the midi music company
the midi music company Company Information
Company Number
02989656
Registered Address
77 watsons street, deptford london, SE8 4AU
Industry
Cultural education
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
-0%
the midi music company Estimated Valuation
Pomanda estimates the enterprise value of THE MIDI MUSIC COMPANY at £153.6k based on a Turnover of £217.4k and 0.71x industry multiple (adjusted for size and gross margin).
the midi music company Estimated Valuation
Pomanda estimates the enterprise value of THE MIDI MUSIC COMPANY at £29.4k based on an EBITDA of £8.4k and a 3.49x industry multiple (adjusted for size and gross margin).
the midi music company Estimated Valuation
Pomanda estimates the enterprise value of THE MIDI MUSIC COMPANY at £16.5k based on Net Assets of £96.7k and 0.17x industry multiple (adjusted for liquidity).
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The Midi Music Company Overview
The Midi Music Company is a live company located in deptford london, SE8 4AU with a Companies House number of 02989656. It operates in the cultural education sector, SIC Code 85520. Founded in November 1994, it's largest shareholder is unknown. The Midi Music Company is a mature, micro sized company, Pomanda has estimated its turnover at £217.4k with low growth in recent years.
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The Midi Music Company Health Check
Pomanda's financial health check has awarded The Midi Music Company a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £217.4k, make it in line with the average company (£251.1k)
£217.4k - The Midi Music Company
£251.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a similar rate (2.2%)
2% - The Midi Music Company
2.2% - Industry AVG
Production
with a gross margin of 62.4%, this company has a comparable cost of product (62.4%)
62.4% - The Midi Music Company
62.4% - Industry AVG
Profitability
an operating margin of -1.3% make it less profitable than the average company (2.3%)
-1.3% - The Midi Music Company
2.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (7)
2 - The Midi Music Company
7 - Industry AVG
Pay Structure
on an average salary of £67.7k, the company has a higher pay structure (£24.6k)
£67.7k - The Midi Music Company
£24.6k - Industry AVG
Efficiency
resulting in sales per employee of £108.7k, this is more efficient (£56.9k)
£108.7k - The Midi Music Company
£56.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - The Midi Music Company
- - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is slower than average (16 days)
27 days - The Midi Music Company
16 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Midi Music Company
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 417 weeks, this is more cash available to meet short term requirements (178 weeks)
417 weeks - The Midi Music Company
178 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 10.9%, this is a lower level of debt than the average (16.7%)
10.9% - The Midi Music Company
16.7% - Industry AVG
THE MIDI MUSIC COMPANY financials
The Midi Music Company's latest turnover from March 2023 is £217.4 thousand and the company has net assets of £96.7 thousand. According to their latest financial statements, The Midi Music Company has 2 employees and maintains cash reserves of £94.4 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 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 217,429 | 231,413 | 240,597 | 205,813 | 210,473 | 206,103 | 222,811 | 248,855 | 256,528 | 267,780 | 253,583 | 232,304 | 260,201 | 290,207 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 945 | -13,076 | 21,165 | -17,795 | -23,443 | -15,301 | -10,148 | 2,817 | 3,054 | 272 | 11,095 | -13,894 | -10,039 | -41,297 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 945 | -13,076 | 21,165 | -17,795 | -23,443 | -15,301 | -10,148 | 2,817 | 3,054 | 272 | 11,095 | -13,894 | -10,039 | -41,297 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 945 | -13,076 | 21,165 | -17,795 | -23,443 | -15,301 | -10,148 | 2,817 | 3,054 | 272 | 11,095 | -13,894 | -10,039 | -41,297 |
| Employee Costs | 135,465 | 143,895 | 152,200 | 155,333 | 149,451 | 151,910 | 157,007 | 163,630 | 174,175 | 182,473 | 166,116 | 170,183 | 175,923 | 178,286 |
| Number Of Employees | 2 | 3 | 3 | 4 | 3 | 4 | 4 | 4 | 3 | 3 | 4 | 12 | 6 | 6 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,478 | 23,687 | 34,315 | 22,785 | 26,376 | 34,875 | 44,185 | 53,614 | 52,982 | 59,285 | 66,136 | 72,865 | 83,578 | 95,317 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1 | 1 | 1 | 1 | 1 | 125,001 | 46,501 | 46,501 | 46,501 | 46,501 | 46,501 | 46,501 | 46,501 | 46,501 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 12,479 | 23,688 | 34,316 | 22,786 | 26,377 | 159,876 | 90,686 | 100,115 | 99,483 | 105,786 | 112,637 | 119,366 | 130,079 | 141,818 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 500 | 0 | 100 | 175 | 0 | 1,800 | 240 | 1,845 | 3,470 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 240 | 240 | 481 |
| Misc Debtors | 1,500 | 1,500 | 1,500 | 1,500 | 0 | 752 | 1,955 | 397 | 407 | 3,794 | 1,966 | 1,950 | 1,941 | 2,798 |
| Cash | 94,444 | 92,200 | 88,228 | 88,349 | 108,410 | 14,777 | 17,869 | 21,572 | 6,767 | 10,614 | 13,141 | 6,701 | 1,111 | 3,114 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 95,944 | 93,700 | 89,728 | 89,849 | 108,410 | 16,029 | 19,824 | 22,069 | 7,349 | 14,408 | 16,907 | 9,131 | 5,137 | 9,863 |
| total assets | 108,423 | 117,388 | 124,044 | 112,635 | 134,787 | 175,905 | 110,510 | 122,184 | 106,832 | 120,194 | 129,544 | 128,497 | 135,216 | 151,681 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,634 | 26,575 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,056 | 12,000 | 12,000 | 0 | 0 |
| Trade Creditors | 6,237 | 11,095 | 9,393 | 3,053 | 2,569 | 1,363 | 852 | 335 | 1,430 | 963 | 2,515 | 3,637 | 1,668 | 1,737 |
| 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 | 5,529 | 10,581 | 5,863 | 21,959 | 26,800 | 25,575 | 23,890 | 25,933 | 12,304 | 17,131 | 12,841 | 10,183 | 14,343 | 20,759 |
| total current liabilities | 11,766 | 21,676 | 15,256 | 25,012 | 29,369 | 26,938 | 24,742 | 26,268 | 13,734 | 30,150 | 27,356 | 25,820 | 42,645 | 49,071 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,416 | 24,000 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,416 | 24,000 | 0 | 0 |
| total liabilities | 11,766 | 21,676 | 15,256 | 25,012 | 29,369 | 26,938 | 24,742 | 26,268 | 13,734 | 30,150 | 39,772 | 49,820 | 42,645 | 49,071 |
| net assets | 96,657 | 95,712 | 108,788 | 87,623 | 105,418 | 148,967 | 85,768 | 95,916 | 93,098 | 90,044 | 89,772 | 78,677 | 92,571 | 102,610 |
| total shareholders funds | 96,657 | 95,712 | 108,788 | 87,623 | 105,418 | 148,967 | 85,768 | 95,916 | 93,098 | 90,044 | 89,772 | 78,677 | 92,571 | 102,610 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 11,209 | 11,828 | 11,528 | 8,438 | 8,499 | 9,310 | 9,429 | 9,548 | 7,003 | 7,325 | 7,208 | 10,713 | 11,739 | 12,958 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | 0 | 0 | 1,500 | -1,252 | -703 | 1,458 | -85 | -3,212 | 28 | 1,336 | -1,596 | -2,723 | 6,749 |
| Creditors | -4,858 | 1,702 | 6,340 | 484 | 1,206 | 511 | 517 | -1,095 | 467 | -1,552 | -1,122 | 1,969 | -69 | 1,737 |
| Accruals and Deferred Income | -5,052 | 4,718 | -16,096 | -4,841 | 1,225 | 1,685 | -2,043 | 13,629 | -4,827 | 4,290 | 2,658 | -4,160 | -6,416 | 20,759 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | -125,000 | 78,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 46,501 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12,056 | 56 | 0 | 12,000 | 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 | -12,416 | -11,584 | 24,000 | 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 | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| cash flow from financing | 0 | 0 | 0 | 0 | -20,106 | 78,500 | 0 | 1 | -12,056 | -11,584 | 36,000 | 0 | 143,907 | |
| cash and cash equivalents | ||||||||||||||
| cash | 2,244 | 3,972 | -121 | -20,061 | 93,633 | -3,092 | -3,703 | 14,805 | -3,847 | -2,527 | 6,440 | 5,590 | -2,003 | 3,114 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -26,634 | 59 | 26,575 |
| change in cash | 2,244 | 3,972 | -121 | -20,061 | 93,633 | -3,092 | -3,703 | 14,805 | -3,847 | -2,527 | 6,440 | 32,224 | -2,062 | -23,461 |
the midi music company Credit Report and Business Information
The Midi Music Company Competitor Analysis
Perform a competitor analysis for the midi music company by selecting its closest rivals, whether from the EDUCATION sector, other micro companies, companies in SE8 area or any other competitors across 12 key performance metrics.
the midi music company Ownership
THE MIDI MUSIC COMPANY group structure
The Midi Music Company has 1 subsidiary company.
Ultimate parent company
THE MIDI MUSIC COMPANY
02989656
1 subsidiary
the midi music company directors
The Midi Music Company currently has 7 directors. The longest serving directors include Mr Alistair Williams (Nov 1994) and Mr Geraint Howells (Sep 2002).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alistair Williams | 62 years | Nov 1994 | - | Director | |
| Mr Geraint Howells | 65 years | Sep 2002 | - | Director | |
| Ms Isabel Newman | United Kingdom | 39 years | Nov 2013 | - | Director |
| Mr Robert Fitzpatrick | England | 58 years | Dec 2020 | - | Director |
| Ms Indunil Vidyalankara | England | 51 years | Dec 2020 | - | Director |
| Mrs Claire Shomade | 37 years | Mar 2023 | - | Director | |
| Mr Mervyn Lyn | United Kingdom | 62 years | Mar 2023 | - | Director |
P&L
March 2023turnover
217.4k
-6%
operating profit
-2.8k
0%
gross margin
62.5%
+5.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
96.7k
+0.01%
total assets
108.4k
-0.08%
cash
94.4k
+0.02%
net assets
Total assets minus all liabilities
Similar Companies
the midi music company company details
company number
02989656
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85520 - Cultural education
incorporation date
November 1994
age
30
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
77 watsons street, deptford london, SE8 4AU
accountant
CARA MILLER
auditor
-
the midi music company 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 the midi music company.
the midi music company Companies House Filings - See Documents
| date | description | view/download |
|---|
