firstway ltd
firstway ltd Company Information
Company Number
03277479
Website
giveawaylisting.comRegistered Address
166 stamford hill, london, N16 6QX
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
-
Next Accounts Due
November 2024
Group Structure
View All
Directors
Moses Moskovits27 Years
Shareholders
moses moskowits 50%
bella moskowits 50%
firstway ltd Estimated Valuation
Pomanda estimates the enterprise value of FIRSTWAY LTD at £238.6k based on a Turnover of £74.5k and 3.2x industry multiple (adjusted for size and gross margin).
firstway ltd Estimated Valuation
Pomanda estimates the enterprise value of FIRSTWAY LTD at £2.4m based on an EBITDA of £353.6k and a 6.77x industry multiple (adjusted for size and gross margin).
firstway ltd Estimated Valuation
Pomanda estimates the enterprise value of FIRSTWAY LTD at £2.2m based on Net Assets of £2.3m and 0.99x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Firstway Ltd Overview
Firstway Ltd is a live company located in london, N16 6QX with a Companies House number of 03277479. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in November 1996, it's largest shareholder is moses moskowits with a 50% stake. Firstway Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £74.5k with declining growth in recent years.
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Firstway Ltd Health Check
Pomanda's financial health check has awarded Firstway Ltd 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
2 Strong
2 Regular
7 Weak
Size
annual sales of £74.5k, make it smaller than the average company (£815.1k)
- Firstway Ltd
£815.1k - Industry AVG
Growth
3 year (CAGR) sales growth of -64%, show it is growing at a slower rate (1.5%)
- Firstway Ltd
1.5% - Industry AVG
Production
with a gross margin of 72.2%, this company has a comparable cost of product (72.2%)
- Firstway Ltd
72.2% - Industry AVG
Profitability
an operating margin of 474.7% make it more profitable than the average company (34.5%)
- Firstway Ltd
34.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
- Firstway Ltd
4 - Industry AVG
Pay Structure
on an average salary of £30.6k, the company has an equivalent pay structure (£30.6k)
- Firstway Ltd
£30.6k - Industry AVG
Efficiency
resulting in sales per employee of £74.5k, this is less efficient (£178.1k)
- Firstway Ltd
£178.1k - Industry AVG
Debtor Days
it gets paid by customers after 47 days, this is later than average (33 days)
- Firstway Ltd
33 days - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (35 days)
- Firstway Ltd
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Firstway Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (14 weeks)
2 weeks - Firstway Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 51.7%, this is a lower level of debt than the average (66.9%)
51.7% - Firstway Ltd
66.9% - Industry AVG
FIRSTWAY LTD financials
Firstway Ltd's latest turnover from February 2023 is estimated at £74.5 thousand and the company has net assets of £2.3 million. According to their latest financial statements, we estimate that Firstway Ltd has 1 employee and maintains cash reserves of £11.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 22 | 22 | 23 | 21 | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 300,950 | 2,864,810 | 1,215,158 | 1,253,211 | 1,082,339 | 997,473 | 876,636 | 924,552 | 984,577 | 1,018,870 | 959,104 |
| Intangible Assets | 0 | 0 | 0 | 25,800 | 30,100 | 34,400 | 38,700 | 43,000 | 47,300 | 51,600 | 55,900 | 60,200 | 64,500 | 68,800 |
| Investments & Other | 4,274,828 | 4,270,026 | 4,262,750 | 2,560,686 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,274,828 | 4,270,026 | 4,262,750 | 2,887,436 | 2,894,910 | 1,249,558 | 1,291,911 | 1,125,339 | 1,044,773 | 928,236 | 980,452 | 1,044,777 | 1,083,370 | 1,027,904 |
| Stock & work in progress | 0 | 0 | 0 | 41,500 | 63,521 | 51,250 | 36,152 | 31,024 | 28,145 | 19,983 | 31,243 | 5,258 | 13,213 | 30,241 |
| Trade Debtors | 9,597 | 49,073 | 26,649 | 81,459 | 65,913 | 61,247 | 38,222 | 29,120 | 43,406 | 208,463 | 147,698 | 140,532 | 132,041 | 79,300 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 387,806 | 320,607 | 203,779 | 14,396 | 15,074 | 13,029 | 306 | 12,002 | 3,114 | 0 | 0 | 0 | 0 | 0 |
| Cash | 11,119 | 36,420 | 33,236 | 16,254 | 2,299 | 1,537 | 0 | 866 | 11,698 | 1,341 | 1,341 | 1,788 | 1,341 | 3,386 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 408,522 | 406,100 | 263,664 | 153,609 | 146,807 | 127,063 | 74,680 | 73,012 | 86,363 | 229,787 | 180,282 | 147,578 | 146,595 | 112,927 |
| total assets | 4,683,350 | 4,676,126 | 4,526,414 | 3,041,045 | 3,041,717 | 1,376,621 | 1,366,591 | 1,198,351 | 1,131,136 | 1,158,023 | 1,160,734 | 1,192,355 | 1,229,965 | 1,140,831 |
| Bank overdraft | 0 | 0 | 0 | 0 | 30,747 | 0 | 7,024 | 21,144 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 103,413 | 122,485 | 45,000 | 97,000 | 79,000 | 56,600 | 53,600 | 40,500 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 399 | 301 | 16,997 | 312,795 | 12,120 | 25,204 | 6,389 | 29,817 | 157,611 | 422,968 | 380,186 | 342,202 | 388,084 | 287,225 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 274,202 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 43,388 | 78,794 | 115,184 | 148,500 | 6,606 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 104,046 | 119,364 | 107,114 | 172,445 | 349,605 | 257,047 | 236,387 | 393,119 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 207,858 | 242,150 | 169,111 | 625,628 | 550,266 | 454,035 | 451,900 | 491,186 | 431,813 | 422,968 | 380,186 | 342,202 | 388,084 | 287,225 |
| loans | 1,853,766 | 1,904,506 | 2,038,073 | 2,030,802 | 2,146,000 | 593,049 | 650,452 | 505,711 | 618,372 | 0 | 0 | 0 | 0 | 421,063 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 33,597 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 664,452 | 708,608 | 750,958 | 791,472 | 349,050 |
| provisions | 357,627 | 357,627 | 357,627 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,211,393 | 2,295,730 | 2,495,700 | 2,030,802 | 2,146,000 | 593,049 | 650,452 | 505,711 | 618,372 | 664,452 | 708,608 | 750,958 | 791,472 | 770,113 |
| total liabilities | 2,419,251 | 2,537,880 | 2,664,811 | 2,656,430 | 2,696,266 | 1,047,084 | 1,102,352 | 996,897 | 1,050,185 | 1,087,420 | 1,088,794 | 1,093,160 | 1,179,556 | 1,057,338 |
| net assets | 2,264,099 | 2,138,246 | 1,861,603 | 384,615 | 345,451 | 329,537 | 264,239 | 201,454 | 80,951 | 70,603 | 71,940 | 99,195 | 50,409 | 83,493 |
| total shareholders funds | 2,264,099 | 2,138,246 | 1,861,603 | 384,615 | 345,451 | 329,537 | 264,239 | 201,454 | 80,951 | 70,603 | 71,940 | 99,195 | 50,409 | 83,493 |
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 0 | 0 | 0 | 53,471 | 60,393 | 66,771 | 72,634 | 49,832 | 46,199 | 50,769 | 60,025 | 71,712 | 103,046 | 66,160 |
| Amortisation | 0 | 0 | 0 | 4,300 | 4,300 | 4,300 | 4,300 | 4,300 | 4,300 | 4,300 | 4,300 | 4,300 | 4,300 | 4,300 |
| Tax | ||||||||||||||
| Stock | 0 | 0 | -41,500 | -22,021 | 12,271 | 15,098 | 5,128 | 2,879 | 8,162 | -11,260 | 25,985 | -7,955 | -17,028 | 30,241 |
| Debtors | 27,723 | 139,252 | 134,573 | 14,868 | 6,711 | 35,748 | -2,594 | -5,398 | -161,943 | 60,765 | 7,166 | 8,491 | 52,741 | 79,300 |
| Creditors | 98 | -16,696 | -295,798 | 300,675 | -13,084 | 18,815 | -23,428 | -127,794 | -265,357 | 42,782 | 37,984 | -45,882 | 100,859 | 287,225 |
| Accruals and Deferred Income | -15,318 | 12,250 | -65,331 | -177,160 | 92,558 | 20,660 | -156,732 | 393,119 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 357,627 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 4,802 | 7,276 | 1,702,064 | 2,560,686 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -19,072 | 77,485 | -52,000 | 18,000 | 22,400 | 3,000 | 13,100 | 40,500 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -274,202 | 274,202 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -50,740 | -133,567 | 7,271 | -115,198 | 1,552,951 | -57,403 | 144,741 | -112,661 | 618,372 | 0 | 0 | 0 | -421,063 | 421,063 |
| Hire Purchase and Lease Commitments | 0 | 0 | -43,388 | -35,406 | -36,390 | -33,316 | 141,894 | 6,606 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -33,597 | -66,403 | 100,000 | 0 | 0 | 0 | 0 | 0 | -664,452 | -44,156 | -42,350 | -40,514 | 442,422 | 349,050 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -25,301 | 3,184 | 16,982 | 13,955 | 762 | 1,537 | -866 | -10,832 | 10,357 | 0 | -447 | 447 | -2,045 | 3,386 |
| overdraft | 0 | 0 | 0 | -30,747 | 30,747 | -7,024 | -14,120 | 21,144 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -25,301 | 3,184 | 16,982 | 44,702 | -29,985 | 8,561 | 13,254 | -31,976 | 10,357 | 0 | -447 | 447 | -2,045 | 3,386 |
firstway ltd Credit Report and Business Information
Firstway Ltd Competitor Analysis
Perform a competitor analysis for firstway ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in N16 area or any other competitors across 12 key performance metrics.
firstway ltd Ownership
FIRSTWAY LTD group structure
Firstway Ltd has 1 subsidiary company.
firstway ltd directors
Firstway Ltd currently has 1 director, Mr Moses Moskovits serving since Nov 1996.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Moses Moskovits | United Kingdom | 56 years | Nov 1996 | - | Director |
P&L
February 2023turnover
74.5k
-77%
operating profit
353.6k
0%
gross margin
72.2%
+1.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
2.3m
+0.06%
total assets
4.7m
0%
cash
11.1k
-0.69%
net assets
Total assets minus all liabilities
Similar Companies
firstway ltd company details
company number
03277479
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
November 1996
age
28
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
February 2023
address
166 stamford hill, london, N16 6QX
accountant
-
auditor
-
firstway ltd 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 firstway ltd. Currently there are 2 open charges and 8 have been satisfied in the past.
firstway ltd Companies House Filings - See Documents
| date | description | view/download |
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