Rhodes Music Group Ltd
12015661
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 24/05/2019
DIRECTOR
BRITISH · UNITED KINGDOM · Age 53
Also on 16 other boards
Persons with Significant Control
Mr Matthew Robert Pelling
British · England · Age 51
30-34 North Street, Hailsham, BN27 1DW
Notified 27/08/2019
Mr Timothy Alexander Dawson
British · United Kingdom · Age 53
30-34 North Street, Hailsham, BN27 1DW
Notified 19/08/2024
Former PSCs
Mr Timothy Alexander Dawson
Ceased 27/08/2019
CompanyRankvs 244+ SIC 32200 peers39
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/09/2024
Net Worth
-£247k
Balance sheet strength
Cash
£76k
Cash in the bank
Net Current Assets
-£1.2M
Working capital
Current Assets
£1.2M
Current Liabilities
£2.4M
Fixed Assets
£1.0M
Debtors
£341k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.49 | +£626k |
| 2023 | 0.50 | +£486k |
| 2022 | 0.41 | -£731k |
| 2021 | 0.16 | — |
| 2020 | 3.02 | — |
Derived from filed accounts. Not audited figures.