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Hi-Tech Music Ltd

06531691

active
Private Limited Company
england wales
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

89 SHIRELAND ROAD, SMETHWICK, B66 4QJ
Incorporated 12/03/2008

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 12/03/2026

Due 26/03/2027

On track

Industry

47630
Retail sale of music and video recordings in specialised stores

Officers

Mr Mohammed Saleem

director · Since 12/03/2008

DIRECTOR

BRITISH · ENGLAND · Age 60

Mr Mohammed Zabir

director · Since 12/03/2008

DIRECTOR

BRITISH · ENGLAND · Age 49

Mr Mohammed Twaseen

director · Since 12/04/2024

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 59

Also on 9 other boards

Persons with Significant Control

Mr Mohammed Saleem

25–50% shares

British · England · Age 60

89, Shireland Road, Smethwick, B66 4QJ

Notified 12/03/2017

Mr Mohammed Zabir

25–50% shares

British · England · Age 49

89, Shireland Road, Smethwick, B66 4QJ

Notified 12/03/2017

Mr Mohammed Twaseen

25–50% shares

British · England · Age 59

89, Shireland Road, Smethwick, B66 4QJ

Notified 12/03/2017

Charges1 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 07/08/2017Registered 15/08/2017

CompanyRankvs 15+ SIC 47630 peers
80

Financial strength100th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 8.59× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength25/25 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.

Liquidity20/20 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 31/03/2025

Net Worth

£2.6M

Balance sheet strength

Cash

£2.3M

Cash in the bank

Net Current Assets

£2.4M

Working capital

Current Assets

£2.8M

Current Liabilities

£321k

Fixed Assets

£128k

Debtors

£399k

11avg. employees

Tax at Year End

Corp tax£121k

People Costs(2024)

Wages & salaries£202k
NI contributions£11k

Balance Sheet

Intangible assets£83k
Assets less current liabilities£2.6M
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20258.59+£0
20258.59+£273k
20248.11+£217k
20237.72+£481k
202210.85+£494k
20216.68+£473k
20204.76+£355k
20192.52—

Derived from filed accounts. Not audited figures.