INDUSTRICATION INC. LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-05-31.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. INDUSTRICATION INC. LIMITED 2007-05-21 → present
2. ENFRANCHISE 518 LIMITED 2006-11-08 → 2007-05-21

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. INDUSTRICATION INC. LIMITED · parent
   1. ACM Commercial Limited 100% · England & Wales · Other business support services
   2. ACM London Limited 100% · England & Wales · Provider of music education
   3. Academy of Music & Sound (Birmingham) Limited 100% · England & Wales · Provider of music education
   4. The Electric Theatre Guildford Limited 100% · England & Wales · Provider of theatre facilities
   5. ACM Education Limited 100% · England & Wales · Holding company
   6. ACM Works Limited 100% · England & Wales · Dormant company
   7. Academy of Contemporary Music Brighton Limited 100% · England & Wales · Dormant company
   8. ACM Guildford Limited 100% · England & Wales
   9. Metropolis London Music Limited 100% · England & Wales

Significant events

• “Following the year end, the Company are in the process of refinancing its loan and have received a letter from its loan provider confirming their intention to support the business and provide further financing.”
• “Where student recruitment was impacted by Covid-19 and student numbers within the group had as a result declined since 2019, the number of new enrolments is slowly increasing, however we are currently being impacted by the cost of living crisis along with many other institutions.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +9.7%

  £15,670,719 → £17,191,238

• Cash

  +59.7%

  £2,600,264 → £4,152,215

• Net assets

  -7.1%

  £8,141,961 → £7,560,309

• Employees

  +3.1%

  322 → 332

• Operating profit

  -114.7%

  £741,573 → -£108,976

• Profit before tax

  -441.4%

  £176,826 → -£603,676

• Wages

  +12.4%

  £7,026,260 → £7,894,837

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers