optimal audio group limited
optimal audio group limited Company Information
Company Number
11341979
Next Accounts
May 2025
Shareholders
focusrite plc
Group Structure
View All
Industry
Non-trading company
+1Registered Address
unit 2 century point, halifax road, high wycombe, buckinghamshire, HP12 3SL
Website
optimal-audio.co.ukoptimal audio group limited Estimated Valuation
Pomanda estimates the enterprise value of OPTIMAL AUDIO GROUP LIMITED at £221.5k based on a Turnover of £696k and 0.32x industry multiple (adjusted for size and gross margin).
optimal audio group limited Estimated Valuation
Pomanda estimates the enterprise value of OPTIMAL AUDIO GROUP LIMITED at £0 based on an EBITDA of £-471k and a 2.38x industry multiple (adjusted for size and gross margin).
optimal audio group limited Estimated Valuation
Pomanda estimates the enterprise value of OPTIMAL AUDIO GROUP LIMITED at £0 based on Net Assets of £-1.5m and 1.66x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Optimal Audio Group Limited Overview
Optimal Audio Group Limited is a live company located in high wycombe, HP12 3SL with a Companies House number of 11341979. It operates in the manufacture of other electrical equipment sector, SIC Code 27900. Founded in May 2018, it's largest shareholder is focusrite plc with a 100% stake. Optimal Audio Group Limited is a young, small sized company, Pomanda has estimated its turnover at £696k with high growth in recent years.
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Optimal Audio Group Limited Health Check
Pomanda's financial health check has awarded Optimal Audio Group Limited a 0.5 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
0 Regular
8 Weak
Size
annual sales of £696k, make it smaller than the average company (£8m)
£696k - Optimal Audio Group Limited
£8m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (4.5%)
16% - Optimal Audio Group Limited
4.5% - Industry AVG
Production
with a gross margin of 4.7%, this company has a higher cost of product (34.5%)
4.7% - Optimal Audio Group Limited
34.5% - Industry AVG
Profitability
an operating margin of -76.9% make it less profitable than the average company (5.6%)
-76.9% - Optimal Audio Group Limited
5.6% - Industry AVG
Employees
with 8 employees, this is below the industry average (57)
8 - Optimal Audio Group Limited
57 - Industry AVG
Pay Structure
on an average salary of £73.8k, the company has a higher pay structure (£44.3k)
£73.8k - Optimal Audio Group Limited
£44.3k - Industry AVG
Efficiency
resulting in sales per employee of £87k, this is less efficient (£159.5k)
£87k - Optimal Audio Group Limited
£159.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Optimal Audio Group Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (45 days)
14 days - Optimal Audio Group Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Optimal Audio Group Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Optimal Audio Group Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 107.6%, this is a higher level of debt than the average (45.2%)
107.6% - Optimal Audio Group Limited
45.2% - Industry AVG
OPTIMAL AUDIO GROUP LIMITED financials
Optimal Audio Group Limited's latest turnover from August 2023 is £696 thousand and the company has net assets of -£1.5 million. According to their latest financial statements, Optimal Audio Group Limited has 8 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 696,000 | 575,000 | 347,000 | 445,000 | 24,892,429 | 11,810,559 |
| Other Income Or Grants | ||||||
| Cost Of Sales | 663,000 | 548,000 | 315,000 | 404,000 | 12,879,638 | 8,954,397 |
| Gross Profit | 33,000 | 27,000 | 32,000 | 41,000 | 12,012,791 | 2,856,162 |
| Admin Expenses | 568,000 | 400,000 | 291,000 | 1,592,000 | 9,648,161 | 1,904,323 |
| Operating Profit | -535,000 | -373,000 | -259,000 | -1,551,000 | 2,364,630 | 951,839 |
| Interest Payable | 859,000 | 503,000 | 590,000 | 980,000 | 1,404,468 | 673,851 |
| Interest Receivable | 3,500,000 | 73 | ||||
| Pre-Tax Profit | -1,394,000 | 2,624,000 | 1,475,000 | -2,531,000 | 960,235 | 277,988 |
| Tax | -87,000 | 233,000 | 167,971 | -23,819 | ||
| Profit After Tax | -1,394,000 | 2,537,000 | 1,708,000 | -2,531,000 | 1,128,206 | 254,169 |
| Dividends Paid | ||||||
| Retained Profit | -1,394,000 | 2,537,000 | 1,708,000 | -2,531,000 | 1,128,206 | 254,169 |
| Employee Costs | 590,000 | 489,000 | 654,000 | 436,000 | 5,059,850 | 1,786,826 |
| Number Of Employees | 8 | 8 | 7 | 7 | 75 | 67 |
| EBITDA* | -471,000 | -310,000 | -209,000 | -1,547,000 | 3,480,756 | 1,518,501 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 111,000 | 63,000 | 75,000 | 289,876 | 341,224 | |
| Intangible Assets | 36,000 | 76,000 | 107,000 | 66,000 | 8,196,381 | 8,904,910 |
| Investments & Other | 19,685,000 | 19,685,000 | 7,408,000 | 10,342,000 | ||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 19,832,000 | 19,824,000 | 7,590,000 | 10,408,000 | 8,486,257 | 9,246,134 |
| Stock & work in progress | 6,135,026 | 4,980,278 | ||||
| Trade Debtors | 2,811,934 | 1,796,926 | ||||
| Group Debtors | ||||||
| Misc Debtors | 4,000 | 44,000 | 58,000 | 958,120 | 980,542 | |
| Cash | 53,000 | 198,000 | 756,000 | 4,300,558 | 3,201,330 | |
| misc current assets | ||||||
| total current assets | 4,000 | 97,000 | 256,000 | 756,000 | 14,205,638 | 10,959,076 |
| total assets | 19,836,000 | 19,921,000 | 7,846,000 | 11,164,000 | 22,691,895 | 20,205,210 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 26,000 | 314,000 | 3,373,583 | 2,365,587 | ||
| Group/Directors Accounts | 21,282,000 | 19,685,000 | 1,795,000 | 2,545,000 | ||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 448,000 | 2,819,767 | 3,913,831 | |||
| total current liabilities | 21,308,000 | 19,999,000 | 1,795,000 | 2,993,000 | 6,193,350 | 6,279,418 |
| loans | 8,698,000 | 12,526,000 | 14,792,351 | 13,373,139 | ||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | 32,000 | 32,000 | ||||
| total long term liabilities | 32,000 | 32,000 | 8,698,000 | 12,526,000 | 14,792,351 | 13,373,139 |
| total liabilities | 21,340,000 | 20,031,000 | 10,493,000 | 15,519,000 | 20,985,701 | 19,652,557 |
| net assets | -1,504,000 | -110,000 | -2,647,000 | -4,355,000 | 1,706,194 | 552,653 |
| total shareholders funds | -1,504,000 | -110,000 | -2,647,000 | -4,355,000 | 1,706,194 | 552,653 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -535,000 | -373,000 | -259,000 | -1,551,000 | 2,364,630 | 951,839 |
| Depreciation | 24,000 | 25,000 | 10,000 | 124,104 | 97,983 | |
| Amortisation | 40,000 | 38,000 | 40,000 | 4,000 | 992,022 | 468,679 |
| Tax | -87,000 | 233,000 | 167,971 | -23,819 | ||
| Stock | -6,135,026 | 1,154,748 | 4,980,278 | |||
| Debtors | -40,000 | -14,000 | 58,000 | -3,770,054 | 992,586 | 2,777,468 |
| Creditors | -288,000 | 314,000 | -3,373,583 | 1,007,996 | 2,365,587 | |
| Accruals and Deferred Income | -448,000 | -2,371,767 | -1,094,064 | 3,913,831 | ||
| Deferred Taxes & Provisions | 32,000 | |||||
| Cash flow from operations | -719,000 | -37,000 | -482,000 | 2,612,730 | 1,415,325 | 16,354 |
| Investing Activities | ||||||
| capital expenditure | -356,249 | -199,997 | ||||
| Change in Investments | 12,277,000 | -2,934,000 | 10,342,000 | |||
| cash flow from investments | -356,249 | -199,997 | ||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | 1,597,000 | 17,890,000 | -750,000 | 2,545,000 | ||
| Other Short Term Loans | ||||||
| Long term loans | -8,698,000 | -3,828,000 | -2,266,351 | 1,419,212 | 13,373,139 | |
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | -859,000 | 2,997,000 | -590,000 | -980,000 | -1,404,395 | -673,851 |
| cash flow from financing | 738,000 | 12,189,000 | -5,168,000 | -4,231,545 | 40,152 | 12,997,772 |
| cash and cash equivalents | ||||||
| cash | -53,000 | -145,000 | -558,000 | -3,544,558 | 1,099,228 | 3,201,330 |
| overdraft | ||||||
| change in cash | -53,000 | -145,000 | -558,000 | -3,544,558 | 1,099,228 | 3,201,330 |
optimal audio group limited Credit Report and Business Information
Optimal Audio Group Limited Competitor Analysis
Perform a competitor analysis for optimal audio group limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in HP12 area or any other competitors across 12 key performance metrics.
optimal audio group limited Ownership
OPTIMAL AUDIO GROUP LIMITED group structure
Optimal Audio Group Limited has 4 subsidiary companies.
Ultimate parent company
1 parent
OPTIMAL AUDIO GROUP LIMITED
11341979
4 subsidiaries
optimal audio group limited directors
Optimal Audio Group Limited currently has 5 directors. The longest serving directors include Mr Dominic Harter (Jun 2018) and Mr Dominic Harter (Jun 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Dominic Harter | 48 years | Jun 2018 | - | Director | |
| Mr Dominic Harter | United Kingdom | 48 years | Jun 2018 | - | Director |
| Mr Tim Carroll | England | 63 years | Dec 2019 | - | Director |
| Mr Philip Dudderidge | England | 76 years | Dec 2019 | - | Director |
| Mrs Sally McKone | England | 57 years | Mar 2021 | - | Director |
P&L
August 2023turnover
696k
+21%
operating profit
-535k
+43%
gross margin
4.8%
+0.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
-1.5m
+12.67%
total assets
19.8m
0%
cash
0
-1%
net assets
Total assets minus all liabilities
optimal audio group limited company details
company number
11341979
Type
Private limited with Share Capital
industry
74990 - Non-trading company
27900 - Manufacture of other electrical equipment
incorporation date
May 2018
age
7
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
August 2023
previous names
ensco 1287 limited (July 2018)
accountant
-
auditor
-
address
unit 2 century point, halifax road, high wycombe, buckinghamshire, HP12 3SL
Bank
-
Legal Advisor
-
optimal audio group 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 3 charges/mortgages relating to optimal audio group limited. Currently there are 2 open charges and 1 have been satisfied in the past.
optimal audio group 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 OPTIMAL AUDIO GROUP LIMITED. This can take several minutes, an email will notify you when this has completed.
optimal audio group limited Companies House Filings - See Documents
| date | description | view/download |
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