Music Glue Limited

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music glue limited Company Information

Company Number

05946870

Next Accounts

Jun 2025

Directors

Mark Meharry

Shareholders

music glue 2 ltd

Group Structure

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Industry

Support activities to performing arts

Registered Address

86-90 paul street, london, EC2A 4NE

Website

www.musicglue.com

music glue limited Estimated Valuation

£17.6m

Pomanda estimates the enterprise value of MUSIC GLUE LIMITED at £17.6m based on a Turnover of £18.7m and 0.94x industry multiple (adjusted for size and gross margin).

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Music Glue Limited is a live company located in london, EC2A 4NE with a Companies House number of 05946870. It operates in the support activities to performing arts sector, SIC Code 90020. Founded in September 2006, it's largest shareholder is music glue 2 ltd with a 100% stake. Music Glue Limited is a established, mid sized company, Pomanda has estimated its turnover at £18.7m with declining growth in recent years.

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Pomanda's financial health check has awarded Music Glue Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £18.7m, make it larger than the average company (£264.4k)

Growth

3 year (CAGR) sales growth of -27%, show it is growing at a slower rate (6.7%)

EXPORT

Music Glue Limited's latest turnover from September 2023 is estimated at £18.7 million and the company has net assets of -£5 million. According to their latest financial statements, Music Glue Limited has 10 employees and maintains cash reserves of £4.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	18,717,082	15,520,601	33,014,187	47,206,611	50,569,842	20,725,690	18,701,400	24,931,450	29,075,510	11,862,443	11,812,723	16,350,298	3,499,807	5,111,746	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	10,658,838	9,038,808	22,999,669	28,297,232	34,292,804	13,871,960	11,695,128	14,521,092	18,260,913	6,810,928	6,954,219	10,184,340	2,216,519	2,956,504	0
Gross Profit	8,058,244	6,481,792	10,014,518	18,909,378	16,277,038	6,853,731	7,006,271	10,410,358	10,814,598	5,051,514	4,858,504	6,165,958	1,283,288	2,155,242	0
Admin Expenses	8,145,796	6,210,418	10,250,714	18,784,818	16,162,686	7,428,363	8,453,577	11,790,529	11,315,407	5,719,898	5,164,387	6,445,158	1,328,889	2,226,742	318,760
Operating Profit	-87,552	271,374	-236,196	124,560	114,352	-574,632	-1,447,306	-1,380,171	-500,809	-668,384	-305,883	-279,200	-45,601	-71,500	-318,760
Interest Payable	1	2	1	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	219,842	135,276	6,800	5,172	31,600	27,514	9,023	10,336	14,617	7,821	8,308	5,121	2,623	1,026	133
Pre-Tax Profit	132,288	406,648	-229,397	129,732	145,952	-547,118	-1,438,283	-1,369,835	-486,192	-660,563	-297,575	-274,079	-42,978	-70,474	-318,627
Tax	-33,072	-77,263	0	-24,649	-27,731	0	0	0	0	0	0	0	0	0	0
Profit After Tax	99,216	329,385	-229,397	105,083	118,221	-547,118	-1,438,283	-1,369,835	-486,192	-660,563	-297,575	-274,079	-42,978	-70,474	-318,627
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	99,216	329,385	-229,397	105,083	118,221	-547,118	-1,438,283	-1,369,835	-486,192	-660,563	-297,575	-274,079	-42,978	-70,474	-318,627
Employee Costs	290,478	323,356	356,156	337,555	516,645	487,791	602,812	7,587,784	8,339,541	4,039,118	3,733,695	5,222,490	932,029	1,668,320	0
Number Of Employees	10	12	13	13	19	21	26	314	343	155	134	210	39	67	0
EBITDA*	-82,542	276,555	-218,683	126,134	115,809	-573,679	-1,446,195	-1,378,865	-499,272	-667,145	-303,463	-278,003	-44,727	-70,655	-317,956

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	5,477	6,444	7,581	8,919	10,493	6,050	6,295	7,406	8,712	7,024	8,262	6,789	4,953	4,787	4,560
Intangible Assets	16,175	20,218	24,262	40,437	40,437	40,437	40,437	37,292	29,738	26,066	21,946	21,556	18,306	18,306	16,313
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	21,652	26,662	31,843	49,356	50,930	46,487	46,732	44,698	38,450	33,090	30,208	28,345	23,259	23,093	20,873
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	2,947	3,140	20,403	0	0	32,815	44,788	245,795	234,283	240,378	60,000	0	12,947	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	52,353	152,633	44,335	941,132	173,677	127,552	0	0	0	0	0	0	0	0
Cash	4,330,477	4,044,440	7,980,057	5,619,473	4,724,563	3,702,055	3,635,068	3,583,423	4,685,584	1,161,348	1,966,877	1,356,440	692,054	357,049	53,253
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,333,424	4,099,933	8,153,093	5,663,808	5,665,695	3,908,547	3,807,408	3,829,218	4,919,867	1,401,726	2,026,877	1,356,440	705,001	357,049	53,253
total assets	4,355,076	4,126,595	8,184,936	5,713,164	5,716,625	3,955,034	3,854,140	3,873,916	4,958,317	1,434,816	2,057,085	1,384,785	728,260	380,142	74,126
Bank overdraft	0	21	21	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	9,217,266	9,046,469	13,368,483	10,611,742	10,706,278	9,093,234	8,691,751	7,274,283	7,040,805	3,031,112	2,992,818	2,022,943	1,092,339	701,243	324,753
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	153,026	194,537	260,249	315,842	329,850	299,524	52,995	51,956	0	0	0	0	0	0	0
total current liabilities	9,370,292	9,241,027	13,628,753	10,927,584	11,036,128	9,392,758	8,744,746	7,326,239	7,040,805	3,031,112	2,992,818	2,022,943	1,092,339	701,243	324,753
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	9,370,292	9,241,027	13,628,753	10,927,584	11,036,128	9,392,758	8,744,746	7,326,239	7,040,805	3,031,112	2,992,818	2,022,943	1,092,339	701,243	324,753
net assets	-5,015,216	-5,114,432	-5,443,817	-5,214,420	-5,319,503	-5,437,724	-4,890,606	-3,452,323	-2,082,488	-1,596,296	-935,733	-638,158	-364,079	-321,101	-250,627
total shareholders funds	-5,015,216	-5,114,432	-5,443,817	-5,214,420	-5,319,503	-5,437,724	-4,890,606	-3,452,323	-2,082,488	-1,596,296	-935,733	-638,158	-364,079	-321,101	-250,627

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-87,552	271,374	-236,196	124,560	114,352	-574,632	-1,447,306	-1,380,171	-500,809	-668,384	-305,883	-279,200	-45,601	-71,500	-318,760
Depreciation	967	1,137	1,338	1,574	1,457	953	1,111	1,306	1,537	1,239	2,420	1,197	874	845	804
Amortisation	4,043	4,044	16,175	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-33,072	-77,263	0	-24,649	-27,731	0	0	0	0	0	0	0	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-52,546	-117,543	128,701	-896,797	734,640	34,152	-73,455	11,512	-6,095	180,378	60,000	-12,947	12,947	0	0
Creditors	170,797	-4,322,014	2,756,741	-94,536	1,613,044	401,483	1,417,468	233,478	4,009,693	38,294	969,875	930,604	391,096	376,490	324,753
Accruals and Deferred Income	-41,511	-65,712	-55,593	-14,008	30,326	246,529	1,039	51,956	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	66,218	-4,070,891	2,353,764	889,738	996,808	40,181	45,767	-1,104,943	3,516,516	-809,229	606,412	665,548	333,422	305,835	6,797
Investing Activities
capital expenditure	0	0	0	0	-5,900	-708	-3,145	-7,554	-6,897	-4,121	-4,283	-6,283	-1,040	-3,065	-21,677
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	-5,900	-708	-3,145	-7,554	-6,897	-4,121	-4,283	-6,283	-1,040	-3,065	-21,677
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	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
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	68,000
interest	219,841	135,274	6,799	5,172	31,600	27,514	9,023	10,336	14,617	7,821	8,308	5,121	2,623	1,026	133
cash flow from financing	219,841	135,274	6,799	5,172	31,600	27,514	9,023	10,336	14,617	7,821	8,308	5,121	2,623	1,026	68,133
cash and cash equivalents
cash	286,037	-3,935,617	2,360,584	894,910	1,022,508	66,987	51,645	-1,102,161	3,524,236	-805,529	610,437	664,386	335,005	303,796	53,253
overdraft	-21	0	21	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	286,058	-3,935,617	2,360,563	894,910	1,022,508	66,987	51,645	-1,102,161	3,524,236	-805,529	610,437	664,386	335,005	303,796	53,253

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MUSIC GLUE LIMITED group structure

Music Glue Limited has no subsidiary companies.

Ultimate parent company

MUSIC GLUE 2 LIMITED

06170032

1 parent

MUSIC GLUE LIMITED

05946870

MUSIC GLUE LIMITED Shareholders

music glue 2 ltd

100%

Music Glue Limited currently has 1 director, Mr Mark Meharry serving since Mar 2007.

officer	country	age	start	end	role
Mr Mark Meharry	England	52 years	Mar 2007	-	Director

P&L

September 2023

turnover

18.7m

+21%

operating profit

-87.6k

gross margin

43.1%

+3.09%

turnover

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

Balance Sheet

September 2023

net assets

-5m

-0.02%

total assets

4.4m

+0.06%

cash

4.3m

+0.07%

net assets

Total assets minus all liabilities

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company number

05946870

Type

Private limited with Share Capital

industry

90020 - Support activities to performing arts

incorporation date

September 2006

ultimate parent company

MUSIC GLUE 2 LIMITED

previous names

N/A

address

86-90 paul street, london, EC2A 4NE

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 music glue limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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music glue limited Company Information

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music glue limited Estimated Valuation

music glue limited Estimated Valuation

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MUSIC GLUE LIMITED financials

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