Glastonbury Festivals Limited

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glastonbury festivals limited Company Information

Live

MatureMidDeclining

Company Number

02737866

Website

www.glastonburyfestivals.co.uk

Registered Address

worthy farm, pilton, shepton mallet, somerset, BA4 4BY

Industry

Artistic creation

Telephone

01749890470

Next Accounts Due

December 2024

Group Structure

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Directors

Athelston Eavis32 Years

Emily Eavis6 Years

Shareholders

mr athelstan joseph michael eavis 74.3%

a j m eavis life interest 18.3%

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glastonbury festivals limited Estimated Valuation

£8.5m

Pomanda estimates the enterprise value of GLASTONBURY FESTIVALS LIMITED at £8.5m based on a Turnover of £16.6m and 0.52x industry multiple (adjusted for size and gross margin).

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Glastonbury Festivals Limited is a live company located in shepton mallet, BA4 4BY with a Companies House number of 02737866. It operates in the artistic creation sector, SIC Code 90030. Founded in August 1992, it's largest shareholder is mr athelstan joseph michael eavis with a 74.3% stake. Glastonbury Festivals Limited is a mature, mid sized company, Pomanda has estimated its turnover at £16.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Glastonbury Festivals Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £16.6m, make it larger than the average company (£292.9k)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (4.2%)

EXPORT

Glastonbury Festivals Limited's latest turnover from March 2023 is estimated at £16.6 million and the company has net assets of £4.7 million. According to their latest financial statements, Glastonbury Festivals Limited has 9 employees and maintains cash reserves of £609.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	16,553,355	10,653,437	10,941,099	23,488,483	8,481,446	26,361,184	12,403,532	1,163,491	21,895,357	12,064,445	14,532,684	19,515,509	8,472,215	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	8,542,487	4,981,342	5,341,706	10,086,059	3,974,152	12,034,656	5,540,279	503,348	9,439,301	4,899,357	6,095,757	8,593,465	3,859,917	0
Gross Profit	8,010,868	5,672,095	5,599,392	13,402,424	4,507,294	14,326,528	6,863,253	660,142	12,456,056	7,165,088	8,436,927	10,922,045	4,612,298	0
Admin Expenses	8,137,494	5,835,602	6,331,045	12,612,664	4,672,364	13,087,511	1,570,809	-14,468	11,503,005	6,675,841	8,874,448	10,020,353	4,403,830	-1,349,736
Operating Profit	-126,626	-163,507	-731,653	789,760	-165,070	1,239,017	5,292,444	674,610	953,051	489,247	-437,521	901,692	208,468	1,349,736
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	28,020	5,871	516	549	4,032	1,009	312	769	500	275	229	281	571	485
Pre-Tax Profit	-98,606	-157,636	-731,137	790,309	-161,038	1,240,026	5,292,756	675,379	953,551	489,522	-437,292	901,973	209,039	1,350,221
Tax	0	0	0	-150,159	0	-235,605	-1,058,551	-135,076	-200,246	-112,590	0	-234,513	-58,531	-378,062
Profit After Tax	-98,606	-157,636	-731,137	640,150	-161,038	1,004,421	4,234,205	540,303	753,305	376,932	-437,292	667,460	150,508	972,159
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-98,606	-157,636	-731,137	640,150	-161,038	1,004,421	4,234,205	540,303	753,305	376,932	-437,292	667,460	150,508	972,159
Employee Costs	232,431	179,207	178,485	219,156	220,430	197,772	178,271	170,213	7,333,743	3,939,570	5,255,531	6,972,816	2,679,044	0
Number Of Employees	9	7	7	9	9	8	7	6	253	135	183	251	100	0
EBITDA*	576,391	518,396	-57,581	1,278,735	209,078	1,442,203	5,759,550	1,141,701	1,363,202	618,521	-298,697	1,071,548	395,481	1,536,010

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	3,040,336	3,235,573	3,433,472	3,083,103	2,787,810	2,183,167	2,238,188	2,516,890	2,422,591	1,813,347	1,726,007	469,242	588,339	518,565
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	3,040,336	3,235,573	3,433,472	3,083,103	2,787,810	2,183,167	2,238,188	2,516,890	2,422,591	1,813,347	1,726,007	469,242	588,339	518,565
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,721,094	1,060,018	979,659	2,752,105	970,228	3,189,134	1,503,201	117,400	1,815,903	1,046,819	1,289,170	1,947,058	822,180	573,315
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	41,290	36,209	254,048	35,293	631,576	123,148	1,131,926	1,740,453	0	0	0	0	0	0
Cash	609,289	709,313	856,388	175,791	921,682	153,521	249,903	204,335	103,146	96,896	13,188	78,244	34,187	194,012
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,371,673	1,805,540	2,090,095	2,963,189	2,523,486	3,465,803	2,885,030	2,062,188	1,919,049	1,143,715	1,302,358	2,025,302	856,367	767,327
total assets	5,412,009	5,041,113	5,523,567	6,046,292	5,311,296	5,648,970	5,123,218	4,579,078	4,341,640	2,957,062	3,028,365	2,494,544	1,444,706	1,285,892
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	240,002	19,119	14,229	35,854	7,955	15,784	11,268	55,918	618,524	354,261	478,757	662,832	263,061	277,711
Group/Directors Accounts	0	0	0	0	0	0	0	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	377,210	70,787	296,223	96,202	60,215	254,771	781,756	838,816	0	0	0	0	0	0
total current liabilities	617,212	89,906	310,452	132,056	68,170	270,555	793,024	894,734	618,524	354,261	478,757	662,832	263,061	277,711
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	630,000	816,667	1,166,667	0	0	0
provisions	64,338	122,142	226,414	196,398	165,438	139,689	95,889	660,869	609,944	56,267	30,006	41,485	58,878	35,922
total long term liabilities	64,338	122,142	226,414	196,398	165,438	139,689	95,889	660,869	1,239,944	872,934	1,196,673	41,485	58,878	35,922
total liabilities	681,550	212,048	536,866	328,454	233,608	410,244	888,913	1,555,603	1,858,468	1,227,195	1,675,430	704,317	321,939	313,633
net assets	4,730,459	4,829,065	4,986,701	5,717,838	5,077,688	5,238,726	4,234,305	3,023,475	2,483,172	1,729,867	1,352,935	1,790,227	1,122,767	972,259
total shareholders funds	4,730,459	4,829,065	4,986,701	5,717,838	5,077,688	5,238,726	4,234,305	3,023,475	2,483,172	1,729,867	1,352,935	1,790,227	1,122,767	972,259

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-126,626	-163,507	-731,653	789,760	-165,070	1,239,017	5,292,444	674,610	953,051	489,247	-437,521	901,692	208,468	1,349,736
Depreciation	703,017	681,903	674,072	488,975	374,148	203,186	467,106	467,091	410,151	129,274	138,824	169,856	187,013	186,274
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-150,159	0	-235,605	-1,058,551	-135,076	-200,246	-112,590	0	-234,513	-58,531	-378,062
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	666,157	-137,480	-1,553,691	1,185,594	-1,710,478	677,155	2,635,127	41,950	769,084	-242,351	-657,888	1,124,878	248,865	573,315
Creditors	220,883	4,890	-21,625	27,899	-7,829	4,516	11,268	-562,606	264,263	-124,496	-184,075	399,771	-14,650	277,711
Accruals and Deferred Income	306,423	-225,436	200,021	35,987	-194,556	-526,985	781,756	838,816	0	0	0	0	0	0
Deferred Taxes & Provisions	-57,804	-104,272	30,016	30,960	25,749	43,800	95,889	50,925	553,677	26,261	-11,479	-17,393	22,956	35,922
Cash flow from operations	379,736	331,058	1,704,522	37,828	1,742,920	50,774	2,954,785	1,291,810	1,211,812	650,047	163,637	94,535	96,391	898,266
Investing Activities
capital expenditure	-507,780	-484,004	-1,024,441	-784,268	-978,791	-148,165	-2,705,294	-561,390	-1,019,395	-216,614	-1,395,589	-50,759	-256,787	-704,839
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-507,780	-484,004	-1,024,441	-784,268	-978,791	-148,165	-2,705,294	-561,390	-1,019,395	-216,614	-1,395,589	-50,759	-256,787	-704,839
Financing Activities
Bank loans	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	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	-630,000	-186,667	-350,000	1,166,667	0	0	0
share issue	0	0	0	0	0	0	100	0	0	0	0	0	0	100
interest	28,020	5,871	516	549	4,032	1,009	312	769	500	275	229	281	571	485
cash flow from financing	28,020	5,871	516	549	4,032	1,009	412	-629,231	-186,167	-349,725	1,166,896	281	571	585
cash and cash equivalents
cash	-100,024	-147,075	680,597	-745,891	768,161	-96,382	249,903	101,189	6,250	83,708	-65,056	44,057	-159,825	194,012
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-100,024	-147,075	680,597	-745,891	768,161	-96,382	249,903	101,189	6,250	83,708	-65,056	44,057	-159,825	194,012

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLASTONBURY FESTIVALS LIMITED group structure

Glastonbury Festivals Limited has no subsidiary companies.

Ultimate parent company

GLASTONBURY FESTIVALS LIMITED

02737866

GLASTONBURY FESTIVALS LIMITED Shareholders

mr athelstan joseph michael eavis	74.33%
a j m eavis life interest	18.33%
dr patrick michael eavis	3.67%
emily rose eavis	1.83%
miss emily rose eavis	1.83%

Glastonbury Festivals Limited currently has 2 directors. The longest serving directors include Mr Athelston Eavis (Aug 1992) and Ms Emily Eavis (Sep 2018).

officer	country	age	start	end	role
Mr Athelston Eavis		88 years	Aug 1992	-	Director
Ms Emily Eavis	England	45 years	Sep 2018	-	Director

P&L

March 2023

turnover

16.6m

+55%

operating profit

-126.6k

gross margin

48.4%

-9.11%

turnover

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

Balance Sheet

March 2023

net assets

4.7m

-0.02%

total assets

5.4m

+0.07%

cash

609.3k

-0.14%

net assets

Total assets minus all liabilities

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company number

02737866

Type

Private limited with Share Capital

industry

90030 - Artistic creation

incorporation date

August 1992

accounts

Total Exemption Full

ultimate parent company

None

previous names

glastonbury festivals (1993) limited (January 1993)

last accounts submitted

March 2023

address

worthy farm, pilton, shepton mallet, somerset, BA4 4BY

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glastonbury festivals limited Company Information

glastonbury festivals limited Estimated Valuation

glastonbury festivals limited Estimated Valuation

glastonbury festivals limited Estimated Valuation

Glastonbury Festivals Limited Overview

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GLASTONBURY FESTIVALS LIMITED financials

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