin

24%

+8.93%

turnover

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

Balance Sheet

March 2024

net assets

119k

total assets

142.9k

+0.01%

cash

net assets

Total assets minus all liabilities

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company number

02187264

Type

Private limited with Share Capital

industry

59200 - Sound recording and music publishing activities

incorporation date

November 1987

ultimate parent company

None

previous names

N/A

address

70 northgate street, bury st. edmunds, IP33 1JD

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 ee music limited.

ee music limited Company Information

ee music limited Estimated Valuation

ee music limited Estimated Valuation

ee music limited Estimated Valuation

Ee Music Limited Overview

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