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PRAISE WORTH RECORDS LIMITED
4 CAPRICORN CENTRE, CRANES FARM ROAD, BASILDON, ESSEX, SS14 3JJCompany Number: 05683987
Incorporation date: 23-Jan-2006
Dissolved date: 25-Jul-2017
Status: Dissolved
Entity type: Private Limited Company
SIC codes:
18201 Reproduction of sound recording
SUMMARY
This company is 18.2 years old and is currently dissolved since 25-Jul-2017. No P&L financials are available but there is Balance Sheet data. The company has negative equity (net assets) of GBP -1.5 thousand which has worsened since the previous year's figure of GBP -834. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP -655 in the last reported period. 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 -1.6 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 no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.FINANCIALS (BETA)
Accounts Filed: TOTAL EXEMPTION SMALL (31-Jan-2016)
P&L Financials:
| Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
|---|
Balance Sheet Financials:
| Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
|---|---|---|---|---|---|---|---|---|---|
| 31-Jan-2016 | GBP | 3,453 | 100 | -1,589 | -1,489 | ||||
| 31-Jan-2015 | GBP | 3,453 | 100 | -934 | -834 | ||||
| 31-Jan-2014 | GBP | 3,453 | 100 | -61 | 39 | ||||
| 31-Jan-2013 | GBP | 3,453 | 100 | 1,046 | 1,146 | ||||
| 31-Jan-2012 | GBP | 100 | 3,373 | 100 | 1,126 | 1,226 | |||
| 31-Jan-2011 | GBP | 100 | 100 |
VALUATION EVENTS (BETA)
| Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
|---|---|---|---|---|---|---|
| 31-Jan-2012 | GBP | 100.00% | 100 | 0 | 100 | -50 |
** 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) |
|---|---|---|---|---|---|---|
| unknown | Simangaliso GUDU | 30 Jan 2006 | 18 Apr 2024 | 0 - 1 |
DIRECTORS
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
|---|---|---|---|---|---|---|---|
| Resigned? | Calvin GUDU | 30 Jan 2006 | Consultant | British | 1 - 1 | 1 (50.0%) | |
| Resigned | 1ST CONTACT SECRETARIES LIMITED | 23 Jan 2006 | 30 Jan 2006 | 0 - 492 | 281 (57.1%) | ||
| Resigned | 1ST CONTACT DIRECTORS LIMITED | 23 Jan 2006 | 30 Jan 2006 | 0 - 729 | 433 (59.4%) |
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
No information on directors in other companies.
SHAREHOLDERS (BETA)
No shareholder data available
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
no controlling companies
PRAISE WORTH 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:
18201 Reproduction of sound recording)
| Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
|---|---|---|---|---|---|---|
| SONY DADC EUROPE LIMITED | C/O LAYTONS LLP, PINNERS HALL THIRD FLOOR, 105-108 OLD BROAD STREET, LONDON, ENGLAND, EC2N 1ER | 05640889 | 2018-03-31 | 286,800,000 | -3,579,000 |
18202-Reproduction of video recording 26800-Manufacture of magnetic and optical media 52103-Operation of warehousing and storage facilities for land transport activities |
| LEMON DIGITAL MEDIA LIMITED | 44 ASHCOMBE GARDENS, WESTON-SUPER-MARE, AVON, BS23 2XD | 07343435 | 2018-09-30 | 172,615 | 0 |
18202-Reproduction of video recording 18203-Reproduction of computer media |
| WOODWORK MUSIC LIMITED | 6 HOLLINS VILLAS, HENSHAW ROAD, TODMORDEN, ENGLAND, OL14 6QR | 06404511 | 2018-12-31 | 34,961 | 0 | |
| CONFIDENTIAL RECORDS (UK) LIMITED | THE BUNGALOW, CADMAN LANE, SNAITH, EAST YORKSHIRE, DN14 9JR | 06820545 | 2018-10-31 | 17,526 | 0 | |
| BASILDON STUDIOS LIMITED | 5 CHIGWELL ROAD, LONDON, E18 1LR | 07003144 | 2018-08-31 | 15,670 | 0 | |
| MATT SNOWDEN LIMITED | 2 LOXWOOD AVENUE, WORTHING, ENGLAND, BN14 7QZ | 08099889 | 2018-06-30 | 5,888 | 0 | |
| FUZZY MOON RECORDS LTD | 110 ASPINALL ROAD, BROCKLEY, SE4 2EG | 06607829 | 2018-06-30 | 4,034 | 0 | |
| GAYMONKEY RECORDS LTD | TENBURY - BRENCHLEY HOUSE, SCHOOL ROAD, CHARING, KENT, UNITED KINGDOM, TN27 0JW | 06330836 | 2018-09-30 | 455 | 0 | |
| JAMBILA MUSIC LIMITED | FLAT 1, 82A, QUEEN STREET, RAMSGATE, KENT, ENGLAND, CT11 9ER | 05572433 | 2018-09-30 | 437 | 0 | |
| PHONOCORD LTD | SERGEI CHEBANKOV, 38 BROOKFIELD CRESCENT, LONDON, NW7 2DG | 03947394 | 2018-04-01 | 82 | 0 | |
| ARTIFACT MUSIC LIMITED | 22 ORCHARD CLOSE, CANTERBURY, KENT, ENGLAND, CT2 7AL | 04313066 | 2018-12-31 | 0 | 0 |
59200-Sound recording and music publishing activities 90020-Support activities to performing arts 91012-Archives activities |
| QUAIFE MUSIC PUBLISHING LTD | 9 CARROLL HILL, LOUGHTON, ESSEX, IG10 1NL | 04207843 | 2019-04-30 | 0 | 0 | |
| ZEN BROADCAST LIMITED | 238 STATION ROAD, ADDLESTONE, UNITED KINGDOM, KT15 2PS | 10294121 | 2018-06-30 | 0 | 0 | |
| UNIVERSAL SRG GROUP LIMITED | 4 PANCRAS SQUARE, LONDON, UNITED KINGDOM, N1C 4AG | 00284340 | 0000-00-00 | 0 | 0 |
18202-Reproduction of video recording 79110-Travel agency activities 90030-Artistic creation |
LIQUIDATION RISK (BETA)
This company is Dissolved. Statistically, such companies have a VERY HIGH 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 |
|---|---|---|---|---|
| Company status | 100.0% | 100.0% | 100.0% | High |
| Other companies Active in the same sector | Too few competitors | |||
| Age | 0.4% | 1.7% | 3.3% | Medium |
| Company Type | 0.7% | 3.7% | 7.4% | Medium |
| Accounts category | 3.5% | 7.3% | 10.5% | Medium |
| Accounting Month | 0.6% | 2.2% | 6.7% | Medium |
| Sic code count | 0.7% | 3.5% | 7.0% | Medium |
