music glue retail limited
music glue retail limited Company Information
Group Structure
View All
Industry
Retail sale of music and video recordings in specialised stores
+1Registered Address
86-90 paul street, london, EC2A 4NE
Website
http://musicglue.commusic glue retail limited Estimated Valuation
Pomanda estimates the enterprise value of MUSIC GLUE RETAIL LIMITED at £46k based on a Turnover of £148.7k and 0.31x industry multiple (adjusted for size and gross margin).
music glue retail limited Estimated Valuation
Pomanda estimates the enterprise value of MUSIC GLUE RETAIL LIMITED at £0 based on an EBITDA of £-21.6k and a 3.91x industry multiple (adjusted for size and gross margin).
music glue retail limited Estimated Valuation
Pomanda estimates the enterprise value of MUSIC GLUE RETAIL LIMITED at £169.7k based on Net Assets of £68.4k and 2.48x industry multiple (adjusted for liquidity).
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Music Glue Retail Limited Overview
Music Glue Retail Limited is a live company located in london, EC2A 4NE with a Companies House number of 12242962. It operates in the retail sale of music and video recordings in specialised stores sector, SIC Code 47630. Founded in October 2019, it's largest shareholder is music glue 2 limited with a 100% stake. Music Glue Retail Limited is a young, micro sized company, Pomanda has estimated its turnover at £148.7k with rapid growth in recent years.
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Music Glue Retail Limited Health Check
Pomanda's financial health check has awarded Music Glue Retail Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
3 Weak
Size
annual sales of £148.7k, make it smaller than the average company (£4.7m)
- Music Glue Retail Limited
£4.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 49%, show it is growing at a faster rate (10.5%)
- Music Glue Retail Limited
10.5% - Industry AVG
Production
with a gross margin of 28.3%, this company has a comparable cost of product (28.3%)
- Music Glue Retail Limited
28.3% - Industry AVG
Profitability
an operating margin of -14.5% make it less profitable than the average company (-0.4%)
- Music Glue Retail Limited
-0.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (63)
1 - Music Glue Retail Limited
63 - Industry AVG
Pay Structure
on an average salary of £24.1k, the company has an equivalent pay structure (£24.1k)
- Music Glue Retail Limited
£24.1k - Industry AVG
Efficiency
resulting in sales per employee of £148.7k, this is equally as efficient (£148.7k)
- Music Glue Retail Limited
£148.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Music Glue Retail Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Music Glue Retail Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Music Glue Retail Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1837 weeks, this is more cash available to meet short term requirements (10 weeks)
1837 weeks - Music Glue Retail Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2.7%, this is a lower level of debt than the average (80.7%)
2.7% - Music Glue Retail Limited
80.7% - Industry AVG
MUSIC GLUE RETAIL LIMITED financials
Music Glue Retail Limited's latest turnover from September 2023 is estimated at £148.7 thousand and the company has net assets of £68.4 thousand. According to their latest financial statements, Music Glue Retail Limited has 1 employee and maintains cash reserves of £67.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | |
|---|---|---|---|---|
| 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 | 1 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | |
|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 3,185 | 3,618 | 11,385 | 1 |
| Cash | 67,153 | 84,316 | 123,036 | 153,891 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 70,338 | 87,934 | 134,421 | 153,892 |
| total assets | 70,338 | 87,934 | 134,421 | 153,892 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 710 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 1,900 | 1,850 | 1,849 | 73,957 |
| total current liabilities | 1,900 | 1,850 | 1,849 | 74,667 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 |
| total liabilities | 1,900 | 1,850 | 1,849 | 74,667 |
| net assets | 68,438 | 86,084 | 132,572 | 79,225 |
| total shareholders funds | 68,438 | 86,084 | 132,572 | 79,225 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | -433 | -7,767 | 11,384 | 1 |
| Creditors | 0 | 0 | -710 | 710 |
| Accruals and Deferred Income | 50 | 1 | -72,108 | 73,957 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | -17,163 | -38,720 | -30,855 | 153,891 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -17,163 | -38,720 | -30,855 | 153,891 |
music glue retail limited Credit Report and Business Information
Music Glue Retail Limited Competitor Analysis
Perform a competitor analysis for music glue retail limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in EC2A area or any other competitors across 12 key performance metrics.
music glue retail limited Ownership
MUSIC GLUE RETAIL LIMITED group structure
Music Glue Retail Limited has no subsidiary companies.
music glue retail limited directors
Music Glue Retail Limited currently has 1 director, Mr Mark Meharry serving since Oct 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Meharry | England | 52 years | Oct 2019 | - | Director |
P&L
September 2023turnover
148.7k
+79%
operating profit
-21.6k
0%
gross margin
28.3%
-28.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
68.4k
-0.2%
total assets
70.3k
-0.2%
cash
67.2k
-0.2%
net assets
Total assets minus all liabilities
Similar Companies
music glue retail limited company details
company number
12242962
Type
Private limited with Share Capital
industry
47630 - Retail sale of music and video recordings in specialised stores
47710 - Retail sale of clothing in specialised stores
incorporation date
October 2019
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
N/A
accountant
UHY HACKER YOUNG (BHAM) LLP
auditor
-
address
86-90 paul street, london, EC2A 4NE
Bank
-
Legal Advisor
-
music glue retail 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 music glue retail limited.
music glue retail 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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music glue retail limited Companies House Filings - See Documents
| date | description | view/download |
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