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MAGNET RECORDS LIMITED
CANNON PLACE, 78, CANNON STREET, LONDON, EC4N 6AFCompany Number: 01071062
Incorporation date: 11-Sep-1972
Status: Active
Entity type: Private Limited Company
SIC codes:
46431 Wholesale of audio tapes, records, CDs and video tapes and the equipment on which these are played
SUMMARY
This company is 51.6 years old and is currently active. It is controlled by Warner Music Uk Limited. The company has positive equity (net assets) of GBP 402 thousand which has increased from GBP 390 thousand in the previous year. The latest reported revenue figure is GBP 15 thousand which is similar to the previous year's figure of GBP 15 thousand. The company has 3 active officers (directors or partners) who are or were officers of 34 other companies. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 30-Jun-2024Accounts Filed: FULL (30-Sep-2022)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
27-Sep-2019 | GBP | 15,000 | -3,000 | ||||
28-Sep-2018 | GBP | 15,000 | 15,000 | -3,000 | |||
29-Sep-2017 | GBP | 15,000 | 15,000 | 13,000 | 53,000 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
27-Sep-2019 | GBP | 100,000 | 302,000 | 402,000 | |||||
28-Sep-2018 | GBP | 100,000 | 290,000 | 390,000 | |||||
29-Sep-2017 | GBP | 100,000 | 278,000 | 378,000 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|---|---|---|---|---|---|
Active | OLSWANG COSEC LIMITED | 01 Jul 2004 | 18 Apr 2024 | 33 - 1508 | ||
Resigned | Anne MANSBRIDGE | 01 Mar 2004 | 01 Jul 2004 | 0 - 28 | ||
Resigned | Bronwen Elizabeth Stuart JONES | 30 May 1997 | 01 Mar 2004 | United Kingdom | 1 - 103 | |
Resigned | Richard Rein NIGLAS | 28 Feb 1994 | 30 May 1997 | 0 - 26 | ||
Resigned | William Joseph TIERNEY | 05 Oct 1992 | 28 Feb 1994 | Certified Accountant | British | 0 - 54 |
Resigned | William Joseph TIERNEY | 28 Feb 1994 | 0 - 54 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Charlotte Chloe SAXE | 30 Sep 2022 | Director | British | 28 - 0 | 0 (0.0%) | |
Active | Michael John WATSON | 31 Jan 2021 | Accountant | British | 23 - 2 | 0 (0.0%) | |
Active | Antony David HARLOW | 27 Jan 2021 | Warner Music Uk Ceo | British | 24 - 2 | 0 (0.0%) | |
Resigned | Stuart Vaughn BERGEN | 21 May 2020 | 27 Jan 2021 | Executive Vice President | American | 0 - 25 | 0 (0.0%) |
Resigned | James Heneage RADICE | 30 Sep 2019 | 30 Sep 2022 | In-House Lawyer | British | 4 - 34 | 1 (2.6%) |
Resigned | Kathryn LE GASSICK | 21 Jun 2018 | 15 Jan 2020 | Solicitor | British | 1 - 28 | 1 (3.4%) |
Resigned | Kathryn LE GASSICK | 21 Jun 2018 | 15 Jan 2020 | Solicitor | British | 0 - 28 | 0 (0.0%) |
Resigned | Peter David BREEDEN | 14 Jan 2015 | 31 Jan 2021 | Director | British | 1 - 31 | 2 (6.3%) |
Resigned | Jonathan Peter CROSS | 02 Jul 2012 | 20 Mar 2014 | Business Affairs Director | British | 1 - 27 | 1 (3.6%) |
Resigned | Christopher John ANCLIFF | 01 Feb 2012 | 16 May 2018 | Solicitor | British | 1 - 113 | 44 (38.6%) |
Resigned | Roger Denys BOOKER | 01 Sep 2011 | 30 Sep 2019 | Director | British | 2 - 58 | 10 (16.7%) |
Resigned | John David REID | 20 Jul 2007 | 11 Nov 2011 | Director | British | 0 - 53 | 15 (28.3%) |
Resigned | Rachel Therese EVERS | 20 Jul 2007 | 30 Jun 2012 | Director | Irish | 0 - 28 | 8 (28.6%) |
Resigned | Simon Kenneth Geoffrey ROBSON | 20 Jul 2007 | 13 Jan 2015 | Director | British | 4 - 31 | 12 (34.3%) |
Resigned | Matthew John NORMAN | 01 Feb 2007 | 16 May 2007 | Chartered Management Accountan | British | 0 - 17 | 5 (29.4%) |
Resigned | Michael Peter SAUNTER | 03 Jul 2006 | 01 Feb 2007 | Finance Director | British | 14 - 43 | 14 (24.6%) |
Resigned | John Victor WATSON | 09 Dec 2005 | 20 Jul 2007 | Solicitor | United Kingdom | 0 - 32 | 10 (31.3%) |
Resigned | Brian Nigel PORRITT | 01 Jul 2001 | 28 Feb 2005 | Chartered Accountant | British | 0 - 14 | 7 (50.0%) |
Resigned | Keith Howard Percival MULLOCK | 21 Jun 1999 | 09 Dec 2005 | Finance Director | British | 2 - 41 | 11 (25.6%) |
Resigned | Nicholas James Turner PHILLIPS | 01 Jan 1999 | 27 Apr 2007 | Chairman | British | 0 - 65 | 36 (55.4%) |
Resigned | Kenneth COOPER | 05 May 1992 | 30 Jun 2001 | Finance Executive | Australian | 0 - 12 | 2 (16.7%) |
Resigned | Roger Gerald BRIGHTEN | 17 Jan 1992 | 06 May 1999 | Accountant | British | 9 - 21 | 6 (20.0%) |
Resigned | Robert DICKINS | 17 Jan 1992 | 31 Dec 1998 | Music Business Executive | British | 2 - 22 | 2 (8.3%) |
Resigned | Kenneth COOPER | 30 Jun 2001 | Finance Executive | Australian | 0 - 12 | 2 (16.7%) | |
Resigned | Roger Gerald BRIGHTEN | 06 May 1999 | Accountant | British | 9 - 21 | 6 (20.0%) | |
Resigned | Stephen SHRIMPTON | 30 Jun 1991 | Record Executive | Australian | 0 - 7 | 2 (28.6%) | |
Resigned | Robert DICKINS | 31 Dec 1998 | Music Business Executive | British | 2 - 22 | 2 (8.3%) |
Average tenure of active directors: 2.7 years
Average tenure of resigned directors: 3.8 years
Average active director Dissolution Rate: 0.0%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2016-06-07 | 2015-06-07 | 2014-06-07 | 2013-06-07 | 2012-06-07 | ||
WARNER MUSIC UK LIMITED | ORDINARY | 100,000 100% | 100,000 100% | 100,000 100% | 100,000 100% | 100,000 100% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
MAGNET RECORDS LIMITED
no controlled companies
LATE PAYMENTS REPORT
This company has not filed any late payment reports possibly because it is not considered \'Large\'.
COURT CASES
No Court Cases found
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
46431 Wholesale of audio tapes, records, CDs and video tapes and the equipment on which these are played)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
WARNER MUSIC UK LIMITED | CANNON PLACE, 78, CANNON STREET, LONDON, ENGLAND, EC4N 6AF | 00680511 | 2017-09-29 | 197,397,000 | 18,846,000 |
59200-Sound recording and music publishing activities |
BOSE LIMITED | 16 DUFOUR’S PLACE, LONDON, UNITED KINGDOM, W1F 7SP | 01187672 | 2018-03-31 | 110,522,000 | 2,660,000 | |
POLAR AUDIO LIMITED | 19 MONTPELIER AVENUE, BEXLEY, KENT, DA5 3AP | 00957438 | 2017-12-31 | 11,975,721 | 0 | |
AMPREGEN LTD | 35 CHURCH STREET, DIDCOT, OXFORDSHIRE, OX11 8DG | 08523460 | 2018-05-31 | 3,819 | 0 |
47890-Retail sale via stalls and markets of other goods 47990-Other retail sale not in stores, stalls or markets 95210-Repair of consumer electronics |
HORIZON RECORDS LIMITED | 1ST FLOOR SOUTH DOWN HOUSE, STATION ROAD, PETERSFIELD, HAMPSHIRE, GU32 3ET | 05063552 | 2018-03-31 | 3,677 | 0 | |
ICONIX GROUP LIMITED | 46 LANDSBURG ROAD, CANVEY ISLAND, ENGLAND, SS8 8HW | 10012683 | 2018-02-17 | 2,902 | 0 |
47430-Retail sale of audio and video equipment in specialised stores 63110-Data processing, hosting and related activities |
FRESH RADIO 247 LTD | CARE OF ADDRESS 27A, 27A EASTFIELD ROAD, SOUTHAMPTON, HAMPSHIRE, UNITED KINGDOM, SO17 2JF | 10297905 | 2018-07-31 | 0 | 0 |
60100-Radio broadcasting 90020-Support activities to performing arts |
LIQUIDATION RISK (BETA)
This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis | Liquidation within 3 months | Liquidation within 6 months | Liquidation within 12 months | Prediction confidence |
---|---|---|---|---|
MAGNET RECORDS LIMITED | 0.7% | 3.6% | 7.2% | Medium |
Other companies Active in the same sector | Too few competitors | |||
Age | 0.4% | 1.4% | 2.7% | Medium |
Company Type | 0.7% | 3.7% | 7.4% | Medium |
Accounts category | 0.7% | 2.2% | 3.8% | Medium |
Accounting Month | 0.7% | 4.4% | 10.6% | Medium |
Sic code count | 0.7% | 3.5% | 7.0% | Medium |