first greater western limited

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first greater western limited Company Information

Share FIRST GREATER WESTERN LIMITED
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Company Number

05113733

Registered Address

milford house 1 milford street, swindon, wiltshire, SN1 1HL

Industry

Passenger rail transport, interurban

 

Telephone

03457484950

Next Accounts Due

December 2024

Group Structure

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Directors

Clive Burrows16 Years

Mark Hopwood16 Years

View All

Shareholders

first rail holdings ltd 100%

first greater western limited Estimated Valuation

£5.7b

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

£526m

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

£70.8m

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).

Valuation Calculator
This valuation is estimated based on financial data from March 2023 

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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

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

4 Regular

positive_score

4 Weak

size

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

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (-0.1%)

0% - First Greater Western Limited

-0.1% - Industry AVG

production

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

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

Employees

with 6447 employees, this is above the industry average (119)

6447 - First Greater Western Limited

119 - Industry AVG

paystructure

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

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

debtordays

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

creditordays

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

stockdays

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

cashbalance

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

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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First Greater Western Limited Competitor Analysis

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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 Shareholders

first rail holdings ltd 100%

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).

officercountryagestartendrole
Mr Clive BurrowsUnited Kingdom65 years Sep 2007- Director
Mr Mark HopwoodEngland52 years Jan 2008- Director
Mr Hugh ClancyUnited Kingdom60 years Jan 2010- Director
Mr Stephen MontgomeryUnited Kingdom61 years Oct 2015- Director
Mr Duncan Rimmer52 years Jun 2019- Director
Ms Sally BennettUnited Kingdom40 years Oct 2019- Director
Mr Michael NelsonUnited Kingdom53 years Jun 2020- Director
Mr Richard RowlandUnited Kingdom57 years Jan 2022- Director
Mr David StathamEngland55 years Jun 2023- Director

FIRST GREATER WESTERN LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover1,419,584,0001,372,293,0001,349,785,0001,439,493,0001,257,285,0001,019,613,000998,401,0001,009,705,000956,329,0001,067,970,0001,130,274,0001,018,928,000902,842,000845,011,000
Other Income Or Grants00000000000000
Cost Of Sales1,071,747,2861,003,577,3641,125,865,6141,139,081,734966,064,111739,238,168691,954,620680,447,451674,208,689784,071,528857,285,723777,810,249641,414,345598,950,774
Gross Profit347,836,714368,715,636223,919,386300,411,266291,220,889280,374,832306,446,380329,257,549282,120,311283,898,472272,988,277241,117,751261,427,655246,060,226
Admin Expenses324,132,714338,187,636184,383,386247,696,266237,299,889237,335,832259,319,380273,158,549253,743,311274,073,472293,590,277249,885,751313,700,655236,617,226
Operating Profit23,704,00030,528,00039,536,00052,715,00053,921,00043,039,00047,127,00056,099,00028,377,0009,825,000-20,602,000-8,768,000-52,273,0009,443,000
Interest Payable0016,000003,0000348,0001,581,00015,912,00015,948,00018,773,00024,435,00017,998,000
Interest Receivable430,000468,000353,0002,120,0002,040,0001,111,0001,016,0001,035,000829,00025,746,00026,561,00027,609,00022,378,00015,773,000
Pre-Tax Profit24,134,00030,996,00039,873,00054,835,00055,961,00044,147,00048,143,00056,786,00027,625,00019,659,000-9,989,00068,000-54,330,0007,218,000
Tax-5,316,000-3,290,000-8,584,000-9,665,000-11,865,000-8,871,000-10,388,000-11,556,000-6,202,000-4,456,00030,000390,00012,409,000-2,273,000
Profit After Tax18,818,00027,706,00031,289,00045,170,00044,096,00035,276,00037,755,00045,230,00021,423,00015,203,000-9,959,000458,000-41,921,0004,945,000
Dividends Paid20,000,00033,000,00019,000,00040,000,00050,000,00040,000,00030,000,00039,000,00050,000,00000000
Retained Profit-1,182,000-5,294,00012,289,0005,170,000-5,904,000-4,724,0007,755,0006,230,000-28,577,00015,203,000-9,959,000458,000-41,921,0004,945,000
Employee Costs376,983,000367,445,000352,023,000363,001,000339,911,000330,233,000321,154,000318,092,000292,074,000263,256,000239,379,000223,410,000204,264,000194,697,000
Number Of Employees6,4476,5406,6156,4695,9496,0565,9185,8305,6085,3005,0814,8484,7844,840
EBITDA*41,495,00070,347,00043,047,000142,861,000125,230,000127,995,000104,859,000113,532,00087,104,00073,945,00052,830,00029,783,000-18,238,00042,811,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets62,445,00062,062,00084,663,00059,169,00090,468,00090,972,00080,599,00066,902,00052,532,00047,168,00060,396,00082,948,00083,219,00089,371,000
Intangible Assets2,940,0001,832,00037,0000866,0003,293,0003,943,00003,250,00010,400,00000011,143,000
Investments & Other0000008,975,0007,681,000000000
Debtors (Due After 1 year)00000000000015,447,0000
Total Fixed Assets65,385,00063,894,00084,700,00059,169,00091,334,00094,265,00093,517,00074,583,00055,782,00057,568,00060,396,00082,948,00098,666,000100,514,000
Stock & work in progress8,037,00012,106,00010,353,00011,125,00011,536,00012,217,00016,059,00015,273,00015,251,00015,989,00015,553,00011,109,00014,800,00014,238,000
Trade Debtors81,516,00061,141,00029,412,00040,311,00078,225,00058,960,00047,035,00039,488,00046,842,00042,111,00038,512,00043,056,00039,296,00031,712,000
Group Debtors2,214,0006,355,0007,369,000434,000716,00001,475,0002,070,0001,281,00061,00011,444,00023,103,0002,175,000922,000
Misc Debtors104,827,00063,316,00066,246,000108,775,000112,136,000044,702,00049,664,00042,371,00043,665,00039,819,00031,442,00032,417,00029,144,000
Cash151,369,000249,411,000312,609,000276,227,000252,353,000234,977,000245,526,000202,889,000171,138,000147,029,00020,294,00072,762,00075,793,000110,018,000
misc current assets00000000000000
total current assets347,963,000392,329,000425,989,000436,872,000454,966,000385,141,000354,797,000309,384,000276,883,000248,855,000125,622,000181,472,000164,481,000186,034,000
total assets413,348,000456,223,000510,689,000496,041,000546,300,000479,406,000448,314,000383,967,000332,665,000306,423,000186,018,000264,420,000263,147,000286,548,000
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 82,899,00059,979,00035,626,00071,049,00054,897,00056,829,00067,889,00056,853,00051,784,00074,552,00059,584,00066,060,00042,404,00045,048,000
Group/Directors Accounts24,648,00029,899,00025,102,0007,707,0006,440,0009,317,0008,691,00010,182,00020,463,00021,715,00026,875,00041,487,00013,294,00051,988,000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities213,451,000338,515,000317,785,000319,591,000444,870,000359,319,000316,853,000280,884,000241,913,000161,194,000134,318,000175,868,000141,496,000116,699,000
total current liabilities320,998,000428,393,000378,513,000398,347,000506,207,000425,465,000393,433,000347,919,000314,160,000257,461,000220,777,000283,415,000197,194,000213,735,000
loans0000000008,856,0000035,429,00044,286,000
hp & lease commitments0000027,264,0008,361,0000000000
Accruals and Deferred Income8,443,0000000000000000
other liabilities47,535,000089,220,00000000000000
provisions9,724,00009,832,00013,903,00024,428,0005,623,00021,281,00018,959,0008,105,0005,000,0002,024,0003,442,00050,998,0003,083,000
total long term liabilities65,702,000099,052,00013,903,00024,428,00032,887,00029,642,00018,959,0008,105,00023,820,0007,290,00012,608,00099,807,00059,236,000
total liabilities386,700,000428,393,000477,565,000412,250,000530,635,000458,352,000423,075,000366,878,000322,265,000281,281,000228,067,000296,023,000297,001,000272,971,000
net assets26,648,00027,830,00033,124,00083,791,00015,665,00021,054,00025,239,00017,089,00010,400,00025,142,000-42,049,000-31,603,000-33,854,00013,577,000
total shareholders funds26,648,00027,830,00033,124,00083,791,00015,665,00021,054,00025,239,00017,089,00010,400,00025,142,000-42,049,000-31,603,000-33,854,00013,577,000
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit23,704,00030,528,00039,536,00052,715,00053,921,00043,039,00047,127,00056,099,00028,377,0009,825,000-20,602,000-8,768,000-52,273,0009,443,000
Depreciation17,686,00039,819,0003,511,00089,280,00068,770,00082,944,00057,433,00054,183,00051,577,00060,820,00073,432,00038,551,00030,321,00029,654,000
Amortisation105,00000866,0002,539,0002,012,000299,0003,250,0007,150,0003,300,000003,714,0003,714,000
Tax-5,316,000-3,290,000-8,584,000-9,665,000-11,865,000-8,871,000-10,388,000-11,556,000-6,202,000-4,456,00030,000390,00012,409,000-2,273,000
Stock-4,069,0001,753,000-772,000-411,000-681,000-3,842,000786,00022,000-738,000436,0004,444,000-3,691,000562,00014,238,000
Debtors57,745,00027,785,000-46,493,000-41,557,00053,130,00044,735,0001,990,000728,0004,657,000-3,938,000-7,826,0008,266,00027,557,00061,778,000
Creditors22,920,00024,353,000-35,423,00016,152,000-1,932,000-11,060,00011,036,0005,069,000-22,768,00014,968,000-6,476,00023,656,000-2,644,00045,048,000
Accruals and Deferred Income-116,621,00020,730,000-1,806,000-125,279,00085,551,00042,466,00035,969,00038,971,00080,719,00026,876,000-41,550,00034,372,00024,797,000116,699,000
Deferred Taxes & Provisions9,724,000-9,832,000-4,071,000-10,525,00018,805,000-15,658,0002,322,00010,854,0003,105,0002,976,000-1,418,000-47,556,00047,915,0003,083,000
Cash flow from operations-101,474,00072,770,00040,428,00055,512,000163,340,00093,979,000141,022,000156,120,000138,039,000117,811,0006,798,00036,070,00036,120,000129,352,000
Investing Activities
capital expenditure-19,282,000-19,013,000-29,042,000-57,981,000-68,378,000-94,679,000-75,372,000-68,553,000-56,941,000-61,292,000-50,880,000-38,280,000-16,740,000-133,882,000
Change in Investments00000-8,975,0001,294,0007,681,000000000
cash flow from investments-19,282,000-19,013,000-29,042,000-57,981,000-68,378,000-85,704,000-76,666,000-76,234,000-56,941,000-61,292,000-50,880,000-38,280,000-16,740,000-133,882,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts-5,251,0004,797,00017,395,0001,267,000-2,877,000626,000-1,491,000-10,281,000-1,252,000-5,160,000-14,612,00028,193,000-38,694,00051,988,000
Other Short Term Loans 00000000000000
Long term loans00000000-8,856,0008,856,0000-35,429,000-8,857,00044,286,000
Hire Purchase and Lease Commitments0000-27,264,00018,903,0008,361,0000000000
other long term liabilities47,535,000-89,220,00089,220,00000000000000
share issue00-62,956,00062,956,000515,000539,000395,000459,00013,835,00051,988,000-487,0001,793,000-5,510,0008,632,000
interest430,000468,000337,0002,120,0002,040,0001,108,0001,016,000687,000-752,0009,834,00010,613,0008,836,000-2,057,000-2,225,000
cash flow from financing42,714,000-83,955,00043,996,00066,343,000-27,586,00021,176,0008,281,000-9,135,0002,975,00065,518,000-4,486,0003,393,000-55,118,000102,681,000
cash and cash equivalents
cash-98,042,000-63,198,00036,382,00023,874,00017,376,000-10,549,00042,637,00031,751,00024,109,000126,735,000-52,468,000-3,031,000-34,225,000110,018,000
overdraft00000000000000
change in cash-98,042,000-63,198,00036,382,00023,874,00017,376,000-10,549,00042,637,00031,751,00024,109,000126,735,000-52,468,000-3,031,000-34,225,000110,018,000

P&L

March 2023

turnover

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 2023

net 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.

charges

first greater western limited Companies House Filings - See Documents

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