naxos music uk limited

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naxos music uk limited Company Information

Share NAXOS MUSIC UK LIMITED

Company Number

02619679

Shareholders

naxos global distribution ltd

Group Structure

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Industry

Wholesale of gramophone records, audio tapes, compact discs and video tapes and of the equipment on which these are played

 

Registered Address

3rd floor forum house, 41-51 brighton road, redhill, surrey, RH1 6YS

naxos music uk limited Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of NAXOS MUSIC UK LIMITED at £2.7m based on a Turnover of £6.2m and 0.44x industry multiple (adjusted for size and gross margin).

naxos music uk limited Estimated Valuation

£0

Pomanda estimates the enterprise value of NAXOS MUSIC UK LIMITED at £0 based on an EBITDA of £-163.7k and a 4.99x industry multiple (adjusted for size and gross margin).

naxos music uk limited Estimated Valuation

£5.8m

Pomanda estimates the enterprise value of NAXOS MUSIC UK LIMITED at £5.8m based on Net Assets of £3.3m and 1.76x industry multiple (adjusted for liquidity).

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Naxos Music Uk Limited Overview

Naxos Music Uk Limited is a live company located in redhill, RH1 6YS with a Companies House number of 02619679. It operates in the wholesale of audio tapes, records, cds and video tapes and the equipment on which these are played sector, SIC Code 46431. Founded in June 1991, it's largest shareholder is naxos global distribution ltd with a 100% stake. Naxos Music Uk Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.2m with declining growth in recent years.

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Naxos Music Uk Limited Health Check

Pomanda's financial health check has awarded Naxos Music Uk Limited a 3 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 Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

7 Weak

size

Size

annual sales of £6.2m, make it smaller than the average company (£10.8m)

£6.2m - Naxos Music Uk Limited

£10.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (0.6%)

-13% - Naxos Music Uk Limited

0.6% - Industry AVG

production

Production

with a gross margin of 22.8%, this company has a comparable cost of product (22.8%)

22.8% - Naxos Music Uk Limited

22.8% - Industry AVG

profitability

Profitability

an operating margin of -3.2% make it less profitable than the average company (4.5%)

-3.2% - Naxos Music Uk Limited

4.5% - Industry AVG

employees

Employees

with 16 employees, this is below the industry average (30)

16 - Naxos Music Uk Limited

30 - Industry AVG

paystructure

Pay Structure

on an average salary of £55.2k, the company has an equivalent pay structure (£55.2k)

£55.2k - Naxos Music Uk Limited

£55.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £385.1k, this is equally as efficient (£432.2k)

£385.1k - Naxos Music Uk Limited

£432.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 53 days, this is later than average (34 days)

53 days - Naxos Music Uk Limited

34 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 17 days, this is quicker than average (30 days)

17 days - Naxos Music Uk Limited

30 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 26 days, this is less than average (43 days)

26 days - Naxos Music Uk Limited

43 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (44 weeks)

11 weeks - Naxos Music Uk Limited

44 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 20.4%, this is a lower level of debt than the average (44.7%)

20.4% - Naxos Music Uk Limited

44.7% - Industry AVG

NAXOS MUSIC UK LIMITED financials

EXPORTms excel logo

Naxos Music Uk Limited's latest turnover from December 2023 is estimated at £6.2 million and the company has net assets of £3.3 million. According to their latest financial statements, Naxos Music Uk Limited has 16 employees and maintains cash reserves of £183 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover6,160,8797,444,0476,356,8619,515,1958,907,4668,078,7928,635,3487,726,1317,982,3638,762,0249,237,8269,011,0929,672,36610,217,15010,406,147
Other Income Or Grants
Cost Of Sales4,755,0525,839,9984,987,0807,649,1317,018,6466,657,2536,926,6045,905,4355,920,7236,592,2357,052,9326,809,8906,703,0887,466,6917,969,382
Gross Profit1,405,8261,604,0491,369,7811,866,0641,888,8191,421,5401,708,7441,820,6972,061,6402,169,7892,184,8942,201,2022,969,2782,750,4592,436,765
Admin Expenses1,602,9581,733,9961,143,9081,811,3481,731,1251,558,9381,868,0841,750,5082,032,5702,066,7761,973,4192,098,7012,919,4822,618,0052,364,114
Operating Profit-197,132-129,947225,87354,716157,694-137,398-159,34070,18929,070103,013211,475102,50149,796132,45472,651
Interest Payable1171383262,2141,0863,0224,880
Interest Receivable10,89719,6732,6358073,2201,9811,7771,67560,24357,07557,35858,57155,07033,09821,114
Pre-Tax Profit-186,235-110,274228,50955,523160,915-135,417-157,56371,86489,196206,247268,507158,858103,780162,53088,885
Tax-43,417-10,549-30,574-14,373-15,599-42,115-49,085-40,718-32,344-52,192-29,788
Profit After Tax-186,235-110,274185,09244,974130,341-135,417-157,56357,49173,597164,132219,422118,14071,436110,33859,097
Dividends Paid100,000100,000
Retained Profit-186,235-110,274185,09244,974130,341-135,417-157,56357,49171,624162,953119,422118,14071,43610,33859,097
Employee Costs883,7271,009,2051,057,2621,231,5571,263,646733,116778,676886,1131,146,2051,174,1411,142,3551,190,5711,295,2981,247,3131,336,534
Number Of Employees162122252519272831373739424345
EBITDA*-163,730-75,475289,073117,607215,814-109,471-109,738126,59084,287153,315257,882143,18286,479158,967107,616

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets97,918120,521246,370297,274335,097332,05745,26980,747127,621130,471101,50586,919102,87586,44751,555
Intangible Assets4,4185,017
Investments & Other192,743192,743192,743192,743192,743190,233190,232190,232
Debtors (Due After 1 year)12,66612,66676,55276,55276,15276,15276,152174,983174,860174,511173,915173,274172,494172,031171,787
Total Fixed Assets303,327325,930515,665566,569603,992598,442311,653445,962306,899309,999275,420260,193275,369258,478223,342
Stock & work in progress350,333465,151648,549609,739761,592736,092871,207797,8061,036,9591,195,4121,231,0381,331,7481,256,1701,244,0411,909,525
Trade Debtors908,3931,035,828611,6461,020,371806,240957,7531,118,0471,108,843850,1161,205,0491,298,9181,094,3911,498,9031,758,4151,900,346
Group Debtors2,033,6872,148,0561,669,1781,352,3501,552,3761,933,8842,367,4111,856,0171,639,9721,356,2101,833,8171,955,0071,807,6961,845,4901,276,804
Misc Debtors323,091349,818403,93774,292344,975390,781876,238651,973757,577647,010800,491677,599432,665197,775263,553
Cash182,999232,136892,0141,216,268397,998460,76567,613643,040696,863582,148461,7796,3771,022261,056431,598
misc current assets
total current assets3,798,5034,230,9894,225,3244,273,0203,863,1814,479,2755,300,5165,057,6794,981,4874,985,8295,626,0435,065,1224,996,4565,306,7775,781,826
total assets4,101,8304,556,9194,740,9894,839,5894,467,1735,077,7175,612,1695,503,6415,288,3865,295,8285,901,4635,325,3155,271,8255,565,2556,005,168
Bank overdraft117,406186,247472,810394,629
Bank loan
Trade Creditors 228,847257,781480,485483,819538,893604,9421,093,8211,110,6741,032,0961,090,3761,546,2711,051,9511,120,3791,233,7611,334,984
Group/Directors Accounts101,843277,020311,179364,988220,900999,587580,465342,622255,696266,994608,805679,573603,324589,1501,082,886
other short term finances
hp & lease commitments9,104
other current liabilities506,040570,783362,309582,931375,837271,986601,264551,916542,712553,367544,273393,693397,323376,418300,787
total current liabilities836,7301,105,5841,153,9731,431,7381,135,6301,876,5152,275,5502,005,2121,830,5041,910,7372,699,3492,242,6232,307,2732,672,1393,122,390
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions25,40731,3344,24710,92010,946
total long term liabilities25,40731,3344,24710,92010,946
total liabilities836,7301,105,5841,179,3801,463,0721,135,6301,876,5152,275,5502,009,4591,841,4241,921,6832,699,3492,242,6232,307,2732,672,1393,122,390
net assets3,265,1003,451,3353,561,6093,376,5173,331,5433,201,2023,336,6193,494,1823,439,8433,366,2463,202,1143,082,6922,964,5522,893,1162,882,778
total shareholders funds3,265,1003,451,3353,561,6093,376,5173,331,5433,201,2023,336,6193,494,1823,439,8433,366,2463,202,1143,082,6922,964,5522,893,1162,882,778
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-197,132-129,947225,87354,716157,694-137,398-159,34070,18929,070103,013211,475102,50149,796132,45472,651
Depreciation33,40254,47263,20062,89158,12027,92749,60256,40155,21750,30246,40740,68136,68326,51334,965
Amortisation
Tax-43,417-10,549-30,574-14,373-15,599-42,115-49,085-40,718-32,344-52,192-29,788
Stock-114,818-183,39838,810-151,85325,500-135,11573,401-239,153-158,453-35,626-100,71075,57812,129-665,4841,909,525
Debtors-268,531785,055237,748-256,178-578,827-1,079,278646,032369,29139,745-724,361206,870-11,487-61,953361,2213,612,490
Creditors-28,934-222,704-3,334-55,074-66,049-488,879-16,85378,578-58,280-455,895494,320-68,428-113,382-101,2231,334,984
Accruals and Deferred Income-64,743208,474-220,622207,094103,851-329,27849,3489,204-10,6559,094150,580-3,63020,90575,631300,787
Deferred Taxes & Provisions-25,407-5,92731,334-4,247-6,673-2610,946
Cash flow from operations125,942-716,769-260,785698,443776,369286,765-800,92363,188118,435435,332747,537-33,68511,482385,446-3,808,416
Investing Activities
capital expenditure-10,79971,377-12,296-25,068-61,160-314,715-14,124-5,109-60,993-27,521-54,164-68,054-6,026
Change in Investments2,5101190,232
cash flow from investments-10,79971,377-12,296-25,068-63,670-314,716-14,124-195,341-60,993-27,521-54,164-68,054-6,026
Financing Activities
Bank loans
Group/Directors Accounts-175,177-34,159-53,809144,088-778,687419,122237,84386,926-11,298-341,811-70,76876,24914,174-493,7361,082,886
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments-9,1049,104
other long term liabilities
share issue-3,1521,9731,1792,823,681
interest10,89719,6732,6358073,2201,9811,7771,67560,12656,93757,03256,35753,98430,07616,234
cash flow from financing-164,280-14,486-51,174144,895-775,467421,103239,62085,44950,801-283,695-13,736132,60668,158-472,7643,931,905
cash and cash equivalents
cash-49,137-659,878-324,254818,270-62,767393,152-575,427-53,823114,715120,369455,4025,355-260,034-170,542431,598
overdraft-117,406-68,841-286,56378,181394,629
change in cash-49,137-659,878-324,254818,270-62,767393,152-575,427-53,823114,715120,369572,80874,19626,529-248,72336,969

naxos music uk limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Naxos Music Uk Limited Competitor Analysis

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Perform a competitor analysis for naxos music uk limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in RH1 area or any other competitors across 12 key performance metrics.

naxos music uk limited Ownership

NAXOS MUSIC UK LIMITED group structure

Naxos Music Uk Limited has no subsidiary companies.

Ultimate parent company

NAXOS GLOBAL DISTRIBUTION LTD

#0024877

1 parent

NAXOS MUSIC UK LIMITED

02619679

NAXOS MUSIC UK LIMITED Shareholders

naxos global distribution ltd 100%

naxos music uk limited directors

Naxos Music Uk Limited currently has 3 directors. The longest serving directors include Mr Klaus Heymann (Mar 1993) and Mr Matthias Lutzweiler (Aug 2021).

officercountryagestartendrole
Mr Klaus HeymannChina88 years Mar 1993- Director
Mr Matthias LutzweilerEngland57 years Aug 2021- Director
Mr Matthias LutzweilerEngland57 years Aug 2021- Director

P&L

December 2023

turnover

6.2m

-17%

operating profit

-197.1k

0%

gross margin

22.9%

+5.9%

turnover

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

Balance Sheet

December 2023

net assets

3.3m

-0.05%

total assets

4.1m

-0.1%

cash

183k

-0.21%

net assets

Total assets minus all liabilities

naxos music uk limited company details

company number

02619679

Type

Private limited with Share Capital

industry

46431 - Wholesale of gramophone records, audio tapes, compact discs and video tapes and of the equipment on which these are played

incorporation date

June 1991

age

34

incorporated

UK

ultimate parent company

NAXOS GLOBAL DISTRIBUTION LTD

accounts

Small Company

last accounts submitted

December 2023

previous names

select music & video distribution limited (August 2019)

accountant

DEEKS EVANS AUDIT SERVICES LIMITED

auditor

-

address

3rd floor forum house, 41-51 brighton road, redhill, surrey, RH1 6YS

Bank

BARCLAYS BANK PLC

Legal Advisor

-

naxos music uk 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 3 charges/mortgages relating to naxos music uk limited. Currently there are 2 open charges and 1 have been satisfied in the past.

naxos music uk 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.

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naxos music uk limited Companies House Filings - See Documents

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