Proper Records Limited

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proper records limited Company Information

Live

MatureSmallHigh

Company Number

03029900

Website

www.propermusic.com

Registered Address

1-5 applegarth drive questor, dartford, kent, DA1 1JD

Industry

Sound recording and music publishing activities

Telephone

02086765180

Next Accounts Due

26 days late

Group Structure

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Directors

Andrew Hill13 Years

Shareholders

proper music group ltd 100%

proper records limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of PROPER RECORDS LIMITED at £1.3m based on a Turnover of £2.1m and 0.63x industry multiple (adjusted for size and gross margin).

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Proper Records Limited is a live company located in kent, DA1 1JD with a Companies House number of 03029900. It operates in the sound recording and music publishing activities sector, SIC Code 59200. Founded in March 1995, it's largest shareholder is proper music group ltd with a 100% stake. Proper Records Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with high growth in recent years.

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Pomanda's financial health check has awarded Proper Records Limited a 4.5 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 Rating4.5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £1.7m, make it larger than the average company (£465k)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (3.4%)

EXPORT

Proper Records Limited's latest turnover from December 2022 is estimated at £2.1 million and the company has net assets of £607.5 thousand. According to their latest financial statements, we estimate that Proper Records Limited has 16 employees and maintains cash reserves of £52.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	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	2,119,310	1,689,002	1,371,891	1,483,120	1,299,157	1,693,854	1,655,195	1,660,780	1,560,840	2,124,192	2,389,306	2,239,805	2,725,684	2,314,282
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,239,143	967,619	738,465	762,773	669,212	867,770	916,949	1,110,501	986,276	1,259,338	1,397,649	1,138,747	1,876,881	1,820,118
Gross Profit	880,167	721,383	633,426	720,347	629,944	826,084	738,247	550,279	574,564	864,854	991,657	1,101,058	848,803	494,164
Admin Expenses	1,382,877	1,156,214	586,569	568,966	447,378	630,100	641,143	463,164	538,274	884,174	976,631	1,072,047	839,598	585,715
Operating Profit	-502,710	-434,831	46,857	151,381	182,566	195,984	97,104	87,115	36,290	-19,320	15,026	29,011	9,205	-91,551
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	284
Interest Receivable	5,834	2,157	302	202	563	575	294	0	0	0	0	8	15	23
Pre-Tax Profit	-496,876	-432,674	47,159	151,583	183,130	196,559	97,398	87,694	36,290	-19,320	15,026	29,019	9,220	-91,812
Tax	0	0	-8,960	-28,801	-34,795	-37,346	-19,479	-15,599	-7,817	0	-3,159	-2,923	-1,734	0
Profit After Tax	-496,876	-432,674	38,199	122,782	148,335	159,213	77,918	72,095	28,473	-19,320	11,867	26,096	7,486	-91,812
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-496,876	-432,674	38,199	122,782	148,335	159,213	77,918	72,095	28,473	-19,320	11,867	26,096	7,486	-91,812
Employee Costs	768,771	589,943	544,340	546,543	375,425	421,520	332,492	376,486	335,203	480,513	557,199	541,843	656,090	426,168
Number Of Employees	16	14	12	12	8	10	8	8	7	10	12	12	14	9
EBITDA*	-502,710	-434,831	47,231	151,830	183,016	197,423	99,442	90,132	40,313	-13,954	21,452	37,407	19,599	-83,414

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	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	0	0	0	374	823	1,273	8,512	9,053	12,070	16,093	18,759	25,185	31,180	22,600
Intangible Assets	2,888	2,888	2,888	2,888	0	0	0	0	0	0	0	0	0	0
Investments & Other	337,430	337,430	337,430	337,430	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	340,318	340,318	340,318	340,692	823	1,273	8,512	9,053	12,070	16,093	18,759	25,185	31,180	22,600
Stock & work in progress	742,231	638,685	677,537	781,921	832,811	868,142	756,546	683,964	678,684	636,539	563,744	555,721	530,033	504,923
Trade Debtors	47,994	46,118	51,612	82,480	55,821	78,395	65,178	9,361	64,782	163,936	210,733	116,720	298,020	406,627
Group Debtors	93,298	87,084	106,257	104,457	395,452	476,124	358,753	367,988	214,823	230,970	438,416	607,096	586,435	551,122
Misc Debtors	71,426	54,803	304,848	348,656	389,987	343,067	387,093	339,214	403,733	388,500	247,744	217,395	256,509	305,942
Cash	52,935	294,644	280,431	323,814	80,099	70,146	159,854	75,091	126,604	72,156	29,340	92,300	153,812	103,148
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,007,884	1,121,334	1,420,685	1,641,328	1,754,170	1,835,874	1,727,424	1,475,618	1,488,626	1,492,101	1,489,977	1,589,232	1,824,809	1,871,762
total assets	1,348,202	1,461,652	1,761,003	1,982,020	1,754,993	1,837,147	1,735,936	1,484,671	1,500,696	1,508,194	1,508,736	1,614,417	1,855,989	1,894,362
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	155,574	151,494	88,453	138,088	412,472	680,566	593,144	553,068	609,560	717,886	777,809	604,633	1,193,923	1,257,903
Group/Directors Accounts	280,291	342,599	243,188	423,837	152,249	96,792	139,267	96,890	139,583	120,005	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	304,855	295,875	325,004	353,936	246,755	264,658	367,696	276,802	265,737	212,960	254,264	544,988	223,366	205,245
total current liabilities	740,720	789,968	656,645	915,861	811,476	1,042,016	1,100,107	926,760	1,014,880	1,050,851	1,032,073	1,149,621	1,417,289	1,463,148
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	0	0	0	0	0	0
provisions	0	0	0	0	140	89	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	140	89	0	0	0	0	0	0	0	0
total liabilities	740,720	789,968	656,645	915,861	811,616	1,042,105	1,100,107	926,760	1,014,880	1,050,851	1,032,073	1,149,621	1,417,289	1,463,148
net assets	607,482	671,684	1,104,358	1,066,159	943,377	795,042	635,829	557,911	485,816	457,343	476,663	464,796	438,700	431,214
total shareholders funds	607,482	671,684	1,104,358	1,066,159	943,377	795,042	635,829	557,911	485,816	457,343	476,663	464,796	438,700	431,214

	Dec 2022	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	-502,710	-434,831	46,857	151,381	182,566	195,984	97,104	87,115	36,290	-19,320	15,026	29,011	9,205	-91,551
Depreciation	0	0	374	449	450	1,439	2,338	3,017	4,023	5,366	6,426	8,396	10,394	8,137
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-8,960	-28,801	-34,795	-37,346	-19,479	-15,599	-7,817	0	-3,159	-2,923	-1,734	0
Stock	64,694	-38,852	-104,384	-50,890	-35,331	111,596	72,582	5,280	42,145	72,795	8,023	25,688	25,110	504,923
Debtors	-249,999	-274,712	-72,876	-305,667	-56,326	86,562	94,461	33,225	-100,068	-113,487	-44,318	-199,753	-122,727	1,263,691
Creditors	67,121	63,041	-49,635	-274,384	-268,094	87,422	40,076	-56,492	-108,326	-59,923	173,176	-589,290	-63,980	1,257,903
Accruals and Deferred Income	-20,149	-29,129	-28,932	107,181	-17,903	-103,038	90,894	11,065	52,777	-41,304	-290,724	321,622	18,121	205,245
Deferred Taxes & Provisions	0	0	0	-140	51	89	0	0	0	0	0	0	0	0
Cash flow from operations	-270,433	-87,355	136,964	312,243	-46,068	-53,608	43,890	-9,399	34,870	-74,489	-62,960	-59,119	69,623	-388,880
Investing Activities
capital expenditure	0	0	0	-2,888	0	5,800	-1,797	0	0	-2,700	0	-2,401	-18,974	-30,737
Change in Investments	0	0	0	337,430	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	-340,318	0	5,800	-1,797	0	0	-2,700	0	-2,401	-18,974	-30,737
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	37,103	99,411	-180,649	271,588	55,457	-42,475	42,377	-42,693	19,578	120,005	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	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	523,026
interest	5,834	2,157	302	202	563	575	294	0	0	0	0	8	15	-261
cash flow from financing	42,937	101,568	-180,347	271,790	56,020	-41,900	42,671	-42,693	19,578	120,005	0	8	15	522,765
cash and cash equivalents
cash	-227,496	14,213	-43,383	243,715	9,953	-89,708	84,763	-51,513	54,448	42,816	-62,960	-61,512	50,664	103,148
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-227,496	14,213	-43,383	243,715	9,953	-89,708	84,763	-51,513	54,448	42,816	-62,960	-61,512	50,664	103,148

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PROPER RECORDS LIMITED group structure

Proper Records Limited has 1 subsidiary company.

Ultimate parent company

UTOPIA MUSIC AG

#0137053

PROPER MUSIC GROUP LTD

03894953

2 parents

PROPER RECORDS LIMITED

03029900

1 subsidiary

TOPIC MUSIC LIMITED

10126426

PROPER RECORDS LIMITED Shareholders

proper music group ltd

100%

Proper Records Limited currently has 1 director, Mr Andrew Hill serving since Jul 2011.

officer	country	age	start	end	role
Mr Andrew Hill	England	47 years	Jul 2011	-	Director

P&L

December 2022

turnover

2.1m

+54%

operating profit

-502.7k

gross margin

41.6%

-10.05%

turnover

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

Balance Sheet

December 2022

net assets

607.5k

-0.45%

total assets

1.3m

-0.23%

cash

52.9k

-0.81%

net assets

Total assets minus all liabilities

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company number

03029900

Type

Private limited with Share Capital

industry

59200 - Sound recording and music publishing activities

incorporation date

March 1995

ultimate parent company

UTOPIA MUSIC AG

previous names

multiverse systems limited (February 1996)

starnet systems limited (April 1995)

address

1-5 applegarth drive questor, dartford, kent, DA1 1JD

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

proper records limited Company Information

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