king's music ltd
king's music ltd Company Information
Company Number
06658504
Website
www.musiczoneone.comRegistered Address
124 city road, london, EC1V 2NX
Industry
Sound recording and music publishing activities
Performing arts
Telephone
02088015599
Next Accounts Due
April 2025
Group Structure
View All
Directors
David Omotosho16 Years
Shareholders
david omotosho 100%
king's music ltd Estimated Valuation
Pomanda estimates the enterprise value of KING'S MUSIC LTD at £68.5k based on a Turnover of £217.8k and 0.31x industry multiple (adjusted for size and gross margin).
king's music ltd Estimated Valuation
Pomanda estimates the enterprise value of KING'S MUSIC LTD at £0 based on an EBITDA of £-37.6k and a 1.68x industry multiple (adjusted for size and gross margin).
king's music ltd Estimated Valuation
Pomanda estimates the enterprise value of KING'S MUSIC LTD at £0 based on Net Assets of £-142.9k and 1.65x industry multiple (adjusted for liquidity).
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King's Music Ltd Overview
King's Music Ltd is a live company located in london, EC1V 2NX with a Companies House number of 06658504. It operates in the sound recording and music publishing activities sector, SIC Code 59200. Founded in July 2008, it's largest shareholder is david omotosho with a 100% stake. King's Music Ltd is a established, micro sized company, Pomanda has estimated its turnover at £217.8k with rapid growth in recent years.
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King's Music Ltd Health Check
Pomanda's financial health check has awarded King'S Music Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £217.8k, make it smaller than the average company (£351.9k)
- King's Music Ltd
£351.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 54%, show it is growing at a faster rate (6.3%)
- King's Music Ltd
6.3% - Industry AVG
Production
with a gross margin of 13%, this company has a higher cost of product (38.5%)
- King's Music Ltd
38.5% - Industry AVG
Profitability
an operating margin of -17.3% make it less profitable than the average company (4.5%)
- King's Music Ltd
4.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - King's Music Ltd
4 - Industry AVG
Pay Structure
on an average salary of £29.6k, the company has an equivalent pay structure (£29.6k)
- King's Music Ltd
£29.6k - Industry AVG
Efficiency
resulting in sales per employee of £217.8k, this is more efficient (£99.6k)
- King's Music Ltd
£99.6k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is later than average (21 days)
- King's Music Ltd
21 days - Industry AVG
Creditor Days
its suppliers are paid after 286 days, this is slower than average (28 days)
- King's Music Ltd
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- King's Music Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - King's Music Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 615.8%, this is a higher level of debt than the average (50.5%)
615.8% - King's Music Ltd
50.5% - Industry AVG
KING'S MUSIC LTD financials
King'S Music Ltd's latest turnover from July 2023 is estimated at £217.8 thousand and the company has net assets of -£142.9 thousand. According to their latest financial statements, King'S Music Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 1 | 2 | 3 | 3 | 2 | 2 | 1 | 1 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 1,745 | 794 | 1,951 | 380 | 855 | 812 | 407 | 188 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 1,745 | 794 | 1,951 | 380 | 855 | 812 | 407 | 188 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 27,710 | 29,834 | 27,580 | 3,331 | 11,021 | 20,044 | 19,157 | 17,197 | 11,211 | 7,611 | 1,451 | 2,825 | 690 | 325 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 3,001 | 6,447 | 39,674 | 37,907 | 59,995 | 38,271 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 844 | 0 | 220 | 220 | 242 | 2,252 | 1,654 | 182 | 200 | 62 | 236 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 27,710 | 32,835 | 34,027 | 43,849 | 48,928 | 80,259 | 57,648 | 17,439 | 13,463 | 9,265 | 1,633 | 3,025 | 752 | 561 | 0 |
| total assets | 27,710 | 32,835 | 34,027 | 45,594 | 49,722 | 82,210 | 58,028 | 18,294 | 14,275 | 9,672 | 1,821 | 3,025 | 752 | 561 | 0 |
| Bank overdraft | 0 | 0 | 0 | 20,942 | 22,667 | 26,355 | 7,240 | 2,667 | 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 | 148,937 | 109,962 | 94,932 | 0 | 0 | 0 | 0 | 0 | 0 | 12,991 | 7,757 | 9,774 | 6,387 | 4,024 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,684 | 12,676 | 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 | 0 | 0 | 0 | 69,522 | 55,584 | 28,808 | 32,364 | 11,141 | 1,197 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 148,937 | 109,962 | 94,932 | 90,464 | 78,251 | 55,163 | 39,604 | 16,492 | 13,873 | 12,991 | 7,757 | 9,774 | 6,387 | 4,024 | 0 |
| loans | 0 | 0 | 0 | 42,094 | 23,013 | 56,290 | 17,818 | 1,615 | 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 | 960 | 960 | 960 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 20,733 | 27,236 | 35,018 | 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 | 21,693 | 28,196 | 35,978 | 42,094 | 23,013 | 56,290 | 17,818 | 1,615 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 170,630 | 138,158 | 130,910 | 132,558 | 101,264 | 111,453 | 57,422 | 18,107 | 13,873 | 12,991 | 7,757 | 9,774 | 6,387 | 4,024 | 0 |
| net assets | -142,920 | -105,323 | -96,883 | -86,964 | -51,542 | -29,243 | 606 | 187 | 402 | -3,319 | -5,936 | -6,749 | -5,635 | -3,463 | 0 |
| total shareholders funds | -142,920 | -105,323 | -96,883 | -86,964 | -51,542 | -29,243 | 606 | 187 | 402 | -3,319 | -5,936 | -6,749 | -5,635 | -3,463 | 0 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 0 | 0 | 1,860 | 1,157 | 1,157 | 475 | 478 | 345 | 160 | 63 | 0 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | |||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -5,125 | -1,192 | -8,978 | -5,923 | -31,111 | 22,611 | 40,231 | 5,986 | 3,600 | 6,160 | -1,374 | 2,135 | 365 | 325 | 0 |
| Creditors | 38,975 | 15,030 | 94,932 | 0 | 0 | 0 | 0 | 0 | -12,991 | 5,234 | -2,017 | 3,387 | 2,363 | 4,024 | 0 |
| Accruals and Deferred Income | 0 | 0 | -68,562 | 13,938 | 26,776 | -3,556 | 21,223 | 9,944 | 1,197 | 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 | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 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 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | -2,684 | -9,992 | 12,676 | 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 | -42,094 | 19,081 | -33,277 | 38,472 | 16,203 | 1,615 | 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 | -6,503 | -7,782 | 35,018 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 0 | 0 | -844 | 844 | -220 | 0 | -22 | -2,010 | 598 | 1,472 | -18 | 138 | -174 | 236 | 0 |
| overdraft | 0 | 0 | -20,942 | -1,725 | -3,688 | 19,115 | 4,573 | 2,667 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 20,098 | 2,569 | 3,468 | -19,115 | -4,595 | -4,677 | 598 | 1,472 | -18 | 138 | -174 | 236 | 0 |
king's music ltd Credit Report and Business Information
King's Music Ltd Competitor Analysis
Perform a competitor analysis for king's music ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in EC1V area or any other competitors across 12 key performance metrics.
king's music ltd Ownership
KING'S MUSIC LTD group structure
King'S Music Ltd has no subsidiary companies.
Ultimate parent company
KING'S MUSIC LTD
06658504
king's music ltd directors
King'S Music Ltd currently has 1 director, Mr David Omotosho serving since Jul 2008.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Omotosho | England | 40 years | Jul 2008 | - | Director |
P&L
July 2023turnover
217.8k
+32%
operating profit
-37.6k
0%
gross margin
13.1%
+6.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
-142.9k
+0.36%
total assets
27.7k
-0.16%
cash
0
0%
net assets
Total assets minus all liabilities
king's music ltd company details
company number
06658504
Type
Private limited with Share Capital
industry
59200 - Sound recording and music publishing activities
90010 - Performing arts
incorporation date
July 2008
age
16
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
music zone one limited (November 2022)
last accounts submitted
July 2023
address
124 city road, london, EC1V 2NX
accountant
-
auditor
-
king's music ltd 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 found 1 charges/mortgages relating to king's music ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
king's music ltd Companies House Filings - See Documents
| date | description | view/download |
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