ignition records limited

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ignition records limited Company Information

Share IGNITION RECORDS LIMITED
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MatureMidDeclining

Company Number

02972722

Registered Address

88-90 baker street, london, W1U 6TQ

Industry

Sound recording and music publishing activities

 

Telephone

-

Next Accounts Due

September 2024

Group Structure

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Directors

Alexander McKinlay29 Years

John Russell29 Years

Shareholders

john marcus russell 50%

alexander peter fleming mckinlay 50%

ignition records limited Estimated Valuation

£3.3m

Pomanda estimates the enterprise value of IGNITION RECORDS LIMITED at £3.3m based on a Turnover of £5.6m and 0.58x industry multiple (adjusted for size and gross margin).

ignition records limited Estimated Valuation

£421.4k

Pomanda estimates the enterprise value of IGNITION RECORDS LIMITED at £421.4k based on an EBITDA of £130.8k and a 3.22x industry multiple (adjusted for size and gross margin).

ignition records limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of IGNITION RECORDS LIMITED at £1.8m based on Net Assets of £1.1m and 1.67x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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Ignition Records Limited Overview

Ignition Records Limited is a live company located in london, W1U 6TQ with a Companies House number of 02972722. It operates in the sound recording and music publishing activities sector, SIC Code 59200. Founded in September 1994, it's largest shareholder is john marcus russell with a 50% stake. Ignition Records Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.6m with declining growth in recent years.

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Ignition Records Limited Health Check

Pomanda's financial health check has awarded Ignition Records Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £5.6m, make it larger than the average company (£638.6k)

£5.6m - Ignition Records Limited

£638.6k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (8.1%)

-12% - Ignition Records Limited

8.1% - Industry AVG

production

Production

with a gross margin of 42.4%, this company has a comparable cost of product (42.4%)

42.4% - Ignition Records Limited

42.4% - Industry AVG

profitability

Profitability

an operating margin of 2.3% make it less profitable than the average company (6.8%)

2.3% - Ignition Records Limited

6.8% - Industry AVG

employees

Employees

with 5 employees, this is above the industry average (4)

5 - Ignition Records Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £48.3k, the company has an equivalent pay structure (£48.3k)

£48.3k - Ignition Records Limited

£48.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1.1m, this is more efficient (£132.1k)

£1.1m - Ignition Records Limited

£132.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 41 days, this is later than average (31 days)

41 days - Ignition Records Limited

31 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 139 days, this is slower than average (41 days)

139 days - Ignition Records Limited

41 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Ignition Records Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 70 weeks, this is more cash available to meet short term requirements (30 weeks)

70 weeks - Ignition Records Limited

30 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 53.4%, this is a lower level of debt than the average (75.4%)

53.4% - Ignition Records Limited

75.4% - Industry AVG

ignition records 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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Ignition Records Limited Competitor Analysis

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Perform a competitor analysis for ignition records limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

ignition records limited Ownership

IGNITION RECORDS LIMITED group structure

Ignition Records Limited has no subsidiary companies.

Ultimate parent company

IGNITION RECORDS LIMITED

02972722

IGNITION RECORDS LIMITED Shareholders

john marcus russell 50%
alexander peter fleming mckinlay 50%

ignition records limited directors

Ignition Records Limited currently has 2 directors. The longest serving directors include Mr Alexander McKinlay (Sep 1994) and Mr John Russell (Sep 1994).

officercountryagestartendrole
Mr Alexander McKinlay57 years Sep 1994- Director
Mr John Russell70 years Sep 1994- Director

IGNITION RECORDS LIMITED financials

EXPORTms excel logo

Ignition Records Limited's latest turnover from December 2022 is estimated at £5.6 million and the company has net assets of £1.1 million. According to their latest financial statements, Ignition Records Limited has 5 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover5,629,6314,107,4963,021,7228,133,3895,694,1863,755,3475,303,1267,255,2743,038,2606,031,2383,175,3583,162,6341,384,0840
Other Income Or Grants00000000000000
Cost Of Sales3,243,5442,501,7321,718,8084,480,5733,225,8792,093,6712,932,1403,700,3271,602,7723,528,0341,860,3121,852,858785,1180
Gross Profit2,386,0871,605,7641,302,9143,652,8162,468,3061,661,6762,370,9863,554,9471,435,4882,503,2031,315,0461,309,777598,9660
Admin Expenses2,258,6161,496,1201,094,3643,517,4672,299,7631,488,9692,270,4153,052,8011,335,1382,547,9871,312,1081,026,942490,823537,075
Operating Profit127,471109,644208,550135,349168,543172,707100,571502,146100,350-44,7842,938282,835108,143-537,075
Interest Payable00000000000000
Interest Receivable51,1873,1099464,9205,4224,0891,9002,8992,1821,5931,0269151,051510
Pre-Tax Profit178,658112,753209,496140,269173,964176,796102,471505,045102,532-43,1913,964283,750109,194-536,565
Tax-33,945-21,423-39,804-26,651-33,053-33,591-20,494-101,009-21,5320-951-73,775-30,5740
Profit After Tax144,71391,330169,692113,618140,911143,20581,977404,03681,000-43,1913,013209,97578,620-536,565
Dividends Paid00000000000000
Retained Profit144,71391,330169,692113,618140,911143,20581,977404,03681,000-43,1913,013209,97578,620-536,565
Employee Costs241,620184,487192,696191,336238,311210,760308,068376,195523,3611,201,282434,920514,976231,4950
Number Of Employees544455781125101150
EBITDA*130,774111,664210,641137,956171,341175,357103,184504,458101,677-43,6853,149282,835108,143-537,075

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets7,7303,3713,6315,0226,8224,4425,8406,6164,0084,191852666
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets7,7303,3713,6315,0226,8224,4425,8406,6164,0084,191852666
Stock & work in progress000000000008424,7113,457
Trade Debtors632,942763,392470,7161,099,222738,781491,397535,288964,137352,195697,477353,269393,22786,28421,952
Group Debtors00000000000000
Misc Debtors00000000000000
Cash1,686,1751,238,7951,248,616644,341667,612778,157857,503662,838496,579376,167260,973149,432216,578203,851
misc current assets00000000000000
total current assets2,319,1172,002,1871,719,3321,743,5631,406,3931,269,5541,392,7911,626,975848,7741,073,644614,242543,501307,573229,260
total assets2,326,8472,005,5581,722,9631,748,5851,413,2151,273,9961,398,6311,633,591852,7821,077,835615,094543,507307,579229,266
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 1,241,5441,065,796874,4821,069,532847,438849,5821,117,1561,433,8801,058,4301,364,483858,551790,477764,524764,831
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities00000000000000
total current liabilities1,241,5441,065,796874,4821,069,532847,438849,5821,117,1561,433,8801,058,4301,364,483858,551790,477764,524764,831
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions1,4696416909541,2968441,1101,323000000
total long term liabilities1,4696416909541,2968441,1101,323000000
total liabilities1,243,0131,066,437875,1721,070,486848,734850,4261,118,2661,435,2031,058,4301,364,483858,551790,477764,524764,831
net assets1,083,834939,121847,791678,099564,481423,570280,365198,388-205,648-286,648-243,457-246,970-456,945-535,565
total shareholders funds1,083,834939,121847,791678,099564,481423,570280,365198,388-205,648-286,648-243,457-246,970-456,945-535,565
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit127,471109,644208,550135,349168,543172,707100,571502,146100,350-44,7842,938282,835108,143-537,075
Depreciation3,3032,0202,0912,6072,7982,6502,6132,3121,3271,099211000
Amortisation00000000000000
Tax-33,945-21,423-39,804-26,651-33,053-33,591-20,494-101,009-21,5320-951-73,775-30,5740
Stock0000000000-842-3,8691,2543,457
Debtors-130,450292,676-628,506360,441247,384-43,891-428,849611,942-345,282344,208-39,958306,94364,33221,952
Creditors175,748191,314-195,050222,094-2,144-267,574-316,724375,450-306,053505,93268,07425,953-307764,831
Accruals and Deferred Income00000000000000
Deferred Taxes & Provisions828-49-264-342452-266-2131,323000000
Cash flow from operations403,855-11,170604,029-27,384-110,788-82,183194,602168,280119,374118,039111,072-68,06111,676202,347
Investing Activities
capital expenditure-7,662-1,760-700-807-5,178-1,252-1,837-4,920-1,144-4,438-1,05700-6
Change in Investments00000000000000
cash flow from investments-7,662-1,760-700-807-5,178-1,252-1,837-4,920-1,144-4,438-1,05700-6
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue0000000000500001,000
interest51,1873,1099464,9205,4224,0891,9002,8992,1821,5931,0269151,051510
cash flow from financing51,1873,1099464,9205,4224,0891,9002,8992,1821,5931,5269151,0511,510
cash and cash equivalents
cash447,380-9,821604,275-23,271-110,545-79,346194,665166,259120,412115,194111,541-67,14612,727203,851
overdraft00000000000000
change in cash447,380-9,821604,275-23,271-110,545-79,346194,665166,259120,412115,194111,541-67,14612,727203,851

P&L

December 2022

turnover

5.6m

+37%

operating profit

127.5k

0%

gross margin

42.4%

+8.42%

turnover

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

Balance Sheet

December 2022

net assets

1.1m

+0.15%

total assets

2.3m

+0.16%

cash

1.7m

+0.36%

net assets

Total assets minus all liabilities

ignition records limited company details

company number

02972722

Type

Private limited with Share Capital

industry

59200 - Sound recording and music publishing activities

incorporation date

September 1994

age

30

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

88-90 baker street, london, W1U 6TQ

last accounts submitted

December 2022

ignition records 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 did not find charges/mortgages relating to ignition records limited.

charges

ignition records limited Companies House Filings - See Documents

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