Proper Music Group Ltd

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proper music group ltd Company Information

Live

MatureLargeHealthy

Company Number

03894953

Website

www.propermusic.com

Registered Address

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

Industry

Other amusement and recreation activities

Telephone

02086765100

Next Accounts Due

26 days late

Group Structure

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Directors

Andrew Hill1 Years

Shareholders

utopia music ag 100%

proper music group ltd Estimated Valuation

£27m

Pomanda estimates the enterprise value of PROPER MUSIC GROUP LTD at £27m based on a Turnover of £30.1m and 0.9x industry multiple (adjusted for size and gross margin).

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Proper Music Group Ltd is a live company located in kent, DA1 1JD with a Companies House number of 03894953. It operates in the other amusement and recreation activities n.e.c. sector, SIC Code 93290. Founded in December 1999, it's largest shareholder is utopia music ag with a 100% stake. Proper Music Group Ltd is a mature, large sized company, Pomanda has estimated its turnover at £30.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Proper Music Group Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

6 Strong

0 Regular

6 Weak

Size

annual sales of £42.1m, make it larger than the average company (£276.8k)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (0.7%)

EXPORT

Proper Music Group Ltd's latest turnover from December 2022 is £30.1 million and the company has net assets of £742.6 thousand. According to their latest financial statements, Proper Music Group Ltd has 130 employees and maintains cash reserves of £1.9 million 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	30,084,048	42,123,482	38,110,859	33,558,421	25,871,839	23,874,689	26,450,502	21,207,652	21,639,737	19,595,217	27,473,246	26,685,810	14,431,730	14,120,198
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	27,783,274	38,293,703	33,712,941	28,959,408	21,831,088	19,946,162	22,565,660	17,487,852	18,102,775	16,106,808	23,884,407	22,755,983	11,081,356	11,216,851
Gross Profit	2,300,774	3,829,779	4,397,918	4,599,013	4,040,751	3,928,527	3,884,842	3,719,800	3,536,962	3,488,409	3,588,839	3,929,827	3,350,374	2,903,347
Admin Expenses	4,164,333	5,233,447	4,483,056	4,489,130	2,779,737	4,562,943	3,557,712	3,411,473	3,229,071	3,336,737	3,367,521	3,738,115	3,014,016	2,637,138
Operating Profit	-1,863,559	-1,403,668	-85,138	109,883	1,261,014	-634,416	327,130	308,327	307,891	151,672	221,318	191,712	336,358	266,209
Interest Payable	5,761	38,387	66,788	120,291	174,386	111,724	22,938	25,812	36,225	41,693	60,918	51,675	46,579	63,347
Interest Receivable	331	17	9	1,916	83	65	12,996	579	4	0	1	15	31	27
Pre-Tax Profit	-1,868,989	-1,442,038	-151,917	-8,492	1,086,711	-746,075	317,188	283,094	271,670	109,979	160,401	140,052	289,810	202,889
Tax	-1,870	-31,600	44,094	107,751	57,398	-11,105	-45,626	-59,455	-65,692	-35,021	-40,483	-49,558	-50,894	-35,561
Profit After Tax	-1,870,859	-1,473,638	-107,823	99,259	1,144,109	-757,180	271,562	223,639	205,978	74,958	119,918	90,494	238,916	167,328
Dividends Paid	0	74,250	99,000	100,000	240,000	60,000	60,000	60,000	60,000	64,000	72,000	105,000	0	26,400
Retained Profit	-1,870,859	-1,547,888	-206,823	-741	904,109	-896,026	198,045	148,825	131,532	8,204	20,831	-44,138	208,826	112,815
Employee Costs	3,658,372	4,030,038	3,577,957	3,487,289	3,440,583	3,364,058	2,883,683	2,751,459	2,704,982	2,487,580	2,675,259	2,592,237	2,184,009	2,086,131
Number Of Employees	130	113	122	113	115	107	105	105	105	102	133	107	94	82
EBITDA*	-1,487,172	-865,734	395,390	551,041	1,623,968	-627,879	398,050	369,454	375,984	225,730	293,135	263,521	406,068	331,036

* 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	1,139,680	1,229,400	1,310,870	1,496,250	1,732,558	3,428,582	2,224,595	1,825,172	1,850,126	1,876,137	1,929,959	1,971,209	2,019,661	1,922,362
Intangible Assets	911,583	736,023	745,050	738,972	333,771	179,659	0	0	0	8,892	3,654	-6,409	-3,409	4,591
Investments & Other	0	0	0	0	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	2,051,263	1,965,423	2,055,920	2,235,222	2,066,329	3,608,241	2,224,595	1,825,172	1,850,126	1,885,029	1,933,613	1,964,800	2,016,252	1,926,953
Stock & work in progress	1,735,675	1,671,490	1,507,502	1,561,560	1,672,602	1,669,536	1,656,381	1,525,031	1,578,910	1,475,071	1,521,535	1,498,098	1,429,820	1,243,703
Trade Debtors	6,626,324	6,925,980	6,372,272	6,283,208	4,719,533	5,141,293	4,022,112	3,183,431	3,327,958	2,509,663	4,644,885	6,447,062	2,582,830	3,418,148
Group Debtors	748,302	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	941,939	964,855	1,504,478	1,845,749	2,127,115	899,921	452,233	394,854	493,652	506,250	400,314	357,477	362,385	478,690
Cash	1,867,316	1,193,201	1,974,817	1,846,443	1,530,241	185,175	1,615,863	1,576,190	1,218,407	1,582,619	141,245	638,456	750,364	635,601
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	11,919,556	10,755,526	11,359,069	11,536,960	10,049,491	7,895,925	7,746,589	6,679,506	6,618,927	6,073,603	6,707,979	8,941,093	5,125,399	5,776,142
total assets	13,970,819	12,720,949	13,414,989	13,772,182	12,115,820	11,504,166	9,971,184	8,504,678	8,469,053	7,958,632	8,641,592	10,905,893	7,141,651	7,703,095
Bank overdraft	0	0	0	0	0	1,095,557	0	120,512	0	0	0	0	84,227	82,383
Bank loan	0	0	0	0	0	329,672	120,512	0	120,512	120,512	120,512	85,000	0	0
Trade Creditors	10,404,951	8,841,656	8,652,345	8,476,511	6,515,534	5,030,586	4,692,704	4,071,934	4,355,913	3,961,159	4,584,357	6,321,813	3,220,482	3,812,403
Group/Directors Accounts	0	0	0	0	0	4,462	4,462	6,001	10,831	20,302	19,155	19,155	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	6,517	105,425	216,074	339,425	381,782	344,341	12,354	0	0	450	5,400	5,400	11,030	0
other current liabilities	2,769,626	3,093,153	2,244,142	1,733,363	1,670,231	1,602,289	1,882,241	1,645,996	1,362,213	1,243,922	1,302,877	1,751,729	1,031,725	1,173,937
total current liabilities	13,181,094	12,040,234	11,112,561	10,549,299	8,567,547	8,406,907	6,712,273	5,844,443	5,849,469	5,346,345	6,032,301	8,183,097	4,347,464	5,068,723
loans	0	0	0	0	0	0	329,672	450,184	570,696	691,208	698,720	854,744	906,909	991,079
hp & lease commitments	1,924	5,969	111,394	327,468	649,926	1,007,989	17,125	0	0	0	450	5,850	10,570	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	500,058	480,246	468,457	477,234	0	0	0	0	0	0	0
provisions	45,200	45,200	13,600	11,100	33,103	139,924	128,819	115,552	118,028	0	0	0	0	0
total long term liabilities	47,124	51,169	124,994	838,626	1,163,275	1,616,370	952,850	565,736	688,724	691,208	699,170	860,594	917,479	991,079
total liabilities	13,228,218	12,091,403	11,237,555	11,387,925	9,730,822	10,023,277	7,665,123	6,410,179	6,538,193	6,037,553	6,731,471	9,043,691	5,264,943	6,059,802
net assets	742,601	629,546	2,177,434	2,384,257	2,384,998	1,480,889	2,117,769	1,919,724	1,770,899	1,699,484	1,691,280	1,670,448	1,714,586	1,505,761
total shareholders funds	742,601	629,546	2,177,434	2,384,257	2,384,998	1,480,889	2,117,769	1,919,724	1,770,899	1,699,484	1,691,280	1,670,448	1,714,586	1,505,761

	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	-1,863,559	-1,403,668	-85,138	109,883	1,261,014	-634,416	327,130	308,327	307,891	151,672	221,318	191,712	336,358	266,209
Depreciation	199,215	265,974	267,578	284,710	281,062	6,537	70,920	61,127	68,093	74,058	71,817	68,809	61,710	56,827
Amortisation	177,172	271,960	212,950	156,448	81,892	0	0	0	0	0	0	3,000	8,000	8,000
Tax	-1,870	-31,600	44,094	107,751	57,398	-11,105	-45,626	-59,455	-65,692	-35,021	-40,483	-49,558	-50,894	-35,561
Stock	228,173	163,988	-54,058	-111,042	3,066	13,155	131,350	-53,879	103,839	-46,464	23,437	68,278	186,117	1,243,703
Debtors	439,815	14,085	-252,207	1,282,309	805,434	1,566,869	896,060	-243,325	805,697	-2,029,286	-1,759,340	3,859,324	-951,623	3,896,838
Creditors	1,752,606	189,311	175,834	1,960,977	1,484,948	337,882	620,770	-283,979	394,754	-623,198	-1,737,456	3,101,331	-591,921	3,812,403
Accruals and Deferred Income	525,484	849,011	510,779	63,132	67,942	-279,952	236,245	283,783	118,291	-58,955	-448,852	720,004	-142,212	1,173,937
Deferred Taxes & Provisions	31,600	31,600	2,500	-22,003	-106,821	11,105	13,267	-2,476	118,028	0	0	0	0	0
Cash flow from operations	152,660	-5,485	1,434,862	1,489,631	2,318,935	-2,149,973	195,296	604,531	31,829	1,584,306	-197,753	107,696	386,547	141,274
Investing Activities
capital expenditure	0	0	0	0	0	-530,733	-310,110	-36,954	-57,082	-62,385	-40,749	-58,158	-105,988	-31,358
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	-530,733	-310,110	-36,954	-57,082	-62,385	-40,749	-58,158	-105,988	-31,358
Financing Activities
Bank loans	0	0	0	0	-329,672	209,160	120,512	-120,512	0	0	35,512	85,000	0	0
Group/Directors Accounts	0	0	0	0	-4,462	0	-1,539	-4,830	-9,471	1,147	0	19,155	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	-329,672	-120,512	-120,512	-120,512	-7,512	-156,024	-52,165	-84,170	991,079
Hire Purchase and Lease Commitments	-319,027	-216,074	-339,425	-364,815	-320,622	1,322,851	29,479	0	-450	-5,400	-5,400	-10,350	21,600	0
other long term liabilities	0	0	-500,058	19,812	11,789	-8,777	477,234	0	0	0	0	0	0	0
share issue	436,026	0	0	0	0	259,146	0	0	-60,117	0	1	0	-1	1,392,946
interest	-5,430	-38,370	-66,779	-118,375	-174,303	-111,659	-9,942	-25,233	-36,221	-41,693	-60,917	-51,660	-46,548	-63,320
cash flow from financing	111,569	-254,444	-906,262	-463,378	-817,270	1,341,049	495,232	-271,087	-226,771	-53,458	-186,828	-10,020	-109,119	2,320,705
cash and cash equivalents
cash	-107,501	-781,616	128,374	316,202	1,345,066	-1,430,688	39,673	357,783	-364,212	1,441,374	-497,211	-111,908	114,763	635,601
overdraft	0	0	0	0	-1,095,557	1,095,557	-120,512	120,512	0	0	0	-84,227	1,844	82,383
change in cash	-107,501	-781,616	128,374	316,202	2,440,623	-2,526,245	160,185	237,271	-364,212	1,441,374	-497,211	-27,681	112,919	553,218

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PROPER MUSIC GROUP LTD group structure

Proper Music Group Ltd has 4 subsidiary companies.

Ultimate parent company

UTOPIA MUSIC AG

#0137053

1 parent

PROPER MUSIC GROUP LTD

03894953

4 subsidiaries

PROPERMUSIC.COM LIMITED

07679030

PROPER RECORDS LIMITED

03029900

PROPER MUSIC PUBLISHING LIMITED

03700278

PROPER MUSIC DISTRIBUTION LIMITED

02807811

PROPER MUSIC GROUP LTD Shareholders

utopia music ag

100%

Proper Music Group Ltd currently has 1 director, Mr Andrew Hill serving since Mar 2023.

officer	country	age	start	end	role
Mr Andrew Hill	England	47 years	Mar 2023	-	Director

P&L

December 2022

turnover

30.1m

-21%

operating profit

-1.9m

+2089%

gross margin

7.7%

-33.73%

turnover

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

Balance Sheet

December 2022

net assets

742.6k

-0.66%

total assets

14m

+0.04%

cash

1.9m

-0.05%

net assets

Total assets minus all liabilities

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company number

03894953

Type

Private limited with Share Capital

industry

93290 - Other amusement and recreation activities

incorporation date

December 1999

ultimate parent company

UTOPIA MUSIC AG

previous names

proper distribution limited (April 2000)

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 7 charges/mortgages relating to proper music group ltd. Currently there are 2 open charges and 5 have been satisfied in the past.

proper music group ltd Company Information

proper music group ltd Estimated Valuation

proper music group ltd Estimated Valuation

proper music group ltd Estimated Valuation

Proper Music Group Ltd Overview

Proper Music Group Ltd Health Check

PROPER MUSIC GROUP LTD financials

proper music group ltd Credit Report and Business Information

Proper Music Group Ltd Competitor Analysis

proper music group ltd Ownership

proper music group ltd directors

proper music group ltd company details

proper music group ltd Charges & Mortgages

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