How much does Proper Music Distribution Limited make?

Proper Music Distribution Limited reported revenue of £33.1m and a loss of £332k in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Proper Music Distribution Limited have?

Proper Music Distribution Limited reported an average of 112 employees in the year to 31 Dec 2025.

Is Proper Music Distribution Limited profitable?

No — Proper Music Distribution Limited reported a loss of £332k in the year to 31 Dec 2025.

Company No. 02807811 · Incorporated 7 Apr 1993

Proper Music Distribution Limited

Registered name: PROPER MUSIC DISTRIBUTION LIMITED

Part of Artone Holding B.V. group

Proper Music Distribution Limited made £33.1m revenue and a £332k loss in the year to 31 Dec 2025. read from filing text

Proper Music Distribution Limited’s revenue fell 27% to £33.1m in the year to 31 Dec 2025, with a loss of £332k and 112 employees. The company is classified under “wholesale of audio tapes, records, cds and video tapes and the equipment on which these are played” and is based in Dartford; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46431Wholesale of audio tapes, records, CDs and video tapes and the equipment on which these are played SIC 47630Retail sale of music and video recordings in specialised stores

Status: Active
Location: Dartford, South East
Age: 33 yrs · since 1993
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “During the financial year, the”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-lightCash flow filed

Revenue

£33.1m

Growth ▼26.6%

Profit

−£332k

Growth —

Profit margin

−1%

Gross 14.6%

Employees

112

Change ▼17.6%

Profit / employee

−£3k

Revenue/employee £295k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£30.1m	£45.8m	£45m	£33.1m
Cost of sales	£28.1m	£41.3m	£40.6m	£28.2m
Gross profit	£2m	£4.5m	£4.4m	£4.8m
Operating profit	−£1.7m	−£1.1m	−£1.6m	−£164k
Profit before tax	−£1.7m	−£1.2m	−£1.8m	−£336k
Profit after tax	−£1.7m	−£1.2m	−£1.8m	−£332k
Profit (best available)	−£1.7m	−£1.2m	−£1.8m	−£332k
Staff costs	£3.7m	£5.4m	£5.9m	£5.4m
Employees (average)	130	142	136	112
Ratios
Profit margin	−5.8%	−2.7%	−3.9%	−1%
Gross margin	6.7%	9.8%	9.8%	14.6%
Revenue per employee	£231k	£323k	£331k	£295k
Profit per employee	−£13.3k	−£8.7k	−£12.9k	−£3k
Growth (year on year)
Revenue growth	—	—	▼1.7%	▼26.6%
Headcount growth	—	—	▼4.2%	▼17.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.8m	£3m	£2m	£1.6m
Net assets	£550k	−£683k	−£2.4m	−£2.8m
Fixed assets	£1.8m	£1.8m	£1.8m	£1.9m
Current assets	£11.7m	£14.8m	£13.1m	£8.6m
Debtors	£6.6m	£7.7m	£6.9m	£3.6m
Deferred income	£1.2m	£1.5m	£1.2m	£987k
Cash from operations	£573k	−£1.9m	£260k	£1.8m
Source	FullAccounts · bulk data Apr 2025	FullAccounts · bulk data Apr 2025	FullAccounts · bulk data Dec 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −1%; Profit ÷ revenue.
Gross margin: 14.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £295k; Revenue ÷ average employees.
Profit per employee: −£3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 5.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 10.8%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now −£2.8m
Cash at bank: ▼21%; Now £1.6m
Headcount: ▼18%; Now 112
Deferred income: ▼18%; Now £987k
Fixed assets: ▲5%; Now £1.9m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Artone Holding B.V. (registered outside the UK register)ultimate parent75–100%
Artone Holdings II Ltd75–100%
Proper Music Distribution Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Proper Note LimitedFigures not disclosed

Sister companies (3)

Proper Music Publishing LimitedFigures not disclosed
Proper Records LimitedFigures not disclosed
Propermusic.com LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£332k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.