setfirst limited
setfirst limited Company Information
Company Number
02332323
Next Accounts
Sep 2025
Shareholders
glaxosmithkline finance plc
Group Structure
View All
Industry
Activities of head offices
Registered Address
79 new oxford street, london, WC1A 1DG
Website
http://gsk.comsetfirst limited Estimated Valuation
Pomanda estimates the enterprise value of SETFIRST LIMITED at £0 based on a Turnover of £0 and 0.49x industry multiple (adjusted for size and gross margin).
setfirst limited Estimated Valuation
Pomanda estimates the enterprise value of SETFIRST LIMITED at £2.9b based on an EBITDA of £745.7m and a 3.89x industry multiple (adjusted for size and gross margin).
setfirst limited Estimated Valuation
Pomanda estimates the enterprise value of SETFIRST LIMITED at £15.7b based on Net Assets of £7.4b and 2.11x industry multiple (adjusted for liquidity).
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Setfirst Limited Overview
Setfirst Limited is a live company located in london, WC1A 1DG with a Companies House number of 02332323. It operates in the activities of head offices sector, SIC Code 70100. Founded in January 1989, it's largest shareholder is glaxosmithkline finance plc with a 100% stake. Setfirst Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Setfirst Limited Health Check
Pomanda's financial health check has awarded Setfirst Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 2 areas for improvement. Company Health Check FAQs
0 Strong
1 Regular
2 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - Setfirst Limited
- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Setfirst Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - Setfirst Limited
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - Setfirst Limited
- - Industry AVG
Employees
with 1 employees, this is below the industry average (110)
- Setfirst Limited
- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Setfirst Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
- Setfirst Limited
- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Setfirst Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Setfirst Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Setfirst Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)
- - Setfirst Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 59.5%, this is a similar level of debt than the average (55.6%)
- - Setfirst Limited
- - Industry AVG
SETFIRST LIMITED financials
Setfirst Limited's latest turnover from December 2023 is 0 and the company has net assets of £7.4 billion. According to their latest financial statements, we estimate that Setfirst Limited has 1 employee and maintains cash reserves of £14 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 | -5,173,000 | -35,973,000 | |||||||||||||
| Operating Profit | 745,744,000 | 388,706,000 | -261,269,000 | 1,095,683,000 | -102,290,000 | 75,690,000 | 1,851,255,000 | 1,022,528,000 | -162,510,000 | -1,118,772,000 | -7,510,755,000 | 5,173,000 | 7,396,000 | -5,695,000 | 35,973,000 |
| Interest Payable | 485,428,000 | 210,313,000 | 102,354,000 | 146,294,000 | 248,493,000 | 239,932,000 | 169,485,000 | 139,568,000 | 141,000,000 | 126,311,000 | 141,946,000 | 226,832,000 | 268,884,000 | 222,015,000 | 271,751,000 |
| Interest Receivable | 228,515,000 | 140,109,000 | 54,071,000 | 47,644,000 | 99,343,000 | 93,279,000 | 26,582,000 | 42,349,000 | 30,409,000 | 14,865,000 | 15,199,000 | 14,714,000 | 5,578,000 | 21,420,000 | 30,500,000 |
| Pre-Tax Profit | 488,831,000 | 318,502,000 | -309,552,000 | 997,033,000 | -251,440,000 | -70,963,000 | 1,708,756,000 | 934,937,000 | -273,101,000 | -848,186,000 | 2,907,859,000 | 9,598,196,000 | 3,010,111,000 | 2,401,271,000 | 8,145,538,000 |
| Tax | 56,120,000 | 9,615,000 | 6,120,000 | 9,066,000 | 5,406,000 | -12,529,000 | 22,545,000 | 12,880,000 | 135,044,000 | 83,213,000 | 26,016,000 | -89,796,000 | -19,468,000 | 31,677,000 | -71,261,000 |
| Profit After Tax | 544,951,000 | 328,117,000 | -303,432,000 | 1,006,099,000 | -246,034,000 | -83,492,000 | 1,731,301,000 | 947,817,000 | -138,057,000 | -764,973,000 | 2,933,875,000 | 9,508,400,000 | 2,990,643,000 | 2,432,948,000 | 8,074,277,000 |
| Dividends Paid | 500,000,000 | 1,000,000,000 | 2,000,000,000 | 5,000,000,000 | 16,700,731,000 | 16,700,731,000 | 5,000,000,000 | 5,000,000,000 | 1,246,198,000 | 169,000 | 10,150,000,000 | 5,500,000,000 | 13,746,119,000 | ||
| Retained Profit | 44,951,000 | -671,883,000 | -2,303,432,000 | -3,993,901,000 | -16,946,765,000 | -16,784,223,000 | -3,268,699,000 | -4,052,183,000 | -138,057,000 | -2,011,171,000 | 2,933,706,000 | -641,600,000 | -2,509,357,000 | 2,432,948,000 | -5,671,842,000 |
| Employee Costs | |||||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* | 745,744,000 | 388,706,000 | -261,269,000 | 1,095,683,000 | -102,290,000 | 75,690,000 | 1,851,255,000 | 1,022,528,000 | -162,510,000 | -1,118,772,000 | -7,510,755,000 | 5,173,000 | 7,396,000 | -5,695,000 | 35,973,000 |
* 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 | |||||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 18,027,177,000 | 18,046,419,000 | 17,465,430,000 | 21,774,919,000 | 24,570,746,000 | 35,279,774,000 | 35,512,802,000 | 34,455,463,000 | 33,354,969,000 | 23,536,814,000 | 27,554,062,000 | 23,616,221,000 | 27,954,158,000 | 26,185,531,000 | 17,828,106,000 |
| Debtors (Due After 1 year) | 3,191,558,000 | 88,000,000 | 87,500,000 | 107,226,000 | 182,863,000 | 242,768,000 | 144,000 | ||||||||
| Total Fixed Assets | 18,027,177,000 | 21,237,977,000 | 17,465,430,000 | 21,774,919,000 | 24,570,746,000 | 35,367,774,000 | 35,600,302,000 | 34,562,689,000 | 33,537,832,000 | 23,779,582,000 | 27,554,206,000 | 23,616,221,000 | 27,954,158,000 | 26,185,531,000 | 17,828,106,000 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | |||||||||||||||
| Group Debtors | 264,192,000 | 5,870,000 | 3,167,706,000 | 3,725,000 | 4,520,000 | 9,862,806,000 | 25,905,000 | 124,253,000 | 80,101,000 | 470,122,000 | 41,000 | 17,220,000 | 16,675,000 | 1,403,844,000 | 7,548,155,000 |
| Misc Debtors | 59,021,000 | 12,774,000 | 9,049,000 | 7,584,000 | 441,000 | 25,285,000 | 10,116,000 | 16,515,000 | 61,333,000 | 45,368,000 | 10,574,000 | 22,068,000 | 40,818,000 | 3,593,000 | |
| Cash | 14,000 | 1,616,000 | 18,000 | 266,000 | 14,000 | 11,000 | 749,000 | 10,000 | 11,000 | 8,000 | 8,000 | 4,000 | 4,000 | 3,000 | 3,000 |
| misc current assets | 20,446,000 | 23,625,000 | 150,806,000 | 96,265,000 | 29,985,000 | 80,364,000 | 4,588,000 | 5,962,000 | |||||||
| total current assets | 343,673,000 | 43,885,000 | 3,327,579,000 | 100,256,000 | 42,103,000 | 9,943,622,000 | 56,527,000 | 140,341,000 | 96,627,000 | 531,463,000 | 45,417,000 | 27,798,000 | 38,747,000 | 1,444,665,000 | 7,551,751,000 |
| total assets | 18,370,850,000 | 21,281,862,000 | 20,793,009,000 | 21,875,175,000 | 24,612,849,000 | 45,311,396,000 | 35,656,829,000 | 34,703,030,000 | 33,634,459,000 | 24,311,045,000 | 27,599,623,000 | 23,644,019,000 | 27,992,905,000 | 27,630,196,000 | 25,379,857,000 |
| Bank overdraft | 227,000 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | |||||||||||||||
| Group/Directors Accounts | 5,673,148,000 | 7,023,961,000 | 7,728,354,000 | 9,472,887,000 | 7,967,403,000 | 22,647,876,000 | 15,452,339,000 | 13,387,482,000 | 7,663,480,000 | 1,316,815,000 | 2,902,895,000 | 1,946,562,000 | 5,690,170,000 | 198,464,000 | 5,273,580,000 |
| other short term finances | 1,003,627,000 | 1,546,826,000 | 53,910,000 | 71,672,000 | 84,865,000 | 38,171,000 | 25,703,000 | 51,962,000 | 54,852,000 | 10,824,000 | |||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 67,861,000 | 167,579,000 | 1,018,000 | 4,013,000 | 15,282,000 | 34,990,000 | 4,612,000 | 113,926,000 | 174,142,000 | 170,205,000 | 32,638,000 | 39,437,000 | 118,647,000 | ||
| total current liabilities | 6,744,636,000 | 8,738,366,000 | 7,783,282,000 | 9,548,572,000 | 8,067,550,000 | 22,721,037,000 | 15,478,042,000 | 13,444,283,000 | 7,718,332,000 | 1,441,565,000 | 3,077,037,000 | 2,116,767,000 | 5,722,808,000 | 237,901,000 | 5,392,227,000 |
| loans | 4,193,186,000 | 5,153,493,000 | 4,949,900,000 | 5,299,807,000 | 8,644,173,000 | 6,799,856,000 | 4,304,551,000 | 2,114,808,000 | 2,731,157,000 | 2,879,360,000 | 2,354,602,000 | 2,297,173,000 | 2,354,602,000 | 4,962,733,000 | |
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 67,000 | 593,000 | 138,000 | 60,000 | 242,000 | 290,000 | 302,000 | 591,000 | 1,029,000 | 380,000 | |||||
| total long term liabilities | 4,193,253,000 | 5,154,086,000 | 4,950,038,000 | 5,299,867,000 | 8,644,415,000 | 6,800,146,000 | 4,304,853,000 | 2,115,399,000 | 2,732,186,000 | 2,879,740,000 | 2,354,602,000 | 2,297,173,000 | 2,354,602,000 | 4,962,733,000 | |
| total liabilities | 10,937,889,000 | 13,892,452,000 | 12,733,320,000 | 14,848,439,000 | 16,711,965,000 | 29,521,183,000 | 19,782,895,000 | 15,559,682,000 | 10,450,518,000 | 4,321,305,000 | 5,431,639,000 | 4,413,940,000 | 8,077,410,000 | 5,200,634,000 | 5,392,227,000 |
| net assets | 7,432,961,000 | 7,389,410,000 | 8,059,689,000 | 7,026,736,000 | 7,900,884,000 | 15,790,213,000 | 15,873,934,000 | 19,143,348,000 | 23,183,941,000 | 19,989,740,000 | 22,167,984,000 | 19,230,079,000 | 19,915,495,000 | 22,429,562,000 | 19,987,630,000 |
| total shareholders funds | 7,432,961,000 | 7,389,410,000 | 8,059,689,000 | 7,026,736,000 | 7,900,884,000 | 15,790,213,000 | 15,873,934,000 | 19,143,348,000 | 23,183,941,000 | 19,989,740,000 | 22,167,984,000 | 19,230,079,000 | 19,915,495,000 | 22,429,562,000 | 19,987,630,000 |
| 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 | 745,744,000 | 388,706,000 | -261,269,000 | 1,095,683,000 | -102,290,000 | 75,690,000 | 1,851,255,000 | 1,022,528,000 | -162,510,000 | -1,118,772,000 | -7,510,755,000 | 5,173,000 | 7,396,000 | -5,695,000 | 35,973,000 |
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | 56,120,000 | 9,615,000 | 6,120,000 | 9,066,000 | 5,406,000 | -12,529,000 | 22,545,000 | 12,880,000 | 135,044,000 | 83,213,000 | 26,016,000 | -89,796,000 | -19,468,000 | 31,677,000 | -71,261,000 |
| Stock | |||||||||||||||
| Debtors | -2,886,989,000 | 33,447,000 | 3,173,030,000 | -8,379,000 | -9,939,143,000 | 9,812,557,000 | -102,905,000 | -37,884,000 | -494,744,000 | 728,670,000 | 17,759,000 | -10,949,000 | -1,405,919,000 | -6,107,086,000 | 7,551,748,000 |
| Creditors | |||||||||||||||
| Accruals and Deferred Income | -99,718,000 | 166,561,000 | -2,995,000 | -11,269,000 | -19,708,000 | 34,990,000 | -4,612,000 | 4,612,000 | -113,926,000 | -60,216,000 | 3,937,000 | 137,567,000 | -6,799,000 | -79,210,000 | 118,647,000 |
| Deferred Taxes & Provisions | -526,000 | 455,000 | 78,000 | -182,000 | -48,000 | -12,000 | -289,000 | -438,000 | 649,000 | 380,000 | |||||
| Cash flow from operations | 3,588,609,000 | 531,890,000 | -3,431,096,000 | 1,101,677,000 | 9,822,503,000 | -9,714,418,000 | 1,971,804,000 | 1,077,466,000 | 354,001,000 | -1,824,065,000 | -7,498,561,000 | 63,893,000 | 1,387,048,000 | 6,053,858,000 | -7,468,389,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -19,242,000 | 580,989,000 | -4,309,489,000 | -2,795,827,000 | -10,709,028,000 | -233,028,000 | 1,057,339,000 | 1,100,494,000 | 9,818,155,000 | -4,017,248,000 | 3,937,841,000 | -4,337,937,000 | 1,768,627,000 | 8,357,425,000 | 17,828,106,000 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -1,350,813,000 | -704,393,000 | -1,744,533,000 | 1,505,484,000 | -14,680,473,000 | 7,195,537,000 | 2,064,857,000 | 5,724,002,000 | 6,346,665,000 | -1,586,080,000 | 956,333,000 | -3,743,608,000 | 5,491,706,000 | -5,075,116,000 | 5,273,580,000 |
| Other Short Term Loans | -543,199,000 | 1,492,916,000 | -17,762,000 | -13,193,000 | 46,694,000 | 12,468,000 | -26,259,000 | -2,890,000 | 44,028,000 | 10,824,000 | |||||
| Long term loans | -960,307,000 | 203,593,000 | -349,907,000 | -3,344,366,000 | 1,844,317,000 | 2,495,305,000 | 2,189,743,000 | -616,349,000 | -148,203,000 | 524,758,000 | 57,429,000 | -57,429,000 | -2,608,131,000 | 4,962,733,000 | |
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -256,913,000 | -70,204,000 | -48,283,000 | -98,650,000 | -149,150,000 | -146,653,000 | -142,903,000 | -97,219,000 | -110,591,000 | -111,446,000 | -126,747,000 | -212,118,000 | -263,306,000 | -200,595,000 | -241,251,000 |
| cash flow from financing | -3,112,632,000 | 923,516,000 | 1,175,900,000 | 1,169,028,000 | -3,881,176,000 | 26,257,159,000 | 4,084,723,000 | 5,019,134,000 | 9,464,157,000 | -1,329,017,000 | 891,214,000 | -4,056,971,000 | 2,615,559,000 | -303,994,000 | 30,691,801,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -1,602,000 | 1,598,000 | -248,000 | 252,000 | 3,000 | -738,000 | 739,000 | -1,000 | 3,000 | 4,000 | 1,000 | 3,000 | |||
| overdraft | -227,000 | 227,000 | |||||||||||||
| change in cash | -1,602,000 | 1,598,000 | -248,000 | 252,000 | 3,000 | -738,000 | 966,000 | -228,000 | 3,000 | 4,000 | 1,000 | 3,000 |
setfirst limited Credit Report and Business Information
Setfirst Limited Competitor Analysis
Perform a competitor analysis for setfirst limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mature companies, companies in WC1A area or any other competitors across 12 key performance metrics.
setfirst limited Ownership
SETFIRST LIMITED group structure
Setfirst Limited has 4 subsidiary companies.
Ultimate parent company
2 parents
SETFIRST LIMITED
02332323
4 subsidiaries
setfirst limited directors
Setfirst Limited currently has 3 directors. The longest serving directors include Mr Adam Walker (Feb 2015) and Mr Iain MacKay (May 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adam Walker | United Kingdom | 57 years | Feb 2015 | - | Director |
| Mr Iain MacKay | England | 63 years | May 2019 | - | Director |
| Mrs Julie Brown | United Kingdom | 63 years | May 2023 | - | Director |
P&L
December 2023turnover
0
0%
operating profit
745.7m
+92%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
7.4b
+0.01%
total assets
18.4b
-0.14%
cash
14k
-0.99%
net assets
Total assets minus all liabilities
setfirst limited company details
company number
02332323
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
January 1989
age
36
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
DELOITTE LLP
address
79 new oxford street, london, WC1A 1DG
Bank
-
Legal Advisor
-
setfirst 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 did not find charges/mortgages relating to setfirst limited.
setfirst limited Capital Raised & Share Issues BETA
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setfirst limited Companies House Filings - See Documents
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