vp records (uk) limited

vp records (uk) limited Company Information

Share VP RECORDS (UK) LIMITED
Live 
MatureMidRapid

Company Number

04073590

Industry

Sound recording and music publishing activities

 

Reproduction of sound recording

 

Shareholders

christopher chin

vincent chin

Group Structure

View All

Contact

Registered Address

101 new cavendish street, 1st floor south, london, W1W 6XH

vp records (uk) limited Estimated Valuation

£3.5m

Pomanda estimates the enterprise value of VP RECORDS (UK) LIMITED at £3.5m based on a Turnover of £6.7m and 0.53x industry multiple (adjusted for size and gross margin).

vp records (uk) limited Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of VP RECORDS (UK) LIMITED at £2.7m based on an EBITDA of £701k and a 3.88x industry multiple (adjusted for size and gross margin).

vp records (uk) limited Estimated Valuation

£5.4m

Pomanda estimates the enterprise value of VP RECORDS (UK) LIMITED at £5.4m based on Net Assets of £3.9m and 1.37x industry multiple (adjusted for liquidity).

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Vp Records (uk) Limited Overview

Vp Records (uk) Limited is a live company located in london, W1W 6XH with a Companies House number of 04073590. It operates in the reproduction of sound recording sector, SIC Code 18201. Founded in September 2000, it's largest shareholder is christopher chin with a 50% stake. Vp Records (uk) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.7m with rapid growth in recent years.

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Vp Records (uk) Limited Health Check

Pomanda's financial health check has awarded Vp Records (Uk) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £6.7m, make it larger than the average company (£933.1k)

£6.7m - Vp Records (uk) Limited

£933.1k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 45%, show it is growing at a faster rate (8.1%)

45% - Vp Records (uk) Limited

8.1% - Industry AVG

production

Production

with a gross margin of 46.6%, this company has a comparable cost of product (46.6%)

46.6% - Vp Records (uk) Limited

46.6% - Industry AVG

profitability

Profitability

an operating margin of 10.4% make it more profitable than the average company (7%)

10.4% - Vp Records (uk) Limited

7% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (7)

3 - Vp Records (uk) Limited

7 - Industry AVG

paystructure

Pay Structure

on an average salary of £50k, the company has an equivalent pay structure (£50k)

£50k - Vp Records (uk) Limited

£50k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £2.2m, this is more efficient (£141k)

£2.2m - Vp Records (uk) Limited

£141k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 63 days, this is later than average (40 days)

63 days - Vp Records (uk) Limited

40 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 178 days, this is slower than average (35 days)

178 days - Vp Records (uk) Limited

35 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 35 days, this is more than average (24 days)

35 days - Vp Records (uk) Limited

24 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 36 weeks, this is more cash available to meet short term requirements (24 weeks)

36 weeks - Vp Records (uk) Limited

24 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 49.7%, this is a lower level of debt than the average (70.2%)

49.7% - Vp Records (uk) Limited

70.2% - Industry AVG

VP RECORDS (UK) LIMITED financials

EXPORTms excel logo

Vp Records (Uk) Limited's latest turnover from December 2023 is estimated at £6.7 million and the company has net assets of £3.9 million. According to their latest financial statements, Vp Records (Uk) Limited has 3 employees and maintains cash reserves of £2.8 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover6,708,8105,101,4603,870,0522,179,9962,913,1922,962,7632,564,6911,787,8781,148,8932,782,9942,846,5032,616,9892,436,4321,886,1940
Other Income Or Grants000000000000000
Cost Of Sales3,581,1002,695,4212,180,3561,189,9691,586,2461,670,0621,465,265992,419566,0441,376,0291,512,2701,426,9221,393,2791,045,1320
Gross Profit3,127,7102,406,0391,689,696990,0271,326,9461,292,7011,099,426795,460582,8491,406,9661,334,2331,190,0661,043,153841,0620
Admin Expenses2,428,5841,491,0531,302,406594,1561,106,0091,227,101869,605266,963236,048965,741891,247936,142831,628589,631145,656
Operating Profit699,126914,986387,290395,871220,93765,600229,821528,497346,801441,225442,986253,924211,525251,431-145,656
Interest Payable010,9307,19524,03050,62849,91483,864114,17559,792000012,67512,675
Interest Receivable126,93670,7483,8441,1658,5817,6174,8822,1034,7735,3604,4434,5994,7243,5211,301
Pre-Tax Profit826,063974,804383,940373,006178,89023,302150,840416,425291,781446,585447,430258,522216,249242,278-157,030
Tax-206,516-185,213-72,949-70,871-33,989-4,427-28,660-83,285-58,356-93,783-102,909-62,045-56,225-67,8380
Profit After Tax619,547789,591310,991302,135144,90118,875122,180333,140233,425352,802344,521196,477160,024174,440-157,030
Dividends Paid000000000000000
Retained Profit619,547789,591310,991302,135144,90118,875122,180333,140233,425352,802344,521196,477160,024174,440-157,030
Employee Costs149,939262,565168,639159,193132,068130,327120,284123,210129,272692,626739,956594,605534,512408,6140
Number Of Employees35443333316171513100
EBITDA*700,985917,465390,596400,279223,83165,639229,873528,566347,362441,816443,619254,612212,133251,618-145,407

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets5,5797,4389,91713,22317,6311161552072778381,4302,0632,293559746
Intangible Assets000000000000000
Investments & Other2,837,0072,837,0072,837,0072,837,0073,117,0293,117,0293,117,0293,117,0293,117,0293,117,0293,117,0293,117,0293,117,0293,117,0293,117,029
Debtors (Due After 1 year)0123,7860109,01500000023,15323,15323,1530235,762
Total Fixed Assets2,842,5862,968,2312,846,9242,959,2453,134,6603,117,1453,117,1843,117,2363,117,3063,117,8673,141,6123,142,2453,142,4753,117,5883,353,537
Stock & work in progress352,533320,692267,762274,280192,726191,288307,840128,900101,323114,67289,47092,40194,377122,32263,570
Trade Debtors1,167,810968,701754,546562,468493,500496,429425,162398,371252,850334,956305,162286,119262,102282,524151,230
Group Debtors705,077413,662346,544297,449241,380202,127158,700109,513143,713000000
Misc Debtors11,97111,97111,97011,97011,9714,2684,2678,17627,062000000
Cash2,770,4122,065,2631,977,4541,097,7221,232,0561,056,220974,875978,057704,2561,204,835939,130838,2571,001,269888,297520,272
misc current assets000000001,245000000
total current assets5,007,8033,780,2893,358,2762,243,8892,171,6331,950,3321,870,8441,623,0171,230,4491,654,4631,333,7621,216,7771,357,7481,293,143735,072
total assets7,850,3896,748,5206,205,2005,203,1345,306,2935,067,4774,988,0284,740,2534,347,7554,772,3304,475,3744,359,0224,500,2234,410,7314,088,609
Bank overdraft006911900000000000
Bank loan0000147,120145,606139,480134,6850000000
Trade Creditors 1,747,219853,1711,184,138209,997000001,694,4701,461,4071,281,0881,229,401675,834429,016
Group/Directors Accounts0207,735276,717439,298775,201748,101794,450772,682754,325000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities2,157,1492,361,1401,977,3532,327,8281,819,5871,828,1731,667,011515,928449,004000000
total current liabilities3,904,3683,422,0463,438,2772,977,2422,741,9082,721,8802,600,9411,423,2951,203,3291,694,4701,461,4071,281,0881,229,401675,834429,016
loans00230,0400640,628566,741627,1061,679,1571,839,76500000390,000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities0000000002,006,6242,295,5332,704,0213,093,3863,717,4853,426,621
provisions000000000000000
total long term liabilities00230,0400640,628566,741627,1061,679,1571,839,7652,006,6242,295,5332,704,0213,093,3863,717,4853,816,621
total liabilities3,904,3683,422,0463,668,3172,977,2423,382,5363,288,6213,228,0473,102,4523,043,0943,701,0943,756,9403,985,1094,322,7874,393,3194,245,637
net assets3,946,0213,326,4742,536,8832,225,8921,923,7571,778,8561,759,9811,637,8011,304,6611,071,236718,434373,913177,43617,412-157,028
total shareholders funds3,946,0213,326,4742,536,8832,225,8921,923,7571,778,8561,759,9811,637,8011,304,6611,071,236718,434373,913177,43617,412-157,028
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit699,126914,986387,290395,871220,93765,600229,821528,497346,801441,225442,986253,924211,525251,431-145,656
Depreciation1,8592,4793,3064,4082,894395269561591633688608187249
Amortisation000000000000000
Tax-206,516-185,213-72,949-70,871-33,989-4,427-28,660-83,285-58,356-93,783-102,909-62,045-56,225-67,8380
Stock31,84152,930-6,51881,5541,438-116,552178,94027,577-13,34925,202-2,931-1,976-27,94558,75263,570
Debtors366,738405,060132,158234,05144,027114,69572,06992,43588,6696,64119,04324,0172,731-104,468386,992
Creditors894,048-330,967974,141209,9970000-1,694,470233,063180,31951,687553,567246,818429,016
Accruals and Deferred Income-203,991383,787-350,475508,241-8,586161,1621,151,08366,924449,004000000
Deferred Taxes & Provisions000000000000000
Cash flow from operations785,947327,082815,673732,041135,791224,2311,101,287392,193-1,031,780549,253504,917222,213734,689476,314-166,953
Investing Activities
capital expenditure0000-20,409001010-458-2,3420-995
Change in Investments000-280,02200000000003,117,029
cash flow from investments000280,022-20,409001010-458-2,3420-3,118,024
Financing Activities
Bank loans000-147,1201,5146,1264,795134,6850000000
Group/Directors Accounts-207,735-68,982-162,581-335,90327,100-46,34921,76818,357754,325000000
Other Short Term Loans 000000000000000
Long term loans0-230,040230,040-640,62873,887-60,365-1,052,051-160,6081,839,7650000-390,000390,000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities00000000-2,006,624-288,909-408,488-389,365-624,099290,8643,426,621
share issue000000000000002
interest126,93659,818-3,351-22,865-42,047-42,297-78,982-112,072-55,0195,3604,4434,5994,724-9,154-11,374
cash flow from financing-80,799-239,20464,108-1,146,51660,454-142,885-1,104,470-119,638532,447-283,549-404,045-384,766-619,375-108,2903,805,249
cash and cash equivalents
cash705,14987,809879,732-134,334175,83681,345-3,182273,801-500,579265,705100,873-163,012112,972368,025520,272
overdraft0-69-5011900000000000
change in cash705,14987,878879,782-134,453175,83681,345-3,182273,801-500,579265,705100,873-163,012112,972368,025520,272

vp records (uk) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Vp Records (uk) Limited Competitor Analysis

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Perform a competitor analysis for vp records (uk) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in W1W area or any other competitors across 12 key performance metrics.

vp records (uk) limited Ownership

VP RECORDS (UK) LIMITED group structure

Vp Records (Uk) Limited has 1 subsidiary company.

Ultimate parent company

VP RECORDS (UK) LIMITED

04073590

1 subsidiary

VP RECORDS (UK) LIMITED Shareholders

christopher chin 50%
vincent chin 50%

vp records (uk) limited directors

Vp Records (Uk) Limited currently has 2 directors. The longest serving directors include Mr Christopher Chin (Sep 2000) and Mr Vincent Chin (Sep 2000).

officercountryagestartendrole
Mr Christopher ChinUnited Kingdom65 years Sep 2000- Director
Mr Vincent ChinUnited Kingdom62 years Sep 2000- Director

P&L

December 2023

turnover

6.7m

+32%

operating profit

699.1k

0%

gross margin

46.7%

-1.15%

turnover

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

Balance Sheet

December 2023

net assets

3.9m

+0.19%

total assets

7.9m

+0.16%

cash

2.8m

+0.34%

net assets

Total assets minus all liabilities

vp records (uk) limited company details

company number

04073590

Type

Private limited with Share Capital

industry

59200 - Sound recording and music publishing activities

18201 - Reproduction of sound recording

incorporation date

September 2000

age

24

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

101 new cavendish street, 1st floor south, london, W1W 6XH

Bank

-

Legal Advisor

-

vp records (uk) 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 3 charges/mortgages relating to vp records (uk) limited. Currently there are 3 open charges and 0 have been satisfied in the past.

charges

vp records (uk) limited Companies House Filings - See Documents

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