Audioworks (north West) Limited

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audioworks (north west) limited Company Information

Live

MatureSmallHealthy

Company Number

05186126

Next Accounts

Nov 2025

Industry

Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

Directors

Michelle Hodgson

James Hudspeth

Shareholders

james reed hudspeth

Group Structure

View All

Contact

Registered Address

unit 2a bentham business park, bentham, lancaster, lancashire, LA2 7NB

Website

www.audioworks.co.uk

audioworks (north west) limited Estimated Valuation

£252.7k

Pomanda estimates the enterprise value of AUDIOWORKS (NORTH WEST) LIMITED at £252.7k based on Net Assets of £115.1k and 2.2x industry multiple (adjusted for liquidity).

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Audioworks (north West) Limited is a live company located in lancaster, LA2 7NB with a Companies House number of 05186126. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in July 2004, it's largest shareholder is james reed hudspeth with a 100% stake. Audioworks (north West) Limited is a mature, small sized company, Pomanda has estimated its turnover at £505.4k with healthy growth in recent years.

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Pomanda's financial health check has awarded Audioworks (North West) Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

1 Regular

8 Weak

Size

annual sales of £505.4k, make it smaller than the average company (£1.6m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (7.8%)

EXPORT

Audioworks (North West) Limited's latest turnover from February 2024 is estimated at £505.4 thousand and the company has net assets of £115.1 thousand. According to their latest financial statements, Audioworks (North West) Limited has 8 employees and maintains cash reserves of £63.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	505,449	459,066	538,560	359,576	447,377	412,539	449,677	703,636	582,403	416,628	327,911	566,270	274,620	414,094	225,978	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	383,149	343,592	413,443	274,451	327,927	304,765	332,502	516,448	425,269	304,896	239,369	411,174	194,091	297,795	159,529	0
Gross Profit	122,299	115,475	125,116	85,125	119,450	107,774	117,175	187,188	157,134	111,733	88,542	155,096	80,529	116,299	66,448	0
Admin Expenses	70,266	86,111	177,425	87,886	147,680	111,148	100,656	118,214	149,820	96,901	94,594	185,992	71,384	158,252	51,550	-140,573
Operating Profit	52,033	29,364	-52,309	-2,761	-28,230	-3,374	16,519	68,974	7,314	14,832	-6,052	-30,896	9,145	-41,953	14,898	140,573
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	5,788	3,708	421	127	860	820	260	73	357	509	504	472	392	457	527	197
Pre-Tax Profit	57,821	33,072	-51,888	-2,634	-27,370	-2,554	16,779	69,048	7,671	15,341	-5,548	-30,424	9,537	-41,496	15,425	140,769
Tax	-14,455	-6,284	0	0	0	0	-3,188	-13,809	-1,534	-3,222	0	0	-2,289	0	-4,319	-39,415
Profit After Tax	43,366	26,788	-51,888	-2,634	-27,370	-2,554	13,591	55,238	6,137	12,119	-5,548	-30,424	7,248	-41,496	11,106	101,354
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	43,366	26,788	-51,888	-2,634	-27,370	-2,554	13,591	55,238	6,137	12,119	-5,548	-30,424	7,248	-41,496	11,106	101,354
Employee Costs	386,867	341,340	322,221	306,927	310,603	308,283	305,253	302,485	128,986	128,750	83,238	122,679	79,886	115,839	76,152	0
Number Of Employees	8	7	7	7	7	7	7	7	3	3	2	3	2	3	2	0
EBITDA*	65,718	46,216	-37,413	8,346	-15,396	7,638	16,519	68,974	20,530	29,824	1,070	-20,422	19,089	-32,630	24,848	150,601

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	33,806	46,570	43,984	37,146	46,938	45,331	53,919	65,585	64,158	73,594	46,856	33,348	33,368	29,447	35,254	38,094
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	33,806	46,570	43,984	37,146	46,938	45,331	53,919	65,585	64,158	73,594	46,856	33,348	33,368	29,447	35,254	38,094
Stock & work in progress	51,562	48,599	42,117	39,533	43,705	40,225	32,408	0	26,516	24,322	19,293	15,774	20,483	24,668	26,311	27,861
Trade Debtors	156,155	108,379	176,531	75,886	115,054	110,415	133,720	243,465	155,011	96,155	67,621	145,879	62,600	113,463	52,931	84,923
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	3,752	2,979	3,667	3,371	3,484	0	0	0	0	0	0	0	0	0	0	0
Cash	63,396	157,105	28,291	140,127	114,437	114,864	103,890	0	58,454	84,425	118,987	82,662	105,954	50,957	131,894	78,742
misc current assets	0	0	0	0	0	3,870	2,734	2,886	0	0	0	0	0	0	0	0
total current assets	274,865	317,062	250,606	258,917	276,680	269,374	272,752	246,351	239,981	204,902	205,901	244,315	189,037	189,088	211,136	191,526
total assets	308,671	363,632	294,590	296,063	323,618	314,705	326,671	311,936	304,139	278,496	252,757	277,663	222,405	218,535	246,390	229,620
Bank overdraft	0	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	0
Trade Creditors	177,920	280,889	240,018	191,293	214,824	178,736	186,383	194,070	235,455	214,769	203,102	224,099	139,427	143,068	128,581	124,619
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	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	0
hp & lease commitments	0	0	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	0	0	0	0	0
total current liabilities	177,920	280,889	240,018	191,293	214,824	178,736	186,383	194,070	235,455	214,769	203,102	224,099	139,427	143,068	128,581	124,619
loans	0	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	0
Accruals and Deferred Income	7,246	2,661	2,281	2,402	2,444	3,066	3,711	2,132	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	0
provisions	8,452	8,395	7,392	5,581	6,929	6,112	7,232	0	8,168	9,348	7,395	5,756	4,746	4,483	5,329	3,627
total long term liabilities	15,698	11,056	9,673	7,983	9,373	9,178	10,943	2,132	8,168	9,348	7,395	5,756	4,746	4,483	5,329	3,627
total liabilities	193,618	291,945	249,691	199,276	224,197	187,914	197,326	196,202	243,623	224,117	210,497	229,855	144,173	147,551	133,910	128,246
net assets	115,053	71,687	44,899	96,787	99,421	126,791	129,345	115,734	60,516	54,379	42,260	47,808	78,232	70,984	112,480	101,374
total shareholders funds	115,053	71,687	44,899	96,787	99,421	126,791	129,345	115,734	60,516	54,379	42,260	47,808	78,232	70,984	112,480	101,374

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	52,033	29,364	-52,309	-2,761	-28,230	-3,374	16,519	68,974	7,314	14,832	-6,052	-30,896	9,145	-41,953	14,898	140,573
Depreciation	13,685	16,852	14,896	11,107	12,834	11,012	0	0	13,216	14,992	7,122	10,474	9,944	9,323	9,950	10,028
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-14,455	-6,284	0	0	0	0	-3,188	-13,809	-1,534	-3,222	0	0	-2,289	0	-4,319	-39,415
Stock	2,963	6,482	2,584	-4,172	3,480	7,817	32,408	-26,516	2,194	5,029	3,519	-4,709	-4,185	-1,643	-1,550	27,861
Debtors	48,549	-68,840	100,941	-39,281	8,123	-23,305	-109,745	88,454	58,856	28,534	-78,258	83,279	-50,863	60,532	-31,992	84,923
Creditors	-102,969	40,871	48,725	-23,531	36,088	-7,647	-7,687	-41,385	20,686	11,667	-20,997	84,672	-3,641	14,487	3,962	124,619
Accruals and Deferred Income	4,585	380	-121	-42	-622	-645	1,579	2,132	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	57	1,003	1,811	-1,348	817	-1,120	7,232	-8,168	-1,180	1,953	1,639	1,010	263	-846	1,702	3,627
Cash flow from operations	-98,576	144,544	-90,523	26,878	9,284	13,714	91,792	-54,194	-22,548	6,659	56,451	-13,310	68,470	-77,878	59,735	126,648
Investing Activities
capital expenditure	-921	-19,438	-21,734	-1,315	-14,441	-2,424	11,666	-1,427	-3,780	-41,730	-20,630	-10,454	-13,865	-3,516	-7,110	-48,122
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-921	-19,438	-21,734	-1,315	-14,441	-2,424	11,666	-1,427	-3,780	-41,730	-20,630	-10,454	-13,865	-3,516	-7,110	-48,122
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	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	0
share issue	0	0	0	0	0	0	20	-20	0	0	0	0	0	0	0	20
interest	5,788	3,708	421	127	860	820	260	73	357	509	504	472	392	457	527	197
cash flow from financing	5,788	3,708	421	127	860	820	280	53	357	509	504	472	392	457	527	217
cash and cash equivalents
cash	-93,709	128,814	-111,836	25,690	-427	10,974	103,890	-58,454	-25,971	-34,562	36,325	-23,292	54,997	-80,937	53,152	78,742
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-93,709	128,814	-111,836	25,690	-427	10,974	103,890	-58,454	-25,971	-34,562	36,325	-23,292	54,997	-80,937	53,152	78,742

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AUDIOWORKS (NORTH WEST) LIMITED group structure

Audioworks (North West) Limited has no subsidiary companies.

Ultimate parent company

AUDIOWORKS (NORTH WEST) LIMITED

05186126

AUDIOWORKS (NORTH WEST) LIMITED Shareholders

james reed hudspeth

100%

Audioworks (North West) Limited currently has 2 directors. The longest serving directors include Mrs Michelle Hodgson (Jul 2004) and Mr James Hudspeth (May 2024).

officer	country	age	start	end	role
Mrs Michelle Hodgson	United Kingdom	53 years	Jul 2004	-	Director
Mr James Hudspeth	England	42 years	May 2024	-	Director

P&L

February 2024

turnover

505.4k

+10%

operating profit

52k

gross margin

24.2%

-3.81%

turnover

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

Balance Sheet

February 2024

net assets

115.1k

+0.6%

total assets

308.7k

-0.15%

cash

63.4k

-0.6%

net assets

Total assets minus all liabilities

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company number

05186126

Type

Private limited with Share Capital

industry

74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

incorporation date

July 2004

ultimate parent company

None

previous names

N/A

address

unit 2a bentham business park, bentham, lancaster, lancashire, LA2 7NB

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 1 charges/mortgages relating to audioworks (north west) limited. Currently there are 1 open charges and 0 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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audioworks (north west) limited Company Information

audioworks (north west) limited Estimated Valuation

audioworks (north west) limited Estimated Valuation

audioworks (north west) limited Estimated Valuation

Audioworks (north West) Limited Overview

Audioworks (north West) Limited Health Check

AUDIOWORKS (NORTH WEST) LIMITED financials

audioworks (north west) limited Credit Report and Business Information

Audioworks (north West) Limited Competitor Analysis

audioworks (north west) limited Ownership

audioworks (north west) limited directors

audioworks (north west) limited company details

audioworks (north west) limited Charges & Mortgages

audioworks (north west) limited Capital Raised & Share Issues BETA

audioworks (north west) limited Companies House Filings - See Documents