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GEAR4MUSIC LIMITED
HOLGATE PARK DRIVE, YORK, YO26 4GNPrevious name: RED SUBMARINE LIMITED (changed on 02-Apr-2015)
Company Number: 03113256
Incorporation date: 12-Oct-1995
Status: Active
Entity type: Private Limited Company
SIC codes:
47591 Retail sale of musical instruments and scores
47990 Other retail sale not in stores, stalls or markets
SUMMARY
This company is 28.5 years old and is currently active. It is controlled by Gear4music (Holdings) Plc. The company has positive equity (net assets) of GBP 10 million which has increased from GBP 7.2 million in the previous year. The latest reported revenue figure is GBP 119.6 million which is similar to the previous year's figure of GBP 117.8 million. The company has 5 active officers (directors or partners) who are or were officers of 11 other companies, 4 (36.4%) 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-Dec-2024Accounts Filed: FULL (31-Mar-2023)
P&L Financials:
| Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
|---|---|---|---|---|---|---|---|
| 31-Mar-2020 | GBP | 119,583,000 | 3,644,000 | 883,000 | 2,262,000 | ||
| 31-Mar-2019 | GBP | 117,778,000 | 165,000 | 920,000 | -283,000 | ||
| 28-Feb-2018 | GBP | 2,000 | 2,175,000 | 7,000 | 8,000 | 1,399,000 | |
| 28-Feb-2017 | GBP | 56,128,000 | 3,197,000 | 175,000 | 266,000 | 2,756,000 | |
| 29-Feb-2016 | GBP | 35,489,000 | 1,206,000 | 2,000 | 80,000 | 93,000 | 1,035,000 |
| 28-Feb-2015 | GBP | 24,239,946 | 642,089 | 72,952 | 31,591 | 537,546 | |
| 28-Feb-2014 | GBP | 11 | 2 | 4 | 4 | 5 | 384,572 |
| 28-Feb-2013 | GBP | 12,265,651 | 285,134 | 47,811 | 16,485 | 220,838 |
Balance Sheet Financials:
| Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
|---|---|---|---|---|---|---|---|---|---|
| 31-Mar-2020 | GBP | 4,000 | 32,769,000 | 15,000 | 15,512,000 | 20,000 | 163,000 | 6,678,000 | 10,017,000 |
| 31-Mar-2019 | GBP | 4,965,000 | 27,165,000 | 20,097,000 | 15,816,000 | 58,000 | 147,000 | 4,822,000 | 7,228,000 |
| 28-Feb-2018 | GBP | 3,315,000 | 24,253,000 | 14,512,000 | 16,685,000 | 58,000 | 147,000 | 4,822,000 | 7,228,000 |
| 28-Feb-2017 | GBP | 15,000 | 16,512,000 | 16,000 | 7,339,000 | 21,000 | 147,000 | 3,334,000 | 3,994,000 |
| 29-Feb-2016 | GBP | 3,537,000 | 11,178,000 | 5,978,000 | 7,339,000 | 58,000 | 147,000 | 578,000 | 1,049,000 |
| 28-Feb-2015 | GBP | 894,914 | 6,436,264 | 5,074,561 | 57,692 | 146,646 | 1,663,064 | 1,867,402 | |
| 28-Feb-2014 | GBP | 707,911 | 5,084,378 | 3,199,448 | |||||
| 28-Feb-2013 | GBP | 656,179 | 4,496,217 | 2,049,728 | 2,064,765 | 57,692 | 146,646 | 996,296 | 1,200,634 |
VALUATION EVENTS (BETA)
| Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
|---|---|---|---|---|---|---|
| 31-Mar-2020 | GBP | -190.00% | -22,000 | 33,579 | 11,579 | 13,202,079 |
| 28-Feb-2018 | GBP | 63.79% | 37,000 | 21,000 | 58,000 | 10,386,500 |
| 28-Feb-2017 | GBP | -176.19% | -37,000 | 58,000 | 21,000 | 5,602,500 |
| 29-Feb-2016 | GBP | 0.53% | 662 | 124,000 | 124,662 | 1,577,874 |
| 28-Feb-2015 | GBP | 100.00% | 204,338 | 0 | 204,338 | -699,244 |
| 28-Feb-2014 | GBP | inf% | -204,338 | 204,338 | 0 | 452,507 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
|---|---|---|---|---|---|---|
| Active | Christopher David SCOTT | 08 Jan 2013 | 16 Apr 2024 | 1 - 0 | ||
| Resigned | Stephen Michael NETTLETON | 02 Apr 2001 | 08 Jan 2013 | 0 - 25 | ||
| Resigned | Susan Ruth WASS | 18 Oct 1995 | 02 Apr 2001 | 0 - 2 |
DIRECTORS
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
|---|---|---|---|---|---|---|---|
| Resigned | David FIELDHOUSE | 09 Dec 2021 | 30 Jun 2023 | None | British | 0 - 2 | 1 (50.0%) |
| Resigned | Eleni BURAS | 14 Dec 2020 | 10 Oct 2023 | Director | Polish | 1 - 1 | 0 (0.0%) |
| Resigned | Charlotte Georgina MAHON | 16 Jul 2019 | 01 Mar 2022 | Hr Director | British | 0 - 1 | 0 (0.0%) |
| Active | Jonathan Richard MEAGER | 01 Mar 2017 | Director | British | 1 - 0 | 0 (0.0%) | |
| Active | Robert John NEWPORT | 01 Mar 2017 | Director | British | 3 - 0 | 1 (33.3%) | |
| Resigned | Thomas Oliver WALDER | 01 Mar 2017 | 23 Jul 2020 | Director | British | 0 - 1 | 0 (0.0%) |
| Active | Christopher David SCOTT | 01 Jan 2013 | Finance Director | British | 2 - 2 | 2 (50.0%) | |
| Active | Gareth John BEVAN | 01 Jan 2013 | Commercial Director | British | 2 - 1 | 1 (33.3%) | |
| Resigned | Stephen Michael NETTLETON | 19 Mar 2012 | 01 Jan 2013 | Chartered Accountant | British | 0 - 25 | 6 (24.0%) |
| Resigned | Stephen Robert BULLOCK | 12 Mar 2010 | 19 Mar 2012 | Director | British | 3 - 13 | 8 (50.0%) |
| Resigned | Nigel David Rippon JOWETT | 02 Apr 2001 | 19 Mar 2012 | Company Director | British | 13 - 12 | 4 (16.0%) |
| Resigned | Stephen Michael NETTLETON | 02 Apr 2001 | 13 Jul 2009 | Company Director | British | 0 - 25 | 6 (24.0%) |
| Active | Andrew Paul WASS | 28 Oct 1995 | Company Director | British | 6 - 3 | 3 (33.3%) | |
| Resigned | YORK PLACE COMPANY SECRETARIES LIMITED | 12 Oct 1995 | 18 Oct 1995 | 0 - 10752 | 4702 (43.7%) | ||
| Resigned | YORK PLACE COMPANY NOMINEES LIMITED | 12 Oct 1995 | 18 Oct 1995 | 0 - 8781 | 4097 (46.7%) |
Average tenure of active directors: 13.1 years
Average tenure of resigned directors: 3.3 years
Average active director Dissolution Rate: 30.0%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
|
Name
|
||||||
|---|---|---|---|---|---|---|
| GEAR4MUSIC LIMITED (03113256) - Active | ✔ | ✔ | ✔ | ✔ | ✔ | |
| GEAR FOR VIDEO LIMITED (03264016) - Dissolved | ✔ | |||||
| YORK MUSEUMS AND GALLERY TRUST (04381647) - Active | ✔ | |||||
| CAGNEY LIMITED (04493300) - Active | ✔ | |||||
| AV DISTRIBUTION LTD (05385699) - Active - Proposal to Strike off | ✔ | ✔ | ✔ | |||
| OBJECT PHOTOGRAPHY LIMITED (06280918) - Dissolved | ✔ | |||||
| OC REALISATIONS 2011 LIMITED (06746045) - Liquidation | ✔ | |||||
| GEAR4MUSIC (HOLDINGS) PLC (07786708) - Active | ✔ | ✔ | ✔ | |||
| HUNTINGTON PRIMARY ACADEMY (09468412) - Active - Proposal to Strike off | ✔ | |||||
| GROWTROPICALS LTD (12556047) - Active | ✔ | |||||
| SAIL INTERNATIONAL PROPERTY HOLDINGS LTD (13250524) - Active | ✔ | |||||
| ESCAPADE 59 LTD (14020446) - Active | ✔ |
SHAREHOLDERS (BETA)
| Shareholder name | Share class | Shares at confirmation date | ||||
|---|---|---|---|---|---|---|
| 2019-10-12 | 2015-10-12 | 2014-10-12 | 2013-10-12 | 2012-10-12 | ||
| GEAR4MUSIC (HOLDINGS) PLC | A ORDINARY | 57,692 21.6% | 0 0% | 0 0% | 0 0% | 0 0% |
| GARETH JOHN BEVAN | B ORDINARY | 52,500 19.6% | 0 0% | 0 0% | 0 0% | 0 0% |
| ANDREW PAUL WASS | B ORDINARY | 45,000 16.8% | 0 0% | 0 0% | 0 0% | 0 0% |
| CHRISTOPHER DAVID SCOTT | B ORDINARY | 45,000 16.8% | 0 0% | 0 0% | 0 0% | 0 0% |
| THOMAS OLIVER WALDER | B ORDINARY | 38,000 14.2% | 0 0% | 0 0% | 0 0% | 0 0% |
| JONATHAN RICHARD MEAGER | B ORDINARY | 22,000 8.22% | 0 0% | 0 0% | 0 0% | 0 0% |
| ROBERT JOHN NEWPORT | B ORDINARY | 7,500 2.80% | 0 0% | 0 0% | 0 0% | 0 0% |
| GEAR 4 MUSIC (HOLDINGS) PLC | ORDINARY A | 0 0% | 57,692 100% | 0 0% | 0 0% | 0 0% |
| GEAR 4 MUSIC (HOLDINGS) LTD | ORDINARY A | 0 0% | 0 0% | 57,692 100% | 57,692 100% | 537,692 100% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
GEAR4MUSIC 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 |
|---|---|---|---|---|---|
| 2022-04-01 | 2022-09-30 | 18 | 3% | 11% | 69006 |
| 2021-10-01 | 2022-03-31 | 16 | 3% | 34% | 60325 |
| 2021-04-01 | 2021-09-30 | 16 | 3% | 24% | 60322 |
| 2020-10-01 | 2021-03-31 | 19 | 7% | 22% | 60320 |
| 2020-04-01 | 2020-09-30 | 15 | 3% | 27% | 42951 |
| 2019-10-01 | 2020-03-31 | 15 | 2% | 15% | 42950 |
| 2019-04-01 | 2019-09-30 | 14 | 2% | 14% | 22876 |
| 2018-09-01 | 2019-03-31 | 14 | 3% | 20% | 22243 |
| 2018-03-01 | 2018-08-31 | 16 | 3% | 12% | 7172 |
COURT CASES
No Court Cases found
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
47591 Retail sale of musical instruments and scores)
| Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
|---|---|---|---|---|---|---|
| GEAR4MUSIC LIMITED | HOLGATE PARK DRIVE, YORK, UNITED KINGDOM, YO26 4GN | 03113256 | 2018-02-28 | 79,981,000 | 2,912,000 |
47990-Other retail sale not in stores, stalls or markets |
| SHEARGOLD PIANOS LIMITED | 162 ANYARDS ROAD, COBHAM, SURREY, ENGLAND, KT11 2LH | 01371294 | 2018-04-30 | 889,514 | 0 | |
| WINDBAND LIMITED | 9 GREYFRIARS ROAD, SHREWSBURY, SY3 7EN | 05134276 | 2018-06-30 | 197,800 | 0 | |
| ELAGON LTD. | 145 ESTCOTS DRIVE, EAST GRINSTEAD, WEST SUSSEX, UNITED KINGDOM, RH19 3YP | 09541552 | 2018-04-30 | 137,037 | 0 | |
| ABBEY PIANO SERVICES LTD | ANCHOR ROAD ANCHOR ROAD, COLEFORD, RADSTOCK, SOMERSET, ENGLAND, BA3 5PB | 07179972 | 2018-03-31 | 105,353 | 0 | |
| CELTIC CHORDS LTD. | PULLDORAN, KIRKTON, AUCHENBLAE, KINCARDINESHIRE, AB30 1TD | SC237189 | 2018-02-28 | 73,858 | 0 | |
| SINNERS MUSIC LIMITED | THE WELSH MILL, PARK HILL DRIVE, FROME, SOMERSET, ENGLAND, BA11 2LE | 08253294 | 2018-10-31 | 53,668 | 0 |
85590-Other education not elsewhere classified |
| ARCADIA MUSIC LIMITED | 4385, 08028119: COMPANIES HOUSE DEFAULT ADDRESS, CARDIFF, CF14 8LH | 08028119 | 2018-04-30 | 52,361 | 0 | |
| NOTE-ORIOUS MUSIC LTD | NOTE-ORIOUS MUSIC, STATION ROAD, TAUNTON, ENGLAND, TA1 1NL | 09710281 | 2018-07-31 | 42,373 | 0 | |
| EBONY PIANOS LTD | 69 SOMERSET ROAD, LONDON, ENGLAND, N18 1HH | 09634342 | 2017-06-30 | 38,410 | 0 | |
| BETTER THAN NEW MUSIC LIMITED | UNIT 2 TRADA BUSINESS CAMPUS, STOCKING LANE, HUGHENDEN VALLEY, HIGH WYCOMBE, BUCKINGHAMSHIRE, UNITED KINGDOM, HP14 4NB | 09742407 | 2018-07-31 | 36,209 | 0 | |
| WILKS MUSIC STORES LIMITED | 144 WALTER ROAD, SWANSEA, WEST GLAMORGAN, SA1 5RQ | 00372203 | 2018-03-31 | 33,426 | 0 | |
| PIANO COVERS ONLINE LIMITED | 25 NYMPSFIELD ROAD, LOWER TUFFLEY, GLOUCESTER, GLOUCESTERSHIRE, GL4 0NL | 05940728 | 2018-12-31 | 26,944 | 0 | |
| MA SIMPSON'S LTD. | THE OLD SCHOOL, BARRAS, STONEHAVEN, AB39 2UJ | SC250616 | 2017-08-31 | 26,715 | 0 |
85590-Other education not elsewhere classified |
| GUAVA MUSIC LIMITED | THOMAS KELLY, 7 REGENTS WHARF, WHARF PLACE, LONDON, E2 9BD | 07765267 | 2018-05-04 | 2,951 | 0 | |
| DLMMUSICAL INSTRUMENTS LTD | DLMMUSICAL INSTRUMENTS LIMITED, THE OLD COACH HOUSE MOORSIDE ROAD, BROOKHOUSE, LANCASTER, LANCASHIRE, LA2 9PN | 06270090 | 2018-10-31 | 2,757 | 0 |
47910-Retail sale via mail order houses or via Internet |
| BETTER THAN NEW MUSICAL INSTRUMENT COMPANY LIMITED | UNIT 2 TRADA BUSINESS CAMPUS, STOCKING LANE, HUGHENDEN VALLEY, HIGH WYCOMBE, BUCKINGHAMSHIRE, UNITED KINGDOM, HP14 4NB | 08596075 | 2018-07-31 | 2,557 | 0 | |
| TEESSIDE MUSIC STORE LIMITED | 19A DUKESWAY, TEESSIDE INDUSTRIAL ESTATE, STOCKTON-ON-TEES, CLEVELAND, UNITED KINGDOM, TS17 9LT | 09577452 | 2018-05-05 | 128 | 0 | |
| JON BLISS LIMITED | 1 TOWER HOUSE, TOWER CENTRE, HODDESDON, HERTFORDSHIRE, ENGLAND, EN11 8UR | 09668550 | 2017-07-31 | 0 | 0 | |
| SYNERGY M. G. LIMITED | 1 TOWER HOUSE, TOWER CENTRE, HODDESDON, HERTFORDSHIRE, EN11 8UR | 08707283 | 2018-08-31 | 0 | 0 |
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 |
|---|---|---|---|---|
| GEAR4MUSIC LIMITED | 0.7% | 3.6% | 7.1% | Medium |
| Other companies Active in the same sector | Too few competitors | |||
| Age | 0.3% | 1.3% | 2.4% | Medium |
| Company Type | 0.7% | 3.7% | 7.4% | Medium |
| Accounts category | 0.7% | 2.2% | 3.8% | Medium |
| Accounting Month | 0.5% | 1.8% | 3.9% | Medium |
| Sic code count | 0.8% | 3.8% | 7.5% | Medium |
