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Xyz Music Limited

09914748

active
Private Limited Company
Companies House
Health Score
61 / 100

Some Concerns

25/30
Filing
0/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

LEYTONSTONE HOUSE, LONDON, E11 1GA
Incorporated 14/12/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47591
Retail sale of musical instruments and scores

Officers

Mr Mervyn Paul Joseph

director · Since 14/12/2015

DIRECTOR

BRITISH · ENGLAND · Age 72

Also on 9 other boards

Persons with Significant Control

Kam Loong Investments Limited

75–100% shares
75–100% votes
Appoint directors

Leytonstone House, 3 Hanbury Drive, Leytonstone, E11 1GA

Reg: 11631168 · Companies House · Private Limited Company

Notified 28/05/2021

Former PSCs

Abc Music Limited

Ceased 28/05/2021

Charges2 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 22/05/2018Registered 30/05/2018
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 07/05/2018Registered 16/05/2018

CompanyRankvs 537+ SIC 47591 peers
31

Financial strength14th percentile among SIC peers · 4/25
Employees33th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0.77× · 6/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength4/25 pts

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

Employees5/15 pts

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

Liquidity6/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2024

Net Worth

-£11k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£11k

Working capital

Current Assets

£37k

Current Liabilities

£47k

Debtors

£32k

1avg. employees

Tax at Year End

Corp tax£4k

Balance Sheet

Assets less current liabilities-£11k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20240.77+£18k
20230.43

Derived from filed accounts. Not audited figures.