groove bound records limited
groove bound records limited Company Information
Company Number
12897328
Next Accounts
Jun 2025
Shareholders
jonathan tester
bucks music group limited
Group Structure
View All
Industry
Sound recording and music publishing activities
Registered Address
roundhouse, 212 regents park road, london, NW1 8AW
Website
bucksmusicgroup.comgroove bound records limited Estimated Valuation
Pomanda estimates the enterprise value of GROOVE BOUND RECORDS LIMITED at £2.3k based on a Turnover of £4.5k and 0.52x industry multiple (adjusted for size and gross margin).
groove bound records limited Estimated Valuation
Pomanda estimates the enterprise value of GROOVE BOUND RECORDS LIMITED at £0 based on an EBITDA of £-3.3k and a 2.61x industry multiple (adjusted for size and gross margin).
groove bound records limited Estimated Valuation
Pomanda estimates the enterprise value of GROOVE BOUND RECORDS LIMITED at £0 based on Net Assets of £-15.2k and 1.23x industry multiple (adjusted for liquidity).
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Groove Bound Records Limited Overview
Groove Bound Records Limited is a live company located in london, NW1 8AW with a Companies House number of 12897328. It operates in the sound recording and music publishing activities sector, SIC Code 59200. Founded in September 2020, it's largest shareholder is jonathan tester with a 50% stake. Groove Bound Records Limited is a young, micro sized company, Pomanda has estimated its turnover at £4.5k with unknown growth in recent years.
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Groove Bound Records Limited Health Check
Pomanda's financial health check has awarded Groove Bound Records Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
5 Weak
Size
annual sales of £4.5k, make it smaller than the average company (£467.8k)
- Groove Bound Records Limited
£467.8k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Groove Bound Records Limited
- - Industry AVG
Production
with a gross margin of 47.9%, this company has a comparable cost of product (47.9%)
- Groove Bound Records Limited
47.9% - Industry AVG
Profitability
an operating margin of -72% make it less profitable than the average company (8.6%)
- Groove Bound Records Limited
8.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (3)
- Groove Bound Records Limited
3 - Industry AVG
Pay Structure
on an average salary of £38.2k, the company has an equivalent pay structure (£38.2k)
- Groove Bound Records Limited
£38.2k - Industry AVG
Efficiency
resulting in sales per employee of £4.5k, this is less efficient (£134.9k)
- Groove Bound Records Limited
£134.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Groove Bound Records Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 140 days, this is slower than average (38 days)
- Groove Bound Records Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Groove Bound Records Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Groove Bound Records Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1523800%, this is a higher level of debt than the average (76.7%)
1523800% - Groove Bound Records Limited
76.7% - Industry AVG
GROOVE BOUND RECORDS LIMITED financials
Groove Bound Records Limited's latest turnover from September 2023 is estimated at £4.5 thousand and the company has net assets of -£15.2 thousand. According to their latest financial statements, we estimate that Groove Bound Records Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | |
|---|---|---|---|
| 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 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | |
|---|---|---|---|
| Tangible Assets | |||
| Intangible Assets | |||
| Investments & Other | 1 | ||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 1 | ||
| Stock & work in progress | |||
| Trade Debtors | |||
| Group Debtors | |||
| Misc Debtors | 1 | ||
| Cash | |||
| misc current assets | |||
| total current assets | 1 | ||
| total assets | 1 | 1 | |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | 912 | 355 | |
| Group/Directors Accounts | 4,188 | 2,100 | |
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 10,138 | 9,507 | 265 |
| total current liabilities | 15,238 | 11,962 | 265 |
| loans | |||
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | |||
| total long term liabilities | |||
| total liabilities | 15,238 | 11,962 | 265 |
| net assets | -15,237 | -11,962 | -264 |
| total shareholders funds | -15,237 | -11,962 | -264 |
| Sep 2023 | Sep 2022 | Sep 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | |||
| Amortisation | |||
| Tax | |||
| Stock | |||
| Debtors | 1 | ||
| Creditors | 557 | 355 | |
| Accruals and Deferred Income | 631 | 9,242 | 265 |
| Deferred Taxes & Provisions | |||
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | -1 | 1 | |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | 2,088 | 2,100 | |
| Other Short Term Loans | |||
| Long term loans | |||
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | |||
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | |||
| overdraft | |||
| change in cash |
groove bound records limited Credit Report and Business Information
Groove Bound Records Limited Competitor Analysis
Perform a competitor analysis for groove bound records limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in NW1 area or any other competitors across 12 key performance metrics.
groove bound records limited Ownership
GROOVE BOUND RECORDS LIMITED group structure
Groove Bound Records Limited has no subsidiary companies.
Ultimate parent company
GROOVE BOUND RECORDS LIMITED
12897328
groove bound records limited directors
Groove Bound Records Limited currently has 2 directors. The longest serving directors include Mr Jonathan Tester (Sep 2020) and Mr Simon Platz (Sep 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Tester | England | 48 years | Sep 2020 | - | Director |
| Mr Simon Platz | United Kingdom | 67 years | Sep 2020 | - | Director |
P&L
September 2023turnover
4.5k
+151%
operating profit
-3.3k
0%
gross margin
47.9%
+14.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
-15.2k
+0.27%
total assets
1
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
groove bound records limited company details
company number
12897328
Type
Private limited with Share Capital
industry
59200 - Sound recording and music publishing activities
incorporation date
September 2020
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
N/A
accountant
BIPIN KOTECHA
auditor
-
address
roundhouse, 212 regents park road, london, NW1 8AW
Bank
-
Legal Advisor
-
groove bound records 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 groove bound records limited.
groove bound records 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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groove bound records limited Companies House Filings - See Documents
| date | description | view/download |
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