first title services limited
first title services limited Company Information
Company Number
03805320
Website
http://www.firsttitle.co.ukRegistered Address
eca court 24-26 south park, sevenoaks, kent, TN13 1DU
Industry
Combined office administrative service activities
Telephone
02071608100
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
first title ltd 100%
first title services limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST TITLE SERVICES LIMITED at £5.5m based on a Turnover of £10.4m and 0.53x industry multiple (adjusted for size and gross margin).
first title services limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST TITLE SERVICES LIMITED at £2m based on an EBITDA of £435k and a 4.59x industry multiple (adjusted for size and gross margin).
first title services limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST TITLE SERVICES LIMITED at £6.6m based on Net Assets of £2.6m and 2.51x industry multiple (adjusted for liquidity).
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First Title Services Limited Overview
First Title Services Limited is a live company located in kent, TN13 1DU with a Companies House number of 03805320. It operates in the combined office administrative service activities sector, SIC Code 82110. Founded in July 1999, it's largest shareholder is first title ltd with a 100% stake. First Title Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.4m with declining growth in recent years.
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First Title Services Limited Health Check
Pomanda's financial health check has awarded First Title Services Limited a 4 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
4 Strong
2 Regular
4 Weak
Size
annual sales of £10.4m, make it larger than the average company (£1.8m)
£10.4m - First Title Services Limited
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (3.7%)
-3% - First Title Services Limited
3.7% - Industry AVG
Production
with a gross margin of 50.4%, this company has a comparable cost of product (50.4%)
50.4% - First Title Services Limited
50.4% - Industry AVG
Profitability
an operating margin of 1% make it less profitable than the average company (2.8%)
1% - First Title Services Limited
2.8% - Industry AVG
Employees
with 57 employees, this is above the industry average (14)
57 - First Title Services Limited
14 - Industry AVG
Pay Structure
on an average salary of £84.7k, the company has a higher pay structure (£48.1k)
£84.7k - First Title Services Limited
£48.1k - Industry AVG
Efficiency
resulting in sales per employee of £182.1k, this is more efficient (£106.6k)
£182.1k - First Title Services Limited
£106.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - First Title Services Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (27 days)
9 days - First Title Services Limited
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - First Title Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 34 weeks, this is more cash available to meet short term requirements (23 weeks)
34 weeks - First Title Services Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.5%, this is a similar level of debt than the average (56.2%)
52.5% - First Title Services Limited
56.2% - Industry AVG
first title services limited Credit Report and Business Information
First Title Services Limited Competitor Analysis
Perform a competitor analysis for first title services limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
first title services limited Ownership
FIRST TITLE SERVICES LIMITED group structure
First Title Services Limited has no subsidiary companies.
Ultimate parent company
FAF INTERNATIONAL HOLDINGS GMBH BV
#0162530
2 parents
FIRST TITLE SERVICES LIMITED
03805320
first title services limited directors
First Title Services Limited currently has 3 directors. The longest serving directors include Mr William Maidens (Mar 2008) and Mr Kevin Dick (Feb 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Maidens | England | 63 years | Mar 2008 | - | Director |
| Mr Kevin Dick | 57 years | Feb 2009 | - | Director | |
| Mr Oliver Bate | England | 44 years | Feb 2022 | - | Director |
FIRST TITLE SERVICES LIMITED financials
First Title Services Limited's latest turnover from December 2022 is £10.4 million and the company has net assets of £2.6 million. According to their latest financial statements, First Title Services Limited has 57 employees and maintains cash reserves of £1.9 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 | 10,380,000 | 10,268,000 | 9,364,000 | 11,548,000 | 12,139,000 | 11,066,000 | 10,530,000 | 11,181,000 | 10,218,000 | 11,126,000 | 13,044,000 | 12,368,000 | 11,947,000 | 9,452,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 107,000 | 127,000 | 108,000 | 147,000 | 158,000 | 140,000 | 135,000 | 124,000 | 132,000 | 153,000 | 32,000 | 171,000 | -6,000 | 82,000 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 15,000 | 44,000 | 54,000 | 61,000 | 25,000 | 4,000 | 6,000 | 1,000 |
| Pre-Tax Profit | 107,000 | 127,000 | 108,000 | 147,000 | 158,000 | 140,000 | 150,000 | 168,000 | 186,000 | 214,000 | 57,000 | 175,000 | 0 | 83,000 |
| Tax | -108,000 | -43,000 | -31,000 | -46,000 | -40,000 | -122,000 | 67,000 | -79,000 | -140,000 | -80,000 | -29,000 | -173,000 | -73,000 | -67,000 |
| Profit After Tax | -1,000 | 84,000 | 77,000 | 101,000 | 118,000 | 18,000 | 217,000 | 89,000 | 46,000 | 134,000 | 28,000 | 2,000 | -73,000 | 16,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,000 | 84,000 | 77,000 | 101,000 | 118,000 | 18,000 | 217,000 | 89,000 | 46,000 | 134,000 | 28,000 | 2,000 | -73,000 | 16,000 |
| Employee Costs | 4,830,000 | 4,733,000 | 4,455,000 | 5,704,000 | 6,197,000 | 5,436,000 | 5,620,000 | 5,485,000 | 4,977,000 | 5,019,000 | 5,829,000 | 6,167,000 | 5,710,000 | 5,041,000 |
| Number Of Employees | 57 | 63 | 68 | 80 | 88 | 83 | 78 | 77 | 74 | 76 | 72 | 74 | 77 | 71 |
| EBITDA* | 435,000 | 506,000 | 478,000 | 506,000 | 344,000 | 319,000 | 273,000 | 240,000 | 235,000 | 289,000 | 223,000 | 381,000 | 182,000 | 361,000 |
* 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 | 138,000 | 74,000 | 98,000 | 130,000 | 250,000 | 399,000 | 352,000 | 440,000 | 324,000 | 171,000 | 262,000 | 356,000 | 530,000 | 472,000 |
| Intangible Assets | 1,541,000 | 1,786,000 | 2,108,000 | 1,970,000 | 1,649,000 | 941,000 | 418,000 | 35,000 | 29,000 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 10,000 | 12,000 | 7,000 | 15,000 | 0 | 0 | 417,000 | 574,000 | 727,000 | 961,000 | 0 | 1,000 | 2,000 |
| Total Fixed Assets | 1,679,000 | 1,870,000 | 2,218,000 | 2,107,000 | 1,914,000 | 1,340,000 | 770,000 | 892,000 | 927,000 | 898,000 | 1,223,000 | 356,000 | 531,000 | 474,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 1,389,000 | 1,439,000 | 1,306,000 | 1,031,000 | 1,216,000 | 1,186,000 | 389,000 | 2,017,000 | 1,668,000 | 1,021,000 | 1,193,000 | 1,601,000 | 2,429,000 | 3,003,000 |
| Misc Debtors | 521,000 | 697,000 | 435,000 | 561,000 | 510,000 | 422,000 | 497,000 | 585,000 | 528,000 | 1,122,000 | 869,000 | 643,000 | 734,000 | 682,000 |
| Cash | 1,943,000 | 1,330,000 | 957,000 | 1,251,000 | 2,002,000 | 1,715,000 | 3,177,000 | 2,108,000 | 1,580,000 | 1,948,000 | 985,000 | 2,144,000 | 251,000 | 353,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,853,000 | 3,466,000 | 2,698,000 | 2,843,000 | 3,728,000 | 3,323,000 | 4,063,000 | 4,710,000 | 3,776,000 | 4,091,000 | 3,047,000 | 4,388,000 | 3,414,000 | 4,038,000 |
| total assets | 5,532,000 | 5,336,000 | 4,916,000 | 4,950,000 | 5,642,000 | 4,663,000 | 4,833,000 | 5,602,000 | 4,703,000 | 4,989,000 | 4,270,000 | 4,744,000 | 3,945,000 | 4,512,000 |
| 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 | 135,000 | 3,000 | 11,000 | 24,000 | 47,000 | 16,000 | 101,000 | 18,000 | 4,000 | 28,000 | 33,000 | 41,000 | 173,000 | 74,000 |
| Group/Directors Accounts | 1,039,000 | 1,043,000 | 1,015,000 | 849,000 | 1,095,000 | 725,000 | 305,000 | 762,000 | 207,000 | 177,000 | 114,000 | 422,000 | 68,000 | 1,368,000 |
| 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 | 1,730,000 | 1,661,000 | 1,345,000 | 1,609,000 | 2,133,000 | 1,673,000 | 2,196,000 | 2,808,000 | 2,567,000 | 2,905,000 | 2,378,000 | 2,564,000 | 1,989,000 | 1,282,000 |
| total current liabilities | 2,904,000 | 2,707,000 | 2,371,000 | 2,482,000 | 3,275,000 | 2,414,000 | 2,602,000 | 3,588,000 | 2,778,000 | 3,110,000 | 2,525,000 | 3,027,000 | 2,230,000 | 2,724,000 |
| 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 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,904,000 | 2,707,000 | 2,371,000 | 2,482,000 | 3,275,000 | 2,414,000 | 2,602,000 | 3,588,000 | 2,778,000 | 3,110,000 | 2,525,000 | 3,027,000 | 2,230,000 | 2,724,000 |
| net assets | 2,628,000 | 2,629,000 | 2,545,000 | 2,468,000 | 2,367,000 | 2,249,000 | 2,231,000 | 2,014,000 | 1,925,000 | 1,879,000 | 1,745,000 | 1,717,000 | 1,715,000 | 1,788,000 |
| total shareholders funds | 2,628,000 | 2,629,000 | 2,545,000 | 2,468,000 | 2,367,000 | 2,249,000 | 2,231,000 | 2,014,000 | 1,925,000 | 1,879,000 | 1,745,000 | 1,717,000 | 1,715,000 | 1,788,000 |
| 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 | 107,000 | 127,000 | 108,000 | 147,000 | 158,000 | 140,000 | 135,000 | 124,000 | 132,000 | 153,000 | 32,000 | 171,000 | -6,000 | 82,000 |
| Depreciation | 63,000 | 53,000 | 94,000 | 150,000 | 153,000 | 154,000 | 115,000 | 87,000 | 103,000 | 136,000 | 191,000 | 210,000 | 188,000 | 279,000 |
| Amortisation | 265,000 | 326,000 | 276,000 | 209,000 | 33,000 | 25,000 | 23,000 | 29,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -108,000 | -43,000 | -31,000 | -46,000 | -40,000 | -122,000 | 67,000 | -79,000 | -140,000 | -80,000 | -29,000 | -173,000 | -73,000 | -67,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -236,000 | 393,000 | 154,000 | -142,000 | 133,000 | 722,000 | -2,133,000 | 249,000 | -100,000 | -153,000 | 779,000 | -920,000 | -523,000 | 3,687,000 |
| Creditors | 132,000 | -8,000 | -13,000 | -23,000 | 31,000 | -85,000 | 83,000 | 14,000 | -24,000 | -5,000 | -8,000 | -132,000 | 99,000 | 74,000 |
| Accruals and Deferred Income | 69,000 | 316,000 | -264,000 | -524,000 | 460,000 | -523,000 | -612,000 | 241,000 | -338,000 | 527,000 | -186,000 | 575,000 | 707,000 | 1,282,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 764,000 | 378,000 | 16,000 | 55,000 | 662,000 | -1,133,000 | 1,944,000 | 167,000 | -167,000 | 884,000 | -779,000 | 1,571,000 | 1,438,000 | -2,037,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | -4,000 | 28,000 | 166,000 | -246,000 | 370,000 | 420,000 | -457,000 | 555,000 | 30,000 | 63,000 | -308,000 | 354,000 | -1,300,000 | 1,368,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 15,000 | 44,000 | 54,000 | 61,000 | 25,000 | 4,000 | 6,000 | 1,000 |
| cash flow from financing | -4,000 | 28,000 | 166,000 | -246,000 | 370,000 | 420,000 | -442,000 | 599,000 | 84,000 | 124,000 | -283,000 | 358,000 | -1,294,000 | 3,141,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 613,000 | 373,000 | -294,000 | -751,000 | 287,000 | -1,462,000 | 1,069,000 | 528,000 | -368,000 | 963,000 | -1,159,000 | 1,893,000 | -102,000 | 353,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 613,000 | 373,000 | -294,000 | -751,000 | 287,000 | -1,462,000 | 1,069,000 | 528,000 | -368,000 | 963,000 | -1,159,000 | 1,893,000 | -102,000 | 353,000 |
P&L
December 2022turnover
10.4m
+1%
operating profit
107k
-16%
gross margin
50.4%
-0.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
2.6m
0%
total assets
5.5m
+0.04%
cash
1.9m
+0.46%
net assets
Total assets minus all liabilities
first title services limited company details
company number
03805320
Type
Private limited with Share Capital
industry
82110 - Combined office administrative service activities
incorporation date
July 1999
age
25
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
eca court 24-26 south park, sevenoaks, kent, TN13 1DU
last accounts submitted
December 2022
first title services 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 first title services limited. Currently there are 1 open charges and 0 have been satisfied in the past.
first title services limited Companies House Filings - See Documents
| date | description | view/download |
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