Drownedinsound.com Limited

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drownedinsound.com limited Company Information

Dissolved

Company Number

05424875

Next Accounts

Dec 2024

Industry

Support activities to performing arts

Directors

Sean Adams

Shareholders

quietus group ltd

Group Structure

View All

Contact

Registered Address

3rd floor, colwyn chambers, 19 york street, manchester, M2 3BA

Website

drownedinsound.com

drownedinsound.com limited Estimated Valuation

£23.4k

Pomanda estimates the enterprise value of DROWNEDINSOUND.COM LIMITED at £23.4k based on a Turnover of £38.2k and 0.61x industry multiple (adjusted for size and gross margin).

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Drownedinsound.com Limited is a dissolved company that was located in manchester, M2 3BA with a Companies House number of 05424875. It operated in the support activities to performing arts sector, SIC Code 90020. Founded in April 2005, it's largest shareholder was quietus group ltd with a 100% stake. The last turnover for Drownedinsound.com Limited was estimated at £38.2k.

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Pomanda's financial health check has awarded Drownedinsound.Com Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

0 Strong

3 Regular

8 Weak

Size

annual sales of £38.2k, make it smaller than the average company (£281.9k)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (2.3%)

EXPORT

Drownedinsound.Com Limited's latest turnover from March 2021 is estimated at £38.2 thousand and the company has net assets of -£774.4 thousand. According to their latest financial statements, Drownedinsound.Com Limited has 1 employee and maintains cash reserves of £891 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	38,234	49,361	43,675	41,045	38,870	35,732	236,018	289,034	400,803	350,932	377,759	377,505
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	24,070	32,824	29,043	26,505	22,198	21,133	143,076	182,129	257,442	234,591	243,271	237,423
Gross Profit	14,164	16,537	14,632	14,540	16,672	14,599	92,943	106,905	143,361	116,340	134,488	140,083
Admin Expenses	16,654	20,098	13,663	21,358	21,046	12,542	84,472	121,596	128,963	127,715	108,055	140,086
Operating Profit	-2,490	-3,561	969	-6,818	-4,374	2,057	8,471	-14,691	14,398	-11,375	26,433	-3
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	2	2	20	24	15	37	30	54	56	15	9	0
Pre-Tax Profit	-2,489	-3,559	989	-6,794	-4,359	2,094	8,501	-14,637	14,454	-11,360	26,442	0
Tax	0	0	-188	0	0	-419	-1,785	0	-3,469	0	-7,404	0
Profit After Tax	-2,489	-3,559	801	-6,794	-4,359	1,675	6,716	-14,637	10,985	-11,360	19,038	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-2,489	-3,559	801	-6,794	-4,359	1,675	6,716	-14,637	10,985	-11,360	19,038	0
Employee Costs	27,290	26,747	26,149	23,185	23,539	23,919	102,037	107,076	160,560	123,560	123,066	121,912
Number Of Employees	1	1	1	1	1	1	4	4	6	5	5	5
EBITDA*	-1,676	-2,476	2,415	-4,890	-1,803	5,485	13,042	-9,457	17,059	-7,827	30,806	5,827

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	2,438	3,252	4,338	5,784	7,712	10,283	13,711	15,701	7,984	10,645	13,119	17,492
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,438	3,252	4,338	5,784	7,712	10,283	13,711	15,701	7,984	10,645	13,119	17,492
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,156	0	1,360	1,151	1,639	422	5,357	6,928	14,454	13,226	21,900	25,222
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	41	200	1,027	806	1,457	13,839	0	0	0	0	0	0
Cash	891	2,109	2,690	2,580	7,110	4,922	9,738	2,229	19,271	3,268	2,534	1,058
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,088	2,309	5,077	4,537	10,206	19,183	15,095	9,157	33,725	16,494	24,434	26,280
total assets	4,526	5,561	9,415	10,321	17,918	29,466	28,806	24,858	41,709	27,139	37,553	43,772
Bank overdraft	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
Trade Creditors	1,440	1,440	1,893	3,600	188	2,599	54,255	57,023	59,237	55,652	35,628	39,848
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	777,491	776,037	775,879	775,879	780,094	784,872	0	0	0	0	0	0
total current liabilities	778,931	777,477	777,772	779,479	780,282	787,471	54,255	57,023	59,237	55,652	35,628	39,848
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	734,231	734,231	734,231	734,231	753,309	774,346
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	734,231	734,231	734,231	734,231	753,309	774,346
total liabilities	778,931	777,477	777,772	779,479	780,282	787,471	788,486	791,254	793,468	789,883	788,937	814,194
net assets	-774,405	-771,916	-768,357	-769,158	-762,364	-758,005	-759,680	-766,396	-751,759	-762,744	-751,384	-770,422
total shareholders funds	-774,405	-771,916	-768,357	-769,158	-762,364	-758,005	-759,680	-766,396	-751,759	-762,744	-751,384	-770,422

	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	-2,490	-3,561	969	-6,818	-4,374	2,057	8,471	-14,691	14,398	-11,375	26,433	-3
Depreciation	814	1,085	1,446	1,928	2,571	3,428	4,571	5,234	2,661	3,548	4,373	5,830
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-188	0	0	-419	-1,785	0	-3,469	0	-7,404	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	997	-2,187	430	-1,139	-11,165	8,904	-1,571	-7,526	1,228	-8,674	-3,322	25,222
Creditors	0	-453	-1,707	3,412	-2,411	-51,656	-2,768	-2,214	3,585	20,024	-4,220	39,848
Accruals and Deferred Income	1,454	158	0	-4,215	-4,778	784,872	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-1,219	-584	90	-4,554	2,173	729,378	10,060	-4,145	15,947	20,871	22,504	20,453
Investing Activities
capital expenditure	0	1	0	0	0	0	-2,581	-12,951	0	-1,074	0	-23,322
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	1	0	0	0	0	-2,581	-12,951	0	-1,074	0	-23,322
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	-734,231	0	0	0	-19,078	-21,037	774,346
share issue	0	0	0	0	0	0	0	0	0	0	0	-770,422
interest	2	2	20	24	15	37	30	54	56	15	9	0
cash flow from financing	2	2	20	24	15	-734,194	30	54	56	-19,063	-21,028	3,924
cash and cash equivalents
cash	-1,218	-581	110	-4,530	2,188	-4,816	7,509	-17,042	16,003	734	1,476	1,058
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-1,218	-581	110	-4,530	2,188	-4,816	7,509	-17,042	16,003	734	1,476	1,058

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 drownedinsound.com limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other undefined companies, companies in M 2 area or any other competitors across 12 key performance metrics.

DROWNEDINSOUND.COM LIMITED group structure

Drownedinsound.Com Limited has no subsidiary companies.

Ultimate parent company

QUIETUS GROUP LIMITED

06296014

1 parent

DROWNEDINSOUND.COM LIMITED

05424875

DROWNEDINSOUND.COM LIMITED Shareholders

quietus group ltd

100%

Drownedinsound.Com Limited currently has 1 director, Mr Sean Adams serving since Apr 2005.

officer	country	age	start	end	role
Mr Sean Adams	United Kingdom	43 years	Apr 2005	-	Director

P&L

March 2021

turnover

38.2k

-23%

operating profit

-2.5k

gross margin

37.1%

+10.58%

turnover

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

Balance Sheet

March 2021

net assets

-774.4k

total assets

4.5k

-0.19%

cash

891

-0.58%

net assets

Total assets minus all liabilities

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company number

05424875

Type

Private limited with Share Capital

industry

90020 - Support activities to performing arts

incorporation date

April 2005

ultimate parent company

QUIETUS GROUP LIMITED

previous names

N/A

address

3rd floor, colwyn chambers, 19 york street, manchester, M2 3BA

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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drownedinsound.com limited Company Information

drownedinsound.com limited Estimated Valuation

drownedinsound.com limited Estimated Valuation

drownedinsound.com limited Estimated Valuation

Drownedinsound.com Limited Overview

Drownedinsound.com Limited Health Check

DROWNEDINSOUND.COM LIMITED financials

drownedinsound.com limited Credit Report and Business Information

Drownedinsound.com Limited Competitor Analysis

drownedinsound.com limited Ownership

drownedinsound.com limited directors

drownedinsound.com limited company details

drownedinsound.com limited Charges & Mortgages

drownedinsound.com limited Capital Raised & Share Issues BETA

drownedinsound.com limited Companies House Filings - See Documents