proper records limited Company Information
Company Number
03029900
Website
www.propermusic.comRegistered 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
View All
Directors
Andrew Hill13 Years
Shareholders
proper music group ltd 100%
proper records limited Estimated Valuation
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).
proper records limited Estimated Valuation
Pomanda estimates the enterprise value of PROPER RECORDS LIMITED at £0 based on an EBITDA of £-502.7k and a 3.34x industry multiple (adjusted for size and gross margin).
proper records limited Estimated Valuation
Pomanda estimates the enterprise value of PROPER RECORDS LIMITED at £721.7k based on Net Assets of £607.5k and 1.19x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Proper Records Limited Overview
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.
Upgrade for unlimited company reports & a free credit check
Proper Records Limited Health Check
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
6 Strong
3 Regular
3 Weak
Size
annual sales of £1.7m, make it larger than the average company (£465k)
- Proper Records Limited
£465k - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (3.4%)
- Proper Records Limited
3.4% - Industry AVG
Production
with a gross margin of 42.7%, this company has a comparable cost of product (42.7%)
- Proper Records Limited
42.7% - Industry AVG
Profitability
an operating margin of -25.7% make it less profitable than the average company (9.5%)
- Proper Records Limited
9.5% - Industry AVG
Employees
with 14 employees, this is above the industry average (3)
- Proper Records Limited
3 - Industry AVG
Pay Structure
on an average salary of £42.1k, the company has an equivalent pay structure (£42.1k)
- Proper Records Limited
£42.1k - Industry AVG
Efficiency
resulting in sales per employee of £120.6k, this is equally as efficient (£127.3k)
- Proper Records Limited
£127.3k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is earlier than average (47 days)
- Proper Records Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 57 days, this is slower than average (46 days)
- Proper Records Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 240 days, this is more than average (9 days)
- Proper Records Limited
9 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is less cash available to meet short term requirements (33 weeks)
19 weeks - Proper Records Limited
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 54.1%, this is a lower level of debt than the average (70.6%)
54.1% - Proper Records Limited
70.6% - Industry AVG
PROPER RECORDS LIMITED financials
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 | 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 | |||||||
Cost Of Sales | 1,110,501 | 986,276 | 1,259,338 | 1,397,649 | 1,138,747 | 1,876,881 | 1,820,118 | |||||||
Gross Profit | 550,279 | 574,564 | 864,854 | 991,657 | 1,101,058 | 848,803 | 494,164 | |||||||
Admin Expenses | 463,164 | 538,274 | 884,174 | 976,631 | 1,072,047 | 839,598 | 585,715 | |||||||
Operating Profit | 87,115 | 36,290 | -19,320 | 15,026 | 29,011 | 9,205 | -91,551 | |||||||
Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 284 | |||||||
Interest Receivable | 0 | 0 | 0 | 0 | 8 | 15 | 23 | |||||||
Pre-Tax Profit | 87,694 | 36,290 | -19,320 | 15,026 | 29,019 | 9,220 | -91,812 | |||||||
Tax | -15,599 | -7,817 | 0 | -3,159 | -2,923 | -1,734 | 0 | |||||||
Profit After Tax | 72,095 | 28,473 | -19,320 | 11,867 | 26,096 | 7,486 | -91,812 | |||||||
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
Retained Profit | 72,095 | 28,473 | -19,320 | 11,867 | 26,096 | 7,486 | -91,812 | |||||||
Employee Costs | ||||||||||||||
Number Of Employees | ||||||||||||||
EBITDA* | 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 | 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 | -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 | -9,399 | 34,870 | -74,489 | -62,960 | -59,119 | 69,623 | -388,880 | |||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 337,430 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
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 | ||||||||||||||
interest | 0 | 0 | 0 | 0 | 8 | 15 | -261 | |||||||
cash flow from financing | -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 |
proper records limited Credit Report and Business Information
Proper Records Limited Competitor Analysis
Perform a competitor analysis for proper records limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in DA1 area or any other competitors across 12 key performance metrics.
proper records limited Ownership
PROPER RECORDS LIMITED group structure
Proper Records Limited has 1 subsidiary company.
Ultimate parent company
UTOPIA MUSIC AG
#0137053
2 parents
PROPER RECORDS LIMITED
03029900
1 subsidiary
proper records limited directors
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 2022turnover
2.1m
+54%
operating profit
-502.7k
0%
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 2022net assets
607.5k
-0.45%
total assets
1.3m
-0.23%
cash
52.9k
-0.81%
net assets
Total assets minus all liabilities
proper records limited company details
company number
03029900
Type
Private limited with Share Capital
industry
59200 - Sound recording and music publishing activities
incorporation date
March 1995
age
29
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2022
previous names
multiverse systems limited (February 1996)
starnet systems limited (April 1995)
accountant
CARPENTER BOX LIMITED
auditor
-
address
1-5 applegarth drive questor, dartford, kent, DA1 1JD
Bank
-
Legal Advisor
-
proper 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 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 Companies House Filings - See Documents
date | description | view/download |
---|