Proper Music Distribution Limited
02807811
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 21/08/2012
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 48
Also on 13 other boards
Persons with Significant Control
Artone Holdings Ii Ltd
1-5, Applegarth Drive, Dartford, DA1 1JD
Reg: 16253635 · Companies House · Private Limited Company
Notified 28/02/2025
Former PSCs
Proper Music Group Limited
Ceased 28/02/2025
Charges2 outstanding
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CompanyRankvs 144+ SIC 46431 peers31
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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.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with respect to g
Key FinancialsYear ending 31/12/2024
Net Worth
-£2.4M
Balance sheet strength
Cash
£2.0M
Cash in the bank
Profit Before Tax
-£1.8M
Bottom line earnings
Net Current Assets
-£4.2M
Working capital
Current Assets
£13.1M
Current Liabilities
£17.3M
Fixed Assets
£1.8M
Debtors
£10.3M
Admin Expenses
£6.2M
Profit After Tax
-£1.8M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.76 | -£1.8M |
| 2023 | 0.86 | -£1.2M |
| 2022 | 0.91 | +£252k |
| 2022 | 0.89 | +£305k |
| 2021 | 0.86 | -£58k |
| 2020 | 0.91 | +£23k |
| 2019 | 0.90 | — |
Derived from filed accounts. Not audited figures.