CHERRY RED RECORDS LIMITED
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Cash
£5.2M
-0.4% vs 2024
Net assets
£14M
+10.5% highest in 4 filed years
Employees
18
-5.3% vs 2024
Profit before tax
£1.9M
-29.8% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-08-31
| Metric | Trend | 2020-08-31 | 2021-08-31 | 2024-08-31 | 2025-08-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | £14,651,393 | £14,382,203 | -1.8% | |
| Operating profit | — | — | £1,841,837 | £794,863 | -56.8% | |
| Profit before tax | — | — | £2,698,458 | £1,894,501 | -29.8% | |
| Net profit | — | — | £2,105,556 | £1,377,602 | -34.6% | |
| Cash | £3,668,500 | £3,294,899 | £5,187,641 | £5,167,779 | -0.4% | |
| Total assets less current liabilities | £6,366,920 | £8,258,383 | £13,093,695 | £14,553,065 | +11.1% | |
| Net assets | £6,342,880 | £8,235,760 | £13,093,695 | £14,471,297 | +10.5% | |
| Equity | £6,342,880 | £8,235,760 | £13,093,695 | £14,471,297 | +10.5% | |
| Average employees | 18 | 19 | 19 | 18 | -5.3% | |
| Wages | — | — | £1,647,538 | £1,747,240 | +6.1% | |
| Directors' remuneration | — | — | £660,645 | £758,469 | +14.8% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-08-31 | 2021-08-31 | 2024-08-31 | 2025-08-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 12.6% | 5.5% | |
| Net margin | — | — | 14.4% | 9.6% | |
| Return on capital employed | — | — | 14.1% | 5.5% | |
| Gearing (liabilities / total assets) | — | — | 34.0% | 32.0% | |
| Current ratio | — | — | 2.17x | 2.29x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- TC Group
- Audit opinion
- Qualified
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- CHERRY RED RECORDS LIMITED · parent
- Dome Records Limited 100%
- Dome Music Publishing Limited 100%
Significant events
- “Following the year end, the company acquired 100% holding in Odyssey Music Limited, State Music Limited and State Records Limited for £1,350,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VELASCO, Adam John | Secretary | 1996-01-01 | — | British |
| BRISTOW, Matthew David | Director | 2004-05-04 | Jun 1973 | British |
| MCNAY, Iain Ronald | Director | — | Jul 1946 | British |
| VELASCO, Adam John | Director | 1998-05-01 | Oct 1972 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRISTOW, Matthew David | Secretary | 2004-05-04 | 2004-05-04 |
| HAGAN, Danny Christopher | Secretary | — | 1995-12-31 |
| BRENNAN, Mark Stephen | Director | 2009-04-02 | 2013-02-01 |
| COSTELLO, Martin | Director | — | 1992-01-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Iain Ronald Mcnay | Individual | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 110 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-24 | AA | accounts | Accounts with accounts type group | |
| 2025-08-19 | AA | accounts | Accounts with accounts type medium | |
| 2025-08-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-05 | AA | accounts | Accounts with accounts type medium | |
| 2023-09-07 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-05-12 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-08-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-05-19 | CH01 | officers | Change person director company with change date | |
| 2021-05-19 | CH03 | officers | Change person secretary company with change date | |
| 2021-04-13 | AA | accounts | Accounts with accounts type total exemption full | |
| 2020-09-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-05-04 | AA | accounts | Accounts with accounts type total exemption full | |
| 2019-08-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-05-09 | AA | accounts | Accounts with accounts type total exemption full | |
| 2018-08-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2018-05-15 | AA | accounts | Accounts with accounts type total exemption full | |
| 2017-09-04 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.