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SOLMANGO LTD
UNIT F, ADMIRALTY ROAD, GREAT YARMOUTH, NORFOLK, NR30 3PUPrevious name: PROPMED LIMITED (changed on 18-Dec-2018)
Previous name: MUNBRO LIMITED (changed on 20-Jun-2006)
Company Number: 04729837
Incorporation date: 10-Apr-2003
Status: Active
Entity type: Private Limited Company
SIC codes:
32200 Manufacture of musical instruments
62020 Information technology consultancy activities
SUMMARY
This company is 21 years old and is currently active. It is controlled by Mr Carl Wayne Munson. The company has negative equity (net assets) of GBP -161.2 thousand which has worsened since the previous year's figure of GBP -151.9 thousand. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -161.4 thousand), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 2 active officers (directors or partners) who are or were officers of 2 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: 31-Dec-2024Accounts Filed: UNAUDITED ABRIDGED (31-Mar-2023)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
31-Mar-2023 | GBP | -9,307 | -9,307 | ||||
31-Mar-2022 | GBP | -14,096 | -14,096 | ||||
31-Mar-2020 | GBP | -27,720 | -27,720 | ||||
31-Mar-2019 | GBP | -18,841 | -18,841 | ||||
31-Mar-2018 | GBP | 637 | -14,370 | -14,370 | |||
31-Mar-2017 | GBP | 2,030 | -15,748 | -15,748 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Mar-2023 | GBP | 529 | 12,011 | 200 | -161,433 | -161,233 | |||
31-Mar-2022 | GBP | 696 | 8,388 | 200 | -152,090 | -151,890 | |||
31-Mar-2021 | GBP | 466 | 5,786 | 100 | -137,894 | -137,794 | |||
31-Mar-2020 | GBP | 328 | 328 | 100 | -114,018 | 1,924 | |||
31-Mar-2019 | GBP | 419 | 419 | 100 | -86,298 | 2,328 | |||
31-Mar-2018 | GBP | 301 | 301 | 100 | -67,457 | 301 | |||
31-Mar-2017 | GBP | 301 | 301 | 100 | -67,457 | -67,357 | |||
31-Mar-2016 | GBP | 64 | 64 | 100 | -51,708 | -51,608 | |||
31-Mar-2015 | GBP | 27 | 27 | 100 | -40,907 | -40,807 | |||
31-Mar-2014 | GBP | 554 | 554 | 100 | -32,577 | -32,477 | |||
31-Mar-2013 | monetaryAccounts | 12 | 12 | 100 | -25,334 | 25,234 | |||
31-Mar-2012 | monetaryAccounts | 467 | 467 | 100 | -55,633 | 55,533 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|---|---|---|---|---|---|
31-Mar-2022 | GBP | 50.00% | 100 | 100 | 200 | -431 |
** 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 | Carl Wayne MUNSON | 10 Apr 2003 | 29 Mar 2024 | Company Director | British | 2 - 2 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Marie-Teresa MUNSON | 01 Nov 2021 | Company Director | British | 1 - 0 | 0 (0.0%) | |
Resigned | Jose Manuel RODRIGUEZ | 13 Feb 2006 | 01 Nov 2009 | Accountant | Spanish | 0 - 1 | 0 (0.0%) |
Active | Carl Wayne MUNSON | 10 Apr 2003 | Company Director | British | 2 - 2 | 1 (25.0%) | |
Resigned | John BROOKS | 10 Apr 2003 | 12 Feb 2006 | Company Director | British | 0 - 2 | 0 (0.0%) |
Resigned | SECRETARIAL APPOINTMENTS LIMITED | 10 Apr 2003 | 10 Apr 2003 | 1 - 13029 | 5690 (43.7%) | ||
Resigned | CORPORATE APPOINTMENTS LIMITED | 10 Apr 2003 | 10 Apr 2003 | 0 - 10848 | 5009 (46.2%) |
Average tenure of active directors: 11.7 years
Average tenure of resigned directors: 1.6 years
Average active director Dissolution Rate: 12.5%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
Name
|
|||
---|---|---|---|
SOLMANGO LTD (04729837) - Active | ✔ | ✔ | |
ICONNECT GLOBAL LTD (09748631) - Active | ✔ | ||
NURDLE LIMITED (10000129) - Active - Proposal to Strike off | ✔ |
SHAREHOLDERS (BETA)
No shareholder data available
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
SOLMANGO LTD
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:
32200 Manufacture of musical instruments)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
BARNES & MULLINS LIMITED | UNIT 14 MILE OAK INDUSTRIAL, ESTATE MAESBURY ROAD, OSWESTRY, SHROPSHIRE, SY10 8GA | 01305000 | 2017-12-31 | 11,428,338 | 0 |
46491-Wholesale of musical instruments |
DIRTY NORTHERN TOWN LIMITED | 11 CHELTENHAM ROAD, MANCHESTER, M21 9GL | 08974833 | 2018-04-30 | 117,709 | 0 | |
LOGJAM MUSIC LIMITED | NO 1 APPROACH ROAD, RAYNES PARK, LONDON, SW20 8BA | 07035181 | 2018-09-30 | 102,305 | 0 | |
JAMES COLLINS GUITARS LIMITED | UNIT 2 FIRGROVE BUSINESS PARK FIRGROVE ROAD, CROSS IN HAND, HEATHFIELD, ENGLAND, TN21 0QL | 09323828 | 2018-09-30 | 58,695 | 0 | |
PETER VOIGT LIMITED | 71 HIGH STREET, LINDFIELD, WEST SUSSEX, RH16 2HN | 00663471 | 2018-09-30 | 27,447 | 0 | |
JIM FLEETING GUITARS LIMITED | UNIT E5, 4TH FLOOR, PEAR MILL STOCKPORT ROAD WEST, BREDBURY, STOCKPORT, ENGLAND, SK6 2BP | 08052684 | 2018-03-31 | 21,753 | 0 | |
NOISE ORCHESTRA LIMITED | M15 6DE, 51 CONMERE SQUARE, HULME, MANCHESTER, ENGLAND, M15 6DE | 10311898 | 2018-08-31 | 20,124 | 0 | |
SHERMANN MANUFACTURING LTD | 36 MAIN STREET, BARRHEAD, G78 1RE | SC457025 | 2018-08-31 | 11,802 | 0 | |
DRDRUMS UK LIMITED | 60 EASTGROVE AVENUE, SHARPLES, BOLTON, GREATER MANCHESTER, BL1 7HA | 09185704 | 2017-08-31 | 2,561 | 0 | |
SOLMANGO LTD | UNIT F, ADMIRALTY ROAD, GREAT YARMOUTH, NORFOLK, ENGLAND, NR30 3PU | 04729837 | 2018-03-31 | 637 | 0 |
62020-Information technology consultancy activities |
RAINCOURT CONSULTANTS LIMITED | 41 THURNHAM COURT, THOMAS WYATT ROAD, DEVIZES, ENGLAND, SN10 5FL | 03010362 | 2018-12-31 | 261 | 0 |
74909-Other professional, scientific and technical activities not elsewhere classified |
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 |
---|---|---|---|---|
SOLMANGO LTD | 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 | 0.6% | 2.5% | 4.5% | Medium |
Accounting Month | 0.5% | 1.8% | 3.9% | Medium |
Sic code count | 0.8% | 3.8% | 7.5% | Medium |