RICHER SOUNDS LIMITED

RICHER HOUSE, HANKEY PLACE, LONDON, SE1 4BB

Company Number: 01402643
Incorporation date: 29-Nov-1978
Status: Active
Entity type: Private Limited Company

SIC codes:
47430 Retail sale of audio and video equipment in specialised stores





SUMMARY

This company is 45.6 years old and is currently active. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 34.7 million which has increased from GBP 28.8 million in the previous year. The latest reported revenue figure is GBP 171.2 million which is up 10% on previous year's figure of GBP 157.5 million. The company has 5 active officers (directors or partners) who are or were officers of 52 other companies, 10 (19.2%) of which have since been dissolved or are proposed for strike off. 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: 31-Jan-2025
Accounts Filed: FULL (29-Apr-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
04-May-2019 GBP 171,227,000 8,054,000 158,000 16,000 1,707,000 8,302,000
28-Apr-2018 GBP 157,493,000 6,964,000 94,000 14,000 1,432,000 7,045,000
29-Apr-2017 GBP 155,886,000 7,536,000 86,000 30,000 1,627,000 6,015,000
30-Apr-2016 GBP 154,786,000 6,548,000 85,000 74,000 1,321,000 5,236,000
02-May-2015 GBP 149,059,000 4,576,000 30,000 1,265,000 3,410,000
03-May-2014 GBP 143,371,000 5,607,000 45,000 1,521,000 4,235,000
04-May-2013 GBP 144,338,000 4,981,000 22,000 1,357,000 3,715,000
28-Apr-2012 GBP 138,419,000 5,692,000 24,000 1,220,000 2,919,000
30-Apr-2011 GBP 137,631,000 3,403,000 81,000 853,000 1,510,000
01-May-2010 GBP 145,507,000 4,135,000 70,000 934,000 1,864,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
04-May-2019 GBP 3,445,000 44,744,000 17,234,000 5,774,000 50,000 34,670,000 34,720,000
28-Apr-2018 GBP 8,477,000 42,223,000 21,152,000 5,535,000 50,000 28,785,000 28,835,000
29-Apr-2017 GBP 31,691,000 15,793,000 5,828,000 50,000 23,332,000 23,382,000
30-Apr-2016 GBP 3,263,000 29,903,000 18,212,000 6,234,000 50,000 17,477,000 17,527,000
02-May-2015 GBP 1,991,000 31,161,000 14,008,000 6,770,000 50,000 17,691,000 17,751,000
03-May-2014 GBP 831,000 38,389,000 17,793,000 6,734,000 50,000 21,781,000 21,841,000
04-May-2013 GBP 8,057,000 35,888,000 18,956,000 7,688,000 50,000 17,546,000 17,606,000
28-Apr-2012 GBP 11,891,000 34,296,000 19,815,000 9,233,000 50,000 13,831,000 13,891,000
30-Apr-2011 GBP 1,761,000 28,851,000 17,676,000 9,589,000 50,000 10,912,000 10,972,000
01-May-2010 GBP 118,000 28,256,000 19,923,000 8,661,000 50,000 9,402,000 9,462,000

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 Thomas Henry LETCHFORD 14 Mar 2023 19 Jun 2024 1 - 0
Resigned Lee William NELSON 03 Feb 2022 14 Mar 2023 0 - 1
Resigned Robert Matthew BAMFORTH 12 Jun 2019 31 May 2021 0 - 1
Resigned John CURRIER 21 Oct 1998 12 Jun 2019 Accountant British 0 - 37
Resigned Gregory Jonathon BUTTERWORTH 02 Jun 1998 21 Oct 1998 British 1 - 16
Resigned John CURRIER 25 Mar 1994 02 Jun 1998 Company Secretary/Company Dire British 0 - 37
Resigned John CURRIER 02 Jun 1998 British 0 - 37

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Thomas Henry LETCHFORD 07 Aug 2023 Finance Director British 1 - 00 (0.0%)
Active Nathan John Elderton KENNAUGH 07 Aug 2023 Operations Director British 1 - 00 (0.0%)
Resigned William BAGLEY 29 Jun 2022 29 Jun 2022 Head Of Human Resource British 1 - 10 (0.0%)
Active Julie Dianne ABRAHAM 27 Oct 2020 Ceo British 3 - 10 (0.0%)
Resigned Robert Matthew BAMFORTH 26 Apr 2019 31 May 2021 Accountant British 0 - 61 (16.7%)
Resigned James JOHNSON-FLINT 22 Nov 2004 10 Dec 2007 Purchasing Director British 0 - 140 (0.0%)
Resigned Richard John PENNYCOOK 25 Jun 2003 17 Feb 2004 Director British 7 - 6729 (39.2%)
Resigned John CURRIER 21 Oct 1998 12 Jun 2019 Accountant British 0 - 373 (8.1%)
Active Julian RICHER 27 Jun 1996 Managing Director British 9 - 2712 (33.3%)
Resigned John CURRIER 25 Nov 1991 02 Jun 1998 Company Secretary/Company Dire British 0 - 373 (8.1%)
Active David Barrie ROBINSON Chairman British 15 - 144 (13.8%)
Active Julian RICHER Managing Director British 9 - 2712 (33.3%)
Resigned Thomas Arthur PALFREY 27 Jan 1992 Company Director British 0 - 10 (0.0%)
Resigned James JOHNSON-FLINT 04 Oct 2004 Marketing Director British 0 - 140 (0.0%)
Resigned Richard FAUST 27 Jan 1992 Salesman British 2 - 10 (0.0%)
Number of active directors: 6
Average tenure of active directors: 5.6 years
Average tenure of resigned directors: 3.7 years
Average active director Dissolution Rate: 13.4%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
RICHER SOUNDS LIMITED (01402643) - Active
EMPLOYEE OWNERSHIP ASSOCIATION (01419899) - Active
TECNO RETAIL LIMITED (02256271) - Liquidation
DUCHY ORIGINALS LIMITED (02478770) - Active
ARISTON AUDIO LIMITED (02798083) - Active
HI-FI DIRECT LIMITED (02809606) - Active
CAMBRIDGE AUDIO LIMITED (02845725) - Active
LEAGUE AGAINST CRUEL SPORTS (UK) LIMITED (02880406) - Active
THE FAIRNESS FOUNDATION (02912767) - Active
AUDIO PARTNERSHIP PLC (02953313) - Active
GALE LIMITED (02977996) - Active
LEATHERMARKET COURT MANAGEMENT COMPANY LIMITED (02988598) - Active
GALLERY COURT LIMITED (03021231) - Liquidation
HI-FI CLUB LIMITED (03026582) - Active
AUDIOCARE SERVICES LIMITED (03055913) - Active
RICHER SOUNDS INTERNATIONAL LIMITED (03097410) - Active
AUDIO INNOVATIONS LIMITED (03217426) - Active
RICHER CONSULTING LIMITED (03279074) - Active
CLARITY VISION (GROUP) LIMITED (03396276) - Active
THE WOW AWARDS LIMITED (03447587) - Active
TECNO HOLDINGS LIMITED (03467103) - Dissolved
JUST RECRUITMENT LIMITED (03514783) - Active
LOMO LIMITED (03648714) - Dissolved
RICHER PUBLISHING LIMITED (03653624) - Active
HOME (UK) LIMITED (03662531) - Dissolved
L3 LIMITED (03686596) - Active
BIG SCREEN ENTERTAINMENT LIMITED (03736608) - Active
AEROMIND LIMITED (03772726) - Active - Proposal to Strike off
HALEMINT LIMITED (03801632) - Dissolved
WILINK (03801780) - Dissolved
MORDAUNT-SHORT LIMITED (03823812) - Active
TDL ELECTRONICS UK LIMITED (03871123) - Active
POPTONES LIMITED (03885770) - Active
PB UK COMMERCIAL LTD (03983263) - Active
EVER 1423 LIMITED (04049010) - Active
UNITED LEARNING TRUST (04439859) - Active
ST. TROPEZ APARTMENTS LIMITED (04779029) - Active
GREATAPARTMENTS LIMITED (04821630) - Active
TERRA NOVA DEVELOPMENTS LIMITED (05096482) - Active
DUCHY ORIGINALS FOODS LIMITED (05423305) - Dissolved
CUBE HOMES LIMITED (06342867) - Active
GREATAPARTMENTS AND HOUSES LTD (06571930) - Dissolved
GREAT APARTMENTS AND HOMES LIMITED (06587893) - Active
3 GLADSTONE ROAD MANAGEMENT COMPANY LIMITED (06850674) - Active
44 ARTILLERY LANE LIMITED (06908909) - Active
TRIBECA EVENTS LIMITED (07567335) - Dissolved
L3 DEVELOPMENTS LIMITED (07735969) - Active
ETHICAL RECORDS PUBLISHING LTD (08811462) - Active
RICHER UNSIGNED LTD (08894351) - Active
FOLDSMART LTD (09430742) - Active
ATOLLO FREEHOLD LIMITED (09738403) - Active
TAXWATCH (11609849) - Active
GBC ACCREDITATION LIMITED (12226613) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2019-08-132015-08-132014-08-132013-08-132012-08-13
RICHER SOUNDS TRUSTEE LIMITEDORDINARY30,000
60%
0
0%
0
0%
0
0%
0
0%
J. RICHERORDINARY17,500
35%
47,500
95%
47,500
95%
47,500
95%
47,500
95%
ROSIE RICHERORDINARY2,500
5%
2,500
5%
2,500
5%
2,500
5%
2,500
5%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

RICHER SOUNDS LIMITED

Controlled companies below

LATE PAYMENTS REPORT


Start date End date Average days to pay % invoices paid over 60 days % invoices not paid within agreed terms Gov.uk report
2023-10-29 2024-05-04 30 0% 1% 84660
2023-05-30 2023-10-28 30 1% 1% 77743
2022-10-30 2023-04-29 29 1% 1% 71439
2022-05-01 2022-10-29 29 1% 1% 71437
2018-10-29 2019-05-04 29 1% 1% 15905
2018-04-29 2018-10-28 29 1% 1% 8951
2017-10-31 2018-04-28 29 1% 1% 1807
2017-04-30 2017-10-29 30 1% 1% 650


COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 47430 Retail sale of audio and video equipment in specialised stores)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
BRIGHTHOUSE GROUP LIMITED 5 HERCULES WAY, LEAVESDEN, WATFORD, WD25 7GS 06250176 2018-03-31 284,711,000 6,654,000 47540-Retail sale of electrical household appliances in specialised stores
64910-Financial leasing
RICHER SOUNDS PLC RICHER HOUSE, HANKEY PLACE, LONDON, SE1 4BB 01402643 2018-04-28 157,493,000 28,785,000
BRIGHTHOUSE HOLDINGS LIMITED 5 HERCULES WAY, LEAVESDEN, WATFORD, WD25 7GS 06251606 2018-03-31 6,302,000 4,664,000 47540-Retail sale of electrical household appliances in specialised stores
64910-Financial leasing
THE HUB AUDIO VISUAL LIMITED 590 GREEN LANES, LONDON, UNITED KINGDOM, N13 5RY 08220984 2017-09-30 1,528,240 0
TRINITY AUDIO ENGINEERING LTD UNIT 2.01 - DE BRADELEI HOUSE, CHAPEL STREET, BELPER, DERBYSHIRE, DE56 1AR 09232359 2018-09-30 510,093 0
AUDIO IMAGES LIMITED 284 GLOSSOP ROAD, SHEFFIELD, SOUTH YORKSHIRE, S10 2HS 03204191 2017-08-31 502,142 0
CHERRYWOOD AV LIMITED 8 NEW STREET, OSSETT, ENGLAND, WF5 8BH 05229910 2018-08-31 492,555 0
REVERSING CAMERAS UK LTD 424 MARGATE ROAD, WESTWOOD, RAMSGATE, KENT, ENGLAND, CT12 6SJ 07278598 2017-06-30 436,910 0 47910-Retail sale via mail order houses or via Internet
MALCOLMS TV & SATELLITE LTD 80 TOWN STREET, EARLSHEATON, DEWSBURY, WEST YORKSHIRE, WF12 8JL 08380933 2018-01-31 335,833 0
GADGET & GAMES LTD 38 FLAT-14, 38 HORSEFERRY ROAD, LONDON, UNITED KINGDOM, E14 8EA 09560132 2017-04-30 50,540 0 47650-Retail sale of games and toys in specialised stores
47799-Retail sale of other second-hand goods in stores (not incl. antiques)
AVS WALE'S LTD 22 STONEBRIDGE PARK, CROESYCEILIOG, CWMBRAN, GWENT, NP44 2JL 09388316 2018-01-31 47,512 0
HENRYS ELECTRONICS SUPERSTORE LTD 20-22 WENLOCK ROAD, LONDON, ENGLAND, N1 7GU 10502953 2018-11-30 46,131 0
HIDDEN CABLES AUDIO VISUAL LTD VIEWLANDS, WALFORD ROAD, ROSS-ON-WYE, HEREFORDSHIRE, HR9 5PQ 06060386 2018-01-31 34,338 0 74909-Other professional, scientific and technical activities not elsewhere classified
BD-AUDIO LTD 1 SYCAMORE CLOSE, MALVERN, WR14 1UG 08029743 2018-09-30 23,501 0
LIMITED 2 LTD 20 ALBERT STREET, RUGBY, WARWICKSHIRE, CV21 2AA 08818399 2017-12-31 8,190 0
MACRO LEVEL SMARTHOMES LIMITED OAKS CROSS COPTHORNE LANE, FAWLEY, SOUTHAMPTON, HAMPSHIRE, UNITED KINGDOM, SO45 1DP 10654538 2018-03-31 8,065 0 71129-Other engineering activities
ROCKIT HEADPHONES LIMITED 19 CORNER FIELD, KINGSNORTH, ASHFORD, KENT, UNITED KINGDOM, TN23 3NH 09905455 2017-12-31 1,568 0
AUDIO SUITE LIMITED 41 BENTLEY AVENUE, YAXLEY, PETERBOROUGH, PE7 3ZS 03826485 2018-08-31 849 0
EUROTVS LIMITED CLISBY COTTAGE, FAIRMILE, HENLEY-ON-THAMES, ENGLAND, RG9 2LA 07841834 2018-05-04 347 0
HIA MUSIC LIMITED 20 CHURCH WALK, BRENTFORD, ENGLAND, TW8 8DB 10457773 2018-11-30 0 0 47591-Retail sale of musical instruments and scores
47630-Retail sale of music and video recordings in specialised stores
59200-Sound recording and music publishing activities

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
RICHER SOUNDS LIMITED 1.0% 3.6% 7.1% 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 1.8% 3.8% 7.0% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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