Festival Republic Limited

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festival republic limited Company Information

Live

MatureLargeHigh

Company Number

02948536

Website

www.festivalrepublic.com

Registered Address

30 st. john street, london, EC1M 4AY

Industry

Support activities to performing arts

Telephone

02070093000

Next Accounts Due

35 days late

Group Structure

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Directors

Melvin Benn27 Years

Denis Desmond19 Years

View All

Shareholders

ln-gaiety holdings ltd 100%

festival republic limited Estimated Valuation

£112.1m

Pomanda estimates the enterprise value of FESTIVAL REPUBLIC LIMITED at £112.1m based on an EBITDA of £14m and a 8.01x industry multiple (adjusted for size and gross margin).

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Festival Republic Limited is a live company located in london, EC1M 4AY with a Companies House number of 02948536. It operates in the support activities to performing arts sector, SIC Code 90020. Founded in July 1994, it's largest shareholder is ln-gaiety holdings ltd with a 100% stake. Festival Republic Limited is a mature, large sized company, Pomanda has estimated its turnover at £94.3m with high growth in recent years.

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Pomanda's financial health check has awarded Festival Republic Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

6 Strong

0 Regular

5 Weak

Size

annual sales of £94.3m, make it larger than the average company (£297.6k)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (1.8%)

EXPORT

Festival Republic Limited's latest turnover from December 2022 is £94.3 million and the company has net assets of £15.4 million. According to their latest financial statements, Festival Republic Limited has 242 employees and maintains cash reserves of £5.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	94,333,843	66,488,312	732,681	56,421,610	55,217,807	46,034,483	44,294,431	41,105,107	41,952,002	42,529,530	41,428,680	42,222,128	41,387,112	37,520,227
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	71,833,514	43,236,410	2,777,508	45,734,480	42,939,519	37,803,736	33,960,925	33,729,179	33,459,802	33,315,565	33,741,865	33,282,950	28,523,168	26,237,428
Gross Profit	22,500,329	23,251,902	-2,044,827	10,687,130	12,278,288	8,230,747	10,333,506	7,375,928	8,492,200	9,213,965	7,686,815	8,939,178	12,863,944	11,282,799
Admin Expenses	8,532,744	4,533,392	-10,416,438	3,561,364	4,696,657	3,352,534	3,333,373	3,532,799	3,029,939	2,868,357	2,691,180	2,686,097	2,620,949	3,159,005
Operating Profit	13,967,585	18,718,510	8,371,611	7,125,766	7,581,631	4,878,213	7,000,133	3,843,129	5,462,261	6,345,608	4,995,635	6,253,081	10,242,995	8,123,794
Interest Payable	501	0	1,055	0	132	51	559	0	0	338	8,683	24,948	11,287	826
Interest Receivable	346,617	49,005	58,844	125,607	202,310	71,356	48,828	17,539	30,946	31,846	35,266	21,997	14,893	27,800
Pre-Tax Profit	14,313,701	18,767,515	8,429,400	7,251,373	7,783,809	4,949,518	7,048,402	3,860,668	5,493,207	6,158,590	5,022,218	6,250,130	10,246,610	8,150,768
Tax	-2,520,669	-2,673,742	-2,816,003	-663,560	-517,258	-781,638	-733,477	-62,468	-94,808	-968,174	-922,259	-712,255	-2,571,113	-1,258,061
Profit After Tax	11,793,032	16,093,773	5,613,397	6,587,813	7,266,551	4,167,880	6,314,925	3,798,200	5,398,399	5,190,416	4,099,959	5,537,875	7,675,497	6,892,707
Dividends Paid	15,000,000	16,000,000	0	6,655,000	2,889,563	3,445,290	6,219,119	5,001,239	19,056,326	3,295,000	2,936,073	6,648,405	2,770,680	9,660,047
Retained Profit	-3,206,968	93,773	5,613,397	-67,187	4,376,988	722,590	95,806	-1,203,039	-13,657,927	1,895,416	1,163,886	-1,110,530	4,904,817	-2,767,340
Employee Costs	9,046,409	5,378,882	4,403,700	5,548,799	5,534,149	4,763,459	4,558,269	3,487,928	3,386,285	3,477,753	3,202,240	1,749,869	1,774,820	2,060,299
Number Of Employees	242	133	77	161	145	129	109	84	88	62	59	59	54	47
EBITDA*	14,002,365	18,757,061	8,416,573	7,189,212	7,716,828	5,046,779	7,151,034	3,989,719	5,616,815	6,470,576	5,206,227	6,446,036	10,428,409	8,311,796

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	9,333,472	9,368,252	9,406,803	9,451,764	9,515,210	9,650,407	9,793,263	9,801,764	9,956,687	10,111,241	10,328,039	10,340,341	9,824,166	9,955,603
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	14,139	14,139	14,139	38,362	34,401	14,139	14,139	14,139	0	0	0	0	0	0
Debtors (Due After 1 year)	106,834	57,453	154,915	299,157	396,618	447,297	544,757	642,218	739,678	837,139	934,600	1,032,060	861,406	859,715
Total Fixed Assets	9,454,445	9,439,844	9,575,857	9,789,283	9,946,229	10,111,843	10,352,159	10,458,121	10,696,365	10,948,380	11,262,639	11,372,401	10,685,572	10,815,318
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,313,808	473,869	5,715	907,990	1,459,955	1,382,532	665,520	243,381	426,319	28,480	511,033	2,286,821	892,656	1,203,807
Group Debtors	32,565,206	15,555,223	10,717,995	5,648,102	5,539,762	4,231,511	2,318,536	1,698	37,238	10,393,560	9,202,677	9,027,097	11,392,682	12,418,480
Misc Debtors	4,199,330	4,795,925	2,354,241	3,278,126	3,554,405	2,896,768	1,230,725	1,354,943	1,472,397	1,646,498	954,832	1,510,342	922,962	1,385,389
Cash	5,626,909	47,295,038	16,573,767	2,493,621	3,913,855	630,378	2,241,663	565,061	1,647,151	5,120,558	4,519,863	1,892,948	6,791,016	923,012
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	43,705,253	68,120,055	29,651,718	12,327,839	14,467,977	9,141,189	6,456,444	2,165,083	3,583,105	17,189,096	15,188,405	14,717,208	19,999,316	15,930,688
total assets	53,159,698	77,559,899	39,227,575	22,117,122	24,414,206	19,253,032	16,808,603	12,623,204	14,279,470	28,137,476	26,451,044	26,089,609	30,684,888	26,746,006
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	860,953	884,352	487,492	760,357	765,637	600,372	440,127	520,459	283,007	189,967	96,141	115,614	38,885	10,587
Group/Directors Accounts	1,645,696	563,181	1,337,980	44,097	57	55,916	11,454	124,855	374,399	34,158	44,457	34,928	80	1,367,653
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	35,214,208	57,052,331	18,681,978	8,457,820	10,726,477	10,051,697	8,523,446	4,225,374	4,436,756	4,840,364	4,903,122	5,465,836	10,007,078	9,633,738
total current liabilities	37,720,857	58,499,864	20,507,450	9,262,274	11,492,171	10,707,985	8,975,027	4,870,688	5,094,162	5,064,489	5,043,720	5,616,378	10,046,043	11,011,978
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	11,119	25,865	255,618	485,370	715,123	944,916	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	493,001	312,000	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	493,001	312,000	0	0	0	11,119	25,865	255,618	485,370	715,123	944,916	0	0
total liabilities	37,720,857	58,992,865	20,819,450	9,262,274	11,492,171	10,707,985	8,986,146	4,896,553	5,349,780	5,549,859	5,758,843	6,561,294	10,046,043	11,011,978
net assets	15,438,841	18,567,034	18,408,125	12,854,848	12,922,035	8,545,047	7,822,457	7,726,651	8,929,690	22,587,617	20,692,201	19,528,315	20,638,845	15,734,028
total shareholders funds	15,438,841	18,567,034	18,408,125	12,854,848	12,922,035	8,545,047	7,822,457	7,726,651	8,929,690	22,587,617	20,692,201	19,528,315	20,638,845	15,734,028

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	13,967,585	18,718,510	8,371,611	7,125,766	7,581,631	4,878,213	7,000,133	3,843,129	5,462,261	6,345,608	4,995,635	6,253,081	10,242,995	8,123,794
Depreciation	34,780	38,551	44,962	63,446	135,197	168,566	150,901	146,590	154,554	124,968	210,592	192,955	185,414	188,002
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,520,669	-2,673,742	-2,816,003	-663,560	-517,258	-781,638	-733,477	-62,468	-94,808	-968,174	-922,259	-712,255	-2,571,113	-1,258,061
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	17,302,708	7,649,604	3,099,491	-817,365	1,992,632	4,198,570	2,517,298	-433,392	-10,230,045	1,302,535	-2,253,178	-213,386	-1,797,685	15,867,391
Creditors	-23,399	396,860	-272,865	-5,280	165,265	160,245	-80,332	237,452	93,040	93,826	-19,473	76,729	28,298	10,587
Accruals and Deferred Income	-21,838,123	38,370,353	10,224,158	-2,268,657	674,780	1,517,132	4,283,326	-441,135	-633,360	-292,511	-792,507	-3,596,326	373,340	9,633,738
Deferred Taxes & Provisions	-493,001	181,001	312,000	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-28,175,535	47,381,929	12,764,372	5,069,080	6,046,983	1,743,948	8,103,253	4,156,960	15,211,732	4,001,182	5,725,166	2,427,570	10,056,619	830,669
Investing Activities
capital expenditure	0	0	-1	0	0	-25,710	-142,400	8,333	0	91,830	-198,290	-709,130	-53,977	-10,143,605
Change in Investments	0	0	-24,223	3,961	20,262	0	0	14,139	0	0	0	0	0	0
cash flow from investments	0	0	24,222	-3,961	-20,262	-25,710	-142,400	-5,806	0	91,830	-198,290	-709,130	-53,977	-10,143,605
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	1,082,515	-774,799	1,293,883	44,040	-55,859	44,462	-113,401	-249,544	340,241	-10,299	9,529	34,848	-1,367,573	1,367,653
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	0	0	0	0	0	0	0
share issue	78,775	65,136	-60,120	0	0	0	0	0	0	0	0	0	0	18,501,368
interest	346,116	49,005	57,789	125,607	202,178	71,305	48,269	17,539	30,946	31,508	26,583	-2,951	3,606	26,974
cash flow from financing	1,507,406	-660,658	1,291,552	169,647	146,319	115,767	-65,132	-232,005	371,187	21,209	36,112	31,897	-1,363,967	19,895,995
cash and cash equivalents
cash	-41,668,129	30,721,271	14,080,146	-1,420,234	3,283,477	-1,611,285	1,676,602	-1,082,090	-3,473,407	600,695	2,626,915	-4,898,068	5,868,004	923,012
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-41,668,129	30,721,271	14,080,146	-1,420,234	3,283,477	-1,611,285	1,676,602	-1,082,090	-3,473,407	600,695	2,626,915	-4,898,068	5,868,004	923,012

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FESTIVAL REPUBLIC LIMITED group structure

Festival Republic Limited has 2 subsidiary companies.

Ultimate parent company

ATTLEBOROUGH LIMITED

IE079740

LN-GAIETY HOLDINGS LIMITED

05322257

2 parents

FESTIVAL REPUBLIC LIMITED

02948536

2 subsidiaries

FREH LIMITED

13387250

ONBLACKHEATH LIMITED

07308215

FESTIVAL REPUBLIC LIMITED Shareholders

ln-gaiety holdings ltd

100%

Festival Republic Limited currently has 6 directors. The longest serving directors include Mr Melvin Benn (Dec 1996) and Mr Denis Desmond (Oct 2005).

officer	country	age	start	end	role
Mr Melvin Benn	England	69 years	Dec 1996	-	Director
Mr Denis Desmond	England	71 years	Oct 2005	-	Director
Mr Denis Desmond	United Kingdom	71 years	Oct 2005	-	Director
Mr Stuart Douglas	England	57 years	Jul 2006	-	Director
Ms Selina Emeny	England	56 years	Aug 2018	-	Director
Ms Lynn Lavelle	England	47 years	Apr 2019	-	Director

P&L

December 2022

turnover

94.3m

+42%

operating profit

14m

-25%

gross margin

23.9%

-31.8%

turnover

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

Balance Sheet

December 2022

net assets

15.4m

-0.17%

total assets

53.2m

-0.31%

cash

5.6m

-0.88%

net assets

Total assets minus all liabilities

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company number

02948536

Type

Private limited with Share Capital

industry

90020 - Support activities to performing arts

incorporation date

July 1994

ultimate parent company

ATTLEBOROUGH LIMITED

previous names

reading festival limited (December 2007)

reading festival (1995) limited (October 1996)

address

30 st. john street, london, EC1M 4AY

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 festival republic limited. Currently there are 0 open charges and 2 have been satisfied in the past.

festival republic limited Company Information

festival republic limited Estimated Valuation

festival republic limited Estimated Valuation

festival republic limited Estimated Valuation

Festival Republic Limited Overview

Festival Republic Limited Health Check

FESTIVAL REPUBLIC LIMITED financials

festival republic limited Credit Report and Business Information

Festival Republic Limited Competitor Analysis

festival republic limited Ownership

festival republic limited directors

festival republic limited company details

festival republic limited Charges & Mortgages

festival republic limited Companies House Filings - See Documents