first title limited
first title limited Company Information
Company Number
03677311
Website
www.firsttitle.euRegistered Address
eca court 24-26 south park, sevenoaks, kent, TN13 1DU
Industry
Activities of head offices
Telephone
02071608100
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
faf international holdings gmbh b.v. 100%
first title limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST TITLE LIMITED at £4.5m based on a Turnover of £1.5m and 2.9x industry multiple (adjusted for size and gross margin).
first title limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST TITLE LIMITED at £0 based on an EBITDA of £-118k and a 4.31x industry multiple (adjusted for size and gross margin).
first title limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST TITLE LIMITED at £113.6m based on Net Assets of £30.2m and 3.76x industry multiple (adjusted for liquidity).
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First Title Limited Overview
First Title Limited is a live company located in kent, TN13 1DU with a Companies House number of 03677311. It operates in the activities of head offices sector, SIC Code 70100. Founded in December 1998, it's largest shareholder is faf international holdings gmbh b.v. with a 100% stake. First Title Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.5m with healthy growth in recent years.
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First Title Limited Health Check
Pomanda's financial health check has awarded First Title Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
3 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£20.3m)
£1.5m - First Title Limited
£20.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (3%)
6% - First Title Limited
3% - Industry AVG
Production
with a gross margin of 33.2%, this company has a comparable cost of product (33.2%)
33.2% - First Title Limited
33.2% - Industry AVG
Profitability
an operating margin of -7.6% make it less profitable than the average company (6%)
-7.6% - First Title Limited
6% - Industry AVG
Employees
with 9 employees, this is below the industry average (120)
- First Title Limited
120 - Industry AVG
Pay Structure
on an average salary of £45.8k, the company has an equivalent pay structure (£45.8k)
- First Title Limited
£45.8k - Industry AVG
Efficiency
resulting in sales per employee of £171.4k, this is equally as efficient (£187.7k)
- First Title Limited
£187.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - First Title Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - First Title Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - First Title Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 49 weeks, this is more cash available to meet short term requirements (16 weeks)
49 weeks - First Title Limited
16 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 (57.3%)
6.7% - First Title Limited
57.3% - Industry AVG
first title limited Credit Report and Business Information
First Title Limited Competitor Analysis
Perform a competitor analysis for first title limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
first title limited Ownership
FIRST TITLE LIMITED group structure
First Title Limited has 4 subsidiary companies.
Ultimate parent company
FIRST TITLE LIMITED
03677311
4 subsidiaries
first title limited directors
First Title Limited currently has 5 directors. The longest serving directors include Mr Ian Turner (Jan 2009) and Mr William Maidens (Sep 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Turner | 63 years | Jan 2009 | - | Director | |
| Mr William Maidens | England | 63 years | Sep 2009 | - | Director |
| Mr Kevin Dick | 57 years | Mar 2022 | - | Director | |
| Mr Justin McChesney | England | 51 years | Mar 2022 | - | Director |
| Mr Benjamin Carroll | England | 47 years | Mar 2022 | - | Director |
FIRST TITLE LIMITED financials
First Title Limited's latest turnover from December 2022 is £1.5 million and the company has net assets of £30.2 million. According to their latest financial statements, we estimate that First Title Limited has 9 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 1,543,000 | 1,723,000 | 1,281,000 | 1,314,000 | 1,458,000 | 1,151,000 | 1,157,000 | 1,293,000 | 1,564,000 | 1,312,000 | 2,035,000 | 1,810,000 | 2,029,000 | 1,370,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | -118,000 | -125,000 | -92,000 | -92,000 | -101,000 | -81,000 | -114,000 | -90,000 | -107,000 | -336,000 | -874,000 | 155,000 | 223,000 | -97,000 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 317,000 | 451,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 3,000 | 3,000 | 4,000 | 10,000 | 10,000 | 274,000 | 370,000 |
| Pre-Tax Profit | 4,026,000 | 4,262,000 | -92,000 | 692,000 | 980,000 | 889,000 | 273,000 | 343,000 | -172,000 | -820,000 | -368,000 | -406,000 | 1,856,000 | 1,322,000 |
| Tax | 22,000 | 24,000 | 17,000 | 17,000 | 3,000 | 14,000 | 23,000 | 18,000 | 57,000 | 77,000 | -4,000 | -44,000 | -50,000 | 15,000 |
| Profit After Tax | 4,048,000 | 4,286,000 | -75,000 | 709,000 | 983,000 | 903,000 | 296,000 | 361,000 | -115,000 | -743,000 | -372,000 | -450,000 | 1,806,000 | 1,337,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 4,048,000 | 4,286,000 | -75,000 | 709,000 | 983,000 | 903,000 | 296,000 | 361,000 | -115,000 | -743,000 | -372,000 | -450,000 | 1,806,000 | 1,337,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Number Of Employees | ||||||||||||||
| EBITDA* | -118,000 | -125,000 | -92,000 | -92,000 | -101,000 | -81,000 | -114,000 | -90,000 | -107,000 | -336,000 | -874,000 | 155,000 | 223,000 | -97,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 29,854,000 | 24,866,000 | 6,571,000 | 6,571,000 | 6,571,000 | 6,571,000 | 6,588,000 | 6,588,000 | 6,588,000 | 6,588,000 | 5,794,000 | 6,757,000 | 7,507,000 | 15,563,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 29,854,000 | 24,866,000 | 6,571,000 | 6,571,000 | 6,571,000 | 6,571,000 | 6,588,000 | 6,588,000 | 6,588,000 | 6,588,000 | 5,794,000 | 6,757,000 | 7,507,000 | 15,563,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 98,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 397,000 | 518,000 | 258,000 | 180,000 | 20,000 | 128,000 | 25,000 | 157,000 | 258,000 | 542,000 | 1,000,000 | 1,122,000 | 1,154,000 | 7,157,000 |
| Misc Debtors | 23,000 | 24,000 | 18,000 | 18,000 | 0 | 16,000 | 23,000 | 18,000 | 22,000 | 0 | 17,000 | 1,000 | 14,000 | 0 |
| Cash | 2,072,000 | 2,992,000 | 4,685,000 | 4,756,000 | 4,003,000 | 3,044,000 | 2,152,000 | 1,846,000 | 1,403,000 | 1,366,000 | 2,275,000 | 1,641,000 | 1,832,000 | 977,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,492,000 | 3,534,000 | 4,961,000 | 4,954,000 | 4,121,000 | 3,188,000 | 2,200,000 | 2,021,000 | 1,683,000 | 1,908,000 | 3,292,000 | 2,764,000 | 3,000,000 | 8,134,000 |
| total assets | 32,346,000 | 28,400,000 | 11,532,000 | 11,525,000 | 10,692,000 | 9,759,000 | 8,788,000 | 8,609,000 | 8,271,000 | 8,496,000 | 9,086,000 | 9,521,000 | 10,507,000 | 23,697,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 160,000 | 262,000 | 275,000 | 193,000 | 69,000 | 118,000 | 51,000 | 168,000 | 191,000 | 1,000 | 147,000 | 160,000 | 747,000 | 15,692,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,000,000 | 0 | 0 | 0 | 0 | 1,000 | 0 | 0 | 0 | 300,000 | 1,000 | 51,000 | 0 | 51,000 |
| total current liabilities | 2,160,000 | 262,000 | 275,000 | 193,000 | 69,000 | 119,000 | 51,000 | 168,000 | 191,000 | 301,000 | 148,000 | 211,000 | 747,000 | 15,743,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 2,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 2,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,160,000 | 2,262,000 | 275,000 | 193,000 | 69,000 | 119,000 | 51,000 | 168,000 | 191,000 | 301,000 | 148,000 | 211,000 | 747,000 | 15,743,000 |
| net assets | 30,186,000 | 26,138,000 | 11,257,000 | 11,332,000 | 10,623,000 | 9,640,000 | 8,737,000 | 8,441,000 | 8,080,000 | 8,195,000 | 8,938,000 | 9,310,000 | 9,760,000 | 7,954,000 |
| total shareholders funds | 30,186,000 | 26,138,000 | 11,257,000 | 11,332,000 | 10,623,000 | 9,640,000 | 8,737,000 | 8,441,000 | 8,080,000 | 8,195,000 | 8,938,000 | 9,310,000 | 9,760,000 | 7,954,000 |
| 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 | -118,000 | -125,000 | -92,000 | -92,000 | -101,000 | -81,000 | -114,000 | -90,000 | -107,000 | -336,000 | -874,000 | 155,000 | 223,000 | -97,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 22,000 | 24,000 | 17,000 | 17,000 | 3,000 | 14,000 | 23,000 | 18,000 | 57,000 | 77,000 | -4,000 | -44,000 | -50,000 | 15,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -122,000 | 266,000 | 78,000 | 80,000 | -26,000 | 96,000 | -127,000 | -105,000 | -262,000 | -475,000 | -106,000 | -45,000 | -5,989,000 | 7,157,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 2,000,000 | 0 | 0 | 0 | -1,000 | 1,000 | 0 | 0 | -300,000 | 299,000 | -50,000 | 51,000 | -51,000 | 51,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 2,026,000 | -367,000 | -153,000 | -155,000 | -73,000 | -162,000 | 36,000 | 33,000 | -88,000 | 515,000 | -822,000 | 207,000 | 6,111,000 | -7,188,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 4,988,000 | 18,295,000 | 0 | 0 | 0 | -17,000 | 0 | 0 | 0 | 794,000 | -963,000 | -750,000 | -8,056,000 | 15,563,000 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -102,000 | -13,000 | 82,000 | 124,000 | -49,000 | 67,000 | -117,000 | -23,000 | 190,000 | -146,000 | -13,000 | -587,000 | -14,945,000 | 15,692,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -2,000,000 | 2,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 3,000 | 3,000 | 4,000 | 10,000 | 10,000 | -43,000 | -81,000 |
| cash flow from financing | -2,102,000 | 12,582,000 | 82,000 | 124,000 | -49,000 | 67,000 | -116,000 | -20,000 | 193,000 | -142,000 | -3,000 | -577,000 | -14,988,000 | 22,228,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -920,000 | -1,693,000 | -71,000 | 753,000 | 959,000 | 892,000 | 306,000 | 443,000 | 37,000 | -909,000 | 634,000 | -191,000 | 855,000 | 977,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -920,000 | -1,693,000 | -71,000 | 753,000 | 959,000 | 892,000 | 306,000 | 443,000 | 37,000 | -909,000 | 634,000 | -191,000 | 855,000 | 977,000 |
P&L
December 2022turnover
1.5m
-10%
operating profit
-118k
-6%
gross margin
33.3%
+1.92%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
30.2m
+0.15%
total assets
32.3m
+0.14%
cash
2.1m
-0.31%
net assets
Total assets minus all liabilities
first title limited company details
company number
03677311
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
December 1998
age
26
accounts
Full Accounts
ultimate parent company
previous names
first title plc (September 2010)
first uk financial corporation limited (November 1999)
incorporated
UK
address
eca court 24-26 south park, sevenoaks, kent, TN13 1DU
last accounts submitted
December 2022
first title 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 first title limited.
first title limited Companies House Filings - See Documents
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