Declan Colgan Music Ltd

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SOLUTIONS

declan colgan music ltd Company Information

Company Number

04924259

Next Accounts

Jul 2025

Directors

Declan Colgan

Denice Colgan

Shareholders

declan colgan & denice colgan

Group Structure

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Industry

Sound recording and music publishing activities

Registered Address

recovery house hainault business, roebuck road, ilford, essex, IG6 3TU

Website

declan colgan music ltd Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of DECLAN COLGAN MUSIC LTD at £1.5m based on a Turnover of £2.9m and 0.52x industry multiple (adjusted for size and gross margin).

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Declan Colgan Music Ltd is a live company located in ilford, IG6 3TU with a Companies House number of 04924259. It operates in the sound recording and music publishing activities sector, SIC Code 59200. Founded in October 2003, it's largest shareholder is declan colgan & denice colgan with a 100% stake. Declan Colgan Music Ltd is a mature, small sized company, Pomanda has estimated its turnover at £2.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Declan Colgan Music Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £2.9m, make it larger than the average company (£451.5k)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (11.2%)

EXPORT

Declan Colgan Music Ltd's latest turnover from October 2023 is estimated at £2.9 million and the company has net assets of £813.9 thousand. According to their latest financial statements, Declan Colgan Music Ltd has 4 employees and maintains cash reserves of £655.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	2,902,202	2,876,023	1,903,290	2,915,525	4,073,381	2,365,759	1,261,025	6,593,864	3,396,684	1,247,914	3,173,195	2,624,762	1,752,712	933,478	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,578,721	1,672,993	1,158,583	1,549,376	2,214,456	1,218,589	690,551	3,304,178	1,699,775	627,992	1,623,732	1,257,957	845,591	463,136	0
Gross Profit	1,323,480	1,203,030	744,707	1,366,148	1,858,924	1,147,170	570,474	3,289,686	1,696,909	619,922	1,549,463	1,366,806	907,122	470,342	0
Admin Expenses	1,536,341	1,434,166	811,581	1,258,682	1,541,612	926,630	193,650	2,985,322	1,991,057	527,441	1,309,554	1,361,206	901,895	394,790	-210,576
Operating Profit	-212,861	-231,136	-66,874	107,466	317,312	220,540	376,824	304,364	-294,148	92,481	239,909	5,600	5,227	75,552	210,576
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	34,811	18,766	1,103	1,210	7,536	5,222	1,133	710	1,915	2,113	1,675	1,446	1,249	1,100	459
Pre-Tax Profit	-178,050	-212,370	-65,771	108,675	324,848	225,762	377,957	305,074	-292,233	94,594	241,584	7,046	6,476	76,653	211,035
Tax	0	0	0	-20,648	-61,721	-42,895	-71,812	-61,015	0	-19,865	-55,564	-1,691	-1,684	-21,463	-59,090
Profit After Tax	-178,050	-212,370	-65,771	88,027	263,127	182,867	306,145	244,059	-292,233	74,729	186,020	5,355	4,792	55,190	151,945
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-178,050	-212,370	-65,771	88,027	263,127	182,867	306,145	244,059	-292,233	74,729	186,020	5,355	4,792	55,190	151,945
Employee Costs	146,575	157,594	168,555	185,790	143,502	138,067	123,783	1,218,564	705,366	238,512	672,718	532,229	336,034	277,111	0
Number Of Employees	4	4	4	4	3	3	3	27	15	5	14	12	7	6	0
EBITDA*	-211,450	-229,031	-63,730	111,111	337,900	241,578	394,674	322,859	-277,401	108,360	255,806	13,978	14,214	85,448	218,010

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	2,864	4,275	6,380	7,401	17,515	35,468	45,716	46,301	13,337	10,384	24,760	9,653	18,031	27,018	21,294
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,864	4,275	6,380	7,401	17,515	35,468	45,716	46,301	13,337	10,384	24,760	9,653	18,031	27,018	21,294
Stock & work in progress	500,000	400,000	250,000	250,000	200,000	200,000	150,000	49,173	130,000	170,000	150,000	40,000	20,000	30,000	20,000
Trade Debtors	257,786	293,098	220,092	361,911	715,180	336,764	201,564	747,241	406,827	152,041	403,780	334,961	255,143	128,547	166,061
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	71,078	201,761	253,072	253,741	14,559	75,355	108,909	44,328	0	0	0	0	0	0	0
Cash	655,582	670,548	997,546	1,208,758	1,210,566	798,953	593,569	312,524	255,243	510,833	334,436	335,708	242,781	256,653	183,516
misc current assets	0	0	0	0	21	0	0	0	0	0	0	0	0	0	0
total current assets	1,484,446	1,565,407	1,720,710	2,074,410	2,140,326	1,411,072	1,054,042	1,153,266	792,070	832,874	888,216	710,669	517,924	415,200	369,577
total assets	1,487,310	1,569,682	1,727,090	2,081,811	2,157,841	1,446,540	1,099,758	1,199,567	805,407	843,258	912,976	720,322	535,955	442,218	390,871
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	610,034	568,951	489,526	723,758	127,875	229,580	49,897	250,887	619,510	365,128	509,575	502,941	323,929	234,984	238,827
Group/Directors Accounts	0	0	0	0	735	794	987	1,241	0	0	0	0	0	0	0
other short term finances	0	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	0
other current liabilities	63,345	8,750	33,213	87,931	847,136	297,198	312,773	517,483	0	0	0	0	0	0	0
total current liabilities	673,379	577,701	522,739	811,689	975,746	527,572	363,657	769,611	619,510	365,128	509,575	502,941	323,929	234,984	238,827
loans	0	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	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	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	673,379	577,701	522,739	811,689	975,746	527,572	363,657	769,611	619,510	365,128	509,575	502,941	323,929	234,984	238,827
net assets	813,931	991,981	1,204,351	1,270,122	1,182,095	918,968	736,101	429,956	185,897	478,130	403,401	217,381	212,026	207,234	152,044
total shareholders funds	813,931	991,981	1,204,351	1,270,122	1,182,095	918,968	736,101	429,956	185,897	478,130	403,401	217,381	212,026	207,234	152,044

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-212,861	-231,136	-66,874	107,466	317,312	220,540	376,824	304,364	-294,148	92,481	239,909	5,600	5,227	75,552	210,576
Depreciation	1,411	2,105	3,144	3,645	20,588	21,038	17,850	18,495	16,747	15,879	15,897	8,378	8,987	9,896	7,434
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-20,648	-61,721	-42,895	-71,812	-61,015	0	-19,865	-55,564	-1,691	-1,684	-21,463	-59,090
Stock	100,000	150,000	0	50,000	0	50,000	100,827	-80,827	-40,000	20,000	110,000	20,000	-10,000	10,000	20,000
Debtors	-165,995	21,695	-142,488	-114,087	317,620	101,646	-481,096	384,742	254,786	-251,739	68,819	79,818	126,596	-37,514	166,061
Creditors	41,083	79,425	-234,232	595,883	-101,705	179,683	-200,990	-368,623	254,382	-144,447	6,634	179,012	88,945	-3,843	238,827
Accruals and Deferred Income	54,595	-24,463	-54,718	-759,205	549,938	-15,575	-204,710	517,483	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-49,777	-345,764	-210,192	-8,772	406,792	211,145	297,431	106,789	-237,805	175,787	28,057	91,481	-15,121	87,656	211,686
Investing Activities
capital expenditure	0	0	-2,123	6,469	-2,635	-10,790	-17,265	-51,459	-19,700	-1,503	-31,004	0	0	-15,620	-28,728
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-2,123	6,469	-2,635	-10,790	-17,265	-51,459	-19,700	-1,503	-31,004	0	0	-15,620	-28,728
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	-735	-59	-193	-254	1,241	0	0	0	0	0	0	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	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	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	99
interest	34,811	18,766	1,103	1,210	7,536	5,222	1,133	710	1,915	2,113	1,675	1,446	1,249	1,100	459
cash flow from financing	34,811	18,766	1,103	475	7,477	5,029	879	1,951	1,915	2,113	1,675	1,446	1,249	1,100	558
cash and cash equivalents
cash	-14,966	-326,998	-211,212	-1,808	411,613	205,384	281,045	57,281	-255,590	176,397	-1,272	92,927	-13,872	73,137	183,516
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-14,966	-326,998	-211,212	-1,808	411,613	205,384	281,045	57,281	-255,590	176,397	-1,272	92,927	-13,872	73,137	183,516

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DECLAN COLGAN MUSIC LTD group structure

Declan Colgan Music Ltd has no subsidiary companies.

Ultimate parent company

DECLAN COLGAN MUSIC LTD

04924259

DECLAN COLGAN MUSIC LTD Shareholders

declan colgan & denice colgan

100%

Declan Colgan Music Ltd currently has 2 directors. The longest serving directors include Mr Declan Colgan (Oct 2003) and Mrs Denice Colgan (Jun 2017).

officer	country	age	start	end	role
Mr Declan Colgan		64 years	Oct 2003	-	Director
Mrs Denice Colgan	United Kingdom	59 years	Jun 2017	-	Director

P&L

October 2023

turnover

2.9m

+1%

operating profit

-212.9k

gross margin

45.7%

+9.02%

turnover

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

Balance Sheet

October 2023

net assets

813.9k

-0.18%

total assets

1.5m

-0.05%

cash

655.6k

-0.02%

net assets

Total assets minus all liabilities

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company number

04924259

Type

Private limited with Share Capital

industry

59200 - Sound recording and music publishing activities

incorporation date

October 2003

ultimate parent company

None

previous names

N/A

address

recovery house hainault business, roebuck road, ilford, essex, IG6 3TU

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.

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declan colgan music ltd Company Information

declan colgan music ltd Estimated Valuation

declan colgan music ltd Estimated Valuation

declan colgan music ltd Estimated Valuation

Declan Colgan Music Ltd Overview

Declan Colgan Music Ltd Health Check

DECLAN COLGAN MUSIC LTD financials

declan colgan music ltd Credit Report and Business Information

Declan Colgan Music Ltd Competitor Analysis

declan colgan music ltd Ownership

declan colgan music ltd directors

declan colgan music ltd company details

declan colgan music ltd Charges & Mortgages

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