the first mailing company limited

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the first mailing company limited Company Information

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Company Number

03618405

Directors

Stuart Searle

Shareholders

mr stuart michael searle

mrs amanda searle

Group Structure

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Industry

Printing (other than printing of newspapers and printing on labels and tags) n.e.c.

 

Registered Address

11 glebe road, huntingdon, cambridgeshire, PE29 7HH

the first mailing company limited Estimated Valuation

£570.9k

Pomanda estimates the enterprise value of THE FIRST MAILING COMPANY LIMITED at £570.9k based on a Turnover of £1.6m and 0.35x industry multiple (adjusted for size and gross margin).

the first mailing company limited Estimated Valuation

£0

Pomanda estimates the enterprise value of THE FIRST MAILING COMPANY LIMITED at £0 based on an EBITDA of £-11.8k and a 2.83x industry multiple (adjusted for size and gross margin).

the first mailing company limited Estimated Valuation

£244.2k

Pomanda estimates the enterprise value of THE FIRST MAILING COMPANY LIMITED at £244.2k based on Net Assets of £158.7k and 1.54x industry multiple (adjusted for liquidity).

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The First Mailing Company Limited Overview

The First Mailing Company Limited is a live company located in cambridgeshire, PE29 7HH with a Companies House number of 03618405. It operates in the printing n.e.c. sector, SIC Code 18129. Founded in August 1998, it's largest shareholder is mr stuart michael searle with a 76% stake. The First Mailing Company Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with healthy growth in recent years.

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The First Mailing Company Limited Health Check

Pomanda's financial health check has awarded The First Mailing Company Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

4 Regular

positive_score

5 Weak

size

Size

annual sales of £1.6m, make it smaller than the average company (£10.4m)

£1.6m - The First Mailing Company Limited

£10.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (7.1%)

13% - The First Mailing Company Limited

7.1% - Industry AVG

production

Production

with a gross margin of 29.3%, this company has a comparable cost of product (29.3%)

29.3% - The First Mailing Company Limited

29.3% - Industry AVG

profitability

Profitability

an operating margin of -3.9% make it less profitable than the average company (4%)

-3.9% - The First Mailing Company Limited

4% - Industry AVG

employees

Employees

with 17 employees, this is below the industry average (61)

17 - The First Mailing Company Limited

61 - Industry AVG

paystructure

Pay Structure

on an average salary of £37.6k, the company has an equivalent pay structure (£37.6k)

£37.6k - The First Mailing Company Limited

£37.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £94.9k, this is less efficient (£144.4k)

£94.9k - The First Mailing Company Limited

£144.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 45 days, this is near the average (49 days)

45 days - The First Mailing Company Limited

49 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 49 days, this is quicker than average (56 days)

49 days - The First Mailing Company Limited

56 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - The First Mailing Company Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 29 weeks, this is more cash available to meet short term requirements (9 weeks)

29 weeks - The First Mailing Company Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 70.9%, this is a similar level of debt than the average (66.3%)

70.9% - The First Mailing Company Limited

66.3% - Industry AVG

THE FIRST MAILING COMPANY LIMITED financials

EXPORTms excel logo

The First Mailing Company Limited's latest turnover from March 2024 is estimated at £1.6 million and the company has net assets of £158.7 thousand. According to their latest financial statements, The First Mailing Company Limited has 17 employees and maintains cash reserves of £140.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover1,613,0481,335,2871,360,0531,106,2031,195,1791,314,4701,282,1181,407,4381,434,9601,937,9951,676,3261,463,0121,648,5021,542,9391,288,245
Other Income Or Grants000000000000000
Cost Of Sales1,140,366918,498947,602771,303832,176902,370866,178920,526936,1411,268,0091,110,566956,3941,036,291956,260813,719
Gross Profit472,681416,789412,451334,900363,003412,100415,940486,912498,819669,986565,760506,618612,211586,679474,526
Admin Expenses536,144446,203480,965299,375281,768497,983476,452462,702475,432676,849525,583458,371529,677559,876198,352
Operating Profit-63,463-29,414-68,51435,52581,235-85,883-60,51224,21023,387-6,86340,17748,24782,53426,803276,174
Interest Payable8,43812,17210,0414,57500000000000
Interest Receivable8,94612,6692,611247172953616294386334346340300308180
Pre-Tax Profit-62,955-28,917-75,94331,19881,407-84,930-59,89624,50423,773-6,52940,52348,58782,83427,111276,354
Tax000-5,928-15,46700-4,901-4,7540-9,320-11,661-21,537-7,591-77,379
Profit After Tax-62,955-28,917-75,94325,27065,940-84,930-59,89619,60319,018-6,52931,20336,92661,29719,520198,975
Dividends Paid000000000000000
Retained Profit-62,955-28,917-75,94325,27065,940-84,930-59,89619,60319,018-6,52931,20336,92661,29719,520198,975
Employee Costs639,289624,535589,248563,114596,527614,146551,509607,142568,201562,371489,446428,333479,827466,452428,320
Number Of Employees171717171718171918181614161514
EBITDA*-11,78852,29113,67556,70196,076-71,218-42,28538,89435,6624,51952,09260,39196,53738,965288,873

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets185,325231,500146,751215,75070,92764,91887,55398,99581,63192,87679,76987,484107,28193,54497,256
Intangible Assets000000000000000
Investments & Other10010010010010010010010010010010010010000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets185,425231,600146,851215,85071,02765,01887,65399,09581,73192,97679,86987,584107,38193,54497,256
Stock & work in progress000000000000000
Trade Debtors202,494126,467185,576157,059168,313196,885218,485240,961255,994418,285368,729321,019346,353324,230259,199
Group Debtors00000091,83485,4800000000
Misc Debtors16,60614,28314,46314,2155,2578504,4554,272123,017000000
Cash140,212200,580395,598300,708193,914150,872103,334142,92991,99062,30071,17767,41668,63551,18372,090
misc current assets000000000000000
total current assets359,312341,330595,637471,982367,484348,607418,108473,642471,001480,585439,906388,435414,988375,413331,289
total assets544,737572,930742,488687,832438,511413,625505,761572,737552,732573,561519,775476,019522,369468,957428,545
Bank overdraft000000000000000
Bank loan30,00030,00030,000000000000000
Trade Creditors 153,169190,950222,42344,64765,68699,117102,241109,62796,937218,788158,334145,724226,807238,318216,671
Group/Directors Accounts00000011,18312,5330000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities60,89221,77995,65285,87458,39468,04656,40552,42978,091000000
total current liabilities244,061242,729348,075130,521124,080167,163169,829174,589175,028218,788158,334145,724226,807238,318216,671
loans30,00060,000117,500150,00000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities74,0006501,30047,3892,6003,2503,9004,5505,200000000
provisions37,99447,91425,05933,42510,6047,92511,81513,48511,99413,28113,42013,47715,67012,04412,799
total long term liabilities141,994108,564143,859230,81413,20411,17515,71518,03517,19413,28113,42013,47715,67012,04412,799
total liabilities386,055351,293491,934361,335137,284178,338185,544192,624192,222232,069171,754159,201242,477250,362229,470
net assets158,682221,637250,554326,497301,227235,287320,217380,113360,510341,492348,021316,818279,892218,595199,075
total shareholders funds158,682221,637250,554326,497301,227235,287320,217380,113360,510341,492348,021316,818279,892218,595199,075
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-63,463-29,414-68,51435,52581,235-85,883-60,51224,21023,387-6,86340,17748,24782,53426,803276,174
Depreciation51,67581,70582,18921,17614,84114,66518,22714,68412,27511,38211,91512,14414,00312,16212,699
Amortisation000000000000000
Tax000-5,928-15,46700-4,901-4,7540-9,320-11,661-21,537-7,591-77,379
Stock000000000000000
Debtors78,350-59,28928,765-2,296-24,165-117,039-15,939-48,298-39,27449,55647,710-25,33422,12365,031259,199
Creditors-37,781-31,473177,776-21,039-33,431-3,124-7,38612,690-121,85160,45412,610-81,083-11,51121,647216,671
Accruals and Deferred Income39,113-73,8739,77827,480-9,65211,6413,976-25,66278,091000000
Deferred Taxes & Provisions-9,92022,855-8,36622,8212,679-3,890-1,6701,491-1,287-139-57-2,1933,626-75512,799
Cash flow from operations-98,72629,089164,09882,33164,37050,448-31,42670,81025,13515,2787,615-9,21244,992-12,765181,765
Investing Activities
capital expenditure-5,500-166,454-13,190-165,999-20,8507,970-6,785-32,048-1,030-24,489-4,2007,653-27,740-8,450-109,955
Change in Investments00000000000010000
cash flow from investments-5,500-166,454-13,190-165,999-20,8507,970-6,785-32,048-1,030-24,489-4,2007,653-27,840-8,450-109,955
Financing Activities
Bank loans0030,000000000000000
Group/Directors Accounts00000-11,183-1,35012,5330000000
Other Short Term Loans 000000000000000
Long term loans-30,000-57,500-32,500150,00000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities73,350-650-46,08944,789-650-650-650-6505,200000000
share issue00000000000000100
interest508497-7,430-4,328172953616294386334346340300308180
cash flow from financing43,858-57,653-56,019190,461-478-10,880-1,38412,1775,586334346340300308280
cash and cash equivalents
cash-60,368-195,01894,890106,79443,04247,538-39,59550,93929,690-8,8773,761-1,21917,452-20,90772,090
overdraft000000000000000
change in cash-60,368-195,01894,890106,79443,04247,538-39,59550,93929,690-8,8773,761-1,21917,452-20,90772,090

the first mailing company limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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The First Mailing Company Limited Competitor Analysis

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Perform a competitor analysis for the first mailing company limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in PE29 area or any other competitors across 12 key performance metrics.

the first mailing company limited Ownership

THE FIRST MAILING COMPANY LIMITED group structure

The First Mailing Company Limited has 1 subsidiary company.

Ultimate parent company

THE FIRST MAILING COMPANY LIMITED

03618405

1 subsidiary

THE FIRST MAILING COMPANY LIMITED Shareholders

mr stuart michael searle 76%
mrs amanda searle 24%

the first mailing company limited directors

The First Mailing Company Limited currently has 1 director, Mr Stuart Searle serving since Aug 1998.

officercountryagestartendrole
Mr Stuart SearleEngland56 years Aug 1998- Director

P&L

March 2024

turnover

1.6m

+21%

operating profit

-63.5k

0%

gross margin

29.4%

-6.12%

turnover

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

Balance Sheet

March 2024

net assets

158.7k

-0.28%

total assets

544.7k

-0.05%

cash

140.2k

-0.3%

net assets

Total assets minus all liabilities

the first mailing company limited company details

company number

03618405

Type

Private limited with Share Capital

industry

18129 - Printing (other than printing of newspapers and printing on labels and tags) n.e.c.

incorporation date

August 1998

age

27

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

GEORGE HAY PARTNERSHIP LLP

auditor

-

address

11 glebe road, huntingdon, cambridgeshire, PE29 7HH

Bank

-

Legal Advisor

-

the first mailing company 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 1 charges/mortgages relating to the first mailing company limited. Currently there are 1 open charges and 0 have been satisfied in the past.

the first mailing company 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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the first mailing company limited Companies House Filings - See Documents

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