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Runaway Music Ltd

15259234

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

79 TIB STREET, MANCHESTER, M4 1LS
Incorporated 03/11/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

90010
Performing arts

Officers

Mr Andrew Michael Cushin

director · Since 03/11/2023

MUSICIAN

BRITISH · UNITED KINGDOM · Age 26

Persons with Significant Control

Mr Andrew Michael Cushin

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

British · United Kingdom · Age 26

79, Tib Street, Manchester, M4 1LS

Notified 03/11/2023

CompanyRankvs 10377+ SIC 90010 peers
44

Financial strength52th percentile among SIC peers · 13/25
Employees49th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.94× · 6/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
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10377Runaway Music Ltd
39
How is this score calculated?
Financial strength13/25 pts

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

Employees7/15 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.

Longevity3/15 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.

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

Key FinancialsYear ending 30/11/2024

Net Worth

£335

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£595

Working capital

Current Assets

£9k

Current Liabilities

£9k

Fixed Assets

£930

Debtors

£9k

1avg. employees

Tax at Year End

Corp tax£4k

Balance Sheet

Assets less current liabilities£335
Prepared with Sage Accounts Production 24.0 - FRS102_2024

EstimatesDerived

YearCurrent Ratio
20240.94

Derived from filed accounts. Not audited figures.