margate soul festival limited
margate soul festival limited Company Information
Company Number
10068402
Next Accounts
Sep 2025
Industry
Radio broadcasting
Directors
Shareholders
eli thompson
tristar commucinations limited
Group Structure
View All
Contact
Registered Address
35 high street, margate, CT9 1DX
Website
margatesoulfestival.co.ukmargate soul festival limited Estimated Valuation
Pomanda estimates the enterprise value of MARGATE SOUL FESTIVAL LIMITED at £38.3k based on a Turnover of £71k and 0.54x industry multiple (adjusted for size and gross margin).
margate soul festival limited Estimated Valuation
Pomanda estimates the enterprise value of MARGATE SOUL FESTIVAL LIMITED at £0 based on an EBITDA of £-2.7k and a 2.71x industry multiple (adjusted for size and gross margin).
margate soul festival limited Estimated Valuation
Pomanda estimates the enterprise value of MARGATE SOUL FESTIVAL LIMITED at £0 based on Net Assets of £-1.6k and 2.01x industry multiple (adjusted for liquidity).
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Margate Soul Festival Limited Overview
Margate Soul Festival Limited is a live company located in margate, CT9 1DX with a Companies House number of 10068402. It operates in the radio broadcasting sector, SIC Code 60100. Founded in March 2016, it's largest shareholder is eli thompson with a 50% stake. Margate Soul Festival Limited is a young, micro sized company, Pomanda has estimated its turnover at £71k with declining growth in recent years.
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Margate Soul Festival Limited Health Check
Pomanda's financial health check has awarded Margate Soul Festival Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
8 Weak
Size
annual sales of £71k, make it smaller than the average company (£1.5m)
- Margate Soul Festival Limited
£1.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -35%, show it is growing at a slower rate (0.1%)
- Margate Soul Festival Limited
0.1% - Industry AVG
Production
with a gross margin of 59.4%, this company has a comparable cost of product (62.3%)
- Margate Soul Festival Limited
62.3% - Industry AVG
Profitability
an operating margin of -3.8% make it less profitable than the average company (13.1%)
- Margate Soul Festival Limited
13.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (5)
2 - Margate Soul Festival Limited
5 - Industry AVG
Pay Structure
on an average salary of £44.4k, the company has an equivalent pay structure (£44.4k)
- Margate Soul Festival Limited
£44.4k - Industry AVG
Efficiency
resulting in sales per employee of £35.5k, this is less efficient (£95.9k)
- Margate Soul Festival Limited
£95.9k - Industry AVG
Debtor Days
it gets paid by customers after 71 days, this is later than average (24 days)
- Margate Soul Festival Limited
24 days - Industry AVG
Creditor Days
its suppliers are paid after 302 days, this is slower than average (16 days)
- Margate Soul Festival Limited
16 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Margate Soul Festival Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 66 weeks, this is less cash available to meet short term requirements (87 weeks)
66 weeks - Margate Soul Festival Limited
87 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 103.5%, this is a higher level of debt than the average (34.8%)
103.5% - Margate Soul Festival Limited
34.8% - Industry AVG
MARGATE SOUL FESTIVAL LIMITED financials
Margate Soul Festival Limited's latest turnover from December 2023 is estimated at £71 thousand and the company has net assets of -£1.6 thousand. According to their latest financial statements, Margate Soul Festival Limited has 2 employees and maintains cash reserves of £30.6 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 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | 2 | 2 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 13,935 | 11,253 | 37,656 | 48,872 | 76,694 | 5,600 | 16,036 | 16,444 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 30,635 | 38,287 | 93,073 | 79,967 | 36,893 | 396 | 11,154 | 8,811 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 44,570 | 49,540 | 130,729 | 128,839 | 113,587 | 5,996 | 27,190 | 25,255 |
| total assets | 44,570 | 49,540 | 130,729 | 128,839 | 113,587 | 5,996 | 27,190 | 25,255 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 23,910 | 23,909 | 104,374 | 98,895 | 115,373 | 11,979 | 5,335 | 25,651 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 23,910 | 23,909 | 104,374 | 98,895 | 115,373 | 11,979 | 5,335 | 25,651 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 22,226 | 26,314 | 27,417 | 30,333 | 0 | 0 | 23,866 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 22,226 | 26,314 | 27,417 | 30,333 | 0 | 0 | 23,866 | 0 |
| total liabilities | 46,136 | 50,223 | 131,791 | 129,228 | 115,373 | 11,979 | 29,201 | 25,651 |
| net assets | -1,566 | -683 | -1,062 | -389 | -1,786 | -5,983 | -2,011 | -396 |
| total shareholders funds | -1,566 | -683 | -1,062 | -389 | -1,786 | -5,983 | -2,011 | -396 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,682 | -26,403 | -11,216 | -27,822 | 71,094 | -10,844 | -408 | 16,444 |
| Creditors | 1 | -80,465 | 5,479 | -16,478 | 103,394 | -13,672 | -20,316 | 25,651 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -4,088 | -1,103 | -2,916 | 30,333 | 0 | 0 | 23,866 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -7,652 | -54,786 | 13,106 | 43,074 | 36,497 | -8,415 | 2,343 | 8,811 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -7,652 | -54,786 | 13,106 | 43,074 | 36,497 | -8,415 | 2,343 | 8,811 |
margate soul festival limited Credit Report and Business Information
Margate Soul Festival Limited Competitor Analysis
Perform a competitor analysis for margate soul festival limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in CT9 area or any other competitors across 12 key performance metrics.
margate soul festival limited Ownership
MARGATE SOUL FESTIVAL LIMITED group structure
Margate Soul Festival Limited has no subsidiary companies.
Ultimate parent company
MARGATE SOUL FESTIVAL LIMITED
10068402
margate soul festival limited directors
Margate Soul Festival Limited currently has 1 director, Mr Eli Thompson serving since Mar 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Eli Thompson | England | 58 years | Mar 2016 | - | Director |
P&L
December 2023turnover
71k
+13%
operating profit
-2.7k
0%
gross margin
59.5%
-0.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-1.6k
+1.29%
total assets
44.6k
-0.1%
cash
30.6k
-0.2%
net assets
Total assets minus all liabilities
Similar Companies
margate soul festival limited company details
company number
10068402
Type
Private limited with Share Capital
industry
60100 - Radio broadcasting
incorporation date
March 2016
age
8
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
December 2023
previous names
N/A
accountant
BARANOV ASSOCIATES LTD
auditor
-
address
35 high street, margate, CT9 1DX
Bank
-
Legal Advisor
-
margate soul festival 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 margate soul festival limited.
margate soul festival 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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margate soul festival limited Companies House Filings - See Documents
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