DRUM WORKS CIC

Company number 09649796 · Active

DRUM WORKS CIC is a community interest company registered in LONDON, United Kingdom, incorporated on 20 Jun 2015. Its registered activity is performing arts. Its latest published accounts for the period ending 31 Mar 2024 show equity of £3,868, total assets of £65k, turnover of £124k, a result of £212. It has filed 3 sets of accounts. Our model estimates a 3.06 % probability that it becomes insolvent within 12 months, 26.3 times the average for active companies (very high risk).

Insolvency risk, next 12 months

3.06 %
Very high risk
Lowest riskHighest risk

Higher than 99 % of active companies in the United Kingdom. 26.3× the average annual insolvency rate (0.12 %).

Raises the risk

Operating margin4.0×-0.0180698–0.0315141 · 0.47 % became insolvent
Days since last period end3.2×≥ 642 · 0.37 % became insolvent
Employees3.1×3–8 · 0.36 % became insolvent
Accounts filed2.9×3–6 · 0.34 % became insolvent
Current liabilities ÷ assets2.9×0.523499–0.961567 · 0.33 % became insolvent
Current ratio2.7×0.565361–1.20204 · 0.31 % became insolvent

Lowers the risk

Legal form0.2×Community Interest Company · 0.02 % became insolvent
Industry0.6×90 · 0.07 % became insolvent
Late filings0.8×0–1 · 0.09 % became insolvent
Cash ÷ assets0.9×0.578498–0.951833 · 0.10 % became insolvent

Each factor compares companies in the same group (for example the same age band) with the average. The score is a statistical estimate from public data (model AUC 0.99, trained 8 Nov 2026), not a credit rating. How it works.

Company details

Company number
09649796 · official register
Status
Active
Legal form
Community Interest Company
Incorporated
20 Jun 2015 (11 years)
Registered address
EC2Y 8DS LONDON
Postcode area
London East Central
Activity
90010 Performing arts
Industry
Creative, arts and entertainment
Accounts overdue
Yes

Insolvency and register events

No insolvency or liquidation events on record.

Annual accounts GBP

Period endPublishedTurnoverResultEquityTotal assetsCurrent liabilitiesCashEmployees
31 Mar 202415 Jul 2024£124k £212£3,868£65k £61k£50k7
31 Mar 202315 Dec 2023£140k −£26k£3,656£16k £14k£5,0738
31 Mar 202215 Dec 2022£87k £18k£25k£34k £14k£20k7

As published. Small companies often file a balance sheet only, so turnover and result can be missing.

Similar companies in London East Central

Questions about DRUM WORKS CIC

What is the company number of DRUM WORKS CIC?

DRUM WORKS CIC is registered under company number 09649796 in the official register of United Kingdom. View it at the official register.

Is DRUM WORKS CIC still active?

Yes. DRUM WORKS CIC is registered as active (status: Active).

Has DRUM WORKS CIC gone bankrupt or into insolvency?

No insolvency, bankruptcy or administration is recorded for DRUM WORKS CIC in the official data.

How likely is DRUM WORKS CIC to become insolvent?

Our model estimates a 3.06 % probability that DRUM WORKS CIC becomes insolvent within the next 12 months (very high risk). That is higher than 99 % of active companies in the United Kingdom.

When was DRUM WORKS CIC founded?

DRUM WORKS CIC was incorporated on 20 Jun 2015.

Where is DRUM WORKS CIC registered?

DRUM WORKS CIC's registered address is in EC2Y 8DS LONDON (London East Central), United Kingdom.

What do the latest accounts of DRUM WORKS CIC show?

The latest published accounts (period ending 31 Mar 2024) show equity of £3,868, total assets of £65k, turnover of £124k, a result of £212, 7 employees.

Data: Companies House – Free Company Data Product, Accounts Data Product, Public Data API (Contains public sector information licensed under the Open Government Licence v3.0.). Last updated 8 Nov 2026.