teach first Company Information
Company Number
04478840
Next Accounts
May 2025
Industry
Educational support activities
Shareholders
-
Group Structure
View All
Contact
Registered Address
6 mitre passage, greenwich peninsula, london, SE10 0ER
Website
http://teachfirst.org.ukteach first Estimated Valuation
Pomanda estimates the enterprise value of TEACH FIRST at £99m based on a Turnover of £63.5m and 1.56x industry multiple (adjusted for size and gross margin).
teach first Estimated Valuation
Pomanda estimates the enterprise value of TEACH FIRST at £0 based on an EBITDA of £-2m and a 9.89x industry multiple (adjusted for size and gross margin).
teach first Estimated Valuation
Pomanda estimates the enterprise value of TEACH FIRST at £27.6m based on Net Assets of £11.1m and 2.48x industry multiple (adjusted for liquidity).
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Teach First Overview
Teach First is a live company located in london, SE10 0ER with a Companies House number of 04478840. It operates in the educational support services sector, SIC Code 85600. Founded in July 2002, it's largest shareholder is unknown. Teach First is a mature, large sized company, Pomanda has estimated its turnover at £63.5m with low growth in recent years.
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Teach First Health Check
Pomanda's financial health check has awarded Teach First a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £63.5m, make it larger than the average company (£408.1k)
£63.5m - Teach First
£408.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (6.3%)
4% - Teach First
6.3% - Industry AVG
Production
with a gross margin of 69.2%, this company has a comparable cost of product (69.2%)
69.2% - Teach First
69.2% - Industry AVG
Profitability
an operating margin of -3.5% make it less profitable than the average company (3.2%)
-3.5% - Teach First
3.2% - Industry AVG
Employees
with 754 employees, this is above the industry average (11)
754 - Teach First
11 - Industry AVG
Pay Structure
on an average salary of £54.3k, the company has a higher pay structure (£29.5k)
£54.3k - Teach First
£29.5k - Industry AVG
Efficiency
resulting in sales per employee of £84.2k, this is more efficient (£52.5k)
£84.2k - Teach First
£52.5k - Industry AVG
Debtor Days
it gets paid by customers after 88 days, this is later than average (21 days)
88 days - Teach First
21 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is close to average (20 days)
21 days - Teach First
20 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Teach First
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 28 weeks, this is less cash available to meet short term requirements (88 weeks)
28 weeks - Teach First
88 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 68.5%, this is a higher level of debt than the average (34.1%)
68.5% - Teach First
34.1% - Industry AVG
TEACH FIRST financials
Teach First's latest turnover from August 2023 is £63.5 million and the company has net assets of £11.1 million. According to their latest financial statements, Teach First has 754 employees and maintains cash reserves of £12.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 63,476,000 | 67,725,000 | 70,019,000 | 56,526,000 | 53,077,000 | 52,718,000 | 61,011,000 | 63,976,000 | 60,568,000 | 50,089,000 | 25,292,000 | 21,449,788 | 16,613,201 | 12,864,153 | 9,459,090 |
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | |||||||||||||||
Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Pre-Tax Profit | -1,352,000 | 437,000 | 256,000 | 93,000 | -4,506,000 | -4,549,000 | 3,139,000 | 2,487,000 | 2,867,000 | 3,015,000 | 2,072,000 | 2,454,482 | 1,292,877 | 1,430,686 | 1,565,463 |
Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit After Tax | -1,352,000 | 437,000 | 256,000 | 93,000 | -4,506,000 | -4,549,000 | 3,139,000 | 2,487,000 | 2,867,000 | 3,015,000 | 2,072,000 | 2,454,482 | 1,292,877 | 1,430,686 | 1,565,463 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | -1,352,000 | 437,000 | 256,000 | 93,000 | -4,506,000 | -4,549,000 | 3,139,000 | 2,487,000 | 2,867,000 | 3,015,000 | 2,072,000 | 2,454,482 | 1,292,877 | 1,430,686 | 1,565,463 |
Employee Costs | 40,963,000 | 39,787,000 | 37,542,000 | 30,575,000 | 28,613,000 | 29,185,000 | 24,792,000 | 23,843,000 | 22,386,000 | 17,734,000 | 13,700,000 | 10,417,021 | 7,832,136 | 5,606,824 | 4,097,678 |
Number Of Employees | 754 | 780 | 771 | 628 | 589 | 597 | 543 | 521 | 490 | 408 | 303 | 216 | 164 | 128 | 86 |
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 294,000 | 266,000 | 383,000 | 321,000 | 1,747,000 | 2,993,000 | 3,377,000 | 3,679,000 | 657,000 | 1,035,000 | 938,000 | 970,800 | 1,090,503 | 1,092,617 | 117,858 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 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 | 0 |
Total Fixed Assets | 294,000 | 266,000 | 383,000 | 321,000 | 1,747,000 | 2,993,000 | 3,377,000 | 3,679,000 | 657,000 | 1,035,000 | 938,000 | 970,800 | 1,090,503 | 1,092,617 | 117,858 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 15,416,000 | 18,253,000 | 21,232,000 | 22,024,000 | 18,845,000 | 17,496,000 | 23,301,000 | 21,330,000 | 19,492,000 | 21,764,000 | 12,053,000 | 11,528,463 | 7,219,052 | 4,189,258 | 3,140,466 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 6,631,000 | 5,741,000 | 6,512,000 | 2,135,000 | 1,281,000 | 732,000 | 811,000 | 1,242,000 | 1,018,000 | 1,111,000 | 911,000 | 434,916 | 201,954 | 203,280 | 131,819 |
Cash | 12,849,000 | 19,194,000 | 25,047,000 | 25,169,000 | 22,904,000 | 23,222,000 | 25,486,000 | 20,323,000 | 25,824,000 | 15,114,000 | 12,862,000 | 9,360,705 | 8,688,219 | 7,483,710 | 4,817,553 |
misc current assets | 11,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 34,907,000 | 43,188,000 | 52,791,000 | 49,328,000 | 43,030,000 | 41,450,000 | 49,598,000 | 42,895,000 | 46,334,000 | 37,989,000 | 25,826,000 | 21,324,084 | 16,109,225 | 11,876,248 | 8,089,838 |
total assets | 35,201,000 | 43,454,000 | 53,174,000 | 49,649,000 | 44,777,000 | 44,443,000 | 52,975,000 | 46,574,000 | 46,991,000 | 39,024,000 | 26,764,000 | 22,294,884 | 17,199,728 | 12,968,865 | 8,207,696 |
Bank overdraft | 0 | 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 | 0 |
Trade Creditors | 1,174,000 | 2,773,000 | 2,326,000 | 3,020,000 | 1,194,000 | 1,097,000 | 1,993,000 | 1,764,000 | 3,633,000 | 2,473,000 | 214,000 | 2,050,152 | 1,219,329 | 1,542,659 | 270,550 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 279,000 | 109,000 | 430,000 | 0 | 1,757,000 | 5,728,000 | 4,498,000 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 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 | 0 |
other current liabilities | 22,202,000 | 27,521,000 | 38,110,000 | 34,130,000 | 30,637,000 | 26,037,000 | 28,746,000 | 25,211,000 | 23,675,000 | 17,186,000 | 11,117,000 | 10,927,977 | 9,925,184 | 8,031,953 | 5,973,579 |
total current liabilities | 23,376,000 | 30,294,000 | 40,436,000 | 37,150,000 | 32,110,000 | 27,243,000 | 31,169,000 | 26,975,000 | 29,065,000 | 25,387,000 | 15,829,000 | 12,978,129 | 11,144,513 | 9,574,612 | 6,244,129 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,830,000 | 470,000 | 602,000 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 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 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,414,000 | 0 | 380,000 | 797,000 | 1,155,843 | 379,500 | 0 | 0 |
provisions | 725,000 | 707,000 | 722,000 | 739,000 | 1,000,000 | 1,027,000 | 1,084,000 | 602,000 | 0 | 558,000 | 322,000 | 1,019,300 | 988,585 | 0 | 0 |
total long term liabilities | 725,000 | 707,000 | 722,000 | 739,000 | 1,000,000 | 1,027,000 | 1,084,000 | 2,016,000 | 2,830,000 | 1,408,000 | 1,721,000 | 2,175,143 | 1,368,085 | 0 | 0 |
total liabilities | 24,101,000 | 31,001,000 | 41,158,000 | 37,889,000 | 33,110,000 | 28,270,000 | 32,253,000 | 28,991,000 | 31,895,000 | 26,795,000 | 17,550,000 | 15,153,272 | 12,512,598 | 9,574,612 | 6,244,129 |
net assets | 11,100,000 | 12,453,000 | 12,016,000 | 11,760,000 | 11,667,000 | 16,173,000 | 20,722,000 | 17,583,000 | 15,096,000 | 12,229,000 | 9,214,000 | 7,141,612 | 4,687,130 | 3,394,253 | 1,963,567 |
total shareholders funds | 11,100,000 | 12,453,000 | 12,016,000 | 11,760,000 | 11,667,000 | 16,173,000 | 20,722,000 | 17,583,000 | 15,096,000 | 12,229,000 | 9,214,000 | 7,141,612 | 4,687,130 | 3,394,253 | 1,963,567 |
Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | |||||||||||||||
Depreciation | 165,000 | 188,000 | 206,000 | 414,000 | 566,000 | 617,000 | 584,000 | 6,273,000 | 571,000 | 547,000 | 343,000 | 349,964 | 326,162 | 169,055 | 46,663 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | -1,947,000 | -3,750,000 | 3,585,000 | 4,033,000 | 1,898,000 | -5,884,000 | 1,540,000 | 2,062,000 | -2,365,000 | 9,911,000 | 1,000,621 | 4,542,373 | 3,028,468 | 1,120,253 | 3,272,285 |
Creditors | -1,599,000 | 447,000 | -694,000 | 1,826,000 | 97,000 | -896,000 | 229,000 | -1,869,000 | 1,160,000 | 2,259,000 | -1,836,152 | 830,823 | -323,330 | 1,272,109 | 270,550 |
Accruals and Deferred Income | -5,319,000 | -10,589,000 | 3,980,000 | 3,493,000 | 4,600,000 | -2,709,000 | 3,535,000 | 1,536,000 | 6,489,000 | 6,069,000 | 189,023 | 1,002,793 | 1,893,231 | 2,058,374 | 5,973,579 |
Deferred Taxes & Provisions | 18,000 | -15,000 | -17,000 | -261,000 | -27,000 | -57,000 | 482,000 | 602,000 | -558,000 | 236,000 | -697,300 | 30,715 | 988,585 | 0 | 0 |
Cash flow from operations | |||||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | 0 | 0 | 0 | 0 | 0 | -261,000 | -283,000 | -3,657,000 | -193,000 | -644,000 | -311,000 | -230,261 | -324,048 | -1,143,825 | -110,319 |
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | 0 | 0 | 0 | 0 | 0 | -261,000 | -283,000 | -3,657,000 | -193,000 | -644,000 | -311,000 | -230,261 | -324,048 | -1,143,825 | -110,319 |
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | -279,000 | 170,000 | -321,000 | 430,000 | -1,757,000 | -3,971,000 | 1,230,000 | 4,498,000 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,830,000 | 2,360,000 | -132,000 | 602,000 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -1,414,000 | 1,414,000 | -380,000 | -417,000 | -358,843 | 776,343 | 379,500 | 0 | 0 |
share issue | |||||||||||||||
interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from financing | -1,000 | 0 | 0 | -279,000 | 170,000 | -321,000 | -984,000 | -3,173,000 | -1,991,000 | 681,000 | 4,741,545 | 776,343 | 379,500 | 0 | 398,104 |
cash and cash equivalents | |||||||||||||||
cash | -6,345,000 | -5,853,000 | -122,000 | 2,265,000 | -318,000 | -2,264,000 | 5,163,000 | -5,501,000 | 10,710,000 | 2,252,000 | 3,501,295 | 672,486 | 1,204,509 | 2,666,157 | 4,817,553 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -6,345,000 | -5,853,000 | -122,000 | 2,265,000 | -318,000 | -2,264,000 | 5,163,000 | -5,501,000 | 10,710,000 | 2,252,000 | 3,501,295 | 672,486 | 1,204,509 | 2,666,157 | 4,817,553 |
teach first Credit Report and Business Information
Teach First Competitor Analysis
Perform a competitor analysis for teach first by selecting its closest rivals, whether from the EDUCATION sector, other large companies, companies in SE10 area or any other competitors across 12 key performance metrics.
teach first Ownership
TEACH FIRST group structure
Teach First has 1 subsidiary company.
teach first directors
Teach First currently has 14 directors. The longest serving directors include Dame Vivian Hunt (Nov 2019) and Mr Nicholas Owen (Jul 2020).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Dame Vivian Hunt | England | 57 years | Nov 2019 | - | Director |
Mr Nicholas Owen | England | 61 years | Jul 2020 | - | Director |
Mr Tom Harbour | England | 35 years | Apr 2021 | - | Director |
Mr Tom Harbour | England | 35 years | Apr 2021 | - | Director |
Djamila Boothman | England | 40 years | Jun 2022 | - | Director |
Mr Paul Geddes | England | 55 years | Sep 2022 | - | Director |
Mr Richard Taylor | England | 59 years | Sep 2022 | - | Director |
Lord Jonathan Kestenbaum | England | 65 years | Nov 2022 | - | Director |
Professor Carole Twiselton | 60 years | Dec 2022 | - | Director | |
Mr Humphrey Battcock | England | 69 years | Dec 2022 | - | Director |
P&L
August 2023turnover
63.5m
-6%
operating profit
-2.2m
0%
gross margin
69.2%
+11.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
11.1m
-0.11%
total assets
35.2m
-0.19%
cash
12.8m
-0.33%
net assets
Total assets minus all liabilities
teach first company details
company number
04478840
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85600 - Educational support activities
incorporation date
July 2002
age
22
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
GRANT THORNTON UK LLP
address
6 mitre passage, greenwich peninsula, london, SE10 0ER
Bank
BARCLAYS BANK PLC
Legal Advisor
CLIFFORD CHANCE
teach first 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 teach first.
teach first 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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teach first Companies House Filings - See Documents
date | description | view/download |
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