changing tunes
changing tunes Company Information
Company Number
07791242
Next Accounts
Sep 2025
Industry
Other education n.e.c.
Shareholders
-
Group Structure
View All
Contact
Registered Address
burton sweet, the clock tower, farleigh court, old weston road, bristol, BS48 1UR
Website
http://changingtunes.org.ukchanging tunes Estimated Valuation
Pomanda estimates the enterprise value of CHANGING TUNES at £504.5k based on a Turnover of £627.5k and 0.8x industry multiple (adjusted for size and gross margin).
changing tunes Estimated Valuation
Pomanda estimates the enterprise value of CHANGING TUNES at £348.2k based on an EBITDA of £77.7k and a 4.48x industry multiple (adjusted for size and gross margin).
changing tunes Estimated Valuation
Pomanda estimates the enterprise value of CHANGING TUNES at £652.8k based on Net Assets of £285.6k and 2.29x industry multiple (adjusted for liquidity).
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Changing Tunes Overview
Changing Tunes is a live company located in bristol, BS48 1UR with a Companies House number of 07791242. It operates in the other education n.e.c. sector, SIC Code 85590. Founded in September 2011, it's largest shareholder is unknown. Changing Tunes is a established, small sized company, Pomanda has estimated its turnover at £627.5k with high growth in recent years.
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Changing Tunes Health Check
Pomanda's financial health check has awarded Changing Tunes a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 1 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
1 Weak
Size
annual sales of £627.5k, make it larger than the average company (£501.2k)
£627.5k - Changing Tunes
£501.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (6.3%)
22% - Changing Tunes
6.3% - Industry AVG
Production
with a gross margin of 56.7%, this company has a comparable cost of product (56.7%)
56.7% - Changing Tunes
56.7% - Industry AVG
Profitability
an operating margin of 12% make it more profitable than the average company (4.8%)
12% - Changing Tunes
4.8% - Industry AVG
Employees
with 25 employees, this is above the industry average (12)
25 - Changing Tunes
12 - Industry AVG
Pay Structure
on an average salary of £18.3k, the company has a lower pay structure (£29.5k)
£18.3k - Changing Tunes
£29.5k - Industry AVG
Efficiency
resulting in sales per employee of £25.1k, this is less efficient (£53.8k)
£25.1k - Changing Tunes
£53.8k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (18 days)
4 days - Changing Tunes
18 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Changing Tunes
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Changing Tunes
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 806 weeks, this is more cash available to meet short term requirements (112 weeks)
806 weeks - Changing Tunes
112 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 5.5%, this is a lower level of debt than the average (24.4%)
5.5% - Changing Tunes
24.4% - Industry AVG
CHANGING TUNES financials
Changing Tunes's latest turnover from December 2023 is £627.5 thousand and the company has net assets of £285.6 thousand. According to their latest financial statements, Changing Tunes has 25 employees and maintains cash reserves of £256.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 627,471 | 502,966 | 498,813 | 347,329 | 279,130 | 356,852 | 316,669 | 314,736 | 236,846 | 420,101 | 328,871 | 389,352 |
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | ||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 65,592 | -38,572 | 80,114 | 35,323 | 7,083 | 59,630 | -10,369 | 22,246 | -104,250 | 53,835 | -3,449 | 118,388 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 65,592 | -38,572 | 80,114 | 35,323 | 7,083 | 59,630 | -10,369 | 22,246 | -104,250 | 53,835 | -3,449 | 118,388 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 65,592 | -38,572 | 80,114 | 35,323 | 7,083 | 59,630 | -10,369 | 22,246 | -104,250 | 53,835 | -3,449 | 118,388 |
| Employee Costs | 457,052 | 410,979 | 334,620 | 264,949 | 210,014 | 168,771 | 268,939 | 239,795 | 236,423 | 279,116 | 260,176 | 204,695 |
| Number Of Employees | 25 | 22 | 20 | 20 | 15 | 12 | 20 | 17 | 22 | 8 | 8 | 7 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,494 | 4,624 | 4,935 | 2,634 | 3,649 | 1,441 | 1,922 | 2,563 | 3,417 | 3,856 | 5,140 | 6,854 |
| 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 | 4,494 | 4,624 | 4,935 | 2,634 | 3,649 | 1,441 | 1,922 | 2,563 | 3,417 | 3,856 | 5,140 | 6,854 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 7,100 | 3,252 | 4,300 | 2,027 | 0 | 3,515 | 8,750 | 40 | 119 | 4,600 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 34,328 | 15,567 | 12,241 | 5,360 | 1,884 | 1,160 | 6,943 | 7,244 | 1,884 | 19,134 | 5,893 | 1,254 |
| Cash | 256,154 | 202,958 | 245,048 | 177,775 | 143,106 | 136,637 | 67,878 | 106,920 | 68,845 | 149,196 | 122,590 | 112,846 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 297,582 | 221,777 | 261,589 | 185,162 | 144,990 | 141,312 | 83,571 | 114,204 | 70,848 | 172,930 | 128,483 | 114,100 |
| total assets | 302,076 | 226,401 | 266,524 | 187,796 | 148,639 | 142,753 | 85,493 | 116,767 | 74,265 | 176,786 | 133,623 | 120,954 |
| 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 | 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 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 | 16,506 | 6,423 | 7,974 | 9,360 | 5,526 | 6,723 | 9,093 | 29,997 | 9,741 | 8,012 | 18,684 | 2,566 |
| total current liabilities | 16,506 | 6,423 | 7,974 | 9,360 | 5,526 | 6,723 | 9,093 | 29,997 | 9,741 | 8,012 | 18,684 | 2,566 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 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 |
| total liabilities | 16,506 | 6,423 | 7,974 | 9,360 | 5,526 | 6,723 | 9,093 | 29,997 | 9,741 | 8,012 | 18,684 | 2,566 |
| net assets | 285,570 | 219,978 | 258,550 | 178,436 | 143,113 | 136,030 | 76,400 | 86,770 | 64,524 | 168,774 | 114,939 | 118,388 |
| total shareholders funds | 285,570 | 219,978 | 258,550 | 178,436 | 143,113 | 136,030 | 76,400 | 86,770 | 64,524 | 168,774 | 114,939 | 118,388 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 2,311 | 1,965 | 1,796 | 1,015 | 772 | 481 | 641 | 854 | 1,139 | 1,286 | 1,714 | 2,285 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 22,609 | 2,278 | 9,154 | 5,503 | -2,791 | -11,018 | 8,409 | 5,281 | -21,731 | 17,841 | 4,639 | 1,254 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 10,083 | -1,551 | -1,386 | 3,834 | -1,197 | -2,370 | -20,904 | 20,256 | 1,729 | -10,672 | 16,118 | 2,566 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | 0 | 0 | 0 | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | |||||||||
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 |
| cash and cash equivalents | ||||||||||||
| cash | 53,196 | -42,090 | 67,273 | 34,669 | 6,469 | 68,759 | -39,042 | 38,075 | -80,351 | 26,606 | 9,744 | 112,846 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 53,196 | -42,090 | 67,273 | 34,669 | 6,469 | 68,759 | -39,042 | 38,075 | -80,351 | 26,606 | 9,744 | 112,846 |
changing tunes Credit Report and Business Information
Changing Tunes Competitor Analysis
Perform a competitor analysis for changing tunes by selecting its closest rivals, whether from the EDUCATION sector, other small companies, companies in BS48 area or any other competitors across 12 key performance metrics.
changing tunes Ownership
CHANGING TUNES group structure
Changing Tunes has no subsidiary companies.
Ultimate parent company
CHANGING TUNES
07791242
changing tunes directors
Changing Tunes currently has 9 directors. The longest serving directors include Mr Andrew Wood (Sep 2011) and Mr Michael Cullum (Jul 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Wood | United Kingdom | 62 years | Sep 2011 | - | Director |
| Mr Michael Cullum | England | 61 years | Jul 2012 | - | Director |
| Mr Richard Sayer | England | 55 years | Jul 2012 | - | Director |
| Mr James Rimmer | 58 years | Apr 2014 | - | Director | |
| Mr Cornelius Thorne | 69 years | Apr 2020 | - | Director | |
| Ms Paula Harriott | 63 years | Dec 2020 | - | Director | |
| Mrs Suzanne Dymond-White | United Kingdom | 59 years | Jul 2023 | - | Director |
| Mr Cameron Harper | England | 43 years | Sep 2023 | - | Director |
| Mrs Giulia Balzan | England | 36 years | Jan 2024 | - | Director |
P&L
December 2023turnover
627.5k
+25%
operating profit
75.4k
0%
gross margin
56.7%
+0.88%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
285.6k
+0.3%
total assets
302.1k
+0.33%
cash
256.2k
+0.26%
net assets
Total assets minus all liabilities
changing tunes company details
company number
07791242
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85590 - Other education n.e.c.
incorporation date
September 2011
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
JOSHUA KINGSTON
auditor
-
address
burton sweet, the clock tower, farleigh court, old weston road, bristol, BS48 1UR
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
changing tunes 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 did not find charges/mortgages relating to changing tunes.
changing tunes Capital Raised & Share Issues BETA
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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changing tunes Companies House Filings - See Documents
| date | description | view/download |
|---|
