first scottish searching services limited
first scottish searching services limited Company Information
Company Number
01026946
Next Accounts
Sep 2025
Shareholders
first scottish group ltd
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
phenna group, the poynt, 45 wollaton street, nottingham, NG1 5FW
Website
www.firstscottish.comfirst scottish searching services limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST SCOTTISH SEARCHING SERVICES LIMITED at £9.1m based on a Turnover of £10.2m and 0.9x industry multiple (adjusted for size and gross margin).
first scottish searching services limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST SCOTTISH SEARCHING SERVICES LIMITED at £21m based on an EBITDA of £3.2m and a 6.56x industry multiple (adjusted for size and gross margin).
first scottish searching services limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST SCOTTISH SEARCHING SERVICES LIMITED at £9.4m based on Net Assets of £4.4m and 2.13x industry multiple (adjusted for liquidity).
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First Scottish Searching Services Limited Overview
First Scottish Searching Services Limited is a live company located in nottingham, NG1 5FW with a Companies House number of 01026946. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in October 1971, it's largest shareholder is first scottish group ltd with a 100% stake. First Scottish Searching Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.2m with low growth in recent years.
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First Scottish Searching Services Limited Health Check
Pomanda's financial health check has awarded First Scottish Searching Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
3 Weak
Size
annual sales of £10.2m, make it larger than the average company (£4.8m)
£10.2m - First Scottish Searching Services Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (6.7%)
3% - First Scottish Searching Services Limited
6.7% - Industry AVG
Production
with a gross margin of 62.5%, this company has a lower cost of product (38.2%)
62.5% - First Scottish Searching Services Limited
38.2% - Industry AVG
Profitability
an operating margin of 30.7% make it more profitable than the average company (5.7%)
30.7% - First Scottish Searching Services Limited
5.7% - Industry AVG
Employees
with 88 employees, this is above the industry average (27)
88 - First Scottish Searching Services Limited
27 - Industry AVG
Pay Structure
on an average salary of £36.5k, the company has a lower pay structure (£53.9k)
£36.5k - First Scottish Searching Services Limited
£53.9k - Industry AVG
Efficiency
resulting in sales per employee of £115.5k, this is less efficient (£171.3k)
£115.5k - First Scottish Searching Services Limited
£171.3k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is near the average (42 days)
36 days - First Scottish Searching Services Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is quicker than average (32 days)
23 days - First Scottish Searching Services Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - First Scottish Searching Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 34 weeks, this is more cash available to meet short term requirements (22 weeks)
34 weeks - First Scottish Searching Services Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 19.4%, this is a lower level of debt than the average (62.6%)
19.4% - First Scottish Searching Services Limited
62.6% - Industry AVG
FIRST SCOTTISH SEARCHING SERVICES LIMITED financials
First Scottish Searching Services Limited's latest turnover from December 2023 is £10.2 million and the company has net assets of £4.4 million. According to their latest financial statements, First Scottish Searching Services Limited has 88 employees and maintains cash reserves of £700.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 10,160,590 | 10,996,015 | 11,634,796 | 9,294,225 | 6,532,415 | 10,826,817 | 11,027,020 | 9,971,507 | 8,929,448 | 7,649,355 | 7,202,943 | 6,043,678 | 5,788,027 | 5,062,623 | 4,740,831 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 3,814,532 | 4,034,405 | 4,181,260 | 3,254,910 | 2,294,792 | 3,724,039 | 4,088,512 | 3,657,353 | 3,248,748 | 2,483,099 | 2,190,967 | 1,844,112 | 1,803,931 | 1,529,556 | 1,271,200 |
| Gross Profit | 6,346,058 | 6,961,610 | 7,453,536 | 6,039,315 | 4,237,623 | 7,102,778 | 6,938,508 | 6,314,154 | 5,680,700 | 5,166,256 | 5,011,976 | 4,199,566 | 3,984,096 | 3,533,067 | 3,469,631 |
| Admin Expenses | 6,923,340 | 4,327,283 | 4,081,142 | 3,685,382 | 3,365,321 | 3,272,659 | 2,919,700 | 2,645,940 | 2,558,268 | 2,838,681 | |||||
| Operating Profit | 179,438 | 2,611,225 | 2,233,012 | 1,995,318 | 1,800,935 | 1,739,317 | 1,279,866 | 1,338,156 | 974,799 | 630,950 | |||||
| Interest Payable | 183 | 7,792 | 34,795 | 32,245 | 69,537 | 83,499 | 95,374 | 104,718 | 158,255 | ||||||
| Interest Receivable | 302 | ||||||||||||||
| Pre-Tax Profit | 2,426,151 | 3,106,227 | 3,715,003 | 2,892,169 | 1,860,246 | 179,255 | 2,611,225 | 2,225,220 | 1,960,523 | 1,768,690 | 1,669,780 | 1,196,367 | 1,242,782 | 870,081 | 472,997 |
| Tax | -53,555 | -347,821 | -470,653 | -428,309 | -357,441 | -74,410 | -516,543 | -461,748 | -261,618 | -407,443 | -386,760 | -271,157 | -308,066 | -243,659 | -118,126 |
| Profit After Tax | 2,372,596 | 2,758,406 | 3,244,350 | 2,463,860 | 1,502,805 | 104,845 | 2,094,682 | 1,763,472 | 1,698,905 | 1,361,247 | 1,283,020 | 925,210 | 934,716 | 626,422 | 354,871 |
| Dividends Paid | 2,250,000 | 2,950,000 | 3,000,000 | 1,975,000 | 1,000,000 | 1,000,000 | 1,000,000 | 900,000 | 900,000 | 900,000 | 350,000 | ||||
| Retained Profit | 122,596 | -191,594 | 244,350 | 488,860 | 502,805 | -895,155 | 2,094,682 | 1,763,472 | 1,698,905 | 361,247 | 383,020 | 25,210 | 34,716 | 276,422 | 354,871 |
| Employee Costs | 3,209,636 | 3,122,432 | 3,045,147 | 2,850,036 | 1,793,020 | 5,881,196 | 3,203,261 | 2,580,562 | 2,373,786 | 2,337,079 | 2,053,768 | 1,742,475 | 1,528,075 | 1,192,507 | |
| Number Of Employees | 88 | 85 | 81 | 89 | 93 | 94 | 96 | 88 | 90 | 86 | 83 | 82 | 83 | 76 | 70 |
| EBITDA* | 497,492 | 3,013,367 | 2,630,994 | 2,379,973 | 2,012,910 | 1,909,338 | 1,493,322 | 1,565,269 | 1,292,814 | 1,030,597 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 209,757 | 53,270 | 110,029 | 187,840 | 268,237 | 170,211 | 174,515 | 285,781 | 428,713 | 456,696 | 364,293 | 190,725 | 303,262 | 254,437 | 385,554 |
| Intangible Assets | 85,997 | 341,045 | 596,093 | 851,141 | 1,106,189 | 1,955,333 | 2,082,857 | 2,247,864 | 2,420,388 | 3,035,817 | |||||
| Investments & Other | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Debtors (Due After 1 year) | 1,365 | ||||||||||||||
| Total Fixed Assets | 209,759 | 54,637 | 110,031 | 187,842 | 268,239 | 256,210 | 515,562 | 881,876 | 1,279,856 | 1,562,887 | 2,319,628 | 2,273,584 | 2,551,128 | 2,674,827 | 3,421,373 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 1,023,750 | 1,024,167 | 1,270,284 | 1,281,028 | 1,113,577 | 1,230,240 | 1,294,637 | 1,341,573 | 994,878 | 942,825 | 772,426 | 811,841 | 748,927 | 666,756 | 618,629 |
| Group Debtors | 2,914,490 | 2,751,584 | 2,895,721 | 2,891,780 | 2,718,498 | 2,488,376 | 2,193,025 | 650,239 | 740,089 | 389,598 | 97,157 | 877,827 | 1,258,974 | 692,015 | 658,819 |
| Misc Debtors | 607,271 | 404,728 | 395,022 | 82,497 | 97,301 | 172,492 | 152,693 | 133,228 | 229,577 | 105,216 | 160,557 | 197,650 | 135,764 | 168,266 | 82,176 |
| Cash | 700,783 | 1,139,814 | 1,157,720 | 1,448,908 | 1,333,112 | 897,630 | 1,964,411 | 1,457,234 | 533,668 | 255,539 | 316,570 | 161 | 352 | 163 | 300 |
| misc current assets | |||||||||||||||
| total current assets | 5,246,294 | 5,320,293 | 5,718,747 | 5,704,213 | 5,262,488 | 4,788,738 | 5,604,766 | 3,582,274 | 2,498,212 | 1,693,178 | 1,346,710 | 1,887,479 | 2,144,017 | 1,527,200 | 1,359,924 |
| total assets | 5,456,053 | 5,374,930 | 5,828,778 | 5,892,055 | 5,530,727 | 5,044,948 | 6,120,328 | 4,464,150 | 3,778,068 | 3,256,065 | 3,666,338 | 4,161,063 | 4,695,145 | 4,202,027 | 4,781,297 |
| Bank overdraft | 327,752 | 104,657 | 510,950 | 1,724,737 | 1,898,763 | 2,172,213 | |||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 246,548 | 270,162 | 260,087 | 263,116 | 259,752 | 327,797 | 364,614 | 395,040 | 397,681 | 358,518 | 486,033 | 418,178 | 327,701 | 322,495 | 453,072 |
| Group/Directors Accounts | 520,840 | 284,676 | 1,109,408 | 1,354,644 | 2,304,427 | 1,680,965 | 1,213,996 | 1,354,627 | |||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 26,697 | 7,250 | 86,789 | ||||||||||||
| other current liabilities | 804,954 | 830,568 | 1,094,343 | 1,386,613 | 1,536,271 | 1,483,997 | 1,621,462 | 1,485,266 | 1,021,001 | 1,083,112 | 1,135,004 | 759,806 | 758,454 | 635,573 | 458,242 |
| total current liabilities | 1,051,502 | 1,100,730 | 1,354,430 | 1,649,729 | 1,796,023 | 1,811,794 | 1,986,076 | 2,401,146 | 1,703,358 | 2,878,790 | 3,080,338 | 3,993,361 | 4,518,554 | 4,078,077 | 4,524,943 |
| loans | |||||||||||||||
| hp & lease commitments | 34,099 | 16,174 | |||||||||||||
| Accruals and Deferred Income | 425,000 | ||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 7,755 | 8,554 | 20,882 | 2,120 | 3,375 | 9,318 | 32,752 | 57,930 | 59,400 | 35,278 | |||||
| total long term liabilities | 7,755 | 8,554 | 20,882 | 2,120 | 3,375 | 9,318 | 32,752 | 57,930 | 59,400 | 35,278 | 34,099 | 16,174 | 425,000 | ||
| total liabilities | 1,059,257 | 1,100,730 | 1,362,984 | 1,670,611 | 1,798,143 | 1,815,169 | 1,995,394 | 2,433,898 | 1,761,288 | 2,938,190 | 3,115,616 | 3,993,361 | 4,552,653 | 4,094,251 | 4,949,943 |
| net assets | 4,396,796 | 4,274,200 | 4,465,794 | 4,221,444 | 3,732,584 | 3,229,779 | 4,124,934 | 2,030,252 | 2,016,780 | 317,875 | 550,722 | 167,702 | 142,492 | 107,776 | -168,646 |
| total shareholders funds | 4,396,796 | 4,274,200 | 4,465,794 | 4,221,444 | 3,732,584 | 3,229,779 | 4,124,934 | 2,030,252 | 2,016,780 | 317,875 | 550,722 | 167,702 | 142,492 | 107,776 | -168,646 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 179,438 | 2,611,225 | 2,233,012 | 1,995,318 | 1,800,935 | 1,739,317 | 1,279,866 | 1,338,156 | 974,799 | 630,950 | |||||
| Depreciation | 87,402 | 83,676 | 77,811 | 80,397 | 37,260 | 63,006 | 147,094 | 142,934 | 129,607 | 84,451 | 42,497 | 48,449 | 54,589 | 145,545 | 255,491 |
| Amortisation | 85,997 | 255,048 | 255,048 | 255,048 | 255,048 | 127,524 | 127,524 | 165,007 | 172,524 | 172,470 | 144,156 | ||||
| Tax | -53,555 | -347,821 | -470,653 | -428,309 | -357,441 | -74,410 | -516,543 | -461,748 | -261,618 | -407,443 | -386,760 | -271,157 | -308,066 | -243,659 | -118,126 |
| Stock | |||||||||||||||
| Debtors | 363,667 | -379,183 | 305,722 | 325,929 | 289,021 | 250,753 | 1,515,315 | 160,496 | 526,905 | 407,499 | -857,178 | -256,347 | 616,628 | 167,413 | 1,359,624 |
| Creditors | -23,614 | 10,075 | -3,029 | 3,364 | -104,862 | -36,817 | -30,426 | -2,641 | 39,163 | -127,515 | 67,855 | 90,477 | 5,206 | -130,577 | 453,072 |
| Accruals and Deferred Income | -25,614 | -263,775 | -292,270 | -149,658 | -85,191 | -137,465 | 136,196 | 464,265 | -62,111 | -51,892 | 375,198 | 1,352 | 122,881 | -247,669 | 883,242 |
| Deferred Taxes & Provisions | 7,755 | -8,554 | -12,328 | 18,762 | -7,198 | -5,943 | -23,434 | -25,178 | -1,470 | 24,122 | 35,278 | ||||
| Cash flow from operations | -7,896 | 1,063,845 | 2,445,196 | 1,567,032 | 1,042,683 | 2,858,087 | 1,570,341 | 768,662 | 503,496 | 889,161 | |||||
| Investing Activities | |||||||||||||||
| capital expenditure | -135,286 | -58,702 | -35,828 | -101,624 | -176,854 | -19,618 | -29,767 | -2,573,837 | |||||||
| Change in Investments | 2 | ||||||||||||||
| cash flow from investments | -135,286 | -58,702 | -35,828 | -101,624 | -176,854 | -19,618 | -29,767 | -2,573,839 | |||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -520,840 | 236,164 | -824,732 | -245,236 | -949,783 | 623,462 | 466,969 | -140,631 | 1,354,627 | ||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | -60,796 | 37,372 | -63,365 | 86,789 | |||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -183 | -7,792 | -34,795 | -32,245 | -69,537 | -83,499 | -95,374 | -104,718 | -157,953 | ||||||
| cash flow from financing | -895,155 | -183 | -520,840 | -1,521,628 | -859,527 | -871,575 | -1,019,320 | 479,167 | 408,967 | -308,714 | 759,946 | ||||
| cash and cash equivalents | |||||||||||||||
| cash | -439,031 | -17,906 | -291,188 | 115,796 | -631,299 | -1,066,781 | 507,177 | 923,566 | 278,129 | -61,031 | 316,409 | -191 | 189 | -137 | 300 |
| overdraft | -327,752 | 223,095 | -406,293 | -1,213,787 | -174,026 | -273,450 | 2,172,213 | ||||||||
| change in cash | -439,031 | -17,906 | -291,188 | 115,796 | -631,299 | -1,066,781 | 507,177 | 923,566 | 605,881 | -284,126 | 722,702 | 1,213,596 | 174,215 | 273,313 | -2,171,913 |
first scottish searching services limited Credit Report and Business Information
First Scottish Searching Services Limited Competitor Analysis
Perform a competitor analysis for first scottish searching services limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in NG1 area or any other competitors across 12 key performance metrics.
first scottish searching services limited Ownership
FIRST SCOTTISH SEARCHING SERVICES LIMITED group structure
First Scottish Searching Services Limited has 1 subsidiary company.
Ultimate parent company
2 parents
FIRST SCOTTISH SEARCHING SERVICES LIMITED
01026946
1 subsidiary
first scottish searching services limited directors
First Scottish Searching Services Limited currently has 4 directors. The longest serving directors include Mrs Sarah Lowe (Oct 2024) and Ms Lorna Innes (Oct 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Sarah Lowe | United Kingdom | 37 years | Oct 2024 | - | Director |
| Ms Lorna Innes | 58 years | Oct 2024 | - | Director | |
| Ms Samantha Burton | Scotland | 55 years | Oct 2024 | - | Director |
| Mr Michael Andrews | United Kingdom | 56 years | Oct 2024 | - | Director |
P&L
December 2023turnover
10.2m
-8%
operating profit
3.1m
0%
gross margin
62.5%
-1.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
4.4m
+0.03%
total assets
5.5m
+0.02%
cash
700.8k
-0.39%
net assets
Total assets minus all liabilities
first scottish searching services limited company details
company number
01026946
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
October 1971
age
54
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
intelco leasing limited (August 1990)
accountant
-
auditor
THOMSON COOPER
address
phenna group, the poynt, 45 wollaton street, nottingham, NG1 5FW
Bank
BANK OF SCOTLAND
Legal Advisor
-
first scottish searching services limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 8 charges/mortgages relating to first scottish searching services limited. Currently there are 0 open charges and 8 have been satisfied in the past.
first scottish searching services limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for FIRST SCOTTISH SEARCHING SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.
first scottish searching services limited Companies House Filings - See Documents
| date | description | view/download |
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