foremost furniture limited
foremost furniture limited Company Information
Company Number
01173634
Next Accounts
Sep 2025
Shareholders
ffuk holdings ltd
Group Structure
View All
Industry
Manufacture of other furniture
Registered Address
the flip no 1, carrs industrial estate, rossendale, lancashire, BB4 5HH
Website
www.foremost-furniture.co.ukforemost furniture limited Estimated Valuation
Pomanda estimates the enterprise value of FOREMOST FURNITURE LIMITED at £1.9m based on a Turnover of £5.8m and 0.33x industry multiple (adjusted for size and gross margin).
foremost furniture limited Estimated Valuation
Pomanda estimates the enterprise value of FOREMOST FURNITURE LIMITED at £1.6m based on an EBITDA of £464.4k and a 3.5x industry multiple (adjusted for size and gross margin).
foremost furniture limited Estimated Valuation
Pomanda estimates the enterprise value of FOREMOST FURNITURE LIMITED at £4.3m based on Net Assets of £2.3m and 1.82x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Foremost Furniture Limited Overview
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.
Upgrade for unlimited company reports & a free credit check
Foremost Furniture Limited Health Check
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
3 Strong
4 Regular
5 Weak
Size
annual sales of £5.8m, make it smaller than the average company (£12.2m)
- Foremost Furniture Limited
£12.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (8%)
- Foremost Furniture Limited
8% - Industry AVG
Production
with a gross margin of 31.2%, this company has a comparable cost of product (31.2%)
- Foremost Furniture Limited
31.2% - Industry AVG
Profitability
an operating margin of 7.5% make it more profitable than the average company (3.9%)
- Foremost Furniture Limited
3.9% - 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 £34.8k, the company has an equivalent pay structure (£34.8k)
- Foremost Furniture Limited
£34.8k - Industry AVG
Efficiency
resulting in sales per employee of £93.9k, this is less efficient (£130.3k)
- Foremost Furniture Limited
£130.3k - Industry AVG
Debtor Days
it gets paid by customers after 57 days, this is later than average (44 days)
- Foremost Furniture Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 42 days, this is close to average (40 days)
- Foremost Furniture Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 42 days, this is in line with average (44 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
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 | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 62 | 57 | 44 | 62 | 72 | 68 | 66 | 67 | 65 | ||||||
| EBITDA* |
* 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 | |||||||||||||||
| 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 | |||||||||||||||
| 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 | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| 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 | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| 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
Foremost Furniture Limited Competitor Analysis
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.
Ultimate parent company
2 parents
FOREMOST FURNITURE LIMITED
01173634
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).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Haydn Creer | England | 60 years | Jan 1999 | - | Director |
| Mrs Stella Collinson | England | 61 years | Jan 1999 | - | Director |
| Mrs Antonia Creer | England | 60 years | May 2004 | - | Director |
| Mr Mark Conboy | England | 65 years | Jul 2023 | - | Director |
| Mr Joshua Dawson | 31 years | Jul 2023 | - | Director |
P&L
December 2023turnover
5.8m
-23%
operating profit
434.1k
0%
gross margin
31.2%
-0.53%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2.3m
+0.15%
total assets
4.2m
+0.27%
cash
195.3k
-0.44%
net assets
Total assets minus all liabilities
foremost furniture limited company details
company number
01173634
Type
Private limited with Share Capital
industry
31090 - Manufacture of other furniture
incorporation date
June 1974
age
51
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
FACT3
auditor
-
address
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 9 charges/mortgages relating to foremost furniture limited. Currently there are 4 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.
Click to start generating capital raising & share issue transactions for FOREMOST FURNITURE LIMITED. This can take several minutes, an email will notify you when this has completed.
foremost furniture limited Companies House Filings - See Documents
| date | description | view/download |
|---|
