true sound hire limited
true sound hire limited Company Information
Company Number
08410750
Website
www.truesoundhire.co.ukRegistered Address
27 old gloucester street, london, WC1N 3AX
Industry
Support activities to performing arts
Telephone
-
Next Accounts Due
February 2025
Group Structure
View All
Directors
Tim Maysh11 Years
Shareholders
kerry maysh 50%
tim maysh 50%
true sound hire limited Estimated Valuation
Pomanda estimates the enterprise value of TRUE SOUND HIRE LIMITED at £122.3k based on a Turnover of £454.7k and 0.27x industry multiple (adjusted for size and gross margin).
true sound hire limited Estimated Valuation
Pomanda estimates the enterprise value of TRUE SOUND HIRE LIMITED at £218.2k based on an EBITDA of £83.5k and a 2.61x industry multiple (adjusted for size and gross margin).
true sound hire limited Estimated Valuation
Pomanda estimates the enterprise value of TRUE SOUND HIRE LIMITED at £0 based on Net Assets of £-68k and 0.48x industry multiple (adjusted for liquidity).
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True Sound Hire Limited Overview
True Sound Hire Limited is a live company located in london, WC1N 3AX with a Companies House number of 08410750. It operates in the support activities to performing arts sector, SIC Code 90020. Founded in February 2013, it's largest shareholder is kerry maysh with a 50% stake. True Sound Hire Limited is a established, micro sized company, Pomanda has estimated its turnover at £454.7k with healthy growth in recent years.
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True Sound Hire Limited Health Check
Pomanda's financial health check has awarded True Sound Hire Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £454.7k, make it larger than the average company (£269.2k)
- True Sound Hire Limited
£269.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (4.9%)
- True Sound Hire Limited
4.9% - Industry AVG
Production
with a gross margin of 12.3%, this company has a higher cost of product (39.2%)
- True Sound Hire Limited
39.2% - Industry AVG
Profitability
an operating margin of 18.4% make it more profitable than the average company (6.3%)
- True Sound Hire Limited
6.3% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
- True Sound Hire Limited
4 - Industry AVG
Pay Structure
on an average salary of £28.7k, the company has an equivalent pay structure (£28.7k)
- True Sound Hire Limited
£28.7k - Industry AVG
Efficiency
resulting in sales per employee of £151.6k, this is more efficient (£73k)
- True Sound Hire Limited
£73k - Industry AVG
Debtor Days
it gets paid by customers after 65 days, this is later than average (15 days)
- True Sound Hire Limited
15 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (29 days)
- True Sound Hire Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- True Sound Hire Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - True Sound Hire Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 183.3%, this is a higher level of debt than the average (32.2%)
183.3% - True Sound Hire Limited
32.2% - Industry AVG
TRUE SOUND HIRE LIMITED financials
True Sound Hire Limited's latest turnover from May 2023 is estimated at £454.7 thousand and the company has net assets of -£68 thousand. According to their latest financial statements, we estimate that True Sound Hire Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 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 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 12,709 | 16,945 | 6,623 | 3,507 | 4,677 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 12,709 | 16,945 | 6,623 | 3,507 | 4,677 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 137,580 | 81,866 | 23,704 |
| Trade Debtors | 81,690 | 26,709 | 80,239 | 76,917 | 2,102 | 141,175 | 190,182 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,999 | 31,791 | 17,079 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 81,690 | 26,709 | 80,239 | 76,917 | 2,102 | 141,175 | 190,182 | 165,579 | 113,657 | 40,783 |
| total assets | 81,690 | 26,709 | 80,239 | 76,917 | 2,102 | 153,884 | 207,127 | 172,202 | 117,164 | 45,460 |
| 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 | 11,283 | 8,350 | 5,935 | 11,918 | 6,840 | 8,631 | 5,111 | 9,439 | 24,531 | 12,588 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 11,283 | 8,350 | 5,935 | 11,918 | 6,840 | 8,631 | 5,111 | 9,439 | 24,531 | 12,588 |
| loans | 0 | 0 | 0 | 0 | 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 | 138,416 | 149,015 | 219,747 | 231,081 | 179,217 | 211,120 | 226,159 | 152,990 | 53,272 | 25,509 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 138,416 | 149,015 | 219,747 | 231,081 | 179,217 | 211,120 | 226,159 | 152,990 | 53,272 | 25,509 |
| total liabilities | 149,699 | 157,365 | 225,682 | 242,999 | 186,057 | 219,751 | 231,270 | 162,429 | 77,803 | 38,097 |
| net assets | -68,009 | -130,656 | -145,443 | -166,082 | -183,955 | -65,867 | -24,143 | 9,773 | 39,361 | 7,363 |
| total shareholders funds | -68,009 | -130,656 | -145,443 | -166,082 | -183,955 | -65,867 | -24,143 | 9,773 | 39,361 | 7,363 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 1,170 | 1,676 | ||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Tax | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | -137,580 | 55,714 | 58,162 | 23,704 |
| Debtors | 54,981 | -53,530 | 3,322 | 74,815 | -139,073 | -49,007 | 190,182 | 0 | 0 | 0 |
| Creditors | 2,933 | 2,415 | -5,983 | 5,078 | -1,791 | 3,520 | -4,328 | -15,092 | 11,943 | 12,588 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 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 |
| other long term liabilities | -10,599 | -70,732 | -11,334 | 51,864 | -31,903 | -15,039 | 73,169 | 99,718 | 27,763 | 25,509 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -27,999 | -3,792 | 14,712 | 17,079 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -27,999 | -3,792 | 14,712 | 17,079 |
true sound hire limited Credit Report and Business Information
True Sound Hire Limited Competitor Analysis
Perform a competitor analysis for true sound hire limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other micro companies, companies in WC1N area or any other competitors across 12 key performance metrics.
true sound hire limited Ownership
TRUE SOUND HIRE LIMITED group structure
True Sound Hire Limited has no subsidiary companies.
Ultimate parent company
TRUE SOUND HIRE LIMITED
08410750
true sound hire limited directors
True Sound Hire Limited currently has 1 director, Mr Tim Maysh serving since Feb 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Tim Maysh | United Kingdom | 38 years | Feb 2013 | - | Director |
P&L
May 2023turnover
454.7k
+284%
operating profit
83.5k
0%
gross margin
12.4%
+15.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
-68k
-0.48%
total assets
81.7k
+2.06%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
true sound hire limited company details
company number
08410750
Type
Private limited with Share Capital
industry
90020 - Support activities to performing arts
incorporation date
February 2013
age
11
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
May 2023
address
27 old gloucester street, london, WC1N 3AX
accountant
-
auditor
-
true sound hire 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 true sound hire limited.
true sound hire limited Companies House Filings - See Documents
| date | description | view/download |
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