First Management Limited

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first management limited Company Information

Company Number

02708226

Next Accounts

Aug 2025

Directors

Mark Kelly

Shareholders

forbes corroon (holdings) ltd

Group Structure

View All

Industry

Development of building projects

Registered Address

regis house, regis business centre, bognor regis, west sussex, PO22 9QT

Website

first.emeraldinsight.com

first management limited Estimated Valuation

£6.5m

Pomanda estimates the enterprise value of FIRST MANAGEMENT LIMITED at £6.5m based on Net Assets of £4.6m and 1.41x industry multiple (adjusted for liquidity).

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First Management Limited is a live company located in bognor regis, PO22 9QT with a Companies House number of 02708226. It operates in the development of building projects sector, SIC Code 41100. Founded in April 1992, it's largest shareholder is forbes corroon (holdings) ltd with a 100% stake. First Management Limited is a mature, small sized company, Pomanda has estimated its turnover at £934.1k with declining growth in recent years.

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Pomanda's financial health check has awarded First Management Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £934.1k, make it smaller than the average company (£2.2m)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (3.9%)

EXPORT

First Management Limited's latest turnover from November 2023 is estimated at £934.1 thousand and the company has net assets of £4.6 million. According to their latest financial statements, First Management Limited has 8 employees and maintains cash reserves of £221 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	934,131	882,668	866,598	1,042,997	856,901	1,089,395	1,330,170	980,929	19,556,412	17,593,726	13,214,653	12,544,951	11,102,780	9,308,362
Other Income Or Grants
Cost Of Sales	686,269	655,751	661,085	775,475	623,359	775,091	930,038	685,619	13,710,307	12,574,252	9,463,200	9,004,620	8,065,340	6,740,289
Gross Profit	247,863	226,917	205,513	267,522	233,541	314,304	400,132	295,310	5,846,106	5,019,474	3,751,453	3,540,331	3,037,440	2,568,073
Admin Expenses	-558,190	-481,470	632,574	-313,289	1,265,475	-409,085	-339,925	-539,051	5,520,615	4,182,912	3,724,371	3,477,868	2,387,087	2,017,707	-958,991
Operating Profit	806,053	708,387	-427,061	580,811	-1,031,934	723,389	740,057	834,361	325,491	836,562	27,082	62,463	650,353	550,366	958,991
Interest Payable
Interest Receivable	13,221	9,357	317	275	1,783	1,440	1,028	667	1,219	1,066	1,025	838	708	629	300
Pre-Tax Profit	819,273	717,744	-426,744	581,086	-1,030,151	724,830	741,085	835,028	326,710	837,628	28,106	63,301	651,061	550,994	959,292
Tax	-204,818	-136,371		-110,406		-137,718	-140,806	-167,005	-65,342	-175,902	-6,464	-15,192	-169,276	-154,278	-268,602
Profit After Tax	614,455	581,373	-426,744	470,680	-1,030,151	587,112	600,279	668,022	261,368	661,726	21,642	48,109	481,785	396,716	690,690
Dividends Paid
Retained Profit	614,455	581,373	-426,744	470,680	-1,030,151	587,112	600,279	668,022	261,368	661,726	21,642	48,109	481,785	396,716	690,690
Employee Costs	378,731	315,837	307,669	302,214	298,246	294,992	249,701	287,903	2,586,027	2,306,198	1,747,148	1,757,551	1,664,702	1,410,133
Number Of Employees	8	7	7	7	7	7	6	7	65	62	49	49	48	42
EBITDA*	837,443	731,660	-399,734	600,908	-1,011,397	742,927	765,805	861,829	352,203	855,372	48,996	85,604	675,795	564,752	971,502

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	78,766	65,717	58,894	51,603	56,327	46,574	66,890	68,275	66,381	44,764	58,628	65,209	74,234	33,820	30,372
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	78,766	65,717	58,894	51,603	56,327	46,574	66,890	68,275	66,381	44,764	58,628	65,209	74,234	33,820	30,372
Stock & work in progress
Trade Debtors	76,679	88,449	94,287	105,709	57,071	107,297	180,562	85,378	2,598,729	2,466,210	1,736,164	1,750,974	1,698,188	1,280,447	848,244
Group Debtors	4,549,037	3,944,037	3,284,037	3,784,037	3,303,820	4,352,712	3,800,773	3,070,273
Misc Debtors	8,518	6,601	8,352	8,170	23,487	23,751	15,227	99,777
Cash	220,983	282,662	341,143	292,960	256,929	218,641	165,429	245,947	287,270	200,174	226,278	183,553	151,702	131,409	120,145
misc current assets
total current assets	4,855,217	4,321,749	3,727,819	4,190,876	3,641,307	4,702,401	4,161,991	3,501,375	2,885,999	2,666,384	1,962,442	1,934,527	1,849,890	1,411,856	968,389
total assets	4,933,983	4,387,466	3,786,713	4,242,479	3,697,634	4,748,975	4,228,881	3,569,650	2,952,380	2,711,148	2,021,070	1,999,736	1,924,124	1,445,676	998,761
Bank overdraft
Bank loan
Trade Creditors	3,282	8,397	5,718	32,425	32,585	35,546	27,832	25,672	390,244	410,380	382,028	382,336	354,833	358,170	307,971
Group/Directors Accounts	13,523	13,523	13,523	13,523	13,523
other short term finances
hp & lease commitments
other current liabilities	290,016	352,839	336,138	338,453	264,128	295,880	370,612	313,820
total current liabilities	306,821	374,759	355,379	384,401	310,236	331,426	398,444	339,492	390,244	410,380	382,028	382,336	354,833	358,170	307,971
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities	306,821	374,759	355,379	384,401	310,236	331,426	398,444	339,492	390,244	410,380	382,028	382,336	354,833	358,170	307,971
net assets	4,627,162	4,012,707	3,431,334	3,858,078	3,387,398	4,417,549	3,830,437	3,230,158	2,562,136	2,300,768	1,639,042	1,617,400	1,569,291	1,087,506	690,790
total shareholders funds	4,627,162	4,012,707	3,431,334	3,858,078	3,387,398	4,417,549	3,830,437	3,230,158	2,562,136	2,300,768	1,639,042	1,617,400	1,569,291	1,087,506	690,790

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	806,053	708,387	-427,061	580,811	-1,031,934	723,389	740,057	834,361	325,491	836,562	27,082	62,463	650,353	550,366	958,991
Depreciation	31,390	23,273	27,327	20,097	20,537	19,538	25,748	27,468	26,712	18,810	21,914	23,141	25,442	14,386	12,511
Amortisation
Tax	-204,818	-136,371		-110,406		-137,718	-140,806	-167,005	-65,342	-175,902	-6,464	-15,192	-169,276	-154,278	-268,602
Stock
Debtors	595,147	652,411	-511,240	513,538	-1,099,382	487,198	741,134	656,699	132,519	730,046	-14,810	52,786	417,741	432,203	848,244
Creditors	-5,115	2,679	-26,707	-160	-2,961	7,714	2,160	-364,572	-20,136	28,352	-308	27,503	-3,337	50,199	307,971
Accruals and Deferred Income	-62,823	16,701	-2,315	74,325	-31,752	-74,732	56,792	313,820
Deferred Taxes & Provisions
Cash flow from operations	-30,460	-37,742	82,484	51,129	53,272	50,993	-57,183	-12,627	134,206	-22,224	57,034	45,129	85,441	28,470	162,627
Investing Activities
capital expenditure	-44,439	-30,096	-34,618	-15,373	-30,290	778	-24,363	-29,362	-48,329	-4,946	-15,333	-14,116	-65,856	-17,834	-42,883
Change in Investments
cash flow from investments	-44,439	-30,096	-34,618	-15,373	-30,290	778	-24,363	-29,362	-48,329	-4,946	-15,333	-14,116	-65,856	-17,834	-42,883
Financing Activities
Bank loans
Group/Directors Accounts					13,523
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue															100
interest	13,221	9,357	317	275	1,783	1,440	1,028	667	1,219	1,066	1,025	838	708	629	300
cash flow from financing	13,221	9,357	317	275	15,306	1,440	1,028	667	1,219	1,066	1,025	838	708	629	400
cash and cash equivalents
cash	-61,679	-58,481	48,183	36,031	38,288	53,212	-80,518	-41,323	87,096	-26,104	42,725	31,851	20,293	11,264	120,145
overdraft
change in cash	-61,679	-58,481	48,183	36,031	38,288	53,212	-80,518	-41,323	87,096	-26,104	42,725	31,851	20,293	11,264	120,145

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FIRST MANAGEMENT LIMITED group structure

First Management Limited has no subsidiary companies.

Ultimate parent company

FORBES CORROON (HOLDINGS) LTD

#0020533

1 parent

FIRST MANAGEMENT LIMITED

02708226

FIRST MANAGEMENT LIMITED Shareholders

forbes corroon (holdings) ltd

100%

First Management Limited currently has 1 director, Mr Mark Kelly serving since Feb 1998.

officer	country	age	start	end	role
Mr Mark Kelly	England	60 years	Feb 1998	-	Director

P&L

November 2023

turnover

934.1k

+6%

operating profit

806.1k

gross margin

26.6%

+3.21%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

November 2023

net assets

4.6m

+0.15%

total assets

4.9m

+0.12%

cash

221k

-0.22%

net assets

Total assets minus all liabilities

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company number

02708226

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

April 1992

ultimate parent company

FORBES CORROON (HOLDINGS) LTD

previous names

N/A

address

regis house, regis business centre, bognor regis, west sussex, PO22 9QT

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first management limited Company Information

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first management limited Estimated Valuation

first management limited Estimated Valuation

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