ignition music limited
ignition music limited Company Information
Company Number
04408497
Website
ignitionmusic.netRegistered Address
88-90 baker street, london, W1U 6TQ
Industry
Sound recording and music publishing activities
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
alexander mckinlay 50%
john marcus russell 50%
ignition music limited Estimated Valuation
Pomanda estimates the enterprise value of IGNITION MUSIC LIMITED at £7.8k based on a Turnover of £17.8k and 0.43x industry multiple (adjusted for size and gross margin).
ignition music limited Estimated Valuation
Pomanda estimates the enterprise value of IGNITION MUSIC LIMITED at £0 based on an EBITDA of £-3k and a 1.92x industry multiple (adjusted for size and gross margin).
ignition music limited Estimated Valuation
Pomanda estimates the enterprise value of IGNITION MUSIC LIMITED at £0 based on Net Assets of £-28.9k and 1.16x industry multiple (adjusted for liquidity).
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Ignition Music Limited Overview
Ignition Music Limited is a live company located in london, W1U 6TQ with a Companies House number of 04408497. It operates in the sound recording and music publishing activities sector, SIC Code 59200. Founded in April 2002, it's largest shareholder is alexander mckinlay with a 50% stake. Ignition Music Limited is a mature, micro sized company, Pomanda has estimated its turnover at £17.8k with high growth in recent years.
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Ignition Music Limited Health Check
Pomanda's financial health check has awarded Ignition Music Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £17.8k, make it smaller than the average company (£657.6k)
- Ignition Music Limited
£657.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (8.5%)
- Ignition Music Limited
8.5% - Industry AVG
Production
with a gross margin of 19.6%, this company has a higher cost of product (41.8%)
- Ignition Music Limited
41.8% - Industry AVG
Profitability
an operating margin of -16.8% make it less profitable than the average company (6.8%)
- Ignition Music Limited
6.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
- Ignition Music Limited
4 - Industry AVG
Pay Structure
on an average salary of £48k, the company has an equivalent pay structure (£48k)
- Ignition Music Limited
£48k - Industry AVG
Efficiency
resulting in sales per employee of £17.8k, this is less efficient (£137.9k)
- Ignition Music Limited
£137.9k - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is near the average (31 days)
- Ignition Music Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 724 days, this is slower than average (44 days)
- Ignition Music Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ignition Music Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ignition Music Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1663.8%, this is a higher level of debt than the average (76.2%)
1663.8% - Ignition Music Limited
76.2% - Industry AVG
ignition music limited Credit Report and Business Information
Ignition Music Limited Competitor Analysis
Perform a competitor analysis for ignition music limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
ignition music limited Ownership
IGNITION MUSIC LIMITED group structure
Ignition Music Limited has no subsidiary companies.
Ultimate parent company
IGNITION MUSIC LIMITED
04408497
ignition music limited directors
Ignition Music Limited currently has 2 directors. The longest serving directors include Mr Alexander McKinlay (Apr 2002) and Mr John Russell (Apr 2002).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alexander McKinlay | 57 years | Apr 2002 | - | Director | |
| Mr John Russell | 71 years | Apr 2002 | - | Director |
IGNITION MUSIC LIMITED financials
Ignition Music Limited's latest turnover from December 2022 is estimated at £17.8 thousand and the company has net assets of -£28.9 thousand. According to their latest financial statements, we estimate that Ignition Music Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 28,877 | 23,955 | ||||||||||||
| Other Income Or Grants | 0 | 0 | ||||||||||||
| Cost Of Sales | 28,143 | 28,331 | ||||||||||||
| Gross Profit | 734 | -4,376 | ||||||||||||
| Admin Expenses | -6,566 | 9,141 | ||||||||||||
| Operating Profit | 7,300 | -13,517 | ||||||||||||
| Interest Payable | 0 | 0 | ||||||||||||
| Interest Receivable | 0 | 0 | ||||||||||||
| Pre-Tax Profit | 7,300 | -13,517 | ||||||||||||
| Tax | 0 | 0 | ||||||||||||
| Profit After Tax | 7,300 | -13,517 | ||||||||||||
| Dividends Paid | 0 | 0 | ||||||||||||
| Retained Profit | 7,300 | -13,517 | ||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | ||||||||||||||
| EBITDA* | 7,300 | -13,517 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,737 | 2,808 | 3,366 | 2,402 | 8,518 | 12,557 | 13,082 | 3,704 | 853 | 999 | 1,135 | 21,343 | 2,666 | 959 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 108 | 135 | 148 | 393 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 623 | 2,791 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,184 | 3,055 | 3,025 | 2,926 | 2,368 | 3,813 | 5,178 |
| misc current assets | 0 | 0 | 0 | 0 | 362 | 414 | 594 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,845 | 2,943 | 3,514 | 2,795 | 8,880 | 12,971 | 13,676 | 5,888 | 3,908 | 4,024 | 4,061 | 24,334 | 9,270 | 6,137 |
| total assets | 1,845 | 2,943 | 3,514 | 2,795 | 8,880 | 12,971 | 13,676 | 5,888 | 3,908 | 4,024 | 4,061 | 24,334 | 9,270 | 6,137 |
| 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 | 28,458 | 26,452 | 22,096 | 15,452 | 15,446 | 15,448 | 15,446 | 19,519 | 17,945 | 17,902 | 17,948 | 5,489 | 17,648 | 2,318 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,446 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,689 | 12,766 | 0 |
| total current liabilities | 28,458 | 26,452 | 22,096 | 15,452 | 15,446 | 15,448 | 15,446 | 19,519 | 17,945 | 17,902 | 17,948 | 38,178 | 30,414 | 13,764 |
| 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 | 2,239 | 2,348 | 2,285 | 2,489 | 2,489 | 2,489 | 2,489 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,239 | 2,348 | 2,285 | 2,489 | 2,489 | 2,489 | 2,489 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 30,697 | 28,800 | 24,381 | 17,941 | 17,935 | 17,937 | 17,935 | 19,519 | 17,945 | 17,902 | 17,948 | 38,178 | 30,414 | 13,764 |
| net assets | -28,852 | -25,857 | -20,867 | -15,146 | -9,055 | -4,966 | -4,259 | -13,631 | -14,037 | -13,878 | -13,887 | -13,844 | -21,144 | -7,627 |
| total shareholders funds | -28,852 | -25,857 | -20,867 | -15,146 | -9,055 | -4,966 | -4,259 | -13,631 | -14,037 | -13,878 | -13,887 | -13,844 | -21,144 | -7,627 |
| 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 | 7,300 | -13,517 | ||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | ||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,098 | -571 | 719 | -5,723 | -4,039 | -525 | 9,378 | 2,851 | -146 | -136 | -20,831 | 16,509 | 4,498 | 959 |
| Creditors | 2,006 | 4,356 | 6,644 | 6 | -2 | 2 | -4,073 | 1,574 | 43 | -46 | 12,459 | -12,159 | 15,330 | 2,318 |
| Accruals and Deferred Income | -109 | 63 | -204 | 0 | 0 | 0 | 2,489 | 0 | 0 | 0 | -32,689 | 19,923 | 12,766 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -1,445 | 10,081 | ||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11,446 | 11,446 |
| 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 | ||||||||||||
| cash flow from financing | 0 | -11,446 | ||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -2,184 | -871 | 30 | 99 | 558 | -1,445 | -1,365 | 5,178 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -2,184 | -871 | 30 | 99 | 558 | -1,445 | -1,365 | 5,178 |
P&L
December 2022turnover
17.8k
-4%
operating profit
-3k
0%
gross margin
19.6%
-1.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-28.9k
+0.12%
total assets
1.8k
-0.37%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
ignition music limited company details
company number
04408497
Type
Private limited with Share Capital
industry
59200 - Sound recording and music publishing activities
incorporation date
April 2002
age
22
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
88-90 baker street, london, W1U 6TQ
last accounts submitted
December 2022
ignition music 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 did not find charges/mortgages relating to ignition music limited.
ignition music limited Companies House Filings - See Documents
| date | description | view/download |
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