Pomanda estimates the enterprise value of FIRSTLIGHT PRODUCTS LIMITED at £1.3m based on a Turnover of £4m and 0.33x industry multiple (adjusted for size and gross margin).
firstlight products limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of FIRSTLIGHT PRODUCTS LIMITED at £0 based on an EBITDA of £-78.7k and a 3.31x industry multiple (adjusted for size and gross margin).
firstlight products limitedEstimated Valuation
£6.1m
Pomanda estimates the enterprise value of FIRSTLIGHT PRODUCTS LIMITED at £6.1m based on Net Assets of £3.9m and 1.59x industry multiple (adjusted for liquidity).
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Firstlight Products LimitedOverview
Firstlight Products Limited is a live company located in milton keynes, MK12 6HS with a Companies House number of 01513210. It operates in the wholesale of furniture, carpets and lighting equipment sector, SIC Code 46470. Founded in August 1980, it's largest shareholder is
gerald furst
with a 90% stake. Firstlight Products Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£4m with
declining
growth in recent years.
Pomanda's financial health check has awarded Firstlight Products Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
2 Strong
3 Regular
7 Weak
Size
annual sales of £4m, make it smaller than the average company (£15.4m)
£4m - Firstlight Products Limited
£15.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (5.7%)
-1% - Firstlight Products Limited
5.7% - Industry AVG
Production
with a gross margin of 29.7%, this company has a comparable cost of product (29.7%)
29.7% - Firstlight Products Limited
29.7% - Industry AVG
Profitability
an operating margin of -2.6% make it less profitable than the average company (1.8%)
-2.6% - Firstlight Products Limited
1.8% - Industry AVG
Employees
with 21 employees, this is below the industry average (42)
21 - Firstlight Products Limited
42 - Industry AVG
Pay Structure
on an average salary of £38.2k, the company has an equivalent pay structure (£38.2k)
£38.2k - Firstlight Products Limited
£38.2k - Industry AVG
Efficiency
resulting in sales per employee of £191.3k, this is less efficient (£350.4k)
£191.3k - Firstlight Products Limited
£350.4k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is near the average (40 days)
38 days - Firstlight Products Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (32 days)
4 days - Firstlight Products Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 132 days, this is more than average (75 days)
132 days - Firstlight Products Limited
75 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 459 weeks, this is more cash available to meet short term requirements (10 weeks)
459 weeks - Firstlight Products Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 6.7%, this is a lower level of debt than the average (49.6%)
6.7% - Firstlight Products Limited
49.6% - Industry AVG
FIRSTLIGHT PRODUCTS LIMITED financials
EXPORT
Firstlight Products Limited's latest turnover from March 2024 is estimated at £4 million and the company has net assets of £3.9 million. According to their latest financial statements, Firstlight Products Limited has 21 employees and maintains cash reserves of £2.4 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
4,017,006
4,299,247
4,202,147
4,101,733
3,937,790
4,544,486
4,538,540
4,169,356
3,479,739
3,390,412
3,944,265
3,190,355
3,568,924
3,896,421
3,855,520
Other Income Or Grants
Cost Of Sales
2,822,243
3,089,358
2,983,385
2,918,141
2,812,849
3,178,384
3,269,885
2,941,829
2,488,900
2,414,256
2,796,457
2,262,704
2,596,428
2,784,630
2,814,901
Gross Profit
1,194,763
1,209,889
1,218,761
1,183,592
1,124,941
1,366,102
1,268,654
1,227,526
990,839
976,156
1,147,808
927,651
972,496
1,111,791
1,040,619
Admin Expenses
1,299,478
1,180,044
937,326
517,193
1,129,707
1,092,728
774,324
948,910
661,608
752,565
1,038,373
979,076
924,801
1,132,635
-1,183,705
Operating Profit
-104,715
29,845
281,435
666,399
-4,766
273,374
494,330
278,616
329,231
223,591
109,435
-51,425
47,695
-20,844
2,224,324
Interest Payable
Interest Receivable
122,985
89,893
15,148
1,778
1,468
10,128
5,196
1,820
2,954
2,491
2,204
2,251
1,783
1,999
1,380
Pre-Tax Profit
18,271
119,738
296,583
668,178
-3,298
283,502
499,526
280,436
332,185
226,082
111,639
-49,174
49,478
-18,845
2,225,704
Tax
-4,568
-22,750
-56,351
-126,954
-53,865
-94,910
-56,087
-66,437
-47,477
-25,677
-12,864
-623,197
Profit After Tax
13,703
96,988
240,232
541,224
-3,298
229,637
404,616
224,349
265,748
178,605
85,962
-49,174
36,614
-18,845
1,602,507
Dividends Paid
Retained Profit
13,703
96,988
240,232
541,224
-3,298
229,637
404,616
224,349
265,748
178,605
85,962
-49,174
36,614
-18,845
1,602,507
Employee Costs
801,509
733,201
729,029
696,174
838,300
844,582
835,934
842,385
419,970
408,864
571,823
425,161
522,216
531,079
526,728
Number Of Employees
21
21
22
22
26
28
29
29
15
14
18
14
18
20
20
EBITDA*
-78,693
47,871
308,840
701,305
37,922
329,610
538,464
332,935
380,527
255,834
138,351
-24,518
79,630
30,349
2,252,413
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
85,415
60,927
77,950
94,104
137,312
180,363
142,545
171,963
164,325
107,976
97,921
93,295
105,556
148,670
95,359
Intangible Assets
800
800
800
800
800
800
800
800
800
800
800
800
800
800
800
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
86,215
61,727
78,750
94,904
138,112
181,163
143,345
172,763
165,125
108,776
98,721
94,095
106,356
149,470
96,159
Stock & work in progress
1,024,531
1,166,487
1,376,860
1,037,018
919,205
936,404
978,195
849,114
836,967
815,122
668,366
663,214
670,523
752,584
700,005
Trade Debtors
425,619
591,007
678,526
747,149
610,973
695,716
721,820
659,205
687,708
657,189
730,918
625,488
630,072
713,371
575,042
Group Debtors
Misc Debtors
165,094
86,032
132,228
128,955
134,397
158,537
39,302
190,965
156,837
Cash
2,426,941
2,258,212
1,972,037
2,067,463
1,489,244
1,447,266
1,253,645
824,624
631,708
549,807
446,531
434,908
465,654
247,586
551,988
misc current assets
total current assets
4,042,185
4,101,738
4,159,651
3,980,585
3,153,819
3,237,923
2,992,962
2,523,908
2,313,220
2,022,118
1,845,815
1,723,610
1,766,249
1,713,541
1,827,035
total assets
4,128,400
4,163,465
4,238,401
4,075,489
3,291,931
3,419,086
3,136,307
2,696,671
2,478,345
2,130,894
1,944,536
1,817,705
1,872,605
1,863,011
1,923,194
Bank overdraft
Bank loan
Trade Creditors
36,262
76,077
189,742
184,158
139,498
179,355
55,643
79,998
94,037
290,225
282,472
241,603
247,329
274,349
313,537
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
238,270
247,223
305,482
388,386
190,712
274,712
345,282
285,907
277,891
total current liabilities
274,532
323,300
495,224
572,544
330,210
454,067
400,925
365,905
371,928
290,225
282,472
241,603
247,329
274,349
313,537
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
2,150
provisions
total long term liabilities
2,150
total liabilities
274,532
323,300
495,224
572,544
330,210
454,067
400,925
365,905
371,928
290,225
282,472
241,603
247,329
274,349
315,687
net assets
3,853,868
3,840,165
3,743,177
3,502,945
2,961,721
2,965,019
2,735,382
2,330,766
2,106,417
1,840,669
1,662,064
1,576,102
1,625,276
1,588,662
1,607,507
total shareholders funds
3,853,868
3,840,165
3,743,177
3,502,945
2,961,721
2,965,019
2,735,382
2,330,766
2,106,417
1,840,669
1,662,064
1,576,102
1,625,276
1,588,662
1,607,507
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
-104,715
29,845
281,435
666,399
-4,766
273,374
494,330
278,616
329,231
223,591
109,435
-51,425
47,695
-20,844
2,224,324
Depreciation
26,022
18,026
27,405
34,906
42,688
56,236
44,134
54,319
51,296
32,243
28,916
26,907
31,935
51,193
28,089
Amortisation
Tax
-4,568
-22,750
-56,351
-126,954
-53,865
-94,910
-56,087
-66,437
-47,477
-25,677
-12,864
-623,197
Stock
-141,956
-210,373
339,842
117,813
-17,199
-41,791
129,081
12,147
21,845
146,756
5,152
-7,309
-82,061
52,579
700,005
Debtors
-86,326
-133,715
-65,350
130,734
-108,883
93,131
-89,048
5,625
187,356
-73,729
105,430
-4,584
-83,299
138,329
575,042
Creditors
-39,815
-113,665
5,584
44,660
-39,857
123,712
-24,355
-14,039
-196,188
7,753
40,869
-5,726
-27,020
-39,188
313,537
Accruals and Deferred Income
-8,953
-58,259
-82,904
197,674
-84,000
-70,570
59,375
8,016
277,891
Deferred Taxes & Provisions
Cash flow from operations
96,253
197,285
-99,323
568,138
40,147
277,547
438,541
253,053
186,592
143,083
42,961
-18,351
205,106
-199,747
667,706
Investing Activities
capital expenditure
-50,510
-1,003
-11,251
8,302
363
-94,054
-14,716
-61,957
-107,645
-42,298
-33,542
-14,646
11,179
-104,504
-124,248
Change in Investments
cash flow from investments
-50,510
-1,003
-11,251
8,302
363
-94,054
-14,716
-61,957
-107,645
-42,298
-33,542
-14,646
11,179
-104,504
-124,248
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-2,150
2,150
share issue
5,000
interest
122,985
89,893
15,148
1,778
1,468
10,128
5,196
1,820
2,954
2,491
2,204
2,251
1,783
1,999
1,380
cash flow from financing
122,985
89,893
15,148
1,778
1,468
10,128
5,196
1,820
2,954
2,491
2,204
2,251
1,783
-151
8,530
cash and cash equivalents
cash
168,729
286,175
-95,426
578,219
41,978
193,621
429,021
192,916
81,901
103,276
11,623
-30,746
218,068
-304,402
551,988
overdraft
change in cash
168,729
286,175
-95,426
578,219
41,978
193,621
429,021
192,916
81,901
103,276
11,623
-30,746
218,068
-304,402
551,988
firstlight products 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 firstlight products limited. Get real-time insights into firstlight products limited's credit score, group structure and payment trends.
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firstlight products limited Ownership
FIRSTLIGHT PRODUCTS LIMITED group structure
Firstlight Products Limited has no subsidiary companies.
Ultimate parent company
FIRSTLIGHT PRODUCTS LIMITED
01513210
FIRSTLIGHT PRODUCTS LIMITED Shareholders
The largest shareholders in Firstlight Products Limited include Gerald Furst and Spencer Gerald Furst.
gerald furst
90%
spencer gerald furst
10%
firstlight products limited directors
Firstlight Products Limited currently has 1 director, Mr Spencer Furst serving since Apr 2008.
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 2 charges/mortgages relating to firstlight products limited. Currently there are 0 open charges and 2 have been satisfied in the past.
firstlight products 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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firstlight products limitedCompanies House Filings - See Documents
