first greater western limited Company Information
Company Number
05113733
Website
http://gwr.comRegistered Address
milford house 1 milford street, swindon, wiltshire, SN1 1HL
Industry
Passenger rail transport, interurban
Telephone
03457484950
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
first rail holdings ltd 100%
first greater western limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST GREATER WESTERN LIMITED at £5.7b based on a Turnover of £1.4b and 4x industry multiple (adjusted for size and gross margin).
first greater western limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST GREATER WESTERN LIMITED at £526m based on an EBITDA of £41.5m and a 12.68x industry multiple (adjusted for size and gross margin).
first greater western limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST GREATER WESTERN LIMITED at £70.8m based on Net Assets of £26.6m and 2.66x industry multiple (adjusted for liquidity).
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First Greater Western Limited Overview
First Greater Western Limited is a live company located in wiltshire, SN1 1HL with a Companies House number of 05113733. It operates in the passenger rail transport, interurban sector, SIC Code 49100. Founded in April 2004, it's largest shareholder is first rail holdings ltd with a 100% stake. First Greater Western Limited is a mature, mega sized company, Pomanda has estimated its turnover at £1.4b with declining growth in recent years.
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First Greater Western Limited Health Check
Pomanda's financial health check has awarded First Greater Western 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
4 Regular
4 Weak
Size
annual sales of £1.4b, make it larger than the average company (£4.6m)
£1.4b - First Greater Western Limited
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (-0.1%)
- First Greater Western Limited
-0.1% - Industry AVG
Production
with a gross margin of 24.5%, this company has a comparable cost of product (24.5%)
24.5% - First Greater Western Limited
24.5% - Industry AVG
Profitability
an operating margin of 1.7% make it as profitable than the average company (1.9%)
1.7% - First Greater Western Limited
1.9% - Industry AVG
Employees
with 6447 employees, this is above the industry average (119)
6447 - First Greater Western Limited
119 - Industry AVG
Pay Structure
on an average salary of £58.5k, the company has an equivalent pay structure (£53.2k)
£58.5k - First Greater Western Limited
£53.2k - Industry AVG
Efficiency
resulting in sales per employee of £220.2k, this is more efficient (£176.6k)
£220.2k - First Greater Western Limited
£176.6k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is later than average (17 days)
20 days - First Greater Western Limited
17 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is close to average (31 days)
28 days - First Greater Western Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (17 days)
2 days - First Greater Western Limited
17 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is less cash available to meet short term requirements (33 weeks)
24 weeks - First Greater Western Limited
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.6%, this is a higher level of debt than the average (54.4%)
93.6% - First Greater Western Limited
54.4% - Industry AVG
first greater western limited Credit Report and Business Information
First Greater Western Limited Competitor Analysis
Perform a competitor analysis for first greater western limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
first greater western limited Ownership
FIRST GREATER WESTERN LIMITED group structure
First Greater Western Limited has no subsidiary companies.
Ultimate parent company
2 parents
FIRST GREATER WESTERN LIMITED
05113733
first greater western limited directors
First Greater Western Limited currently has 9 directors. The longest serving directors include Mr Clive Burrows (Sep 2007) and Mr Mark Hopwood (Jan 2008).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Clive Burrows | United Kingdom | 65 years | Sep 2007 | - | Director |
Mr Mark Hopwood | England | 52 years | Jan 2008 | - | Director |
Mr Hugh Clancy | United Kingdom | 60 years | Jan 2010 | - | Director |
Mr Stephen Montgomery | United Kingdom | 61 years | Oct 2015 | - | Director |
Mr Duncan Rimmer | 52 years | Jun 2019 | - | Director | |
Ms Sally Bennett | United Kingdom | 40 years | Oct 2019 | - | Director |
Mr Michael Nelson | United Kingdom | 53 years | Jun 2020 | - | Director |
Mr Richard Rowland | United Kingdom | 57 years | Jan 2022 | - | Director |
Mr David Statham | England | 55 years | Jun 2023 | - | Director |
FIRST GREATER WESTERN LIMITED financials
First Greater Western Limited's latest turnover from March 2023 is £1.4 billion and the company has net assets of £26.6 million. According to their latest financial statements, First Greater Western Limited has 6,447 employees and maintains cash reserves of £151.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 1,419,584,000 | 1,372,293,000 | 1,349,785,000 | 1,439,493,000 | 1,257,285,000 | 1,019,613,000 | 998,401,000 | 1,009,705,000 | 956,329,000 | 1,067,970,000 | 1,130,274,000 | 1,018,928,000 | 902,842,000 | 845,011,000 |
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | 23,704,000 | 30,528,000 | 39,536,000 | 52,715,000 | 53,921,000 | 43,039,000 | 47,127,000 | 56,099,000 | 28,377,000 | 9,825,000 | -20,602,000 | -8,768,000 | -52,273,000 | 9,443,000 |
Interest Payable | 0 | 0 | 16,000 | 0 | 0 | 3,000 | 0 | 348,000 | 1,581,000 | 15,912,000 | 15,948,000 | 18,773,000 | 24,435,000 | 17,998,000 |
Interest Receivable | 430,000 | 468,000 | 353,000 | 2,120,000 | 2,040,000 | 1,111,000 | 1,016,000 | 1,035,000 | 829,000 | 25,746,000 | 26,561,000 | 27,609,000 | 22,378,000 | 15,773,000 |
Pre-Tax Profit | 24,134,000 | 30,996,000 | 39,873,000 | 54,835,000 | 55,961,000 | 44,147,000 | 48,143,000 | 56,786,000 | 27,625,000 | 19,659,000 | -9,989,000 | 68,000 | -54,330,000 | 7,218,000 |
Tax | -5,316,000 | -3,290,000 | -8,584,000 | -9,665,000 | -11,865,000 | -8,871,000 | -10,388,000 | -11,556,000 | -6,202,000 | -4,456,000 | 30,000 | 390,000 | 12,409,000 | -2,273,000 |
Profit After Tax | 18,818,000 | 27,706,000 | 31,289,000 | 45,170,000 | 44,096,000 | 35,276,000 | 37,755,000 | 45,230,000 | 21,423,000 | 15,203,000 | -9,959,000 | 458,000 | -41,921,000 | 4,945,000 |
Dividends Paid | 20,000,000 | 33,000,000 | 19,000,000 | 40,000,000 | 50,000,000 | 40,000,000 | 30,000,000 | 39,000,000 | 50,000,000 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | -1,182,000 | -5,294,000 | 12,289,000 | 5,170,000 | -5,904,000 | -4,724,000 | 7,755,000 | 6,230,000 | -28,577,000 | 15,203,000 | -9,959,000 | 458,000 | -41,921,000 | 4,945,000 |
Employee Costs | 376,983,000 | 367,445,000 | 352,023,000 | 363,001,000 | 339,911,000 | 330,233,000 | 321,154,000 | 318,092,000 | 292,074,000 | 263,256,000 | 239,379,000 | 223,410,000 | 204,264,000 | 194,697,000 |
Number Of Employees | 6,447 | 6,540 | 6,615 | 6,469 | 5,949 | 6,056 | 5,918 | 5,830 | 5,608 | 5,300 | 5,081 | 4,848 | 4,784 | 4,840 |
EBITDA* | 41,495,000 | 70,347,000 | 43,047,000 | 142,861,000 | 125,230,000 | 127,995,000 | 104,859,000 | 113,532,000 | 87,104,000 | 73,945,000 | 52,830,000 | 29,783,000 | -18,238,000 | 42,811,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 62,445,000 | 62,062,000 | 84,663,000 | 59,169,000 | 90,468,000 | 90,972,000 | 80,599,000 | 66,902,000 | 52,532,000 | 47,168,000 | 60,396,000 | 82,948,000 | 83,219,000 | 89,371,000 |
Intangible Assets | 2,940,000 | 1,832,000 | 37,000 | 0 | 866,000 | 3,293,000 | 3,943,000 | 0 | 3,250,000 | 10,400,000 | 0 | 0 | 0 | 11,143,000 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 8,975,000 | 7,681,000 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,447,000 | 0 |
Total Fixed Assets | 65,385,000 | 63,894,000 | 84,700,000 | 59,169,000 | 91,334,000 | 94,265,000 | 93,517,000 | 74,583,000 | 55,782,000 | 57,568,000 | 60,396,000 | 82,948,000 | 98,666,000 | 100,514,000 |
Stock & work in progress | 8,037,000 | 12,106,000 | 10,353,000 | 11,125,000 | 11,536,000 | 12,217,000 | 16,059,000 | 15,273,000 | 15,251,000 | 15,989,000 | 15,553,000 | 11,109,000 | 14,800,000 | 14,238,000 |
Trade Debtors | 81,516,000 | 61,141,000 | 29,412,000 | 40,311,000 | 78,225,000 | 58,960,000 | 47,035,000 | 39,488,000 | 46,842,000 | 42,111,000 | 38,512,000 | 43,056,000 | 39,296,000 | 31,712,000 |
Group Debtors | 2,214,000 | 6,355,000 | 7,369,000 | 434,000 | 716,000 | 0 | 1,475,000 | 2,070,000 | 1,281,000 | 61,000 | 11,444,000 | 23,103,000 | 2,175,000 | 922,000 |
Misc Debtors | 104,827,000 | 63,316,000 | 66,246,000 | 108,775,000 | 112,136,000 | 0 | 44,702,000 | 49,664,000 | 42,371,000 | 43,665,000 | 39,819,000 | 31,442,000 | 32,417,000 | 29,144,000 |
Cash | 151,369,000 | 249,411,000 | 312,609,000 | 276,227,000 | 252,353,000 | 234,977,000 | 245,526,000 | 202,889,000 | 171,138,000 | 147,029,000 | 20,294,000 | 72,762,000 | 75,793,000 | 110,018,000 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 347,963,000 | 392,329,000 | 425,989,000 | 436,872,000 | 454,966,000 | 385,141,000 | 354,797,000 | 309,384,000 | 276,883,000 | 248,855,000 | 125,622,000 | 181,472,000 | 164,481,000 | 186,034,000 |
total assets | 413,348,000 | 456,223,000 | 510,689,000 | 496,041,000 | 546,300,000 | 479,406,000 | 448,314,000 | 383,967,000 | 332,665,000 | 306,423,000 | 186,018,000 | 264,420,000 | 263,147,000 | 286,548,000 |
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 | 82,899,000 | 59,979,000 | 35,626,000 | 71,049,000 | 54,897,000 | 56,829,000 | 67,889,000 | 56,853,000 | 51,784,000 | 74,552,000 | 59,584,000 | 66,060,000 | 42,404,000 | 45,048,000 |
Group/Directors Accounts | 24,648,000 | 29,899,000 | 25,102,000 | 7,707,000 | 6,440,000 | 9,317,000 | 8,691,000 | 10,182,000 | 20,463,000 | 21,715,000 | 26,875,000 | 41,487,000 | 13,294,000 | 51,988,000 |
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 | 213,451,000 | 338,515,000 | 317,785,000 | 319,591,000 | 444,870,000 | 359,319,000 | 316,853,000 | 280,884,000 | 241,913,000 | 161,194,000 | 134,318,000 | 175,868,000 | 141,496,000 | 116,699,000 |
total current liabilities | 320,998,000 | 428,393,000 | 378,513,000 | 398,347,000 | 506,207,000 | 425,465,000 | 393,433,000 | 347,919,000 | 314,160,000 | 257,461,000 | 220,777,000 | 283,415,000 | 197,194,000 | 213,735,000 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,856,000 | 0 | 0 | 35,429,000 | 44,286,000 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 27,264,000 | 8,361,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 8,443,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 47,535,000 | 0 | 89,220,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 9,724,000 | 0 | 9,832,000 | 13,903,000 | 24,428,000 | 5,623,000 | 21,281,000 | 18,959,000 | 8,105,000 | 5,000,000 | 2,024,000 | 3,442,000 | 50,998,000 | 3,083,000 |
total long term liabilities | 65,702,000 | 0 | 99,052,000 | 13,903,000 | 24,428,000 | 32,887,000 | 29,642,000 | 18,959,000 | 8,105,000 | 23,820,000 | 7,290,000 | 12,608,000 | 99,807,000 | 59,236,000 |
total liabilities | 386,700,000 | 428,393,000 | 477,565,000 | 412,250,000 | 530,635,000 | 458,352,000 | 423,075,000 | 366,878,000 | 322,265,000 | 281,281,000 | 228,067,000 | 296,023,000 | 297,001,000 | 272,971,000 |
net assets | 26,648,000 | 27,830,000 | 33,124,000 | 83,791,000 | 15,665,000 | 21,054,000 | 25,239,000 | 17,089,000 | 10,400,000 | 25,142,000 | -42,049,000 | -31,603,000 | -33,854,000 | 13,577,000 |
total shareholders funds | 26,648,000 | 27,830,000 | 33,124,000 | 83,791,000 | 15,665,000 | 21,054,000 | 25,239,000 | 17,089,000 | 10,400,000 | 25,142,000 | -42,049,000 | -31,603,000 | -33,854,000 | 13,577,000 |
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | 23,704,000 | 30,528,000 | 39,536,000 | 52,715,000 | 53,921,000 | 43,039,000 | 47,127,000 | 56,099,000 | 28,377,000 | 9,825,000 | -20,602,000 | -8,768,000 | -52,273,000 | 9,443,000 |
Depreciation | 17,686,000 | 39,819,000 | 3,511,000 | 89,280,000 | 68,770,000 | 82,944,000 | 57,433,000 | 54,183,000 | 51,577,000 | 60,820,000 | 73,432,000 | 38,551,000 | 30,321,000 | 29,654,000 |
Amortisation | 105,000 | 0 | 0 | 866,000 | 2,539,000 | 2,012,000 | 299,000 | 3,250,000 | 7,150,000 | 3,300,000 | 0 | 0 | 3,714,000 | 3,714,000 |
Tax | -5,316,000 | -3,290,000 | -8,584,000 | -9,665,000 | -11,865,000 | -8,871,000 | -10,388,000 | -11,556,000 | -6,202,000 | -4,456,000 | 30,000 | 390,000 | 12,409,000 | -2,273,000 |
Stock | -4,069,000 | 1,753,000 | -772,000 | -411,000 | -681,000 | -3,842,000 | 786,000 | 22,000 | -738,000 | 436,000 | 4,444,000 | -3,691,000 | 562,000 | 14,238,000 |
Debtors | 57,745,000 | 27,785,000 | -46,493,000 | -41,557,000 | 53,130,000 | 44,735,000 | 1,990,000 | 728,000 | 4,657,000 | -3,938,000 | -7,826,000 | 8,266,000 | 27,557,000 | 61,778,000 |
Creditors | 22,920,000 | 24,353,000 | -35,423,000 | 16,152,000 | -1,932,000 | -11,060,000 | 11,036,000 | 5,069,000 | -22,768,000 | 14,968,000 | -6,476,000 | 23,656,000 | -2,644,000 | 45,048,000 |
Accruals and Deferred Income | -116,621,000 | 20,730,000 | -1,806,000 | -125,279,000 | 85,551,000 | 42,466,000 | 35,969,000 | 38,971,000 | 80,719,000 | 26,876,000 | -41,550,000 | 34,372,000 | 24,797,000 | 116,699,000 |
Deferred Taxes & Provisions | 9,724,000 | -9,832,000 | -4,071,000 | -10,525,000 | 18,805,000 | -15,658,000 | 2,322,000 | 10,854,000 | 3,105,000 | 2,976,000 | -1,418,000 | -47,556,000 | 47,915,000 | 3,083,000 |
Cash flow from operations | -101,474,000 | 72,770,000 | 40,428,000 | 55,512,000 | 163,340,000 | 93,979,000 | 141,022,000 | 156,120,000 | 138,039,000 | 117,811,000 | 6,798,000 | 36,070,000 | 36,120,000 | 129,352,000 |
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | -8,975,000 | 1,294,000 | 7,681,000 | 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 | -5,251,000 | 4,797,000 | 17,395,000 | 1,267,000 | -2,877,000 | 626,000 | -1,491,000 | -10,281,000 | -1,252,000 | -5,160,000 | -14,612,000 | 28,193,000 | -38,694,000 | 51,988,000 |
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 | -8,856,000 | 8,856,000 | 0 | -35,429,000 | -8,857,000 | 44,286,000 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -27,264,000 | 18,903,000 | 8,361,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 47,535,000 | -89,220,000 | 89,220,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | 430,000 | 468,000 | 337,000 | 2,120,000 | 2,040,000 | 1,108,000 | 1,016,000 | 687,000 | -752,000 | 9,834,000 | 10,613,000 | 8,836,000 | -2,057,000 | -2,225,000 |
cash flow from financing | 42,714,000 | -83,955,000 | 43,996,000 | 66,343,000 | -27,586,000 | 21,176,000 | 8,281,000 | -9,135,000 | 2,975,000 | 65,518,000 | -4,486,000 | 3,393,000 | -55,118,000 | 102,681,000 |
cash and cash equivalents | ||||||||||||||
cash | -98,042,000 | -63,198,000 | 36,382,000 | 23,874,000 | 17,376,000 | -10,549,000 | 42,637,000 | 31,751,000 | 24,109,000 | 126,735,000 | -52,468,000 | -3,031,000 | -34,225,000 | 110,018,000 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -98,042,000 | -63,198,000 | 36,382,000 | 23,874,000 | 17,376,000 | -10,549,000 | 42,637,000 | 31,751,000 | 24,109,000 | 126,735,000 | -52,468,000 | -3,031,000 | -34,225,000 | 110,018,000 |
P&L
March 2023turnover
1.4b
+3%
operating profit
23.7m
-22%
gross margin
24.6%
-8.81%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
26.6m
-0.04%
total assets
413.3m
-0.09%
cash
151.4m
-0.39%
net assets
Total assets minus all liabilities
first greater western limited company details
company number
05113733
Type
Private limited with Share Capital
industry
49100 - Passenger rail transport, interurban
incorporation date
April 2004
age
20
accounts
Full Accounts
ultimate parent company
previous names
quayshelfco 1087 limited (June 2004)
incorporated
UK
address
milford house 1 milford street, swindon, wiltshire, SN1 1HL
last accounts submitted
March 2023
first greater western 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 first greater western limited.
first greater western limited Companies House Filings - See Documents
date | description | view/download |
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