Pomanda estimates the enterprise value of FOREMOST FURNITURE LIMITED at £2m based on a Turnover of £5.8m and 0.34x industry multiple (adjusted for size and gross margin).
foremost furniture limitedEstimated Valuation
£1.5m
Pomanda estimates the enterprise value of FOREMOST FURNITURE LIMITED at £1.5m based on an EBITDA of £464.4k and a 3.32x industry multiple (adjusted for size and gross margin).
foremost furniture limitedEstimated Valuation
£3.8m
Pomanda estimates the enterprise value of FOREMOST FURNITURE LIMITED at £3.8m based on Net Assets of £2.3m and 1.61x industry multiple (adjusted for liquidity).
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Foremost Furniture LimitedOverview
Foremost Furniture Limited is a live company located in rossendale, BB4 5HH with a Companies House number of 01173634. It operates in the manufacture of other furniture sector, SIC Code 31090. Founded in June 1974, it's largest shareholder is
ffuk holdings ltd
with a 100% stake. Foremost Furniture Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£5.8m with
high
growth in recent years.
Pomanda's financial health check has awarded Foremost Furniture Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
3 Strong
4 Regular
5 Weak
Size
annual sales of £5.8m, make it smaller than the average company (£12.2m)
£5.8m - Foremost Furniture Limited
£12.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (8%)
20% - Foremost Furniture Limited
8% - Industry AVG
Production
with a gross margin of 31.2%, this company has a comparable cost of product (31.2%)
31.2% - Foremost Furniture Limited
31.2% - Industry AVG
Profitability
an operating margin of 7.5% make it more profitable than the average company (3.7%)
7.5% - Foremost Furniture Limited
3.7% - Industry AVG
Employees
with 62 employees, this is below the industry average (87)
62 - Foremost Furniture Limited
87 - Industry AVG
Pay Structure
on an average salary of £34.2k, the company has an equivalent pay structure (£34.2k)
£34.2k - Foremost Furniture Limited
£34.2k - Industry AVG
Efficiency
resulting in sales per employee of £93.4k, this is less efficient (£128.4k)
£93.4k - Foremost Furniture Limited
£128.4k - Industry AVG
Debtor Days
it gets paid by customers after 57 days, this is later than average (44 days)
57 days - Foremost Furniture Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 42 days, this is close to average (39 days)
42 days - Foremost Furniture Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 42 days, this is in line with average (44 days)
42 days - Foremost Furniture Limited
44 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 5 weeks, this is less cash available to meet short term requirements (14 weeks)
5 weeks - Foremost Furniture Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 43.8%, this is a lower level of debt than the average (55.7%)
43.8% - Foremost Furniture Limited
55.7% - Industry AVG
FOREMOST FURNITURE LIMITED financials
EXPORT
Foremost Furniture Limited's latest turnover from December 2023 is estimated at £5.8 million and the company has net assets of £2.3 million. According to their latest financial statements, Foremost Furniture Limited has 62 employees and maintains cash reserves of £195.3 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
5,791,101
7,562,928
4,485,215
3,392,011
6,287,533
6,722,285
6,432,033
6,610,251
4,756,340
6,920,732
4,066,265
3,039,934
4,343,019
2,503,136
Other Income Or Grants
Cost Of Sales
3,987,062
5,203,518
3,124,053
2,354,462
4,341,047
4,593,795
4,352,458
4,385,513
3,208,856
4,612,356
2,708,187
2,039,321
2,804,651
1,572,160
Gross Profit
1,804,039
2,359,410
1,361,162
1,037,549
1,946,486
2,128,490
2,079,574
2,224,738
1,547,485
2,308,376
1,358,077
1,000,613
1,538,367
930,976
Admin Expenses
1,369,955
1,729,001
1,175,741
1,299,860
1,799,270
1,893,354
1,741,465
1,834,840
1,276,355
1,975,820
1,124,402
923,828
1,497,935
908,859
-85,917
Operating Profit
434,084
630,409
185,421
-262,311
147,216
235,136
338,109
389,898
271,130
332,556
233,675
76,785
40,432
22,117
85,917
Interest Payable
43,526
3,800
2,969
7,761
24,622
28,108
30,997
20,891
731
Interest Receivable
14,199
11,602
576
217
2,157
2,058
1,469
408
484
993
949
673
238
Pre-Tax Profit
404,756
638,211
183,028
-269,855
124,752
209,086
308,581
369,415
270,883
333,549
234,623
77,458
40,670
22,117
85,917
Tax
-101,189
-121,260
-34,775
-23,703
-39,726
-58,630
-73,883
-54,176
-70,045
-53,963
-18,590
-10,574
-6,193
-24,057
Profit After Tax
303,567
516,951
148,253
-269,855
101,049
169,360
249,951
295,532
216,706
263,504
180,660
58,868
30,096
15,924
61,860
Dividends Paid
Retained Profit
303,567
516,951
148,253
-269,855
101,049
169,360
249,951
295,532
216,706
263,504
180,660
58,868
30,096
15,924
61,860
Employee Costs
2,118,213
1,908,973
1,419,820
1,924,858
2,244,127
2,008,220
1,880,237
1,943,399
1,858,196
1,793,906
1,088,723
734,863
1,042,291
670,599
Number Of Employees
62
57
44
62
72
68
66
67
65
65
40
28
40
26
EBITDA*
464,416
652,842
204,799
-242,361
172,235
248,935
359,494
421,037
303,974
350,133
250,862
98,114
54,987
36,464
102,776
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
127,897
56,098
68,002
49,426
53,100
50,707
49,906
66,277
82,073
98,508
79,316
90,825
110,003
57,776
68,979
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
127,897
56,098
68,002
49,426
53,100
50,707
49,906
66,277
82,073
98,508
79,316
90,825
110,003
57,776
68,979
Stock & work in progress
463,985
450,855
470,134
320,706
398,761
650,253
413,014
404,628
404,937
353,427
307,026
242,058
316,242
314,995
292,972
Trade Debtors
913,548
1,602,671
838,119
399,367
1,170,380
1,275,558
1,343,128
1,200,100
914,648
1,288,967
653,195
443,886
650,516
311,604
395,147
Group Debtors
2,332,481
721,776
694,263
542,173
656,096
660,327
539,867
446,337
318,825
Misc Debtors
140,462
115,602
519,258
360,055
191,319
197,180
185,419
336,394
31,981
Cash
195,255
345,642
317,321
143,278
289,844
285,449
263,436
324,261
1,923
191,708
205,551
173,925
95,373
misc current assets
52,078
46,293
total current assets
4,045,731
3,236,546
2,839,095
1,765,579
2,706,400
3,068,767
2,744,864
2,711,720
1,672,314
1,834,102
1,165,772
859,869
1,062,131
678,677
734,412
total assets
4,173,628
3,292,644
2,907,097
1,815,005
2,759,500
3,119,474
2,794,770
2,777,997
1,754,387
1,932,610
1,245,088
950,694
1,172,134
736,453
803,391
Bank overdraft
723,799
10,000
5,000
5,000
Bank loan
Trade Creditors
467,722
655,429
441,279
147,797
449,953
661,353
614,415
540,263
78,742
1,280,266
851,110
726,855
999,648
646,917
728,279
Group/Directors Accounts
other short term finances
204,444
525,087
307,741
643,506
10,000
hp & lease commitments
34,424
10,000
10,000
other current liabilities
539,248
535,096
858,580
232,884
450,898
380,228
489,744
455,704
810,156
total current liabilities
1,765,193
1,210,525
1,314,859
385,681
1,105,295
1,566,668
1,411,900
1,639,473
898,898
1,280,266
851,110
726,855
999,648
646,917
728,279
loans
15,000
25,000
40,000
45,000
2,500
12,500
hp & lease commitments
24,299
5,833
15,833
Accruals and Deferred Income
other liabilities
22,500
30,500
40,500
48,000
provisions
24,070
9,787
11,857
8,029
8,055
7,705
7,129
10,234
12,731
15,209
11,942
12,058
11,668
6,409
7,330
total long term liabilities
63,369
40,620
67,690
53,029
8,055
7,705
7,129
12,734
25,231
37,709
42,442
52,558
59,668
6,409
7,330
total liabilities
1,828,562
1,251,145
1,382,549
438,710
1,113,350
1,574,373
1,419,029
1,652,207
924,129
1,317,975
893,552
779,413
1,059,316
653,326
735,609
net assets
2,345,066
2,041,499
1,524,548
1,376,295
1,646,150
1,545,101
1,375,741
1,125,790
830,258
614,635
351,536
171,281
112,818
83,127
67,782
total shareholders funds
2,345,066
2,041,499
1,524,548
1,376,295
1,646,150
1,545,101
1,375,741
1,125,790
830,258
614,635
351,536
171,281
112,818
83,127
67,782
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
434,084
630,409
185,421
-262,311
147,216
235,136
338,109
389,898
271,130
332,556
233,675
76,785
40,432
22,117
85,917
Depreciation
30,332
22,433
19,378
19,950
25,019
13,799
21,385
31,139
32,844
17,577
17,187
21,329
14,555
14,347
16,859
Amortisation
Tax
-101,189
-121,260
-34,775
-23,703
-39,726
-58,630
-73,883
-54,176
-70,045
-53,963
-18,590
-10,574
-6,193
-24,057
Stock
13,130
-19,279
149,428
-78,055
-251,492
237,239
8,386
-309
51,510
46,401
64,968
-74,184
1,247
22,023
292,972
Debtors
946,442
388,409
750,045
-716,200
-115,270
64,651
85,583
717,377
-23,513
635,772
209,309
-206,630
338,912
-83,543
395,147
Creditors
-187,707
214,150
293,482
-302,156
-211,400
46,938
74,152
461,521
-1,201,524
429,156
124,255
-272,793
352,731
-81,362
728,279
Accruals and Deferred Income
4,152
-323,484
625,696
-218,014
70,670
-109,516
34,040
-354,452
810,156
Deferred Taxes & Provisions
14,283
-2,070
3,828
-26
350
576
-3,105
-2,497
-2,478
3,267
-116
390
5,259
-921
7,330
Cash flow from operations
-765,617
51,048
193,557
31,698
374,914
-154,683
311,982
-265,342
-172,045
30,338
46,761
87,935
62,244
9,508
126,209
Investing Activities
capital expenditure
-102,131
-10,529
-37,954
-16,276
-27,412
-14,600
-5,014
-15,343
-16,409
-36,769
-5,678
-2,151
-66,782
-3,144
-85,838
Change in Investments
cash flow from investments
-102,131
-10,529
-37,954
-16,276
-27,412
-14,600
-5,014
-15,343
-16,409
-36,769
-5,678
-2,151
-66,782
-3,144
-85,838
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
-204,444
-320,643
217,346
-335,765
633,506
10,000
Long term loans
-10,000
-15,000
-5,000
45,000
-2,500
-10,000
12,500
Hire Purchase and Lease Commitments
42,890
-10,000
25,833
other long term liabilities
-22,500
-8,000
-10,000
-7,500
48,000
share issue
-1,083
-405
-405
-405
-405
-579
5,922
interest
-29,327
7,802
-2,393
-7,544
-22,465
-26,050
-29,528
-20,483
-247
993
949
673
238
cash flow from financing
3,563
-17,198
18,440
-166,988
-343,108
191,296
-367,793
603,023
-1,330
-7,412
-9,456
-7,232
47,833
-579
5,922
cash and cash equivalents
cash
-150,387
28,321
174,043
-146,566
4,395
22,013
-60,825
322,338
-189,785
-13,843
31,626
78,552
95,373
overdraft
713,799
5,000
5,000
change in cash
-864,186
23,321
174,043
-151,566
4,395
22,013
-60,825
322,338
-189,785
-13,843
31,626
78,552
95,373
foremost furniture limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for foremost furniture limited. Get real-time insights into foremost furniture limited's credit score, group structure and payment trends.
Perform a competitor analysis for foremost furniture limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in BB4 area or any other competitors across 12 key performance metrics.
foremost furniture limited Ownership
FOREMOST FURNITURE LIMITED group structure
Foremost Furniture Limited has no subsidiary companies.
The sole shareholder of Foremost Furniture Limited is Ffuk Holdings Ltd.
ffuk holdings ltd
100%
foremost furniture limited directors
Foremost Furniture Limited currently has 5 directors.
The longest serving directors include
Mr Haydn Creer (Jan 1999) and
Mrs Stella Collinson (Jan 1999).
the flip no 1, carrs industrial estate, rossendale, lancashire, BB4 5HH
Bank
BARCLAYS BANK PLC
Legal Advisor
-
foremost furniture 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 10 charges/mortgages relating to foremost furniture limited. Currently there are 5 open charges and 5 have been satisfied in the past.
foremost furniture 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.
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foremost furniture limitedCompanies House Filings - See Documents
