First Choice Supported Living Limited

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first choice supported living limited Company Information

Live

MatureSmallHigh

Company Number

05189880

Website

Registered Address

62 medway gardens, wembley, middlesex, HA0 2RJ

Industry

Other residential care activities

Residential care activities for learning disabilities, mental health and substance abuse

Telephone

02083851438

Next Accounts Due

September 2025

Group Structure

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Directors

Divya Gandhi20 Years

Shareholders

divyakumar gandhi 51%

amisha gandhi 49%

first choice supported living limited Estimated Valuation

£322.7k

Pomanda estimates the enterprise value of FIRST CHOICE SUPPORTED LIVING LIMITED at £322.7k based on Net Assets of £99.2k and 3.25x industry multiple (adjusted for liquidity).

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First Choice Supported Living Limited is a live company located in middlesex, HA0 2RJ with a Companies House number of 05189880. It operates in the residential care activities for mental difficulties, mental health and substance abuse sector, SIC Code 87200. Founded in July 2004, it's largest shareholder is divyakumar gandhi with a 51% stake. First Choice Supported Living Limited is a mature, small sized company, Pomanda has estimated its turnover at £554.5k with high growth in recent years.

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Pomanda's financial health check has awarded First Choice Supported Living Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

1 Regular

5 Weak

Size

annual sales of £554.5k, make it smaller than the average company (£2.4m)

Growth

3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (6%)

EXPORT

First Choice Supported Living Limited's latest turnover from December 2023 is estimated at £554.5 thousand and the company has net assets of £99.2 thousand. According to their latest financial statements, First Choice Supported Living Limited has 6 employees and maintains cash reserves of 0 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	554,503	470,069	354,691	303,851	453,128	421,686	561,898	211,759	190,964	664,354	482,453	559,425	653,817	937,302	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	411,054	347,639	265,312	224,253	333,487	303,364	406,295	148,415	133,826	467,859	331,761	385,724	442,473	635,433	0
Gross Profit	143,449	122,430	89,379	79,598	119,641	118,322	155,602	63,344	57,138	196,495	150,691	173,701	211,344	301,869	0
Admin Expenses	123,729	91,092	85,180	77,296	119,562	114,357	158,492	61,068	50,840	192,899	123,054	167,502	210,960	336,425	-69,488
Operating Profit	19,720	31,338	4,199	2,302	79	3,965	-2,890	2,276	6,298	3,596	27,637	6,199	384	-34,556	69,488
Interest Payable	0	0	0	0	0	0	0	33	40	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	0	206	155	165	435	514	206
Pre-Tax Profit	19,720	31,338	4,199	2,302	79	3,965	-2,890	2,665	6,708	3,801	27,792	6,364	819	-34,042	69,694
Tax	-4,930	-5,954	-798	-437	-15	-753	0	-729	-1,369	-798	-6,392	-1,527	-213	0	-19,514
Profit After Tax	14,790	25,384	3,401	1,865	64	3,212	-2,890	1,936	5,339	3,003	21,400	4,837	606	-34,042	50,180
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	14,790	25,384	3,401	1,865	64	3,212	-2,890	1,936	5,339	3,003	21,400	4,837	606	-34,042	50,180
Employee Costs	154,249	143,011	136,323	131,215	124,742	119,779	117,008	106,453	80,058	309,619	228,513	260,895	320,627	452,277	0
Number Of Employees	6	6	6	6	6	6	6	5	5	16	12	14	17	24	0
EBITDA*	19,720	31,338	4,199	2,302	79	3,965	-2,890	7,641	11,651	8,454	33,318	12,128	15,386	-19,617	73,046

* 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	6,298	7,873	9,840	12,301	15,436	19,377	20,634	21,381	26,137	25,857	23,075	26,953	29,646	32,405	24,890
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	8,036	16,071
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	6,298	7,873	9,840	12,301	15,436	19,377	20,634	21,381	26,137	25,857	23,075	26,953	29,646	40,441	40,961
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	127,843	107,482	68,648	57,896	87,842	82,892	120,134	115,839	27,776	58,235	37,170	43,404	37,142	43,168	46,397
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	115,159	35,119	47,090	15,074	51,059	123,028	82,536
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	127,843	107,482	68,648	57,896	87,842	82,892	120,134	115,839	142,935	93,354	84,260	58,478	88,201	166,196	128,933
total assets	134,141	115,355	78,488	70,197	103,278	102,269	140,768	137,220	169,072	119,211	107,335	85,431	117,847	206,637	169,894
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	33,462	29,484	18,013	13,137	46,783	36,768	84,560	82,561	117,649	73,127	64,254	63,750	101,003	190,399	119,614
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	33,462	29,484	18,013	13,137	46,783	36,768	84,560	82,561	117,649	73,127	64,254	63,750	101,003	190,399	119,614
loans	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
Accruals and Deferred Income	1,494	1,476	1,464	1,450	2,750	11,820	5,739	1,300	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	1,494	1,476	1,464	1,450	2,750	11,820	5,739	1,300	0	0	0	0	0	0	0
total liabilities	34,956	30,960	19,477	14,587	49,533	48,588	90,299	83,861	117,649	73,127	64,254	63,750	101,003	190,399	119,614
net assets	99,185	84,395	59,011	55,610	53,745	53,681	50,469	53,359	51,423	46,084	43,081	21,681	16,844	16,238	50,280
total shareholders funds	99,185	84,395	59,011	55,610	53,745	53,681	50,469	53,359	51,423	46,084	43,081	21,681	16,844	16,238	50,280

	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	19,720	31,338	4,199	2,302	79	3,965	-2,890	2,276	6,298	3,596	27,637	6,199	384	-34,556	69,488
Depreciation	0	0	0	0	0	0	0	5,365	5,353	4,858	5,681	5,929	6,966	6,904	3,558
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	8,036	8,035	0
Tax	-4,930	-5,954	-798	-437	-15	-753	0	-729	-1,369	-798	-6,392	-1,527	-213	0	-19,514
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	20,361	38,834	10,752	-29,946	4,950	-37,242	4,295	88,063	-30,459	21,065	-6,234	6,262	-6,026	-3,229	46,397
Creditors	3,978	11,471	4,876	-33,646	10,015	-47,792	1,999	-35,088	44,522	8,873	504	-37,253	-89,396	70,785	119,614
Accruals and Deferred Income	18	12	14	-1,300	-9,070	6,081	4,439	1,300	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-1,575	-1,967	-2,461	-3,135	-3,941	-1,257	-747	-114,939	85,263	-4,536	33,664	-32,914	-68,197	54,397	126,749
Investing Activities
capital expenditure	1,575	1,967	2,461	3,135	3,941	1,257	747	-609	-5,633	-7,640	-1,803	-3,236	-4,207	-14,419	-44,519
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	1,575	1,967	2,461	3,135	3,941	1,257	747	-609	-5,633	-7,640	-1,803	-3,236	-4,207	-14,419	-44,519
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	0	0	0	0	0	0	0	0	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	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	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	0	-33	-40	206	155	165	435	514	206
cash flow from financing	0	0	0	0	0	0	0	-33	-40	206	155	165	435	514	306
cash and cash equivalents
cash	0	0	0	0	0	0	0	-115,159	80,040	-11,971	32,016	-35,985	-71,969	40,492	82,536
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-115,159	80,040	-11,971	32,016	-35,985	-71,969	40,492	82,536

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for first choice supported living limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in HA0 area or any other competitors across 12 key performance metrics.

FIRST CHOICE SUPPORTED LIVING LIMITED group structure

First Choice Supported Living Limited has no subsidiary companies.

Ultimate parent company

FIRST CHOICE SUPPORTED LIVING LIMITED

05189880

FIRST CHOICE SUPPORTED LIVING LIMITED Shareholders

divyakumar gandhi	51%
amisha gandhi	49%

First Choice Supported Living Limited currently has 1 director, Mr Divya Gandhi serving since Jul 2004.

officer	country	age	start	end	role
Mr Divya Gandhi		65 years	Jul 2004	-	Director

P&L

December 2023

turnover

554.5k

+18%

operating profit

19.7k

gross margin

25.9%

-0.67%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

99.2k

+0.18%

total assets

134.1k

+0.16%

cash

net assets

Total assets minus all liabilities

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company number

05189880

Type

Private limited with Share Capital

industry

87900 - Other residential care activities

87200 - Residential care activities for learning disabilities, mental health and substance abuse

incorporation date

July 2004

ultimate parent company

None

previous names

N/A

address

62 medway gardens, wembley, middlesex, HA0 2RJ

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.

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first choice supported living limited Company Information

first choice supported living limited Estimated Valuation

first choice supported living limited Estimated Valuation

first choice supported living limited Estimated Valuation

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FIRST CHOICE SUPPORTED LIVING LIMITED financials

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