First Managed Services Limited

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first managed services limited Company Information

Company Number

05489844

Next Accounts

Dec 2025

Directors

Matthew Reddy

Shareholders

first personnel group limited

Group Structure

View All

Industry

Temporary employment agency activities

Registered Address

celtic house, 135-140 hatherton street, walsall, west midlands, WS1 1YB

Website

www.dpmidlands.co.uk

first managed services limited Estimated Valuation

£2k

Pomanda estimates the enterprise value of FIRST MANAGED SERVICES LIMITED at £2k based on a Turnover of £15.6k and 0.13x industry multiple (adjusted for size and gross margin).

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First Managed Services Limited is a live company located in walsall, WS1 1YB with a Companies House number of 05489844. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in June 2005, it's largest shareholder is first personnel group limited with a 100% stake. First Managed Services Limited is a mature, micro sized company, Pomanda has estimated its turnover at £15.6k with rapid growth in recent years.

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Pomanda's financial health check has awarded First Managed Services Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

2 Regular

4 Weak

Size

annual sales of £15.6k, make it smaller than the average company (£13.3m)

Growth

3 year (CAGR) sales growth of 205%, show it is growing at a faster rate (8%)

EXPORT

First Managed Services Limited's latest turnover from March 2024 is estimated at £15.6 thousand and the company has net assets of £100. According to their latest financial statements, First Managed Services Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Dec 2016
Turnover	15,587	17,785	31,239	551		9,637,791	9,392,385	14,760,908
Other Income Or Grants
Cost Of Sales	13,841	15,783	28,130	499		8,583,097	8,334,041	13,148,396
Gross Profit	1,745	2,002	3,109	52		1,054,694	1,058,344	1,612,512
Admin Expenses	1,745	2,002	3,109	52	-72,336	913,328	999,160	1,552,200
Operating Profit					72,336	141,366	59,184	60,312
Interest Payable					72,213	141,375	59,190	60,319
Interest Receivable						9	6	7
Pre-Tax Profit					123
Tax					-23
Profit After Tax					100
Dividends Paid
Retained Profit					100
Employee Costs	49,350	48,887	44,603	40,989		778,848	1,044,924	814,495
Number Of Employees	1	1	1	1		20	27	20
EBITDA*					72,336	141,366	159,572	78,207

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Dec 2016	Mar 2016
Tangible Assets								24,480
Intangible Assets						372,207	416,707	388,863
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets						372,207	416,707	413,343
Stock & work in progress
Trade Debtors	428	100	2,694	100		2,388,573	2,300,239	4,452,005
Group Debtors							2,609,322
Misc Debtors							17,681	66,400	2
Cash					302		2,310	5,590
misc current assets
total current assets	428	100	2,694	100	302	2,400,770	4,929,552	4,523,995	2
total assets	428	100	2,694	100	302	2,772,977	5,346,259	4,937,338	2
Bank overdraft						1,412,541
Bank loan							1,821,235	1,930,197
Trade Creditors	328		2,594					48,501
Group/Directors Accounts							3,032,563	2,007,066
other short term finances						955,104
hp & lease commitments
other current liabilities					202		492,361	951,474
total current liabilities	328		2,594		202	2,772,877	5,346,159	4,937,238
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities	328		2,594		202	2,772,877	5,346,159	4,937,238
net assets	100	100	100	100	100	100	100	100	2
total shareholders funds	100	100	100	100	100	100	100	100	2

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Dec 2016	Mar 2016
Operating Activities
Operating Profit					72,336	141,366	59,184	60,312
Depreciation								988
Amortisation							100,388	16,907
Tax					-23
Stock
Debtors	328	-2,594	2,594	100	-2,388,573	-2,538,669	4,927,242	4,518,405	2
Creditors	328	-2,594	2,594					48,501
Accruals and Deferred Income				-202	202	-492,361	492,361	951,474
Deferred Taxes & Provisions
Cash flow from operations				-302	2,461,088	2,187,674	-4,275,309	-3,440,223	-2
Investing Activities
capital expenditure					372,207	44,500	-517,095	-431,238
Change in Investments
cash flow from investments					372,207	44,500	-517,095	-431,238
Financing Activities
Bank loans						-1,821,235	1,821,235	1,930,197
Group/Directors Accounts						-3,032,563	3,032,563	2,007,066
Other Short Term Loans					-955,104	955,104
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue					-100		100	100	2
interest					-72,213	-141,366	-59,184	-60,312
cash flow from financing					-1,027,417	-4,040,060	4,794,714	3,877,051	2
cash and cash equivalents
cash				-302	302	-2,310	2,310	5,590
overdraft					-1,412,541	1,412,541
change in cash				-302	1,412,843	-1,414,851	2,310	5,590

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 managed services limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in WS1 area or any other competitors across 12 key performance metrics.

FIRST MANAGED SERVICES LIMITED group structure

First Managed Services Limited has no subsidiary companies.

Ultimate parent company

FIRST PERSONNEL GROUP LIMITED

02904526

1 parent

FIRST MANAGED SERVICES LIMITED

05489844

FIRST MANAGED SERVICES LIMITED Shareholders

first personnel group limited

100%

First Managed Services Limited currently has 1 director, Mr Matthew Reddy serving since Oct 2012.

officer	country	age	start	end	role
Mr Matthew Reddy	England	45 years	Oct 2012	-	Director

P&L

March 2024

turnover

15.6k

-12%

operating profit

gross margin

11.2%

-0.51%

turnover

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

Balance Sheet

March 2024

net assets

100

total assets

428

+3.28%

cash

net assets

Total assets minus all liabilities

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company number

05489844

Type

Private limited with Share Capital

industry

78200 - Temporary employment agency activities

incorporation date

June 2005

ultimate parent company

FIRST PERSONNEL GROUP LIMITED

previous names

foresight recruitment solutions limited (June 2023)

midland personnel limited (July 2016)

address

celtic house, 135-140 hatherton street, walsall, west midlands, WS1 1YB

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 found 3 charges/mortgages relating to first managed services limited. Currently there are 0 open charges and 3 have been satisfied in the past.

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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first managed services limited Company Information

first managed services limited Estimated Valuation

first managed services limited Estimated Valuation

first managed services limited Estimated Valuation

First Managed Services Limited Overview

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FIRST MANAGED SERVICES LIMITED financials

first managed services limited Credit Report and Business Information

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first managed services limited Companies House Filings - See Documents