Warp Records Limited

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warp records limited Company Information

Live

MatureMidHealthy

Company Number

02793717

Website

www.warp.net

Registered Address

spectrum house, 32 - 34 gordon house road, london, NW5 1LP

Industry

Sound recording and music publishing activities

Telephone

02072848350

Next Accounts Due

March 2025

Group Structure

View All

Directors

Kevin Fleming21 Years

Shareholders

warp group ltd 100%

warp records limited Estimated Valuation

£6.8m

Pomanda estimates the enterprise value of WARP RECORDS LIMITED at £6.8m based on a Turnover of £10.4m and 0.65x industry multiple (adjusted for size and gross margin).

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Warp Records Limited is a live company located in london, NW5 1LP with a Companies House number of 02793717. It operates in the sound recording and music publishing activities sector, SIC Code 59200. Founded in February 1993, it's largest shareholder is warp group ltd with a 100% stake. Warp Records Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Warp Records Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £10.4m, make it larger than the average company (£496.9k)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (9.7%)

EXPORT

Warp Records Limited's latest turnover from June 2023 is £10.4 million and the company has net assets of £5.5 million. According to their latest financial statements, Warp Records Limited has 36 employees and maintains cash reserves of £630.9 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	10,376,877	9,605,128	8,874,769	8,767,737	12,987,045	12,149,474	13,337,518	15,866,330	17,262,477	12,545,270	18,921,935	8,924,448	12,789,378	10,906,941
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,413,521	6,621,673	5,849,141	5,700,327	6,875,164	6,296,558	7,416,366	8,041,347	8,594,381	6,674,167	9,989,590	4,488,158	6,969,530	5,634,233
Gross Profit	2,963,356	2,983,455	3,025,628	3,067,410	6,111,881	5,852,916	5,921,152	7,824,982	8,668,097	5,871,102	8,932,345	4,436,290	5,819,848	5,272,707
Admin Expenses	2,922,238	2,183,633	2,729,612	2,264,767	5,844,440	4,657,132	5,254,729	7,025,991	8,080,420	5,698,200	8,542,159	4,705,486	5,604,488	4,334,833
Operating Profit	41,118	799,822	296,016	802,643	267,441	1,195,784	666,423	798,991	587,677	172,902	390,186	-269,196	215,360	937,874
Interest Payable	8,652	5,201	3,300	2,848	0	0	0	0	0	0	0	0	0	0
Interest Receivable	43,474	118	24	305	7,066	5,746	2,290	6,880	5,748	3,468	3,405	2,693	3,278	2,001
Pre-Tax Profit	75,940	794,739	292,740	800,100	274,507	1,201,531	668,714	805,871	593,425	176,370	393,591	-266,503	218,638	939,875
Tax	-23,441	-16,217	-123,320	17,258	-52,156	-228,291	-127,056	-161,174	-118,685	-37,038	-90,526	0	-56,846	-263,165
Profit After Tax	52,499	778,522	169,420	817,358	222,351	973,240	541,658	644,697	474,740	139,332	303,065	-266,503	161,792	676,710
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	52,499	778,522	169,420	817,358	222,351	973,240	541,658	644,697	474,740	139,332	303,065	-266,503	161,792	676,710
Employee Costs	1,948,192	1,672,759	1,660,380	1,442,161	1,494,611	1,282,237	1,080,599	1,095,577	3,495,684	2,532,604	4,130,386	1,797,371	2,345,556	2,793,768
Number Of Employees	36	32	36	29	33	27	26	24	73	53	81	40	50	59
EBITDA*	46,746	861,867	402,429	931,097	426,316	1,302,668	705,097	814,265	599,115	186,162	405,296	-252,158	224,343	952,566

* 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	6,607	12,235	26,589	68,231	121,444	208,779	235,057	51,634	25,520	17,229	17,940	26,038	30,995	21,639
Intangible Assets	0	0	47,691	111,280	174,868	238,456	302,044	0	1,740	5,916	10,092	14,269	18,445	22,969
Investments & Other	10	10	10	10	3	4	4	4	4	4	4	2	2	2
Debtors (Due After 1 year)	1,207,654	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,214,271	12,245	74,290	179,521	296,315	447,239	537,105	51,638	27,264	23,149	28,036	40,309	49,442	44,610
Stock & work in progress	309,321	277,604	166,116	229,700	110,157	174,484	160,570	178,633	151,962	187,650	169,844	161,313	231,615	237,164
Trade Debtors	1,126,645	1,153,790	2,190,332	1,959,439	2,395,236	1,876,703	2,101,021	2,341,868	2,393,807	2,059,503	2,628,800	1,497,415	1,940,640	1,564,721
Group Debtors	4,377,841	7,258,835	6,041,137	4,249,843	3,616,959	2,413,869	1,900,751	810,244	0	0	0	0	0	0
Misc Debtors	1,913,780	1,254,463	1,555,941	838,186	747,616	623,133	185,135	422,809	0	0	0	0	0	0
Cash	630,899	1,375,387	1,023,544	908,149	373,109	1,511,206	787,366	1,044,726	1,707,335	591,813	795,408	566,506	510,741	800,550
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	8,358,486	11,320,079	10,977,070	8,185,317	7,243,077	6,599,395	5,134,843	4,798,280	4,253,104	2,838,966	3,594,052	2,225,234	2,682,996	2,602,435
total assets	9,572,757	11,332,324	11,051,360	8,364,838	7,539,392	7,046,634	5,671,948	4,849,918	4,280,368	2,862,115	3,622,088	2,265,543	2,732,438	2,647,045
Bank overdraft	97,434	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	120,000	60,000	60,000	0	0	0	0	0	0	0	0	0	0
Trade Creditors	737,811	689,123	638,773	560,757	678,100	2,292,189	1,934,771	1,838,537	2,778,575	1,837,003	2,736,511	1,681,072	1,880,644	1,960,513
Group/Directors Accounts	916,792	2,617,329	1,772,052	390,108	1,109,169	11,638	0	48,037	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	2,293,733	2,419,373	3,692,558	2,404,682	1,270,045	1,048,747	1,012,062	810,977	0	0	0	0	0	0
total current liabilities	4,045,770	5,845,825	6,163,383	3,415,547	3,057,314	3,352,574	2,946,833	2,697,551	2,778,575	1,837,003	2,736,511	1,681,072	1,880,644	1,960,513
loans	0	0	180,000	240,000	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	486,525	0	0	0	0	0	0	0	0	0
provisions	0	12,011	12,011	12,011	115,631	36,489	40,784	9,694	3,817	1,876	1,673	3,632	4,452	982
total long term liabilities	0	12,011	192,011	252,011	602,156	36,489	40,784	9,694	3,817	1,876	1,673	3,632	4,452	982
total liabilities	4,045,770	5,857,836	6,355,394	3,667,558	3,659,470	3,389,063	2,987,617	2,707,245	2,782,392	1,838,879	2,738,184	1,684,704	1,885,096	1,961,495
net assets	5,526,987	5,474,488	4,695,966	4,697,280	3,879,922	3,657,571	2,684,331	2,142,673	1,497,976	1,023,236	883,904	580,839	847,342	685,550
total shareholders funds	5,526,987	5,474,488	4,695,966	4,697,280	3,879,922	3,657,571	2,684,331	2,142,673	1,497,976	1,023,236	883,904	580,839	847,342	685,550

	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	41,118	799,822	296,016	802,643	267,441	1,195,784	666,423	798,991	587,677	172,902	390,186	-269,196	215,360	937,874
Depreciation	5,628	14,354	42,824	64,866	95,287	43,296	22,777	13,534	7,262	9,084	10,934	12,862	4,459	12,604
Amortisation	0	47,691	63,589	63,588	63,588	63,588	15,897	1,740	4,176	4,176	4,176	4,176	4,524	2,088
Tax	-23,441	-16,217	-123,320	17,258	-52,156	-228,291	-127,056	-161,174	-118,685	-37,038	-90,526	0	-56,846	-263,165
Stock	31,717	111,488	-63,584	119,543	-64,327	13,914	-18,063	26,671	-35,688	17,806	8,531	-70,302	-5,549	237,164
Debtors	-1,041,168	-120,322	2,739,942	287,657	1,846,106	726,798	611,986	1,181,114	334,304	-569,297	1,131,385	-443,225	375,919	1,564,721
Creditors	48,688	50,350	78,016	-117,343	-1,614,089	357,418	96,234	-940,038	941,572	-899,508	1,055,439	-199,572	-79,869	1,960,513
Accruals and Deferred Income	-125,640	-1,273,185	1,287,876	1,134,637	221,298	36,685	201,085	810,977	0	0	0	0	0	0
Deferred Taxes & Provisions	-12,011	0	0	-103,620	79,142	-4,295	31,090	5,877	1,941	203	-1,959	-820	3,470	982
Cash flow from operations	943,793	-368,351	-1,031,357	1,454,829	-2,721,268	723,473	312,527	-677,878	1,125,327	-198,690	228,334	60,977	-279,272	849,011
Investing Activities
capital expenditure	0	0	-1,182	-11,653	-7,952	-17,018	-524,141	-39,648	-15,553	-8,373	-2,835	-7,905	-13,815	-59,300
Change in Investments	0	0	0	7	-1	0	0	0	0	0	2	0	0	2
cash flow from investments	0	0	-1,182	-11,660	-7,951	-17,018	-524,141	-39,648	-15,553	-8,373	-2,837	-7,905	-13,815	-59,302
Financing Activities
Bank loans	-120,000	60,000	0	60,000	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-1,700,537	845,277	1,381,944	-719,061	1,097,531	11,638	-48,037	48,037	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	-180,000	-60,000	240,000	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	-486,525	486,525	0	0	0	0	0	0	0	0	0
share issue	0	0	-170,734	0	0	0	0	0	0	0	0	0	0	8,840
interest	34,822	-5,083	-3,276	-2,543	7,066	5,746	2,290	6,880	5,748	3,468	3,405	2,693	3,278	2,001
cash flow from financing	-1,785,715	720,194	1,147,934	-908,129	1,591,122	17,384	-45,747	54,917	5,748	3,468	3,405	2,693	3,278	10,841
cash and cash equivalents
cash	-744,488	351,843	115,395	535,040	-1,138,097	723,840	-257,360	-662,609	1,115,522	-203,595	228,902	55,765	-289,809	800,550
overdraft	97,434	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-841,922	351,843	115,395	535,040	-1,138,097	723,840	-257,360	-662,609	1,115,522	-203,595	228,902	55,765	-289,809	800,550

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WARP RECORDS LIMITED group structure

Warp Records Limited has 3 subsidiary companies.

Ultimate parent company

WARP GROUP LIMITED

05475884

1 parent

WARP RECORDS LIMITED

02793717

3 subsidiaries

WARP MANAGEMENT LIMITED

07182608

LUCKYME RECORDS TWO LTD

08692575

BLEEP LIMITED

06684190

WARP RECORDS LIMITED Shareholders

warp group ltd

100%

Warp Records Limited currently has 1 director, Mr Kevin Fleming serving since Jul 2003.

officer	country	age	start	end	role
Mr Kevin Fleming		64 years	Jul 2003	-	Director

P&L

June 2023

turnover

10.4m

+8%

operating profit

41.1k

-95%

gross margin

28.6%

-8.06%

turnover

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

Balance Sheet

June 2023

net assets

5.5m

+0.01%

total assets

9.6m

-0.16%

cash

630.9k

-0.54%

net assets

Total assets minus all liabilities

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company number

02793717

Type

Private limited with Share Capital

industry

59200 - Sound recording and music publishing activities

incorporation date

February 1993

ultimate parent company

WARP GROUP LIMITED

previous names

N/A

address

spectrum house, 32 - 34 gordon house road, london, NW5 1LP

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 2 charges/mortgages relating to warp records limited. Currently there are 2 open charges and 0 have been satisfied in the past.

warp records limited Company Information

warp records limited Estimated Valuation

warp records limited Estimated Valuation

warp records limited Estimated Valuation

Warp Records Limited Overview

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WARP RECORDS LIMITED financials

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