1st advance limited
1st advance limited Company Information
Company Number
04531487
Next Accounts
Sep 2025
Shareholders
philip harragan
stephen wilkinson
View AllGroup Structure
View All
Industry
Other information technology and computer service activities
Registered Address
albany house 14 shute end, wokingham, berkshire, RG40 1JB
Website
www.1stadvance.com1st advance limited Estimated Valuation
Pomanda estimates the enterprise value of 1ST ADVANCE LIMITED at £180.6k based on a Turnover of £238.8k and 0.76x industry multiple (adjusted for size and gross margin).
1st advance limited Estimated Valuation
Pomanda estimates the enterprise value of 1ST ADVANCE LIMITED at £0 based on an EBITDA of £-2.7k and a 5.16x industry multiple (adjusted for size and gross margin).
1st advance limited Estimated Valuation
Pomanda estimates the enterprise value of 1ST ADVANCE LIMITED at £0 based on Net Assets of £-33.8k and 2.26x industry multiple (adjusted for liquidity).
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1st Advance Limited Overview
1st Advance Limited is a live company located in berkshire, RG40 1JB with a Companies House number of 04531487. It operates in the other information technology service activities sector, SIC Code 62090. Founded in September 2002, it's largest shareholder is philip harragan with a 50% stake. 1st Advance Limited is a mature, micro sized company, Pomanda has estimated its turnover at £238.8k with healthy growth in recent years.
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1st Advance Limited Health Check
Pomanda's financial health check has awarded 1St Advance Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £238.8k, make it smaller than the average company (£7.3m)
- 1st Advance Limited
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (8%)
- 1st Advance Limited
8% - Industry AVG
Production
with a gross margin of 51.5%, this company has a comparable cost of product (51.5%)
- 1st Advance Limited
51.5% - Industry AVG
Profitability
an operating margin of -1.1% make it less profitable than the average company (3.6%)
- 1st Advance Limited
3.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (43)
2 - 1st Advance Limited
43 - Industry AVG
Pay Structure
on an average salary of £74.4k, the company has an equivalent pay structure (£74.4k)
- 1st Advance Limited
£74.4k - Industry AVG
Efficiency
resulting in sales per employee of £119.4k, this is less efficient (£178.1k)
- 1st Advance Limited
£178.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- 1st Advance Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (33 days)
- 1st Advance Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- 1st Advance Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 34 weeks, this is more cash available to meet short term requirements (14 weeks)
34 weeks - 1st Advance Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 179.7%, this is a higher level of debt than the average (64.7%)
179.7% - 1st Advance Limited
64.7% - Industry AVG
1ST ADVANCE LIMITED financials
1St Advance Limited's latest turnover from December 2023 is estimated at £238.8 thousand and the company has net assets of -£33.8 thousand. According to their latest financial statements, 1St Advance Limited has 2 employees and maintains cash reserves of £18.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | 263 | 589 | 747 | 1,279 | 4,603 | 5,693 | 6,100 | 8,136 | 10,858 | 11,165 | 13,940 | 16,203 | 14,787 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,562 | 3,088 | 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 | 0 | 0 | 263 | 589 | 747 | 1,279 | 4,603 | 5,693 | 6,100 | 8,136 | 10,858 | 11,165 | 15,502 | 19,291 | 14,787 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 277 | 298 | 295 | 295 | 0 |
| Trade Debtors | 0 | 0 | 66 | 25,754 | 265 | 15,474 | 11,359 | 56,749 | 9,660 | 243,603 | 128,518 | 176,491 | 154,090 | 163,469 | 332,770 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 24,080 | 40,349 | 58,290 | 46,238 | 22,807 | 683 | 403 | 3,252 | 43,937 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 18,309 | 480 | 3,297 | 775 | 26,208 | 1,204 | 7,265 | 20,646 | 21,258 | 10,784 | 8,886 | 17,601 | 22,359 | 58,037 | 1 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 42,389 | 40,829 | 61,653 | 72,767 | 49,280 | 17,361 | 19,027 | 80,647 | 74,855 | 254,387 | 137,681 | 194,390 | 176,744 | 221,801 | 332,771 |
| total assets | 42,389 | 40,829 | 61,916 | 73,356 | 50,027 | 18,640 | 23,630 | 86,340 | 80,955 | 262,523 | 148,539 | 205,555 | 192,246 | 241,092 | 347,558 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 19,814 | 7,265 | 7,641 | 7,846 | 4,955 | 4,624 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 227 | 1,279 | 2,388 | 718 | 1,965 | 1,444 | 1,354 | 23,604 | 12,263 | 44,108 | 32,906 | 202,883 | 170,510 | 227,746 | 289,259 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 205,527 | 103,192 | 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 | 7,262 | 15,455 | 24,205 | 38,063 | 33,100 | 1,720 | 21,247 | 48,523 | 52,340 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 27,303 | 23,999 | 34,234 | 46,627 | 40,020 | 7,788 | 22,601 | 72,127 | 64,603 | 249,635 | 136,098 | 202,883 | 170,510 | 227,746 | 289,259 |
| loans | 48,871 | 41,800 | 46,204 | 47,904 | 12,293 | 17,304 | 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 |
| 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 | 0 | 0 | 573 | 1,367 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,600 | 1,600 | 1,500 | 1,900 | 0 | 1,687 |
| total long term liabilities | 48,871 | 41,800 | 46,204 | 47,904 | 12,293 | 17,304 | 0 | 0 | 0 | 2,173 | 2,967 | 1,500 | 1,900 | 0 | 1,687 |
| total liabilities | 76,174 | 65,799 | 80,438 | 94,531 | 52,313 | 25,092 | 22,601 | 72,127 | 64,603 | 251,808 | 139,065 | 204,383 | 172,410 | 227,746 | 290,946 |
| net assets | -33,785 | -24,970 | -18,522 | -21,175 | -2,286 | -6,452 | 1,029 | 14,213 | 16,352 | 10,715 | 9,474 | 1,172 | 19,836 | 13,346 | 56,612 |
| total shareholders funds | -33,785 | -24,970 | -18,522 | -21,175 | -2,286 | -6,452 | 1,029 | 14,213 | 16,352 | 10,715 | 9,474 | 1,172 | 19,836 | 13,346 | 56,612 |
| Dec 2023 | 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 | |||||||||||||||
| Depreciation | 0 | 0 | 326 | 580 | 896 | 4,070 | 1,540 | 1,904 | 2,036 | 3,164 | 4,362 | 4,163 | 4,776 | 5,258 | 4,935 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,562 | 1,526 | 1,490 | 0 |
| Tax | |||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -277 | -21 | 3 | 0 | 295 | 0 |
| Debtors | -16,269 | -18,007 | -13,636 | 48,920 | 6,915 | 4,395 | -48,239 | 6,404 | -190,006 | 115,085 | -47,973 | 22,401 | -9,379 | -169,301 | 332,770 |
| Creditors | -1,052 | -1,109 | 1,670 | -1,247 | 521 | 90 | -22,250 | 11,341 | -31,845 | 11,202 | -169,977 | 32,373 | -57,236 | -61,513 | 289,259 |
| Accruals and Deferred Income | -8,193 | -8,750 | -13,858 | 4,963 | 31,380 | -19,527 | -27,276 | -3,817 | 52,340 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,600 | 0 | 100 | -400 | 1,900 | -1,687 | 1,687 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 12,549 | -376 | -205 | 2,891 | 331 | 4,624 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -205,527 | 102,335 | 103,192 | 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 | 7,071 | -4,404 | -1,700 | 35,611 | -5,011 | 17,304 | 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 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -573 | -794 | 1,367 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 17,829 | -2,817 | 2,522 | -25,433 | 25,004 | -6,061 | -13,381 | -612 | 10,474 | 1,898 | -8,715 | -4,758 | -35,678 | 58,036 | 1 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 17,829 | -2,817 | 2,522 | -25,433 | 25,004 | -6,061 | -13,381 | -612 | 10,474 | 1,898 | -8,715 | -4,758 | -35,678 | 58,036 | 1 |
1st advance limited Credit Report and Business Information
1st Advance Limited Competitor Analysis
Perform a competitor analysis for 1st advance limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in RG40 area or any other competitors across 12 key performance metrics.
1st advance limited Ownership
1ST ADVANCE LIMITED group structure
1St Advance Limited has no subsidiary companies.
Ultimate parent company
1ST ADVANCE LIMITED
04531487
1st advance limited directors
1St Advance Limited currently has 2 directors. The longest serving directors include Mr Stephen Wilkinson (Sep 2002) and Mr Philip Harragan (Jun 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Wilkinson | England | 61 years | Sep 2002 | - | Director |
| Mr Philip Harragan | United Kingdom | 60 years | Jun 2004 | - | Director |
P&L
December 2023turnover
238.8k
+3%
operating profit
-2.7k
0%
gross margin
51.5%
-1.36%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-33.8k
+0.35%
total assets
42.4k
+0.04%
cash
18.3k
+37.14%
net assets
Total assets minus all liabilities
1st advance limited company details
company number
04531487
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
September 2002
age
23
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
the linux partnership limited (December 2002)
accountant
LB GROUP
auditor
-
address
albany house 14 shute end, wokingham, berkshire, RG40 1JB
Bank
-
Legal Advisor
-
1st advance 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 1st advance limited.
1st advance limited 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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1st advance limited Companies House Filings - See Documents
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