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MULTICHANNEL SOLUTIONS FOR ENTERTAINMENT (MSE) TRADING AS EXERTIS MSE LIMITED
40/48 AIRPORT ROAD WEST, SYDENHAM, BELFAST, BT3 9EDPrevious name: MULTICHANNEL SOLUTIONS FOR ENTERTAINMENT (MSE) LIMITED (changed on 12-Feb-2014)
Previous name: V.H.S. DISTRIBUTION LTD (changed on 28-Oct-2010)
Company Number: NI022579
Incorporation date: 14-Apr-1989
Status: Active
Entity type: Private Limited Company
SIC codes:
47630 Retail sale of music and video recordings in specialised stores
47990 Other retail sale not in stores, stalls or markets
SUMMARY
This company is 35 years old and is currently active. It is controlled by Dcc Technology Ltd. The company has negative equity (net assets) of GBP -3.5 million which has worsened since the previous year's figure of GBP -3.4 million. 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 -3.5 million), 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 3 active officers (directors or partners) who are or were officers of 96 other companies, 35 (36.5%) 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 | -13,612 | 127,700 | 24,800 | -116,512 | ||
31-Mar-2019 | GBP | -9,875 | 124,577 | 23,000 | -111,452 | ||
31-Mar-2018 | GBP | 38,072 | 114,334 | -33,510 | -109,772 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Mar-2020 | GBP | 313,792 | 3,452,467 | 6,999,565 | 100 | -3,547,298 | -3,547,198 | ||
31-Mar-2019 | GBP | 391,318 | 3,355,213 | 6,785,899 | 100 | -3,430,786 | -3,430,686 | ||
31-Mar-2018 | GBP | 2,740,464 | 5,456,378 | 8,775,612 | 100 | -3,319,334 | -3,319,234 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|---|---|---|---|---|---|
Resigned | Steven James TOWNSLEY | 31 Oct 2014 | 30 Apr 2015 | 0 - 1 | ||
Resigned | Mairead FAUGHEY | 07 May 2010 | 31 Oct 2014 | 0 - 1 | ||
Resigned | Jim MORGAN | 30 Sep 2005 | 31 Mar 2014 | 0 - 8 | ||
Resigned | Ian Gerrard LOUGHRAN | 14 Apr 1989 | 30 Sep 2005 | 0 - 1 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Resigned | Richard John HINDS | 16 Aug 2021 | 19 Aug 2022 | Director | British | 2 - 10 | 3 (25.0%) |
Active | Leslie Robert DEACON | 30 Apr 2020 | Director | Irish | 22 - 55 | 33 (42.9%) | |
Active | Paul William BRYAN | 31 Jan 2020 | Director | British | 28 - 14 | 13 (31.0%) | |
Active | Timothy David GRIFFIN | 30 Jun 2018 | Company Director | British | 23 - 17 | 8 (20.0%) | |
Resigned | Stephen CASEY | 28 Sep 2016 | 30 Apr 2020 | Director | Irish | 0 - 1 | 0 (0.0%) |
Resigned | Gerard Patrick O'KEEFFE | 01 Apr 2014 | 31 Jan 2020 | Company Director | Irish | 1 - 65 | 23 (34.8%) |
Resigned | Kevin LUCEY | 01 Oct 2010 | 09 Apr 2015 | Chartered Accountant | Irish | 0 - 6 | 2 (33.3%) |
Resigned | Lombard SHANE | 01 Oct 2010 | 10 Oct 2012 | Accountant | Irish | 0 - 1 | 0 (0.0%) |
Resigned | Robert MCGROGGAN | 15 May 2008 | 30 Apr 2010 | Director | Uk | 0 - 1 | 0 (0.0%) |
Resigned | Liam Martin DORRIAN | 15 May 2008 | 19 Feb 2010 | Accountant | Uk | 1 - 2 | 1 (33.3%) |
Resigned | Conor Joseph MURPHY | 25 Sep 2006 | 27 Sep 2010 | Chartered Accountant | Irish | 2 - 26 | 1 (3.6%) |
Resigned | Conor Joseph MURPHY | 25 Sep 2006 | 27 Sep 2010 | Chartered Accountant | Irish | 0 - 25 | 1 (4.0%) |
Resigned | Donal MURPHY | 21 Jul 2005 | 25 Sep 2006 | Director | Irish | 0 - 98 | 8 (8.2%) |
Resigned | Niall David ENNIS | 21 Jul 2005 | 30 Jun 2018 | Company Director | Irish | 0 - 34 | 5 (14.7%) |
Resigned | Nicholas Joseph FURLONG | 14 Apr 1989 | 21 Jun 2008 | Director | Irish | 0 - 1 | 0 (0.0%) |
Resigned | Norman LYONS | 14 Apr 1989 | 30 Oct 2003 | Director | Irish | 0 - 1 | 0 (0.0%) |
Resigned | Jim MORGAN | 14 Apr 1989 | 31 Mar 2014 | Director | Irish | 0 - 8 | 0 (0.0%) |
Average tenure of active directors: 4.6 years
Average tenure of resigned directors: 7.3 years
Average active director Dissolution Rate: 31.3%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | |||
---|---|---|---|---|---|
2015-08-07 | 2014-08-07 | 2013-08-07 | 2012-08-07 | ||
MULTICHANNEL SOLUTIONS FOR ENTERTAINMENT (MSE) LIMITED | ORDINARY | 100 100% | 100 100% | 100 100% | 100 100% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
MULTICHANNEL SOLUTIONS FOR ENTERTAINMENT (MSE) TRADING AS EXERTIS MSE 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:
47630 Retail sale of music and video recordings in specialised stores)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
HMV RETAIL LIMITED | 10 FLEET PLACE, LONDON, EC4M 7RB | 08380689 | 2017-12-30 | 277,215,000 | -8,772,000 | |
HI-TECH MUSIC LTD | 89 SHIRELAND ROAD, SMETHWICK, B66 4QJ | 06531691 | 2018-03-31 | 370,077 | 0 | |
AUDIOTEKNIK LTD | 9 HARCOURT CLOSE, ISLEWORTH, LONDON, TW7 6DD | 08641384 | 2018-08-31 | 46,338 | 0 | |
COM ENTERTAINMENT LTD | 20-22 WENLOCK ROAD, LONDON, ENGLAND, N1 7GU | 07744794 | 2018-08-31 | 37,590 | 0 |
47910-Retail sale via mail order houses or via Internet 47990-Other retail sale not in stores, stalls or markets 90010-Performing arts |
HI-TECH PUBLISHING LTD | 89 SHIRELAND ROAD, SMETHWICK, W. MIDLANDS, B66 4QJ | 06567612 | 2018-03-31 | 33,743 | 0 | |
FITNESS 4X4 LIMITED | STUDIO ONE, 32 VIOLET AVENUE, UXBRIDGE, MIDDLESEX, ENGLAND, UB8 3PR | 07016483 | 2018-10-31 | 27,915 | 0 |
85510-Sports and recreation education 86900-Other human health activities 93199-Other sports activities |
DISTRIJAZZ UK LIMITED | GROUND FLOOR, 123 PALL MALL, LONDON, ENGLAND, SW1Y 5EA | 10715738 | 2018-04-30 | 21,129 | 0 | |
SORETHUMBZ LIMITED | LYTCHETT HOUSE, UNIT 13 FREELAND PARK, WAREHAM ROAD, POOLE, DORSET, ENGLAND, BH16 6FA | 09933825 | 2018-01-31 | 19,787 | 0 | |
MUSIC MEDIA INTERNATIONAL LTD | UNIT 16 HALLMARK TRADING ESTATE, FOURTH WAY, WEMBLEY, MIDDLESEX, HA9 0LB | 04912007 | 2018-06-30 | 13,401 | 0 | |
BACK TO THE GARDEN RECORDS LTD | THE BANNUTS BROADHEMPSTON, TOTNES, DEVON, UNITED KINGDOM, TQ9 6BD | 09548423 | 2018-04-30 | 7,600 | 0 | |
SLIM'S RECORDS LIMITED | 111 SALISBURY ROAD, BARNET, ENGLAND, EN5 4JL | 08564423 | 2018-06-30 | 6,107 | 0 | |
BADE RECORDS LIMITED | 16 NAPIER AVENUE, FULHAM, LONDON, SW6 3PT | 08791955 | 2018-11-30 | 5,709 | 0 |
59200-Sound recording and music publishing activities 90030-Artistic creation 93290-Other amusement and recreation activities not elsewhere classified |
THRIVE MUSIC LIMITED | 1ST FLOOR SOUTH DOWN HOUSE, STATION ROAD, PETERSFIELD, HAMPSHIRE, GU32 3ET | 07220673 | 2018-04-30 | 2,237 | 0 | |
DIGITAL MUSIC ARCHIVES LIMITED | 16 OLD MANOR CLOSE, ASHBURTON, NEWTON ABBOT, DEVON, ENGLAND, TQ13 7JF | 03419220 | 2018-08-31 | 1,299 | 0 | |
KAFANKO LTD | 71-75 SHELTON STREET, COVENT GARDEN, LONDON, UNITED KINGDOM, WC2H 9JQ | 10487057 | 2018-11-30 | 300 | 0 |
47910-Retail sale via mail order houses or via Internet 59200-Sound recording and music publishing activities 90030-Artistic creation |
INTOXICA LTD | 97 CRESSFIELD CLOSE, LONDON, NW5 4BN | 05633496 | 2018-11-30 | 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 |
---|---|---|---|---|
MULTICHANNEL SOLUTIONS FOR ENTERTAINMENT (MSE) TRADING AS EXERTIS MSE 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 |