the piano doctor ltd
the piano doctor ltd Company Information
Company Number
NI648182
Website
www.thepianodoctor.co.ukRegistered Address
3 ilford avenue, belfast, BT6 9SF
Industry
Other personal service activities n.e.c.
Telephone
02895810310
Next Accounts Due
June 2025
Group Structure
View All
Directors
Mark McKeown7 Years
Shareholders
mark mckeown 100%
the piano doctor ltd Estimated Valuation
Pomanda estimates the enterprise value of THE PIANO DOCTOR LTD at £382 based on a Turnover of £596 and 0.64x industry multiple (adjusted for size and gross margin).
the piano doctor ltd Estimated Valuation
Pomanda estimates the enterprise value of THE PIANO DOCTOR LTD at £25.6k based on an EBITDA of £6.1k and a 4.19x industry multiple (adjusted for size and gross margin).
the piano doctor ltd Estimated Valuation
Pomanda estimates the enterprise value of THE PIANO DOCTOR LTD at £67.9k based on Net Assets of £33.4k and 2.03x industry multiple (adjusted for liquidity).
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The Piano Doctor Ltd Overview
The Piano Doctor Ltd is a live company located in belfast, BT6 9SF with a Companies House number of NI648182. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in September 2017, it's largest shareholder is mark mckeown with a 100% stake. The Piano Doctor Ltd is a young, micro sized company, Pomanda has estimated its turnover at £596 with declining growth in recent years.
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The Piano Doctor Ltd Health Check
Pomanda's financial health check has awarded The Piano Doctor Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £596, make it smaller than the average company (£886.3k)
- The Piano Doctor Ltd
£886.3k - Industry AVG
Growth
3 year (CAGR) sales growth of -79%, show it is growing at a slower rate (6.2%)
- The Piano Doctor Ltd
6.2% - Industry AVG
Production
with a gross margin of 41.1%, this company has a comparable cost of product (41.1%)
- The Piano Doctor Ltd
41.1% - Industry AVG
Profitability
an operating margin of 859.8% make it more profitable than the average company (6.3%)
- The Piano Doctor Ltd
6.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (14)
- The Piano Doctor Ltd
14 - Industry AVG
Pay Structure
on an average salary of £30.3k, the company has an equivalent pay structure (£30.3k)
- The Piano Doctor Ltd
£30.3k - Industry AVG
Efficiency
resulting in sales per employee of £596, this is less efficient (£85.1k)
- The Piano Doctor Ltd
£85.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- The Piano Doctor Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- The Piano Doctor Ltd
- - Industry AVG
Stock Days
it holds stock equivalent to 103 days, this is more than average (36 days)
- The Piano Doctor Ltd
36 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 145 weeks, this is more cash available to meet short term requirements (47 weeks)
145 weeks - The Piano Doctor Ltd
47 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 33.2%, this is a lower level of debt than the average (43.8%)
33.2% - The Piano Doctor Ltd
43.8% - Industry AVG
THE PIANO DOCTOR LTD financials
The Piano Doctor Ltd's latest turnover from September 2023 is estimated at £596 and the company has net assets of £33.4 thousand. According to their latest financial statements, we estimate that The Piano Doctor Ltd has 1 employee and maintains cash reserves of £24.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 61,819 | 43,997 | ||||
| Other Income Or Grants | 0 | 0 | ||||
| Cost Of Sales | 654 | 3,032 | ||||
| Gross Profit | 61,165 | 40,965 | ||||
| Admin Expenses | 19,602 | 15,844 | ||||
| Operating Profit | 41,563 | 25,121 | ||||
| Interest Payable | 774 | 0 | ||||
| Interest Receivable | 0 | 0 | ||||
| Pre-Tax Profit | 40,789 | 25,121 | ||||
| Tax | -5,714 | -4,729 | ||||
| Profit After Tax | 35,075 | 20,392 | ||||
| Dividends Paid | 29,000 | 12,000 | ||||
| Retained Profit | 6,075 | 8,392 | ||||
| Employee Costs | ||||||
| Number Of Employees | 1 | 2 | ||||
| EBITDA* | 42,151 | 25,481 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 24,528 | 13,386 | 2,553 | 2,145 | 1,671 | 1,800 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 545 | 1,620 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 25,073 | 15,006 | 2,553 | 2,145 | 1,671 | 1,800 |
| Stock & work in progress | 100 | 100 | 100 | 1,000 | 1,000 | 1,000 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 515 | 2,910 | 11,631 | 3,843 | 1,600 | 3,305 |
| Cash | 24,281 | 34,217 | 29,718 | 33,037 | 12,971 | 246 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 24,896 | 37,227 | 41,449 | 37,880 | 15,571 | 4,551 |
| total assets | 49,969 | 52,233 | 44,002 | 40,025 | 17,242 | 6,351 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 1,621 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 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 | 8,686 | 10,354 | 7,126 | 10,873 | 14,282 | 4,121 |
| total current liabilities | 8,686 | 11,975 | 7,126 | 10,873 | 14,282 | 4,121 |
| loans | 7,914 | 11,047 | 13,255 | 14,000 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 485 | 408 | 318 | 342 |
| total long term liabilities | 7,914 | 11,047 | 13,740 | 14,408 | 318 | 342 |
| total liabilities | 16,600 | 23,022 | 20,866 | 25,281 | 14,600 | 4,463 |
| net assets | 33,369 | 29,211 | 23,136 | 14,744 | 2,642 | 1,888 |
| total shareholders funds | 33,369 | 29,211 | 23,136 | 14,744 | 2,642 | 1,888 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 41,563 | 25,121 | ||||
| Depreciation | 996 | 588 | 360 | 284 | 208 | 200 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -5,714 | -4,729 | ||||
| Stock | 0 | 0 | -900 | 0 | 0 | 1,000 |
| Debtors | -2,395 | -8,721 | 7,788 | 2,243 | -1,705 | 3,305 |
| Creditors | -1,621 | 1,621 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -1,668 | 3,228 | -3,747 | -3,409 | 10,161 | 4,121 |
| Deferred Taxes & Provisions | 0 | -485 | 77 | 90 | -24 | 342 |
| Cash flow from operations | 49,522 | 10,194 | ||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | -1,075 | 1,620 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -3,133 | -2,208 | -745 | 14,000 | 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 | -774 | 0 | ||||
| cash flow from financing | -2,982 | -745 | ||||
| cash and cash equivalents | ||||||
| cash | -9,936 | 4,499 | -3,319 | 20,066 | 12,725 | 246 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -9,936 | 4,499 | -3,319 | 20,066 | 12,725 | 246 |
the piano doctor ltd Credit Report and Business Information
The Piano Doctor Ltd Competitor Analysis
Perform a competitor analysis for the piano doctor ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in BT6 area or any other competitors across 12 key performance metrics.
the piano doctor ltd Ownership
THE PIANO DOCTOR LTD group structure
The Piano Doctor Ltd has no subsidiary companies.
Ultimate parent company
THE PIANO DOCTOR LTD
NI648182
the piano doctor ltd directors
The Piano Doctor Ltd currently has 1 director, Mr Mark McKeown serving since Sep 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark McKeown | United Kingdom | 51 years | Sep 2017 | - | Director |
P&L
September 2023turnover
596
-99%
operating profit
5.1k
0%
gross margin
41.1%
-58.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
33.4k
+0.14%
total assets
50k
-0.04%
cash
24.3k
-0.29%
net assets
Total assets minus all liabilities
the piano doctor ltd company details
company number
NI648182
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
September 2017
age
7
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
September 2023
address
3 ilford avenue, belfast, BT6 9SF
accountant
-
auditor
-
the piano doctor ltd 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 the piano doctor ltd.
the piano doctor ltd Companies House Filings - See Documents
| date | description | view/download |
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