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HIGH END PIANOS LTD
69 SOMERSET ROAD, LONDON, N18 1HHCompany Number: 10444591
Incorporation date: 25-Oct-2016
Status: Active - Proposal to Strike off
Entity type: Private Limited Company
SIC codes:
47591 Retail sale of musical instruments and scores
SUMMARY
This company is 7.5 years old and is currently active - proposal to strike off. It is controlled by Mr Zoltan Klement. No P&L financials are available but there is Balance Sheet data. The company has negative equity (net assets) of GBP -10.6 thousand which has worsened since the previous year's figure of GBP -195. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP -10.5 thousand 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 -10.6 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 1 active officers (directors or partners) who are or were officers of 1 other company. 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-Oct-2022Accounts Filed: TOTAL EXEMPTION FULL (31-Oct-2020)
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-Oct-2020 | GBP | 11,511 | 16,671 | 4,318 | 23,000 | 1 | -10,648 | -10,647 | |
31-Oct-2019 | GBP | 601 | 5,901 | 6,096 | 1 | -196 | -195 | ||
31-Oct-2018 | GBP | 2,500 | 7,015 | 7,251 | 1 | -237 | -236 | ||
31-Oct-2017 | GBP | 1 | 1 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|---|---|---|---|---|---|
31-Oct-2018 | GBP | 100.00% | 1 | 0 | 1 | -1,250 |
** 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) |
---|
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Zoltan KLEMENT | 25 Oct 2016 | Businessman | Slovak | 1 - 1 | 1 (50.0%) |
Average tenure of active directors: 7.5 years
Average tenure of resigned directors: no resignations yet
Average active director Dissolution Rate: 50.0%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
Name
|
||
---|---|---|
EBONY PIANOS LTD (09634342) - Active | ✔ | |
HIGH END PIANOS LTD (10444591) - Active - Proposal to Strike off | ✔ |
SHAREHOLDERS (BETA)
No shareholder data available
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
HIGH END PIANOS 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:
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 - Proposal to Strike off. 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 | 71.1% | 73.9% | 76.8% | High |
Other companies Active in the same sector | Too few competitors | |||
Age | 0.6% | 2.5% | 4.9% | Medium |
Company Type | 0.7% | 3.7% | 7.4% | Medium |
Accounts category | 0.5% | 2.1% | 4.2% | Medium |
Accounting Month | 0.6% | 4.4% | 12.0% | Medium |
Sic code count | 0.7% | 3.5% | 7.0% | Medium |