NOVEL AUDIO LTD

Active London

Other business support service activities n.e.c.

32 employees website.com
Creative, media and publishing Other business support service activities n.e.c.
N

NOVEL AUDIO LTD

Other business support service activities n.e.c.

Founded 12 Aug 2016 Active London, England 32 employees website.com
Creative, media and publishing Other business support service activities n.e.c.

Previous Company Names

SPG PRODUCTIONS LTD 12 Aug 2016 — 8 Nov 2023
Accounts Submitted 31 Mar 2026 Next due 31 Mar 2026 3 months overdue
Confirmation Submitted 14 May 2026 Next due 14 May 2027 11 months remaining
Net assets £-1M £1M 2024 year on year
Total assets £367K £678K 2024 year on year
Total Liabilities £2M £725K 2024 year on year
Charges 1
1 outstanding

Contact & Details

Contact

Registered Address

17-21 Emerald Street 3rd Floor London WC1N 3QN England

Website

www.example.com

Full company profile for NOVEL AUDIO LTD (10327884), an active creative, media and publishing company based in London, England. Incorporated 12 Aug 2016. Other business support service activities n.e.c.. View financials, directors, shareholders, and filings.

Business Summary

This company specializes in providing innovative solutions and services across multiple sectors.

Products & Services

consulting software analytics integration

Reports

Credit Report

In-depth credit score, financial analysis, risk assessment and company intelligence.

Financials

Financials

Period 1 Apr → 31 Mar 2025
Type total-exemption-full
Next accounts 31 Mar 2025
Due by 31 Mar 2026 3 months overdue

Net Assets, Total Assets & Total Liabilities (2016–2024)

Cash in Bank

£107.60k

Decreased by £363.61k (-77%)

Net Assets

-£1.47M

Decreased by £1.40M (-2119%)

Total Liabilities

£1.84M

Increased by £724.50k (+65%)

Turnover

N/A

Employees

32

Decreased by 1 (-3%)

Debt Ratio

500%

Increased by 394 (+372%)

Financial History

Revenue, profit, EBITDA and key financial figures

2025
31 Mar Year End
2024
31 Mar Year End
P&L
Revenue
£142.3M
£128.7M
Gross Profit
£48.2M
£43.1M
Operating Profit
£22.4M
£19.8M
Net Profit
£18.1M
£15.9M
EBITDA
£31.5M
£28.2M
Assets
Cash
£24.7M
£21.3M
Total Assets
£89.4M
£82.1M
Liabilities
Total Liabilities
£45.2M
£41.8M
Key Metrics
Employees
1,247
1,156
Latest Revenue
£142.3M
Latest EBITDA
£31.5M
Cash Position
£24.7M

Funding

Fundraising & Grants

Funding Rounds 1
Grants 1

Investors (2)

Investor NameInvestor SinceParticipating Rounds
Investor 1Feb 2023Series A
Investor 2Feb 2023Series A

Share Capital

Share Capital

Share allotments and capital structure

3 Allotments 9,513 Shares £5.00m Total
Date FromShare ClassShares AllottedAmount RaisedPrice/Share
26 Oct 20236,816£68.16£0.01
10 Feb 2023944£1.75m£2k
22 Dec 20221,753£3.25m£2k

Officers

Officers

1 active 2 resigned
Status
Rookwood, DanDirectorBritishEngland4822 Dec 2022Active

Shareholders

Shareholders (6)

Vgc Partners 1 Lp
76.9%
9,513
Maximillian O'brien
21.7%
2,688

Persons with Significant Control

Persons with Significant Control (1)

1 Active 4 Ceased

Vgc Partners I Lp

United Kingdom

Active
Notified 26 Oct 2023
Nature of Control
  • Ownership Of Shares 25 To 50 Percent

Sean Glynn

Ceased 5 Oct 2016

Ceased

Sean Glynn

Ceased 31 Dec 2023

Ceased

Maximillian Oliver Bertie O'brien

Ceased 22 Dec 2022

Ceased

Patrick Glynn

Ceased 5 Dec 2016

Ceased

Group Structure

Group Structure

VGC PARTNERS I LP united kingdom
NOVEL AUDIO LTD Current Company

Charges

Charges

1 outstanding

Properties

Properties

0 total

No related properties

Documents

Company Filings

DateCategoryDescriptionDocument
14 May 2026Confirmation StatementConfirmation statement made on 30 Apr 2026 with updates
31 Mar 2026AccountsAnnual accounts made up to 31 Mar 2025
19 Dec 2025MortgageMortgage Create With Deed With Charge Number Charge Creation Date
17 Dec 2025OfficersChange to director Mr Parminder Singh Basran on 24 Jun 2025
24 Jun 2025OfficersAppointment of Mr Parminder Basran as director on 24 Jun 2025
14 May 2026 Confirmation Statement

Confirmation statement made on 30 Apr 2026 with updates

31 Mar 2026 Accounts

Annual accounts made up to 31 Mar 2025

19 Dec 2025 Mortgage

Mortgage Create With Deed With Charge Number Charge Creation Date

17 Dec 2025 Officers

Change to director Mr Parminder Singh Basran on 24 Jun 2025

24 Jun 2025 Officers

Appointment of Mr Parminder Basran as director on 24 Jun 2025

Recent Activity

Latest Activity

Confirmation statement made on 30 Apr 2026 with updates

3 weeks ago on 14 May 2026

Annual accounts made up to 31 Mar 2025

2 months ago on 31 Mar 2026

Mortgage Create With Deed With Charge Number Charge Creation Date

5 months ago on 19 Dec 2025

Change to director Mr Parminder Singh Basran on 24 Jun 2025

5 months ago on 17 Dec 2025

Appointment of Mr Parminder Basran as director on 24 Jun 2025

11 months ago on 24 Jun 2025