Passion Music Limited
01926762
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 24/02/2003
BRITISH · UNITED KINGDOM · Age 77
Also on 6 other boards
Persons with Significant Control
Mr Leslie Mccutcheon
British · England · Age 74
Southon House, Station Approach, Edenbridge, TN8 5LP
Notified 06/04/2016
CompanyRankvs 228+ SIC 90030 peers88
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/06/2025
Net Worth
£232k
Balance sheet strength
Cash
£380k
Cash in the bank
Net Current Assets
£380k
Working capital
Current Assets
£442k
Current Liabilities
£62k
Fixed Assets
£3k
Debtors
£62k
Tax at Year End(2022)
Director Loans(2023)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 7.18 | +£6k |
| 2024 | 7.18 | +£10k |
| 2023 | 5.77 | +£34k |
| 2022 | 4.03 | +£63k |
| 2021 | 3.19 | +£81k |
| 2020 | 1.14 | +£16k |
| 2019 | 1.09 | +£21k |
| 2018 | 0.99 | — |
Derived from filed accounts. Not audited figures.