first water limited
first water limited Company Information
Company Number
04421197
Website
www.first-water.comRegistered Address
997 manchester road, ashton-under-lyne, lancashire, OL7 0ED
Industry
Other manufacturing n.e.c.
Telephone
01756747200
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
scapa group plc 100%
first water limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST WATER LIMITED at £0 based on a Turnover of £0 and 0.66x industry multiple (adjusted for size and gross margin).
first water limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST WATER LIMITED at £0 based on an EBITDA of £-5.9m and a 4.75x industry multiple (adjusted for size and gross margin).
first water limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST WATER LIMITED at £0 based on Net Assets of £-30.5m and 1.97x industry multiple (adjusted for liquidity).
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First Water Limited Overview
First Water Limited is a live company located in lancashire, OL7 0ED with a Companies House number of 04421197. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in April 2002, it's largest shareholder is scapa group plc with a 100% stake. First Water Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with declining growth in recent years.
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First Water Limited Health Check
There is insufficient data available to calculate a health check for First Water Limited. Company Health Check FAQs
0 Strong
0 Regular
4 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - First Water Limited
- - Industry AVG
Growth
3 year (CAGR) sales growth of -100%, show it is growing at a slower rate (2.4%)
- - First Water Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - First Water Limited
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - First Water Limited
- - Industry AVG
Employees
with 2 employees, this is below the industry average (72)
- - First Water Limited
- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - First Water Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
- - First Water Limited
- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - First Water Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - First Water Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - First Water Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (12 weeks)
- - First Water Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 147.7%, this is a higher level of debt than the average (50.1%)
- - First Water Limited
- - Industry AVG
FIRST WATER LIMITED financials
First Water Limited's latest turnover from December 2022 is 0 and the company has net assets of -£30.5 million. According to their latest financial statements, First Water Limited has 2 employees and maintains cash reserves of £766 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | 0 | 0 | 7,316,000 | 3,588,000 | 840,000 | 1,080,000 | 1,440,000 | 1,380,000 | 4,707,000 | 7,657,000 | 7,332,000 | 6,907,000 | 5,752,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |||||||||
| Cost Of Sales | 2,965,000 | 4,970,000 | 4,581,000 | 3,572,000 | 3,148,000 | |||||||||
| Gross Profit | 1,742,000 | 2,687,000 | 2,751,000 | 3,335,000 | 2,604,000 | |||||||||
| Admin Expenses | 1,871,000 | 2,286,000 | 2,240,000 | 2,337,000 | 1,885,000 | |||||||||
| Operating Profit | -5,929,000 | -39,000 | 26,000 | -28,321,000 | -241,000 | 320,000 | 696,000 | 346,000 | 225,000 | -129,000 | 401,000 | 511,000 | 998,000 | 719,000 |
| Interest Payable | 1,309,000 | 647,000 | 1,052,000 | 1,238,000 | 1,226,000 | 218,000 | 210,000 | 242,000 | 107,000 | 135,000 | 162,000 | 166,000 | 164,000 | 184,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,000 | 11,000 |
| Pre-Tax Profit | -7,238,000 | -686,000 | -1,026,000 | -29,559,000 | 2,120,000 | 102,000 | 486,000 | 100,000 | 115,000 | -293,000 | 230,000 | 348,000 | 868,000 | 546,000 |
| Tax | 533,000 | 421,000 | 177,000 | -263,000 | 265,000 | -31,000 | -29,000 | 10,000 | -132,000 | 99,000 | 46,000 | 1,000 | -172,000 | -116,000 |
| Profit After Tax | -6,705,000 | -265,000 | -849,000 | -29,822,000 | 2,385,000 | 71,000 | 457,000 | 110,000 | -17,000 | -194,000 | 276,000 | 349,000 | 696,000 | 430,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -6,705,000 | -265,000 | -849,000 | -29,822,000 | 2,385,000 | 71,000 | 457,000 | 110,000 | -17,000 | 820,000 | 276,000 | 349,000 | 696,000 | 430,000 |
| Employee Costs | 0 | 0 | 0 | 144,000 | 279,000 | 617,000 | 348,000 | 1,697,000 | 2,043,000 | 1,911,000 | 1,647,000 | 1,497,000 | ||
| Number Of Employees | 2 | 3 | 5 | 7 | 11 | 66 | 78 | 73 | 65 | 58 | ||||
| EBITDA* | -5,875,000 | 0 | 92,000 | -28,247,000 | -155,000 | 465,000 | 844,000 | 504,000 | 388,000 | 491,000 | 1,000,000 | 1,161,000 | 1,789,000 | 1,326,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,724,000 | 1,778,000 | 1,805,000 | 1,869,000 | 2,088,000 | 2,130,000 | 2,055,000 | 2,117,000 | 6,242,000 | 3,336,000 | 3,371,000 | 3,178,000 | 2,876,000 | 2,952,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 75,000 | 150,000 | 225,000 | 300,000 | 2,673,000 | 2,700,000 | 2,736,000 | 2,779,000 | 2,878,000 |
| Investments & Other | 57,506,000 | 63,225,000 | 59,218,000 | 59,218,000 | 70,869,000 | 1,035,000 | 1,035,000 | 1,035,000 | 35,000 | 8,000 | 31,000 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 4,007,000 | 4,007,000 | 4,007,000 | 4,007,000 | 4,007,000 | 4,007,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 59,230,000 | 65,003,000 | 65,030,000 | 65,094,000 | 76,964,000 | 7,247,000 | 7,247,000 | 7,384,000 | 6,542,000 | 6,009,000 | 6,071,000 | 5,914,000 | 5,655,000 | 5,830,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 343,000 | 519,000 | 576,000 | 561,000 | 426,000 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,028,000 | 1,472,000 | 920,000 | 941,000 | 949,000 |
| Group Debtors | 2,799,000 | 2,411,000 | 2,410,000 | 2,730,000 | 4,190,000 | 2,465,000 | 536,000 | 399,000 | 549,000 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,082,000 | 578,000 | 158,000 | 0 | 0 | 107,000 | 105,000 | 92,000 | 109,000 | 105,000 | 79,000 | 104,000 | 122,000 | 99,000 |
| Cash | 766,000 | 0 | 0 | 1,000 | 17,000 | 6,000 | 36,000 | 53,000 | 4,000 | 176,000 | 33,000 | 210,000 | 92,000 | 6,000 |
| misc current assets | 0 | 0 | 0 | 0 | 262,000 | 0 | 0 | 0 | 0 | 100,000 | 8,000 | 1,000 | 11,000 | 4,000 |
| total current assets | 4,647,000 | 2,989,000 | 2,568,000 | 2,731,000 | 4,469,000 | 2,578,000 | 677,000 | 544,000 | 662,000 | 1,752,000 | 2,111,000 | 1,811,000 | 1,727,000 | 1,484,000 |
| total assets | 63,877,000 | 67,992,000 | 67,598,000 | 67,825,000 | 81,433,000 | 9,825,000 | 7,924,000 | 7,928,000 | 7,204,000 | 7,761,000 | 8,182,000 | 7,725,000 | 7,382,000 | 7,314,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 169,000 | 153,000 | 109,000 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 129,000 |
| Trade Creditors | 0 | 14,000 | 2,000 | 0 | 0 | 153,000 | 69,000 | 75,000 | 75,000 | 452,000 | 597,000 | 402,000 | 341,000 | 314,000 |
| Group/Directors Accounts | 28,545,000 | 20,051,000 | 14,631,000 | 7,316,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,000 | 504,000 | 1,279,000 | 837,000 | 840,000 | 938,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 20,000 | 0 | 32,000 | 7,196,000 | 7,197,000 | 69,000 | 91,000 | 186,000 | 131,000 | 268,000 | 194,000 | 217,000 | 286,000 | 192,000 |
| total current liabilities | 28,565,000 | 20,065,000 | 14,665,000 | 14,512,000 | 7,197,000 | 222,000 | 160,000 | 261,000 | 217,000 | 1,224,000 | 2,239,000 | 1,609,000 | 1,576,000 | 1,573,000 |
| loans | 60,426,000 | 59,132,000 | 58,491,000 | 58,003,000 | 41,928,000 | 4,792,000 | 3,021,000 | 3,365,000 | 3,748,000 | 3,510,000 | 3,970,000 | 4,790,000 | 4,844,000 | 6,430,000 |
| 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 | 28,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 5,381,000 | 12,557,000 | 17,967,000 | 17,986,000 | 25,162,000 | 50,000 | 53,000 | 69,000 | 238,000 | 794,000 | 826,000 | 932,000 | 982,000 | 678,000 |
| total long term liabilities | 65,807,000 | 71,717,000 | 76,458,000 | 75,989,000 | 67,090,000 | 4,842,000 | 3,074,000 | 3,434,000 | 3,867,000 | 2,152,000 | 2,398,000 | 2,861,000 | 2,913,000 | 3,554,000 |
| total liabilities | 94,372,000 | 91,782,000 | 91,123,000 | 90,501,000 | 74,287,000 | 5,064,000 | 3,234,000 | 3,695,000 | 4,084,000 | 3,376,000 | 4,637,000 | 4,470,000 | 4,489,000 | 5,127,000 |
| net assets | -30,495,000 | -23,790,000 | -23,525,000 | -22,676,000 | 7,146,000 | 4,761,000 | 4,690,000 | 4,233,000 | 3,120,000 | 4,385,000 | 3,545,000 | 3,255,000 | 2,893,000 | 2,187,000 |
| total shareholders funds | -30,495,000 | -23,790,000 | -23,525,000 | -22,676,000 | 7,146,000 | 4,761,000 | 4,690,000 | 4,233,000 | 4,120,000 | 4,385,000 | 3,545,000 | 3,255,000 | 2,893,000 | 2,187,000 |
| Dec 2022 | Dec 2021 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -5,929,000 | -39,000 | 26,000 | -28,321,000 | -241,000 | 320,000 | 696,000 | 346,000 | 225,000 | -129,000 | 401,000 | 511,000 | 998,000 | 719,000 |
| Depreciation | 54,000 | 39,000 | 66,000 | 74,000 | 86,000 | 70,000 | 73,000 | 83,000 | 90,000 | 223,000 | 236,000 | 274,000 | 348,000 | 357,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 75,000 | 75,000 | 75,000 | 73,000 | 397,000 | 363,000 | 376,000 | 443,000 | 250,000 |
| Tax | 533,000 | 421,000 | 177,000 | -263,000 | 265,000 | -31,000 | -29,000 | 10,000 | -132,000 | 99,000 | 46,000 | 1,000 | -172,000 | -116,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -343,000 | -176,000 | -57,000 | 15,000 | 135,000 | 426,000 |
| Debtors | 892,000 | -3,748,000 | -162,000 | -1,460,000 | 1,618,000 | 1,931,000 | 150,000 | 3,840,000 | -475,000 | -418,000 | 527,000 | -39,000 | 15,000 | 1,048,000 |
| Creditors | -14,000 | 14,000 | 2,000 | 0 | -153,000 | 84,000 | -6,000 | 0 | -377,000 | -145,000 | 195,000 | 61,000 | 27,000 | 314,000 |
| Accruals and Deferred Income | 20,000 | -7,196,000 | -7,164,000 | -1,000 | 7,128,000 | -22,000 | -95,000 | 55,000 | -137,000 | 74,000 | -23,000 | -69,000 | 94,000 | 192,000 |
| Deferred Taxes & Provisions | -7,176,000 | -5,429,000 | -19,000 | -7,176,000 | 25,112,000 | -3,000 | -16,000 | -169,000 | -556,000 | -32,000 | -106,000 | -50,000 | 304,000 | 678,000 |
| Cash flow from operations | -13,404,000 | -8,442,000 | -6,750,000 | -34,227,000 | 30,579,000 | -1,438,000 | 548,000 | -3,440,000 | 4,000 | 1,081,000 | 642,000 | 1,128,000 | 1,892,000 | 920,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -5,719,000 | 4,007,000 | 0 | -11,651,000 | 69,834,000 | 0 | 0 | 1,000,000 | 27,000 | -23,000 | 31,000 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -129,000 | 129,000 |
| Group/Directors Accounts | 8,494,000 | 12,735,000 | 7,315,000 | 7,316,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11,000 | -493,000 | -775,000 | 442,000 | -3,000 | -98,000 | 938,000 |
| Long term loans | 1,294,000 | 1,129,000 | 488,000 | 16,075,000 | 37,136,000 | 1,771,000 | -344,000 | -383,000 | 238,000 | -460,000 | -820,000 | -54,000 | -1,586,000 | 6,430,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -28,000 | 28,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -1,309,000 | -647,000 | -1,052,000 | -1,238,000 | -1,226,000 | -218,000 | -210,000 | -242,000 | -107,000 | -135,000 | -162,000 | -166,000 | -130,000 | -173,000 |
| cash flow from financing | 8,451,000 | 12,396,000 | 6,751,000 | 22,153,000 | 35,910,000 | 1,553,000 | -554,000 | -633,000 | -610,000 | -1,350,000 | -526,000 | -210,000 | -1,933,000 | 9,081,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 766,000 | -1,000 | -1,000 | -16,000 | 11,000 | -30,000 | -17,000 | 49,000 | -172,000 | 143,000 | -177,000 | 118,000 | 86,000 | 6,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -169,000 | 16,000 | 44,000 | 109,000 | 0 |
| change in cash | 766,000 | -1,000 | -1,000 | -16,000 | 11,000 | -30,000 | -17,000 | 49,000 | -172,000 | 312,000 | -193,000 | 74,000 | -23,000 | 6,000 |
first water limited Credit Report and Business Information
First Water Limited Competitor Analysis
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first water limited Ownership
FIRST WATER LIMITED group structure
First Water Limited has 4 subsidiary companies.
Ultimate parent company
MATIV HOLDINGS INC
#0164778
2 parents
FIRST WATER LIMITED
04421197
4 subsidiaries
first water limited directors
First Water Limited currently has 3 directors. The longest serving directors include Ms Wendy Dickinson (Dec 2016) and Mr John Petreanu (Mar 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Wendy Dickinson | 57 years | Dec 2016 | - | Director | |
| Mr John Petreanu | 56 years | Mar 2022 | - | Director | |
| Mr Mark Johnson | England | 47 years | Mar 2024 | - | Director |
P&L
December 2022turnover
0
0%
operating profit
-5.9m
+15103%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-30.5m
+0.28%
total assets
63.9m
-0.06%
cash
766k
0%
net assets
Total assets minus all liabilities
Similar Companies
first water limited company details
company number
04421197
Type
Private limited with Share Capital
industry
32990 - Other manufacturing n.e.c.
incorporation date
April 2002
age
22
accounts
Full Accounts
ultimate parent company
previous names
oval (1727) limited (June 2002)
incorporated
UK
address
997 manchester road, ashton-under-lyne, lancashire, OL7 0ED
last accounts submitted
December 2022
first water 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 10 charges/mortgages relating to first water limited. Currently there are 0 open charges and 10 have been satisfied in the past.
first water limited Companies House Filings - See Documents
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