Music Venues Limited

Music Venues Ltd, based in London, UK, is a small holding company with an active status, established twelve years ago in 2013. The company employs sixty eight people and holds assets totaling £1,223,211. It operates from a real address and is overseen by one director and one owner. Notably, it’s an irregular importer of paper and paperboard products, with just one month of imports recorded back in 2019.

The company’s primary function appears to be supporting and protecting UK grassroots music venues. Its website details a mission to “protect, secure and improve UK Grassroots Music Venues for the benefit of venues, communities and upcoming artists.” It operates the Music Venue Alliance, a network of venues working together, and provides an Emergency Response Service to venues in jeopardy. A significant focus is on advocacy, evidenced by the recent Government response to the Culture, Media and Sport Select Committee report, advocating for a contribution from arena and stadium ticket sales to support grassroots venues. The website also highlights a "Manifesto for Grassroots Music" and encourages artists to pledge support.

Financially, Music Venues Ltd presents a mixed picture. Current assets have fallen by a significant 54%, dropping to £1.2 million. Net assets, however, have increased by 42%, reaching £1.3 million. Bank borrowings have decreased dramatically, falling by 100%, and cash reserves have increased by 24%, reaching £910,000. Debtor levels have dropped significantly, by 88%, while creditors have increased by 17%. The company’s average number of employees has increased by a substantial 81%, reaching 120. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in current assets is a point of concern. The unaudited financial statements, prepared using CCH Software, do not mention an auditor.

The increase in employees, despite the decrease in current assets, suggests a period of investment and expansion, perhaps driven by the advocacy work and the need to support a growing network of venues. The company’s success hinges on its ability to secure funding and navigate the challenges facing the grassroots music sector—a sector that, as the financial data shows, is clearly under pressure.

Registered in England/Wales under the registration number 08502933, with a registered address at SW2 1RJ, London, Electric Brixton Town Hall Parade, Brixton Hill.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.