MAGNET RECORDS LIMITED

CANNON PLACE, 78, CANNON STREET, LONDON, EC4N 6AF

Company 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-2024
Accounts 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**
Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active OLSWANG COSEC LIMITED 01 Jul 2004 29 Mar 2024 83 - 1431
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 - 00 (0.0%)
Active Michael John WATSON 31 Jan 2021 Accountant British 23 - 20 (0.0%)
Active Antony David HARLOW 27 Jan 2021 Warner Music Uk Ceo British 24 - 20 (0.0%)
Resigned Stuart Vaughn BERGEN 21 May 2020 27 Jan 2021 Executive Vice President American 0 - 250 (0.0%)
Resigned James Heneage RADICE 30 Sep 2019 30 Sep 2022 In-House Lawyer British 4 - 342 (5.3%)
Resigned Kathryn LE GASSICK 21 Jun 2018 15 Jan 2020 Solicitor British 1 - 281 (3.4%)
Resigned Kathryn LE GASSICK 21 Jun 2018 15 Jan 2020 Solicitor British 0 - 280 (0.0%)
Resigned Peter David BREEDEN 14 Jan 2015 31 Jan 2021 Director British 1 - 312 (6.3%)
Resigned Jonathan Peter CROSS 02 Jul 2012 20 Mar 2014 Business Affairs Director British 1 - 271 (3.6%)
Resigned Christopher John ANCLIFF 01 Feb 2012 16 May 2018 Solicitor British 1 - 11344 (38.6%)
Resigned Roger Denys BOOKER 01 Sep 2011 30 Sep 2019 Director British 2 - 5810 (16.7%)
Resigned John David REID 20 Jul 2007 11 Nov 2011 Director British 0 - 5315 (28.3%)
Resigned Rachel Therese EVERS 20 Jul 2007 30 Jun 2012 Director Irish 0 - 288 (28.6%)
Resigned Simon Kenneth Geoffrey ROBSON 20 Jul 2007 13 Jan 2015 Director British 4 - 3112 (34.3%)
Resigned Matthew John NORMAN 01 Feb 2007 16 May 2007 Chartered Management Accountan British 0 - 175 (29.4%)
Resigned Michael Peter SAUNTER 03 Jul 2006 01 Feb 2007 Finance Director British 14 - 4314 (24.6%)
Resigned John Victor WATSON 09 Dec 2005 20 Jul 2007 Solicitor United Kingdom 0 - 3210 (31.3%)
Resigned Brian Nigel PORRITT 01 Jul 2001 28 Feb 2005 Chartered Accountant British 0 - 147 (50.0%)
Resigned Keith Howard Percival MULLOCK 21 Jun 1999 09 Dec 2005 Finance Director British 2 - 4111 (25.6%)
Resigned Nicholas James PHILLIPS 01 Jan 1999 27 Apr 2007 Chairman British 0 - 6536 (55.4%)
Resigned Kenneth COOPER 05 May 1992 30 Jun 2001 Finance Executive Australian 0 - 122 (16.7%)
Resigned Roger Gerald BRIGHTEN 17 Jan 1992 06 May 1999 Accountant British 9 - 216 (20.0%)
Resigned Robert DICKINS 17 Jan 1992 31 Dec 1998 Music Business Executive British 2 - 222 (8.3%)
Resigned Kenneth COOPER 30 Jun 2001 Finance Executive Australian 0 - 122 (16.7%)
Resigned Roger Gerald BRIGHTEN 06 May 1999 Accountant British 9 - 216 (20.0%)
Resigned Stephen SHRIMPTON 30 Jun 1991 Record Executive Australian 0 - 72 (28.6%)
Resigned Robert DICKINS 31 Dec 1998 Music Business Executive British 2 - 222 (8.3%)
Number of active directors: 3
Average tenure of active directors: 2.6 years
Average tenure of resigned directors: 3.8 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
PARLOPHONE RECORDS LIMITED (00068172) - Active
PHONOGRAPHIC PERFORMANCE LIMITED (00288046) - Active
WARNER MUSIC UK LIMITED (00680511) - Active
MUSIC FOR PLEASURE LIMITED (00851847) - Active
MAGNET RECORDS LIMITED (01071062) - Active
BPI (BRITISH RECORDED MUSIC INDUSTRY) LIMITED (01132389) - Active
NATIONAL VIDEO CORPORATION LIMITED(THE) (01485193) - Active
A+E RECORDS LIMITED (01736204) - Active
FOOD LIMITED (01797494) - Active
VIDEO PERFORMANCE LIMITED (01818862) - Active
CHINA RECORDS LIMITED (01851636) - Active
FFRR RECORDS LIMITED (01989940) - Active
ERATO RECORD CLASSICS LIMITED (02074980) - Active
WARNER MUSIC INTERNATIONAL SERVICES LIMITED (02258593) - Active
WMG GLOBAL VENTURES LIMITED (02459405) - Active
ANXIOUS RECORDS LIMITED (02678664) - Active
LAUREL RECORDS LIMITED (02766264) - Active
INFECTIOUS RECORDS LIMITED (02813148) - Active
FUNGHI RECORDS LIMITED (02941321) - Active
VENDBASE PROPERTY MANAGEMENT LIMITED (03319554) - Active
BRIT AWARDS LIMITED (03405116) - Active
B UNIQUE RECORDS LIMITED (04048894) - Active
679 RECORDINGS LIMITED (04231826) - Active
TROOPER ENTERPRISES LTD (04239723) - Active
1967 LIMITED (04618039) - Active
ADA GLOBAL LTD (05541956) - Active
WMG KENSINGTON LIMITED (06296013) - Active
WMG CHURCH STREET LIMITED (06326404) - Active
ELMLOWE LIMITED (06484510) - Active
TAFFIA INTERNATIONAL LIMITED (06556355) - Active
COMEDY BOX LIMITED (06618592) - Active
WARNER MUSIC HOLDINGS LIMITED (08265081) - Active
GINGERBREAD MAN RECORDS LIMITED (09518102) - Active
SK ACQUISITION LTD (10839825) - Active
FILM27 LTD. (11502144) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2016-06-072015-06-072014-06-072013-06-072012-06-07
WARNER MUSIC UK LIMITEDORDINARY100,000
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 BOSE HOUSE QUAYSIDE, CHATHAM MARITIME, CHATHAM, KENT, ME4 4QZ 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
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