fly eye recordings limited

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fly eye recordings limited Company Information

Share FLY EYE RECORDINGS LIMITED

Company Number

08244378

Directors

Adam Wiles

Shareholders

fly eye music ltd

Group Structure

View All

Industry

Artistic creation

 

Registered Address

48 george street, floor 2, london, W1U 7DY

Website

-

fly eye recordings limited Estimated Valuation

£15.8k

Pomanda estimates the enterprise value of FLY EYE RECORDINGS LIMITED at £15.8k based on a Turnover of £36k and 0.44x industry multiple (adjusted for size and gross margin).

fly eye recordings limited Estimated Valuation

£12.4k

Pomanda estimates the enterprise value of FLY EYE RECORDINGS LIMITED at £12.4k based on an EBITDA of £2.2k and a 5.74x industry multiple (adjusted for size and gross margin).

fly eye recordings limited Estimated Valuation

£0

Pomanda estimates the enterprise value of FLY EYE RECORDINGS LIMITED at £0 based on Net Assets of £-73.5k and 0.92x industry multiple (adjusted for liquidity).

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Fly Eye Recordings Limited Overview

Fly Eye Recordings Limited is a live company located in london, W1U 7DY with a Companies House number of 08244378. It operates in the artistic creation sector, SIC Code 90030. Founded in October 2012, it's largest shareholder is fly eye music ltd with a 100% stake. Fly Eye Recordings Limited is a established, micro sized company, Pomanda has estimated its turnover at £36k with declining growth in recent years.

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Fly Eye Recordings Limited Health Check

Pomanda's financial health check has awarded Fly Eye Recordings Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

1 Strong

positive_score

3 Regular

positive_score

7 Weak

size

Size

annual sales of £36k, make it smaller than the average company (£364.4k)

£36k - Fly Eye Recordings Limited

£364.4k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (7.6%)

-11% - Fly Eye Recordings Limited

7.6% - Industry AVG

production

Production

with a gross margin of 56.7%, this company has a comparable cost of product (56.7%)

56.7% - Fly Eye Recordings Limited

56.7% - Industry AVG

profitability

Profitability

an operating margin of 6% make it as profitable than the average company (5.8%)

6% - Fly Eye Recordings Limited

5.8% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (6)

1 - Fly Eye Recordings Limited

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £28.2k, the company has an equivalent pay structure (£28.2k)

£28.2k - Fly Eye Recordings Limited

£28.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £36k, this is less efficient (£81.4k)

£36k - Fly Eye Recordings Limited

£81.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 1 days, this is earlier than average (15 days)

1 days - Fly Eye Recordings Limited

15 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 14 days, this is quicker than average (26 days)

14 days - Fly Eye Recordings Limited

26 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Fly Eye Recordings Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (73 weeks)

1 weeks - Fly Eye Recordings Limited

73 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 716.6%, this is a higher level of debt than the average (39.8%)

716.6% - Fly Eye Recordings Limited

39.8% - Industry AVG

FLY EYE RECORDINGS LIMITED financials

EXPORTms excel logo

Fly Eye Recordings Limited's latest turnover from December 2023 is estimated at £36 thousand and the company has net assets of -£73.5 thousand. According to their latest financial statements, Fly Eye Recordings Limited has 1 employee and maintains cash reserves of £3.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013
Turnover35,99855,80372,61350,31080,46482,483218,39385,95411,134361,403294,777
Other Income Or Grants
Cost Of Sales15,58023,50624,23320,05730,01033,74489,17238,1124,817155,180117,931
Gross Profit20,41832,29748,38030,25350,45448,739129,22147,8426,317206,223176,846
Admin Expenses18,26359,79448,92226,45953,02461,230109,51859,53923,117226,589180,482
Operating Profit2,155-27,497-5423,794-2,570-12,49119,703-11,697-16,800-20,366-3,636
Interest Payable
Interest Receivable173288341228141720566502317
Pre-Tax Profit2,328-27,209-5083,806-2,289-12,07419,907-11,631-16,750-20,343-3,619
Tax-582-723-3,782
Profit After Tax1,746-27,209-5083,083-2,289-12,07416,125-11,631-16,750-20,343-3,619
Dividends Paid
Retained Profit1,746-27,209-5083,083-2,289-12,07416,125-11,631-16,750-20,343-3,619
Employee Costs28,21728,01427,92627,49826,93126,97326,24028,12528,442147,644116,873
Number Of Employees11111111154
EBITDA*2,155-27,497-5423,794-2,570-12,49119,703-11,697-16,800-20,366-3,636

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors18020,14927,16123,754
Group Debtors
Misc Debtors8,6142,7042,1692,8773,6244,77410,89720,490
Cash3,1223,47412,97214,32310,21264,64046,50435,39717,3512,4926,668
misc current assets
total current assets11,9163,47415,67616,49213,08968,26471,42746,29437,84129,65330,422
total assets11,9163,47415,67616,49213,08968,26471,42746,29437,84129,65330,422
Bank overdraft
Bank loan
Trade Creditors 6401273654,26153,61434,040
Group/Directors Accounts57,93852,98746,28146,22446,168112,755103,16325,9577,577
other short term finances
hp & lease commitments
other current liabilities26,80625,57417,40017,40017,5013,8004,48172,67966,714
total current liabilities85,38478,68863,68163,98963,669116,555107,64498,63678,55253,61434,040
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities85,38478,68863,68163,98963,669116,555107,64498,63678,55253,61434,040
net assets-73,468-75,214-48,005-47,497-50,580-48,291-36,217-52,342-40,711-23,961-3,618
total shareholders funds-73,468-75,214-48,005-47,497-50,580-48,291-36,217-52,342-40,711-23,961-3,618
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013
Operating Activities
Operating Profit2,155-27,497-5423,794-2,570-12,49119,703-11,697-16,800-20,366-3,636
Depreciation
Amortisation
Tax-582-723-3,782
Stock
Debtors8,794-2,704535-708-747-21,29914,026-9,593-6,6713,40723,754
Creditors513127-365365-4,261-49,35319,57434,040
Accruals and Deferred Income1,2328,174-10113,701-681-68,1985,96566,714
Deferred Taxes & Provisions
Cash flow from operations-5,476-16,492-1,4424,04311,8788,127-66,303-4007,232-4,1996,650
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts4,9516,7065756-66,5879,59277,20618,3807,577
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue1
interest173288341228141720566502317
cash flow from financing5,1246,9949168-66,30610,00977,41118,4467,6272318
cash and cash equivalents
cash-352-9,498-1,3514,111-54,42818,13611,10718,04614,859-4,1766,668
overdraft
change in cash-352-9,498-1,3514,111-54,42818,13611,10718,04614,859-4,1766,668

fly eye recordings limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Fly Eye Recordings Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for fly eye recordings limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other micro companies, companies in W1U area or any other competitors across 12 key performance metrics.

fly eye recordings limited Ownership

FLY EYE RECORDINGS LIMITED group structure

Fly Eye Recordings Limited has no subsidiary companies.

Ultimate parent company

2 parents

FLY EYE RECORDINGS LIMITED

08244378

FLY EYE RECORDINGS LIMITED Shareholders

fly eye music ltd 100%

fly eye recordings limited directors

Fly Eye Recordings Limited currently has 1 director, Mr Adam Wiles serving since Oct 2012.

officercountryagestartendrole
Mr Adam WilesEngland41 years Oct 2012- Director

P&L

December 2023

turnover

36k

-35%

operating profit

2.2k

0%

gross margin

56.8%

-2%

turnover

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

Balance Sheet

December 2023

net assets

-73.5k

-0.02%

total assets

11.9k

+2.43%

cash

3.1k

-0.1%

net assets

Total assets minus all liabilities

fly eye recordings limited company details

company number

08244378

Type

Private limited with Share Capital

industry

90030 - Artistic creation

incorporation date

October 2012

age

13

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

48 george street, floor 2, london, W1U 7DY

Bank

-

Legal Advisor

-

fly eye recordings limited 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 fly eye recordings limited.

fly eye recordings limited 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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fly eye recordings limited Companies House Filings - See Documents

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