North Music Trust

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north music trust Company Information

Live

MatureMidHealthy

Company Number

04044936

Next Accounts

Dec 2025

Industry

Operation of arts facilities

Support activities to performing arts

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Directors

Emily Cooney

Jane Spiers

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Shareholders

Group Structure

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Contact

Registered Address

the glasshouse international cen, st. marys square, gateshead, NE8 2JR

Website

http://sagegateshead.com

north music trust Estimated Valuation

£20m

Pomanda estimates the enterprise value of NORTH MUSIC TRUST at £20m based on Net Assets of £14.3m and 1.4x industry multiple (adjusted for liquidity).

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North Music Trust is a live company located in gateshead, NE8 2JR with a Companies House number of 04044936. It operates in the performing arts sector, SIC Code 90010. Founded in August 2000, it's largest shareholder is unknown. North Music Trust is a mature, mid sized company, Pomanda has estimated its turnover at £15.8m with healthy growth in recent years.

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Pomanda's financial health check has awarded North Music Trust a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £15.8m, make it larger than the average company (£371.6k)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (8.9%)

EXPORT

North Music Trust's latest turnover from March 2024 is £15.8 million and the company has net assets of £14.3 million. According to their latest financial statements, North Music Trust has 405 employees and maintains cash reserves of £8 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	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	15,829,848	12,865,057	11,255,297	13,497,541	15,958,128	16,676,693	15,369,840	14,061,516	16,822,332	17,424,715	16,828,554	15,855,546	15,794,223	7,255,960	17,577,539
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	8,958,043	6,918,151	5,948,510	7,273,802	8,801,171	9,193,227	8,466,444	7,438,742	8,934,386	8,772,916	8,577,791	8,197,080	8,287,017	4,098,085	9,025,538
Gross Profit	6,871,805	5,946,906	5,306,787	6,223,739	7,156,957	7,483,466	6,903,396	6,622,774	7,887,946	8,651,799	8,250,763	7,658,466	7,507,206	3,157,875	8,552,001
Admin Expenses	7,045,200	7,487,321	3,443,319	-172,700	5,633,359	6,192,889	6,084,980	6,042,459	4,860,668	7,493,432	7,124,881	6,412,936	7,438,333	3,435,130	8,133,463
Operating Profit	-173,395	-1,540,415	1,863,468	6,396,439	1,523,598	1,290,577	818,416	580,315	3,027,278	1,158,367	1,125,882	1,245,530	68,873	-277,255	418,538
Interest Payable	0	0	0	0	0	0	34,815	17,217	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	-91,002	-1,479,861	1,387,331	5,095,588	1,216,769	1,035,964	644,000	453,790	2,426,518	920,679	871,501	937,027	29,660	-302,761	292,927
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-91,002	-1,479,861	1,387,331	5,095,588	1,216,769	1,035,964	644,000	453,790	2,426,518	920,679	871,501	937,027	29,660	-302,761	292,927
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-91,002	-1,479,861	1,387,331	5,095,588	1,216,769	1,035,964	644,000	453,790	2,426,518	920,679	871,501	937,027	29,660	-302,761	292,927
Employee Costs	7,737,207	6,585,069	5,389,541	6,513,673	8,228,157	8,108,680	7,163,649	7,158,454	7,795,318	7,685,169	7,588,675	7,420,334	7,533,461	7,566,645	6,718,181
Number Of Employees	405	345	283	508	465	464	408	449	466	478	413	405	417	392	366
EBITDA*	373,554	-928,930	2,153,472	6,699,666	1,804,991	1,659,493	1,177,480	929,336	3,416,119	1,554,448	1,573,201	1,657,054	426,676	16,524	765,955

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	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	4,710,309	4,556,786	4,345,481	3,170,873	2,345,362	1,838,052	1,798,597	1,882,481	2,010,449	2,123,187	2,046,536	2,197,407	2,187,127	1,897,394	1,667,729
Intangible Assets	0	0	159	370	4,732	12,452	20,760	2,527	9,902	21,308	0	0	0	0	0
Investments & Other	5,547,520	5,245,084	7,556,319	7,349,523	6,355,766	6,891,140	6,582,507	6,772,060	6,010,601	2,953,792	2,154,894	1,212,597	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	10,257,829	9,801,870	11,901,959	10,520,766	8,705,860	8,741,644	8,401,864	8,657,068	8,030,952	5,098,287	4,201,430	3,410,004	2,187,127	1,897,394	1,667,729
Stock & work in progress	43,910	55,419	50,889	28,746	39,281	62,840	86,920	101,604	54,093	60,225	50,225	47,289	51,482	37,866	14,149
Trade Debtors	469,723	161,941	246,922	284,961	580,909	576,111	913,991	737,875	749,707	881,078	502,686	657,138	937,087	929,266	493,092
Group Debtors	0	0	0	0	0	0	0	552,641	0	0	0	0	0	0	0
Misc Debtors	2,707,543	2,111,318	1,197,141	1,257,854	1,736,468	1,795,857	1,616,266	286,064	377,095	1,495,474	406,876	443,280	502,535	544,309	440,597
Cash	7,967,612	9,172,144	9,508,224	9,650,367	3,773,274	3,333,542	2,222,937	2,361,303	950,594	1,397,227	1,422,535	952,495	943,399	1,556,943	2,476,462
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	11,188,788	11,500,822	11,003,176	11,221,928	6,129,932	5,768,350	4,840,114	4,039,487	2,131,489	3,834,004	2,382,322	2,100,202	2,434,503	3,068,384	3,424,300
total assets	21,446,617	21,302,692	22,905,135	21,742,694	14,835,792	14,509,994	13,241,978	12,696,555	10,162,441	8,932,291	6,583,752	5,510,206	4,621,630	4,965,778	5,092,029
Bank overdraft	0	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	0
Trade Creditors	268,968	442,548	925,377	494,485	356,517	820,378	470,064	734,343	664,583	972,808	741,395	960,936	1,055,778	1,023,619	1,078,681
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	79,220	76,714	190,043	79,220	79,220	79,220	79,220	39,595	0	0	0	0	0	5,600	5,600
hp & lease commitments	0	0	0	8,041	15,196	30,292	81,348	85,653	89,226	69,247	0	0	0	0	0
other current liabilities	3,578,283	3,155,374	2,779,345	3,412,517	4,650,935	4,441,049	4,263,206	3,738,629	3,266,525	4,015,416	2,897,864	2,507,513	2,302,140	2,696,907	2,459,735
total current liabilities	3,926,471	3,674,636	3,894,765	3,994,263	5,101,868	5,370,939	4,893,838	4,598,220	4,020,334	5,057,471	3,639,259	3,468,449	3,357,918	3,726,126	3,544,016
loans	3,180,477	3,197,385	3,099,838	3,225,230	298,334	361,843	441,063	511,358	0	0	0	0	533,527	539,127	544,727
hp & lease commitments	0	0	0	0	7,977	23,173	55,009	144,594	223,395	253,843	0	0	0	0	0
Accruals and Deferred Income	0	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	355,685	355,685	0	0	0
provisions	0	0	0	0	0	50,785	184,778	270,781	0	0	0	0	0	0	0
total long term liabilities	3,180,477	3,197,385	3,099,838	3,225,230	306,311	435,801	680,850	926,733	223,395	253,843	355,685	355,685	533,527	539,127	544,727
total liabilities	7,106,948	6,872,021	6,994,603	7,219,493	5,408,179	5,806,740	5,574,688	5,524,953	4,243,729	5,311,314	3,994,944	3,824,134	3,891,445	4,265,253	4,088,743
net assets	14,339,669	14,430,671	15,910,532	14,523,201	9,427,613	8,703,254	7,667,290	7,171,602	5,918,712	3,620,977	2,588,808	1,686,072	730,185	700,525	1,003,286
total shareholders funds	14,339,669	14,430,671	15,910,532	14,523,201	9,427,613	8,703,254	7,667,290	7,171,602	5,918,712	3,620,977	2,588,808	1,686,072	730,185	700,525	1,003,286

	Mar 2024	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	-173,395	-1,540,415	1,863,468	6,396,439	1,523,598	1,290,577	818,416	580,315	3,027,278	1,158,367	1,125,882	1,245,530	68,873	-277,255	418,538
Depreciation	546,949	611,326	289,793	298,865	273,039	360,608	352,394	341,646	377,306	396,081	447,319	411,524	357,803	293,779	347,417
Amortisation	0	159	211	4,362	8,354	8,308	6,670	7,375	11,535	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock	-11,509	4,530	22,143	-10,535	-23,559	-24,080	-14,684	47,511	-6,132	10,000	2,936	-4,193	13,616	23,717	14,149
Debtors	904,007	829,196	-98,752	-774,562	-54,591	-158,289	953,677	449,778	-1,249,750	1,466,990	-190,856	-339,204	-33,953	539,886	933,689
Creditors	-173,580	-482,829	430,892	137,968	-463,861	350,314	-264,279	69,760	-308,225	231,413	-219,541	-94,842	32,159	-55,062	1,078,681
Accruals and Deferred Income	422,909	376,029	-633,172	-1,238,418	209,886	177,843	524,577	472,104	-748,891	1,117,552	390,351	205,373	-394,767	237,172	2,459,735
Deferred Taxes & Provisions	0	0	0	0	-50,785	-133,993	-86,003	270,781	0	0	0	0	0	0	0
Cash flow from operations	-269,615	-1,869,456	2,027,801	6,384,313	1,578,381	2,236,026	412,782	1,244,692	3,614,885	1,426,423	1,931,931	2,110,982	84,405	-364,969	3,356,533
Investing Activities
capital expenditure	0	0	0	0	0	0	-252,169	-213,678	-3,372,304	323,090	-1,207,510	-1,614,541	-647,536	-523,444	-245,496
Change in Investments	302,436	-2,311,235	206,796	993,757	-535,374	308,633	-189,553	761,459	3,056,809	798,898	942,297	1,212,597	0	0	0
cash flow from investments	-302,436	2,311,235	-206,796	-993,757	535,374	-308,633	-62,616	-975,137	-6,429,113	-475,808	-2,149,807	-2,827,138	-647,536	-523,444	-245,496
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	2,506	-113,329	110,823	0	0	0	39,625	39,595	0	0	0	0	-5,600	0	5,600
Long term loans	-16,908	97,547	-125,392	2,926,896	-63,509	-79,220	-70,295	511,358	0	0	0	-533,527	-5,600	-5,600	544,727
Hire Purchase and Lease Commitments	0	0	-8,041	-15,132	-30,292	-82,892	-93,890	-82,374	-10,469	323,090	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	-355,685	0	355,685	0	0	0
share issue	0	0	0	0	-492,410	0	-148,312	799,100	-128,783	111,490	31,235	18,860	0	0	710,359
interest	0	0	0	0	0	0	-34,815	-17,217	0	0	0	0	0	0	0
cash flow from financing	-14,402	-15,782	-22,610	2,911,764	-586,211	-162,112	-307,687	1,250,462	-139,252	78,895	31,235	-158,982	-11,200	-5,600	1,260,686
cash and cash equivalents
cash	-1,204,532	-336,080	-142,143	5,877,093	439,732	1,110,605	-138,366	1,410,709	-446,633	-25,308	470,040	9,096	-613,544	-919,519	2,476,462
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-1,204,532	-336,080	-142,143	5,877,093	439,732	1,110,605	-138,366	1,410,709	-446,633	-25,308	470,040	9,096	-613,544	-919,519	2,476,462

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for north music trust by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other mid companies, companies in NE8 area or any other competitors across 12 key performance metrics.

NORTH MUSIC TRUST group structure

North Music Trust has 2 subsidiary companies.

Ultimate parent company

NORTH MUSIC TRUST

04044936

2 subsidiaries

ROYAL NORTHERN SINFONIA LIMITED

10098218

MUSIC NORTH LIMITED

04344453

NORTH MUSIC TRUST Shareholders

North Music Trust currently has 11 directors. The longest serving directors include Ms Emily Cooney (Jun 2018) and Mrs Jane Spiers (Jun 2018).

officer	country	age	start	end	role
Ms Emily Cooney	England	47 years	Jun 2018	-	Director
Mrs Jane Spiers	England	69 years	Jun 2018	-	Director
Mr Tony Wadsworth Cbe	United Kingdom	68 years	Jul 2018	-	Director
Mr Michael Barker		56 years	Oct 2020	-	Director
Mr Darren Collins	United Kingdom	57 years	Oct 2020	-	Director
Mr Michael Barker	United Kingdom	55 years	Oct 2020	-	Director
Ms Ruth Lyon	United Kingdom	32 years	Sep 2021	-	Director
Mrs Joanna Lawson	England	61 years	Sep 2021	-	Director
Mr Gabriel Day	United Kingdom	27 years	Sep 2021	-	Director
Mrs Jacqueline Hodgson	United Kingdom	63 years	Sep 2021	-	Director

P&L

March 2024

turnover

15.8m

+23%

operating profit

-173.4k

gross margin

43.5%

-6.09%

turnover

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

Balance Sheet

March 2024

net assets

14.3m

-0.01%

total assets

21.4m

+0.01%

cash

-0.13%

net assets

Total assets minus all liabilities

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4.5

company number

04044936

Type

Private Limited by guarantee without Share Capital Exempt from using Limited

industry

90040 - Operation of arts facilities

90020 - Support activities to performing arts

90030 - Artistic creation

incorporation date

August 2000

ultimate parent company

None

previous names

N/A

address

the glasshouse international cen, st. marys square, gateshead, NE8 2JR

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north music trust Company Information

north music trust Estimated Valuation

north music trust Estimated Valuation

north music trust Estimated Valuation

North Music Trust Overview

North Music Trust Health Check

NORTH MUSIC TRUST financials

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