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Full Time Hobby Music Ltd

09357878

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

55 KENTISH TOWN ROAD, LONDON, NW1 8NX
Incorporated 17/12/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

59200
Sound recording and music publishing activities

Officers

Mr Nigel Colin Adams

director · Since 17/12/2014

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 56

Also on 5 other boards

Mr Ian Richard Westley

director · Since 11/07/2017

DIRECTOR

BRITISH · ENGLAND · Age 58

Also on 7 other boards

Persons with Significant Control

Mr Nigel Colin Adams

25–50% shares
25–50% votes

British · England · Age 56

55 Kentish Town Road, Camden Town, London, NW1 8NX

Notified 30/01/2017

Mr Ian Richard Westley

25–50% shares
25–50% votes

British · England · Age 58

55 Kentish Town Road, Camden Town, London, NW1 8NX

Notified 08/01/2019

CompanyRankvs 3660+ SIC 59200 peers
51

Financial strength12th percentile among SIC peers · 3/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 3.25× · 20/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
Show leaderboard
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3660Full Time Hobby Music Ltd
61
How is this score calculated?
Financial strength3/25 pts

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

Employees12/15 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.

Longevity11/15 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

Going concern doubt: -10 pts

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

Going Concern Doubt

the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the comp

Key FinancialsYear ending 31/12/2024

Net Worth

-£8k

Balance sheet strength

Cash

£91k

Cash in the bank

Net Current Assets

£71k

Working capital

Current Assets

£102k

Current Liabilities

£31k

Debtors

£11k

2avg. employees
Signed by Mr N Adams,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20243.25-£2k
20234.50-£3k
20223.22-£2k
20216.45—
20200.98—
20191.05—
20181.01—

Derived from filed accounts. Not audited figures.