music for change
music for change Company Information
Company Number
03339187
Next Accounts
Sep 2025
Shareholders
-
Group Structure
View All
Industry
Performing arts
+1Registered Address
fruitworks 77 stour street, canterbury, kent, CT1 2NR
Website
www.musicforchange.orgmusic for change Estimated Valuation
Pomanda estimates the enterprise value of MUSIC FOR CHANGE at £36.8k based on a Turnover of £48.4k and 0.76x industry multiple (adjusted for size and gross margin).
music for change Estimated Valuation
Pomanda estimates the enterprise value of MUSIC FOR CHANGE at £0 based on an EBITDA of £-10.5k and a 6.16x industry multiple (adjusted for size and gross margin).
music for change Estimated Valuation
Pomanda estimates the enterprise value of MUSIC FOR CHANGE at £0 based on Net Assets of £-6.4k and 1.91x industry multiple (adjusted for liquidity).
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Music For Change Overview
Music For Change is a live company located in kent, CT1 2NR with a Companies House number of 03339187. It operates in the cultural education sector, SIC Code 85520. Founded in March 1997, it's largest shareholder is unknown. Music For Change is a mature, micro sized company, Pomanda has estimated its turnover at £48.4k with declining growth in recent years.
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Music For Change Health Check
Pomanda's financial health check has awarded Music For Change a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £48.4k, make it smaller than the average company (£256.6k)
£48.4k - Music For Change
£256.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -34%, show it is growing at a slower rate (6.1%)
-34% - Music For Change
6.1% - Industry AVG
Production
with a gross margin of 52.3%, this company has a comparable cost of product (52.3%)
52.3% - Music For Change
52.3% - Industry AVG
Profitability
an operating margin of -22.2% make it less profitable than the average company (0.8%)
-22.2% - Music For Change
0.8% - Industry AVG
Employees
with 3 employees, this is below the industry average (6)
3 - Music For Change
6 - Industry AVG
Pay Structure
on an average salary of £4k, the company has a lower pay structure (£26k)
£4k - Music For Change
£26k - Industry AVG
Efficiency
resulting in sales per employee of £16.1k, this is less efficient (£65.6k)
£16.1k - Music For Change
£65.6k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is later than average (10 days)
17 days - Music For Change
10 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is slower than average (17 days)
28 days - Music For Change
17 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Music For Change
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Music For Change
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 355.6%, this is a higher level of debt than the average (20.2%)
355.6% - Music For Change
20.2% - Industry AVG
MUSIC FOR CHANGE financials
Music For Change's latest turnover from December 2023 is £48.4 thousand and the company has net assets of -£6.4 thousand. According to their latest financial statements, Music For Change has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 48,426 | 101,126 | 36,241 | 166,079 | 163,047 | 174,957 | 179,378 | 145,474 | 110,000 | 412,939 | |||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | -10,753 | -12,669 | -32,247 | ||||||||||||
| Interest Payable | 1 | ||||||||||||||
| Interest Receivable | 25 | ||||||||||||||
| Pre-Tax Profit | -10,753 | -12,669 | -32,222 | 31,931 | -2,423 | 6,280 | 11,563 | 14,501 | -20,265 | 18,645 | |||||
| Tax | |||||||||||||||
| Profit After Tax | -10,753 | -12,669 | -32,222 | 31,931 | -2,423 | 6,280 | 11,563 | 14,501 | -20,265 | 18,645 | |||||
| Dividends Paid | |||||||||||||||
| Retained Profit | -10,753 | -12,669 | -32,222 | 31,931 | -2,423 | 6,280 | 11,563 | 14,501 | -20,265 | 18,645 | |||||
| Employee Costs | 11,999 | 64,808 | 65,292 | 60,168 | 57,697 | 32,183 | 25,010 | 39,301 | 42,993 | ||||||
| Number Of Employees | 3 | 3 | 3 | 3 | 4 | 3 | 2 | 2 | 2 | ||||||
| EBITDA* | -10,510 | -12,426 | -32,240 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | 250 | 492 | 7 | 237 | 466 | 2,627 | 4,092 | 5,559 | 626 | ||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 250 | 492 | 7 | 237 | 466 | 2,627 | 4,092 | 5,559 | 626 | ||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 2,261 | 5,413 | 11,479 | 1,657 | 1,135 | 11,260 | 14,352 | 962 | 2,234 | 1,944 | 3,598 | 10,963 | 11,842 | 73,823 | |
| Group Debtors | |||||||||||||||
| Misc Debtors | 692 | 3,261 | 58 | 2,896 | 173 | 381 | |||||||||
| Cash | 4,594 | 13,747 | 49,129 | 19,550 | 12,882 | 2,860 | 6,230 | 1,417 | 21,962 | 15,892 | 7,908 | 11,811 | 16,855 | 72,314 | |
| misc current assets | |||||||||||||||
| total current assets | 2,261 | 10,699 | 25,226 | 54,047 | 20,685 | 24,200 | 20,108 | 6,403 | 2,760 | 24,196 | 17,836 | 11,506 | 22,774 | 28,697 | 146,137 |
| total assets | 2,511 | 11,191 | 25,226 | 54,054 | 20,922 | 24,666 | 20,108 | 6,403 | 2,760 | 24,196 | 17,836 | 14,133 | 26,866 | 34,256 | 146,763 |
| Bank overdraft | |||||||||||||||
| Bank loan | 4,193 | ||||||||||||||
| Trade Creditors | 1,807 | 2,924 | 2,955 | 203 | 2,207 | 3,133 | 975 | 2,015 | 11,530 | 10,193 | 11,963 | 13,926 | 25,614 | 23,183 | |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 2,929 | 3,932 | 5,267 | 4,828 | 3,424 | 2,741 | 3,537 | 3,553 | 12,344 | ||||||
| total current liabilities | 8,929 | 6,856 | 8,222 | 4,828 | 3,627 | 4,948 | 6,670 | 4,528 | 14,359 | 11,530 | 10,193 | 11,963 | 13,926 | 25,614 | 23,183 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 1,027 | 5,028 | 9,027 | ||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 1,027 | 5,028 | 9,027 | ||||||||||||
| total liabilities | 8,929 | 6,856 | 8,222 | 4,828 | 3,627 | 4,948 | 6,670 | 4,528 | 15,386 | 16,558 | 19,220 | 11,963 | 13,926 | 25,614 | 23,183 |
| net assets | -6,418 | 4,335 | 17,004 | 49,226 | 17,295 | 19,718 | 13,438 | 1,875 | -12,626 | 7,638 | -1,384 | 2,170 | 12,940 | 8,642 | 123,580 |
| total shareholders funds | -6,418 | 4,335 | 17,004 | 49,226 | 17,295 | 19,718 | 13,438 | 1,875 | -12,626 | 7,638 | -1,384 | 2,170 | 12,940 | 8,642 | 123,580 |
| Dec 2023 | 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 | -10,753 | -12,669 | -32,247 | ||||||||||||
| Depreciation | 243 | 243 | 7 | 230 | 229 | 1,465 | 1,467 | 1,635 | 1,259 | ||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | -3,844 | -5,374 | 6,561 | 3,783 | -10,183 | -5,930 | 17,075 | -1,170 | -891 | 290 | -1,654 | -7,365 | -879 | -61,981 | 73,823 |
| Creditors | -1,117 | -31 | 2,955 | -203 | -2,004 | -926 | 2,158 | -1,040 | -9,515 | 1,337 | -1,770 | -1,963 | -11,688 | 2,431 | 23,183 |
| Accruals and Deferred Income | -1,003 | -1,335 | 439 | 1,404 | 683 | -796 | -16 | -8,791 | 12,344 | ||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | -8,786 | -8,418 | -35,407 | ||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 4,193 | ||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -1,027 | -4,001 | -3,999 | 9,027 | |||||||||||
| share issue | |||||||||||||||
| interest | 25 | -1 | |||||||||||||
| cash flow from financing | 4,193 | 25 | -1 | -1,027 | -4,000 | 104,935 | |||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -4,594 | -9,153 | -35,382 | 29,579 | 6,668 | 10,022 | -3,370 | 4,813 | -20,545 | 6,070 | 7,984 | -3,903 | -5,044 | -55,459 | 72,314 |
| overdraft | |||||||||||||||
| change in cash | -4,594 | -9,153 | -35,382 | 29,579 | 6,668 | 10,022 | -3,370 | 4,813 | -20,545 | 6,070 | 7,984 | -3,903 | -5,044 | -55,459 | 72,314 |
music for change Credit Report and Business Information
Music For Change Competitor Analysis
Perform a competitor analysis for music for change by selecting its closest rivals, whether from the EDUCATION sector, other micro companies, companies in CT1 area or any other competitors across 12 key performance metrics.
music for change Ownership
MUSIC FOR CHANGE group structure
Music For Change has no subsidiary companies.
Ultimate parent company
MUSIC FOR CHANGE
03339187
music for change directors
Music For Change currently has 3 directors. The longest serving directors include Mr Douglas Noble (Feb 2017) and Ms Mina Cullimore (Apr 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Douglas Noble | 57 years | Feb 2017 | - | Director | |
| Ms Mina Cullimore | 62 years | Apr 2023 | - | Director | |
| Mrs Heledd Francis Wright | 49 years | Apr 2023 | - | Director |
P&L
December 2023turnover
48.4k
-52%
operating profit
-10.8k
-15%
gross margin
52.3%
+1.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-6.4k
-2.48%
total assets
2.5k
-0.78%
cash
0
-1%
net assets
Total assets minus all liabilities
music for change company details
company number
03339187
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
90010 - Performing arts
85520 - Cultural education
incorporation date
March 1997
age
28
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
HILARY ADAMS LTD
auditor
-
address
fruitworks 77 stour street, canterbury, kent, CT1 2NR
Bank
CO-OPERATIVE BANK PLC
Legal Advisor
-
music for change 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 music for change.
music for change Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for MUSIC FOR CHANGE. This can take several minutes, an email will notify you when this has completed.
music for change Companies House Filings - See Documents
| date | description | view/download |
|---|
