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Music Stuff

04404965

active
PRI/LBG/NSC (Private, Limited by guarantee, no share capital, use of 'Limited' exemption)
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

UNITS 3&4 THE DAVID CUTHBERT CENTRE, OPENSHAW, M11 2NA
Incorporated 27/03/2002

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

85590
Other education

Officers

Mr Andrew Kenneth Portersmith

director · Since 27/03/2002

MANAGER

BRITISH · ENGLAND · Age 60

Also on 1 other board

Mr Andrew Kenneth Portersmith

secretary · Since 22/04/2004

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 60

Also on 1 other board

Persons with Significant Control

Mr Andrew Kenneth Portersmith

75–100% votes
Appoint directors

British · England · Age 60

Units 3&4, The David Cuthbert Centre, Openshaw, M11 2NA

Notified 06/04/2016

Charges1 outstanding

charge
outstanding

HSBC BANK PLC

Created 02/09/2003Registered 03/09/2003

CompanyRankvs 17916+ SIC 85590 peers
37

Financial strength1th percentile among SIC peers · 0/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.13× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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17916Music Stuff
47
How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 29/06/2024

Net Worth

-£687k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£731k

Working capital

Current Assets

£107k

Current Liabilities

£838k

Fixed Assets

£44k

Debtors

£107k

55avg. employees+22

Director Loans(2020)

Company owes directors£24

Balance Sheet

Assets less current liabilities-£687k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.13-£210k
20230.31-£431k
20220.53+£16k
20210.05+£28k
20200.14+£36k
20190.00-£22k
20180.03—

Derived from filed accounts. Not audited figures.