SOLMANGO LTD

UNIT F, ADMIRALTY ROAD, GREAT YARMOUTH, NORFOLK, NR30 3PU

Previous 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-2024
Accounts 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
No P&L data available


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
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY 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 - 00 (0.0%)
Resigned Jose Manuel RODRIGUEZ 13 Feb 2006 01 Nov 2009 Accountant Spanish 0 - 10 (0.0%)
Active Carl Wayne MUNSON 10 Apr 2003 Company Director British 2 - 21 (25.0%)
Resigned John BROOKS 10 Apr 2003 12 Feb 2006 Company Director British 0 - 20 (0.0%)
Resigned SECRETARIAL APPOINTMENTS LIMITED 10 Apr 2003 10 Apr 2003 1 - 130295690 (43.7%)
Resigned CORPORATE APPOINTMENTS LIMITED 10 Apr 2003 10 Apr 2003 0 - 108485009 (46.2%)
Number of active directors: 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
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