fly point music limited
fly point music limited Company Information
Company Number
10731230
Next Accounts
91 days late
Industry
Sound recording and music publishing activities
Shareholders
moonbug entertainment limited
Group Structure
View All
Contact
Registered Address
3rd floor labs upper lock, 3-6 water lane, london, NW1 8JZ
Website
flypointmusic.comfly point music limited Estimated Valuation
Pomanda estimates the enterprise value of FLY POINT MUSIC LIMITED at £339.8m based on a Turnover of £191.3m and 1.78x industry multiple (adjusted for size and gross margin).
fly point music limited Estimated Valuation
Pomanda estimates the enterprise value of FLY POINT MUSIC LIMITED at £749.3m based on an EBITDA of £78m and a 9.61x industry multiple (adjusted for size and gross margin).
fly point music limited Estimated Valuation
Pomanda estimates the enterprise value of FLY POINT MUSIC LIMITED at £387.8m based on Net Assets of £209.2m and 1.85x industry multiple (adjusted for liquidity).
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Fly Point Music Limited Overview
Fly Point Music Limited is a live company located in london, NW1 8JZ with a Companies House number of 10731230. It operates in the sound recording and music publishing activities sector, SIC Code 59200. Founded in April 2017, it's largest shareholder is moonbug entertainment limited with a 100% stake. Fly Point Music Limited is a young, mega sized company, Pomanda has estimated its turnover at £191.3m with rapid growth in recent years.
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Fly Point Music Limited Health Check
Pomanda's financial health check has awarded Fly Point Music Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
4 Weak
Size
annual sales of £191.3m, make it larger than the average company (£644.4k)
£191.3m - Fly Point Music Limited
£644.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 629%, show it is growing at a faster rate (8.1%)
- Fly Point Music Limited
8.1% - Industry AVG
Production
with a gross margin of 67.3%, this company has a lower cost of product (41.2%)
67.3% - Fly Point Music Limited
41.2% - Industry AVG
Profitability
an operating margin of 29.6% make it more profitable than the average company (6.7%)
29.6% - Fly Point Music Limited
6.7% - Industry AVG
Employees
with 350 employees, this is above the industry average (3)
350 - Fly Point Music Limited
3 - Industry AVG
Pay Structure
on an average salary of £114.8k, the company has a higher pay structure (£47k)
£114.8k - Fly Point Music Limited
£47k - Industry AVG
Efficiency
resulting in sales per employee of £546.5k, this is more efficient (£135k)
£546.5k - Fly Point Music Limited
£135k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is later than average (31 days)
62 days - Fly Point Music Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (46 days)
11 days - Fly Point Music Limited
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Fly Point Music Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is less cash available to meet short term requirements (28 weeks)
13 weeks - Fly Point Music Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36.7%, this is a lower level of debt than the average (75.9%)
36.7% - Fly Point Music Limited
75.9% - Industry AVG
FLY POINT MUSIC LIMITED financials
Fly Point Music Limited's latest turnover from December 2022 is £191.3 million and the company has net assets of £209.2 million. According to their latest financial statements, Fly Point Music Limited has 350 employees and maintains cash reserves of £30.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 191,262,000 | |||||
| Other Income Or Grants | 0 | |||||
| Cost Of Sales | 62,536,000 | |||||
| Gross Profit | 128,726,000 | |||||
| Admin Expenses | 72,029,000 | |||||
| Operating Profit | 56,697,000 | |||||
| Interest Payable | 2,727,000 | |||||
| Interest Receivable | 0 | |||||
| Pre-Tax Profit | 72,981,000 | |||||
| Tax | -10,506,000 | |||||
| Profit After Tax | 62,475,000 | |||||
| Dividends Paid | 0 | |||||
| Retained Profit | 62,475,000 | |||||
| Employee Costs | 40,184,000 | 96,603 | 19,356 | |||
| Number Of Employees | 350 | 2 | 2 | 2 | ||
| EBITDA* | 78,000,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,594,000 | 0 | 24,278 | 22,232 | 24,949 | 2,815 |
| Intangible Assets | 203,516,000 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 205,110,000 | 0 | 24,278 | 22,232 | 24,949 | 2,815 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 32,774,000 | 0 | 0 | 0 | 210,300 | 91,947 |
| Group Debtors | 11,531,000 | 226,055 | 0 | 0 | 0 | 0 |
| Misc Debtors | 50,489,000 | 151,860 | 366,457 | 292,170 | 0 | 0 |
| Cash | 30,235,000 | 1,234,945 | 1,067,876 | 561,633 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 125,029,000 | 1,612,860 | 1,434,333 | 853,803 | 210,300 | 91,947 |
| total assets | 330,139,000 | 1,612,860 | 1,458,611 | 876,035 | 235,249 | 94,762 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,941,000 | 0 | 0 | 0 | 75,317 | 44,212 |
| Group/Directors Accounts | 63,582,000 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 52,891,000 | 150,284 | 234,033 | 173,285 | 0 | 0 |
| total current liabilities | 118,414,000 | 150,284 | 234,033 | 173,285 | 75,317 | 44,212 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 540 | 420 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 2,574,000 | 0 | 4,613 | 4,224 | 0 | 0 |
| total long term liabilities | 2,574,000 | 0 | 4,613 | 4,224 | 540 | 420 |
| total liabilities | 120,988,000 | 150,284 | 238,646 | 177,509 | 75,857 | 44,632 |
| net assets | 209,151,000 | 1,462,576 | 1,219,965 | 698,526 | 159,392 | 50,130 |
| total shareholders funds | 209,151,000 | 1,462,576 | 1,219,965 | 698,526 | 159,392 | 50,130 |
| Dec 2022 | Dec 2021 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 56,697,000 | |||||
| Depreciation | 520,000 | 2,607 | 8,093 | |||
| Amortisation | 20,783,000 | 0 | 0 | 0 | ||
| Tax | -10,506,000 | |||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 94,416,085 | 85,745 | 74,287 | 81,870 | 118,353 | 91,947 |
| Creditors | 1,941,000 | 0 | 0 | -75,317 | 31,105 | 44,212 |
| Accruals and Deferred Income | 52,740,716 | -23,001 | 60,748 | 172,745 | 120 | 420 |
| Deferred Taxes & Provisions | 2,574,000 | -4,224 | 389 | 4,224 | 0 | 0 |
| Cash flow from operations | 30,333,631 | |||||
| Investing Activities | ||||||
| capital expenditure | 0 | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | |||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 63,582,000 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -2,727,000 | |||||
| cash flow from financing | 206,068,424 | |||||
| cash and cash equivalents | ||||||
| cash | 29,000,055 | 673,312 | 506,243 | 561,633 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 29,000,055 | 673,312 | 506,243 | 561,633 | 0 | 0 |
fly point music limited Credit Report and Business Information
Fly Point Music Limited Competitor Analysis
Perform a competitor analysis for fly point music limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mega companies, companies in NW1 area or any other competitors across 12 key performance metrics.
fly point music limited Ownership
FLY POINT MUSIC LIMITED group structure
Fly Point Music Limited has no subsidiary companies.
Ultimate parent company
PROJECT ABC HOLDCO (JERSEY) LTD
#0111426
2 parents
FLY POINT MUSIC LIMITED
10731230
fly point music limited directors
Fly Point Music Limited currently has 4 directors. The longest serving directors include Mr Robert Miller (Nov 2021) and Mr John Robson (Nov 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Miller | United Kingdom | 56 years | Nov 2021 | - | Director |
| Mr John Robson | United Kingdom | 54 years | Nov 2021 | - | Director |
| Mr John Robson | United Kingdom | 54 years | Nov 2021 | - | Director |
| Mr Yitzchok Shmulewitz | 50 years | Nov 2023 | - | Director |
P&L
December 2022turnover
191.3m
0%
operating profit
56.7m
0%
gross margin
67.4%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
209.2m
+142%
total assets
330.1m
+203.69%
cash
30.2m
+23.48%
net assets
Total assets minus all liabilities
fly point music limited company details
company number
10731230
Type
Private limited with Share Capital
industry
59200 - Sound recording and music publishing activities
incorporation date
April 2017
age
7
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
DELOITTE LLP
address
3rd floor labs upper lock, 3-6 water lane, london, NW1 8JZ
Bank
-
Legal Advisor
-
fly point 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 did not find charges/mortgages relating to fly point music limited.
fly point 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.
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fly point music limited Companies House Filings - See Documents
| date | description | view/download |
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