footesmusic ltd
footesmusic ltd Company Information
Company Number
08207036
Next Accounts
Mar 2025
Directors
Shareholders
morntane ltd
robert john wilson
View AllGroup Structure
View All
Industry
Retail sale of musical instruments and scores in specialised stores
Registered Address
c/o ymu business management limi, 180 great portland street, london, W1W 5QZ
Website
www.footesmusic.comfootesmusic ltd Estimated Valuation
Pomanda estimates the enterprise value of FOOTESMUSIC LTD at £46k based on a Turnover of £178.8k and 0.26x industry multiple (adjusted for size and gross margin).
footesmusic ltd Estimated Valuation
Pomanda estimates the enterprise value of FOOTESMUSIC LTD at £0 based on an EBITDA of £-85.4k and a 2.92x industry multiple (adjusted for size and gross margin).
footesmusic ltd Estimated Valuation
Pomanda estimates the enterprise value of FOOTESMUSIC LTD at £0 based on Net Assets of £-476.6k and 1.74x industry multiple (adjusted for liquidity).
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Footesmusic Ltd Overview
Footesmusic Ltd is a live company located in london, W1W 5QZ with a Companies House number of 08207036. It operates in the retail sale of musical instruments and scores sector, SIC Code 47591. Founded in September 2012, it's largest shareholder is morntane ltd with a 75.7% stake. Footesmusic Ltd is a established, micro sized company, Pomanda has estimated its turnover at £178.8k with declining growth in recent years.
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Footesmusic Ltd Health Check
Pomanda's financial health check has awarded Footesmusic Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £178.8k, make it smaller than the average company (£288.9k)
- Footesmusic Ltd
£288.9k - Industry AVG
Growth
3 year (CAGR) sales growth of -34%, show it is growing at a slower rate (8%)
- Footesmusic Ltd
8% - Industry AVG
Production
with a gross margin of 30.3%, this company has a comparable cost of product (30.3%)
- Footesmusic Ltd
30.3% - Industry AVG
Profitability
an operating margin of -47.7% make it less profitable than the average company (1.8%)
- Footesmusic Ltd
1.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
1 - Footesmusic Ltd
6 - Industry AVG
Pay Structure
on an average salary of £20.9k, the company has an equivalent pay structure (£20.9k)
- Footesmusic Ltd
£20.9k - Industry AVG
Efficiency
resulting in sales per employee of £178.8k, this is equally as efficient (£173k)
- Footesmusic Ltd
£173k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Footesmusic Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 51 days, this is slower than average (24 days)
- Footesmusic Ltd
24 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Footesmusic Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (40 weeks)
0 weeks - Footesmusic Ltd
40 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 21255.2%, this is a higher level of debt than the average (84%)
21255.2% - Footesmusic Ltd
84% - Industry AVG
FOOTESMUSIC LTD financials
Footesmusic Ltd's latest turnover from June 2023 is estimated at £178.8 thousand and the company has net assets of -£476.6 thousand. According to their latest financial statements, Footesmusic Ltd has 1 employee and maintains cash reserves of £476 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 5 | 6 | 6 | 6 | 6 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 3,507 | 6,684 | 6,645 | 791 | 797 | 2,285 | 2,210 | 9,357 | 15,965 |
| Intangible Assets | 0 | 1,029 | 1,959 | 2,204 | 10,756 | 14,621 | 21,484 | 29,169 | 28,239 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 0 | 4,536 | 8,643 | 8,849 | 11,547 | 15,418 | 23,769 | 31,379 | 37,596 | 15,965 |
| Stock & work in progress | 0 | 73,269 | 117,818 | 120,891 | 130,607 | 81,536 | 69,936 | 84,888 | 96,459 | 38,044 |
| Trade Debtors | 0 | 0 | 0 | 0 | 2,285 | 1,451 | 6,920 | 6,188 | 34,992 | 32,289 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,777 | 22,851 | 29,228 | 32,950 | 29,253 | 26,399 | 21,566 | 26,908 | 0 | 0 |
| Cash | 476 | 14,408 | 10,405 | 66,791 | 14,283 | 18,602 | 9,184 | 20,520 | 3,677 | 6,650 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,253 | 110,528 | 157,451 | 220,632 | 176,428 | 127,988 | 107,606 | 138,504 | 135,128 | 76,983 |
| total assets | 2,253 | 115,064 | 166,094 | 229,481 | 187,975 | 143,406 | 131,375 | 169,883 | 172,724 | 92,948 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 17,520 | 121,984 | 148,402 | 94,428 | 70,812 | 65,098 | 95,275 | 75,791 | 66,328 | 83,226 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 11,763 | 18,949 | 20,625 | 21,725 | 21,885 | 330,443 | 227,010 | 14,941 | 0 | 0 |
| total current liabilities | 29,283 | 140,933 | 169,027 | 116,153 | 92,697 | 395,541 | 322,285 | 90,732 | 66,328 | 83,226 |
| loans | 20,004 | 30,016 | 40,972 | 49,306 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 429,592 | 333,000 | 230,000 | 231,299 | 176,299 | 0 | 0 | 193,935 | 158,104 | 25,500 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 449,596 | 363,016 | 270,972 | 280,605 | 176,299 | 0 | 0 | 193,935 | 158,104 | 25,500 |
| total liabilities | 478,879 | 503,949 | 439,999 | 396,758 | 268,996 | 395,541 | 322,285 | 284,667 | 224,432 | 108,726 |
| net assets | -476,626 | -388,885 | -273,905 | -167,277 | -81,021 | -252,135 | -190,910 | -114,784 | -51,708 | -15,778 |
| total shareholders funds | -476,626 | -388,885 | -273,905 | -167,277 | -81,021 | -252,135 | -190,910 | -114,784 | -51,708 | -15,778 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 0 | 3,177 | 3,290 | 1,530 | 628 | 1,213 | 1,212 | 7,782 | 7,450 | 7,275 |
| Amortisation | 0 | 930 | 245 | 9,702 | 7,365 | 6,863 | 7,685 | 5,147 | 0 | 0 |
| Tax | ||||||||||
| Stock | -73,269 | -44,549 | -3,073 | -9,716 | 49,071 | 11,600 | -14,952 | -11,571 | 58,415 | 38,044 |
| Debtors | -21,074 | -6,377 | -3,722 | 1,412 | 3,688 | -636 | -4,610 | -1,896 | 2,703 | 32,289 |
| Creditors | -104,464 | -26,418 | 53,974 | 23,616 | 5,714 | -30,177 | 19,484 | 9,463 | -16,898 | 83,226 |
| Accruals and Deferred Income | -7,186 | -1,676 | -1,100 | -160 | -308,558 | 103,433 | 212,069 | 14,941 | 0 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -10,012 | -10,956 | -8,334 | 49,306 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 96,592 | 103,000 | -1,299 | 55,000 | 176,299 | 0 | -193,935 | 35,831 | 132,604 | 25,500 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | -13,932 | 4,003 | -56,386 | 52,508 | -4,319 | 9,418 | -11,336 | 16,843 | -2,973 | 6,650 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -13,932 | 4,003 | -56,386 | 52,508 | -4,319 | 9,418 | -11,336 | 16,843 | -2,973 | 6,650 |
footesmusic ltd Credit Report and Business Information
Footesmusic Ltd Competitor Analysis
Perform a competitor analysis for footesmusic ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in W1W area or any other competitors across 12 key performance metrics.
footesmusic ltd Ownership
FOOTESMUSIC LTD group structure
Footesmusic Ltd has no subsidiary companies.
footesmusic ltd directors
Footesmusic Ltd currently has 1 director, Mr Robert Wilson serving since Sep 2012.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Wilson | England | 60 years | Sep 2012 | - | Director |
P&L
June 2023turnover
178.8k
-66%
operating profit
-85.4k
0%
gross margin
30.4%
+3.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-476.6k
+0.23%
total assets
2.3k
-0.98%
cash
476
-0.97%
net assets
Total assets minus all liabilities
Similar Companies
footesmusic ltd company details
company number
08207036
Type
Private limited with Share Capital
industry
47591 - Retail sale of musical instruments and scores in specialised stores
incorporation date
September 2012
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
c/o ymu business management limi, 180 great portland street, london, W1W 5QZ
Bank
-
Legal Advisor
-
footesmusic 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 2 charges/mortgages relating to footesmusic ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
footesmusic ltd 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.
Click to start generating capital raising & share issue transactions for FOOTESMUSIC LTD. This can take several minutes, an email will notify you when this has completed.
footesmusic ltd Companies House Filings - See Documents
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