teach first

teach first Company Information

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MatureLargeLow

Company Number

04478840

Industry

Educational support activities

 

Directors

Vivian Hunt

Nicholas Owen

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Shareholders

-

Group Structure

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Contact

Registered Address

6 mitre passage, greenwich peninsula, london, SE10 0ER

teach first Estimated Valuation

£99m

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

£0

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

£27.6m

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

Health Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £63.5m, make it larger than the average company (£408.1k)

£63.5m - Teach First

£408.1k - Industry AVG

growth

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

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

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

Employees

with 754 employees, this is above the industry average (11)

754 - Teach First

11 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £84.2k, this is more efficient (£52.5k)

£84.2k - Teach First

£52.5k - Industry AVG

debtordays

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

creditordays

Creditor Days

its suppliers are paid after 21 days, this is close to average (20 days)

21 days - Teach First

20 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Teach First

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Turnover63,476,00067,725,00070,019,00056,526,00053,077,00052,718,00061,011,00063,976,00060,568,00050,089,00025,292,00021,449,78816,613,20112,864,1539,459,090
Other Income Or Grants000000000000000
Cost Of Sales19,578,61025,711,77028,567,59423,265,00420,075,75318,486,08818,280,28520,318,65229,066,70025,548,49512,584,97110,228,7807,832,4206,222,3760
Gross Profit43,897,39042,013,23041,451,40633,260,99633,001,24734,231,91242,730,71543,657,34831,501,30024,540,50512,707,02911,221,0088,780,7816,641,7770
Admin Expenses46,090,51941,860,83341,160,46533,170,21837,680,21938,963,56738,912,66840,517,84427,912,64520,759,14910,052,1128,036,5497,074,0804,685,466-2,162,210
Operating Profit-2,193,129152,397290,94190,778-4,678,972-4,731,6553,818,0473,139,5043,588,6553,781,3562,654,9173,184,4591,706,7011,956,3112,162,210
Interest Payable000000000000000
Interest Receivable000000000000000
Pre-Tax Profit-1,352,000437,000256,00093,000-4,506,000-4,549,0003,139,0002,487,0002,867,0003,015,0002,072,0002,454,4821,292,8771,430,6861,565,463
Tax000000000000000
Profit After Tax-1,352,000437,000256,00093,000-4,506,000-4,549,0003,139,0002,487,0002,867,0003,015,0002,072,0002,454,4821,292,8771,430,6861,565,463
Dividends Paid000000000000000
Retained Profit-1,352,000437,000256,00093,000-4,506,000-4,549,0003,139,0002,487,0002,867,0003,015,0002,072,0002,454,4821,292,8771,430,6861,565,463
Employee Costs40,963,00039,787,00037,542,00030,575,00028,613,00029,185,00024,792,00023,843,00022,386,00017,734,00013,700,00010,417,0217,832,1365,606,8244,097,678
Number Of Employees75478077162858959754352149040830321616412886
EBITDA*-2,028,129340,397496,941504,778-4,112,972-4,114,6554,402,0479,412,5044,159,6554,328,3562,997,9173,534,4232,032,8632,125,3662,208,873

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Tangible Assets294,000266,000383,000321,0001,747,0002,993,0003,377,0003,679,000657,0001,035,000938,000970,8001,090,5031,092,617117,858
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets294,000266,000383,000321,0001,747,0002,993,0003,377,0003,679,000657,0001,035,000938,000970,8001,090,5031,092,617117,858
Stock & work in progress000000000000000
Trade Debtors15,416,00018,253,00021,232,00022,024,00018,845,00017,496,00023,301,00021,330,00019,492,00021,764,00012,053,00011,528,4637,219,0524,189,2583,140,466
Group Debtors000000000000000
Misc Debtors6,631,0005,741,0006,512,0002,135,0001,281,000732,000811,0001,242,0001,018,0001,111,000911,000434,916201,954203,280131,819
Cash12,849,00019,194,00025,047,00025,169,00022,904,00023,222,00025,486,00020,323,00025,824,00015,114,00012,862,0009,360,7058,688,2197,483,7104,817,553
misc current assets11,00000000000000000
total current assets34,907,00043,188,00052,791,00049,328,00043,030,00041,450,00049,598,00042,895,00046,334,00037,989,00025,826,00021,324,08416,109,22511,876,2488,089,838
total assets35,201,00043,454,00053,174,00049,649,00044,777,00044,443,00052,975,00046,574,00046,991,00039,024,00026,764,00022,294,88417,199,72812,968,8658,207,696
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 1,174,0002,773,0002,326,0003,020,0001,194,0001,097,0001,993,0001,764,0003,633,0002,473,000214,0002,050,1521,219,3291,542,659270,550
Group/Directors Accounts0000279,000109,000430,00001,757,0005,728,0004,498,0000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities22,202,00027,521,00038,110,00034,130,00030,637,00026,037,00028,746,00025,211,00023,675,00017,186,00011,117,00010,927,9779,925,1848,031,9535,973,579
total current liabilities23,376,00030,294,00040,436,00037,150,00032,110,00027,243,00031,169,00026,975,00029,065,00025,387,00015,829,00012,978,12911,144,5139,574,6126,244,129
loans000000002,830,000470,000602,0000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities00000001,414,0000380,000797,0001,155,843379,50000
provisions725,000707,000722,000739,0001,000,0001,027,0001,084,000602,0000558,000322,0001,019,300988,58500
total long term liabilities725,000707,000722,000739,0001,000,0001,027,0001,084,0002,016,0002,830,0001,408,0001,721,0002,175,1431,368,08500
total liabilities24,101,00031,001,00041,158,00037,889,00033,110,00028,270,00032,253,00028,991,00031,895,00026,795,00017,550,00015,153,27212,512,5989,574,6126,244,129
net assets11,100,00012,453,00012,016,00011,760,00011,667,00016,173,00020,722,00017,583,00015,096,00012,229,0009,214,0007,141,6124,687,1303,394,2531,963,567
total shareholders funds11,100,00012,453,00012,016,00011,760,00011,667,00016,173,00020,722,00017,583,00015,096,00012,229,0009,214,0007,141,6124,687,1303,394,2531,963,567
Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Operating Activities
Operating Profit-2,193,129152,397290,94190,778-4,678,972-4,731,6553,818,0473,139,5043,588,6553,781,3562,654,9173,184,4591,706,7011,956,3112,162,210
Depreciation165,000188,000206,000414,000566,000617,000584,0006,273,000571,000547,000343,000349,964326,162169,05546,663
Amortisation000000000000000
Tax000000000000000
Stock000000000000000
Debtors-1,947,000-3,750,0003,585,0004,033,0001,898,000-5,884,0001,540,0002,062,000-2,365,0009,911,0001,000,6214,542,3733,028,4681,120,2533,272,285
Creditors-1,599,000447,000-694,0001,826,00097,000-896,000229,000-1,869,0001,160,0002,259,000-1,836,152830,823-323,3301,272,109270,550
Accruals and Deferred Income-5,319,000-10,589,0003,980,0003,493,0004,600,000-2,709,0003,535,0001,536,0006,489,0006,069,000189,0231,002,7931,893,2312,058,3745,973,579
Deferred Taxes & Provisions18,000-15,000-17,000-261,000-27,000-57,000482,000602,000-558,000236,000-697,30030,715988,58500
Cash flow from operations-6,981,129-6,066,603180,9411,529,778-1,340,972-1,892,6557,108,0477,619,50413,615,6552,981,356-347,133856,3811,562,8814,335,5965,180,717
Investing Activities
capital expenditure00000-261,000-283,000-3,657,000-193,000-644,000-311,000-230,261-324,048-1,143,825-110,319
Change in Investments000000000000000
cash flow from investments00000-261,000-283,000-3,657,000-193,000-644,000-311,000-230,261-324,048-1,143,825-110,319
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000-279,000170,000-321,000430,000-1,757,000-3,971,0001,230,0004,498,0000000
Other Short Term Loans 000000000000000
Long term loans0000000-2,830,0002,360,000-132,000602,0000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000-1,414,0001,414,000-380,000-417,000-358,843776,343379,50000
share issue-1,000000000000388000398,104
interest000000000000000
cash flow from financing-1,00000-279,000170,000-321,000-984,000-3,173,000-1,991,000681,0004,741,545776,343379,5000398,104
cash and cash equivalents
cash-6,345,000-5,853,000-122,0002,265,000-318,000-2,264,0005,163,000-5,501,00010,710,0002,252,0003,501,295672,4861,204,5092,666,1574,817,553
overdraft000000000000000
change in cash-6,345,000-5,853,000-122,0002,265,000-318,000-2,264,0005,163,000-5,501,00010,710,0002,252,0003,501,295672,4861,204,5092,666,1574,817,553

teach first Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Teach First Competitor Analysis

competitor_analysis_table_img

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.

Ultimate parent company

TEACH FIRST

04478840

1 subsidiary

TEACH FIRST Shareholders

--

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).

officercountryagestartendrole
Dame Vivian HuntEngland57 years Nov 2019- Director
Mr Nicholas OwenEngland61 years Jul 2020- Director
Mr Tom HarbourEngland35 years Apr 2021- Director
Mr Tom HarbourEngland35 years Apr 2021- Director
Djamila BoothmanEngland40 years Jun 2022- Director
Mr Paul GeddesEngland55 years Sep 2022- Director
Mr Richard TaylorEngland59 years Sep 2022- Director
Lord Jonathan KestenbaumEngland65 years Nov 2022- Director
Professor Carole Twiselton60 years Dec 2022- Director
Mr Humphrey BattcockEngland69 years Dec 2022- Director

P&L

August 2023

turnover

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 2023

net 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

None

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

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