hogan music limited
hogan music limited Company Information
Company Number
08261946
Next Accounts
479 days late
Industry
Wholesale of musical instruments
Shareholders
steven christmas
patrick george hogan
Group Structure
View All
Contact
Registered Address
c/o harveys insolvency & turnaro, 2 old bath road, newbury, berkshire, RG14 1QL
Website
www.hoganmusic.co.ukhogan music limited Estimated Valuation
Pomanda estimates the enterprise value of HOGAN MUSIC LIMITED at £234.2k based on a Turnover of £1m and 0.23x industry multiple (adjusted for size and gross margin).
hogan music limited Estimated Valuation
Pomanda estimates the enterprise value of HOGAN MUSIC LIMITED at £0 based on an EBITDA of £-155.5k and a 2.69x industry multiple (adjusted for size and gross margin).
hogan music limited Estimated Valuation
Pomanda estimates the enterprise value of HOGAN MUSIC LIMITED at £0 based on Net Assets of £-257.6k and 1.59x industry multiple (adjusted for liquidity).
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Hogan Music Limited Overview
Hogan Music Limited is a live company located in newbury, RG14 1QL with a Companies House number of 08261946. It operates in the wholesale of musical instruments sector, SIC Code 46491. Founded in October 2012, it's largest shareholder is steven christmas with a 55% stake. Hogan Music Limited is a established, small sized company, Pomanda has estimated its turnover at £1m with declining growth in recent years.
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Hogan Music Limited Health Check
Pomanda's financial health check has awarded Hogan Music Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
8 Weak
Size
annual sales of £1m, make it smaller than the average company (£11m)
- Hogan Music Limited
£11m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (-2.8%)
- Hogan Music Limited
-2.8% - Industry AVG
Production
with a gross margin of 26.1%, this company has a comparable cost of product (26.1%)
- Hogan Music Limited
26.1% - Industry AVG
Profitability
an operating margin of -17.3% make it less profitable than the average company (2.3%)
- Hogan Music Limited
2.3% - Industry AVG
Employees
with 8 employees, this is below the industry average (33)
8 - Hogan Music Limited
33 - Industry AVG
Pay Structure
on an average salary of £47.9k, the company has an equivalent pay structure (£47.9k)
- Hogan Music Limited
£47.9k - Industry AVG
Efficiency
resulting in sales per employee of £125.9k, this is less efficient (£398.3k)
- Hogan Music Limited
£398.3k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (54 days)
- Hogan Music Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 36 days, this is quicker than average (45 days)
- Hogan Music Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 13 days, this is less than average (169 days)
- Hogan Music Limited
169 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (27 weeks)
2 weeks - Hogan Music Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 440.4%, this is a higher level of debt than the average (43.5%)
440.4% - Hogan Music Limited
43.5% - Industry AVG
HOGAN MUSIC LIMITED financials
Hogan Music Limited's latest turnover from December 2021 is estimated at £1 million and the company has net assets of -£257.6 thousand. According to their latest financial statements, Hogan Music Limited has 8 employees and maintains cash reserves of £11.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 8 | 10 | 9 | 8 | 11 | 7 | 13 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,649 | 28,070 | 42,344 | 54,491 | 83,886 | 117,770 | 134,361 | 108,922 | 21,014 |
| Intangible Assets | 645 | 2,176 | 2,926 | 1,770 | 440 | 880 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 13,294 | 30,246 | 45,270 | 56,261 | 84,326 | 118,650 | 134,361 | 108,922 | 21,014 |
| Stock & work in progress | 27,922 | 48,227 | 75,672 | 287,317 | 237,701 | 219,879 | 236,601 | 145,258 | 78,557 |
| Trade Debtors | 23,125 | 20,048 | 53,363 | 78,047 | 63,143 | 167,378 | 86,680 | 30,821 | 7,724 |
| Group Debtors | 0 | 0 | 0 | 20,000 | 0 | 5,972 | 0 | 0 | 0 |
| Misc Debtors | 175 | 11,565 | 8,034 | 59,643 | 13,184 | 26,496 | 7,646 | 0 | 0 |
| Cash | 11,159 | 89,635 | 3,213 | 5,498 | 442 | 777 | 237 | 219 | 310 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 62,381 | 169,475 | 140,282 | 450,505 | 314,470 | 420,502 | 331,164 | 176,298 | 86,591 |
| total assets | 75,675 | 199,721 | 185,552 | 506,766 | 398,796 | 539,152 | 465,525 | 285,220 | 107,605 |
| Bank overdraft | 5,000 | 0 | 57 | 0 | 39,485 | 20,357 | 36,911 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 73,879 | 46,049 | 53,029 | 66,022 | 36,578 | 48,537 | 68,603 | 418,230 | 174,079 |
| Group/Directors Accounts | 38,000 | 0 | 2,783 | 865,299 | 677,446 | 712,762 | 500,672 | 0 | 0 |
| other short term finances | 20,000 | 20,000 | 122,000 | 2,507 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 105,904 | 49,927 | 34,156 | 15,069 | 12,283 | 17,142 | 14,501 | 0 | 0 |
| total current liabilities | 242,783 | 115,976 | 212,025 | 948,897 | 765,792 | 798,798 | 620,687 | 418,230 | 174,079 |
| loans | 90,515 | 158,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 90,515 | 158,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 333,298 | 273,976 | 212,025 | 948,897 | 765,792 | 798,798 | 620,687 | 418,230 | 174,079 |
| net assets | -257,623 | -74,255 | -26,473 | -442,131 | -366,996 | -259,646 | -155,162 | -133,010 | -66,474 |
| total shareholders funds | -257,623 | -74,255 | -26,473 | -442,131 | -366,996 | -259,646 | -155,162 | -133,010 | -66,474 |
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 18,421 | 14,274 | 19,563 | 31,176 | 36,221 | 24,743 | 15,010 | 7,524 | 1,502 |
| Amortisation | 375 | 750 | 719 | 545 | 440 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | -20,305 | -27,445 | -211,645 | 49,616 | 17,822 | -16,722 | 91,343 | 66,701 | 78,557 |
| Debtors | -8,313 | -29,784 | -96,293 | 81,363 | -123,519 | 105,520 | 63,505 | 23,097 | 7,724 |
| Creditors | 27,830 | -6,980 | -12,993 | 29,444 | -11,959 | -20,066 | -349,627 | 244,151 | 174,079 |
| Accruals and Deferred Income | 55,977 | 15,771 | 19,087 | 2,786 | -4,859 | 2,641 | 14,501 | 0 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 38,000 | -2,783 | -862,516 | 187,853 | -35,316 | 212,090 | 500,672 | 0 | 0 |
| Other Short Term Loans | 0 | -102,000 | 119,493 | 2,507 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -67,485 | 158,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -78,476 | 86,422 | -2,285 | 5,056 | -335 | 540 | 18 | -91 | 310 |
| overdraft | 5,000 | -57 | 57 | -39,485 | 19,128 | -16,554 | 36,911 | 0 | 0 |
| change in cash | -83,476 | 86,479 | -2,342 | 44,541 | -19,463 | 17,094 | -36,893 | -91 | 310 |
hogan music limited Credit Report and Business Information
Hogan Music Limited Competitor Analysis
Perform a competitor analysis for hogan music limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in RG14 area or any other competitors across 12 key performance metrics.
hogan music limited Ownership
HOGAN MUSIC LIMITED group structure
Hogan Music Limited has no subsidiary companies.
Ultimate parent company
2 parents
HOGAN MUSIC LIMITED
08261946
hogan music limited directors
Hogan Music Limited currently has 2 directors. The longest serving directors include Mr Patrick Hogan (Oct 2012) and Mr Stephen Christmas (Jan 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Patrick Hogan | 58 years | Oct 2012 | - | Director | |
| Mr Stephen Christmas | England | 46 years | Jan 2020 | - | Director |
P&L
December 2021turnover
1m
+2%
operating profit
-174.3k
0%
gross margin
26.1%
+0.75%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
-257.6k
+2.47%
total assets
75.7k
-0.62%
cash
11.2k
-0.88%
net assets
Total assets minus all liabilities
hogan music limited company details
company number
08261946
Type
Private limited with Share Capital
industry
46491 - Wholesale of musical instruments
incorporation date
October 2012
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2021
previous names
N/A
accountant
K H ACCOUNTING
auditor
-
address
c/o harveys insolvency & turnaro, 2 old bath road, newbury, berkshire, RG14 1QL
Bank
-
Legal Advisor
-
hogan music 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 found 2 charges/mortgages relating to hogan music limited. Currently there are 1 open charges and 1 have been satisfied in the past.
hogan music 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.
Click to start generating capital raising & share issue transactions for HOGAN MUSIC LIMITED. This can take several minutes, an email will notify you when this has completed.
hogan music limited Companies House Filings - See Documents
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