1st choice waste & metals limited
1st choice waste & metals limited Company Information
Company Number
05592770
Next Accounts
27 days late
Industry
Activities of head offices
Renting and leasing of trucks
Shareholders
cyril ford middleton henshaw
Group Structure
View All
Contact
Registered Address
carpenter court 1 maple road, bramhall, stockport, cheshire, SK7 2DH
1st choice waste & metals limited Estimated Valuation
Pomanda estimates the enterprise value of 1ST CHOICE WASTE & METALS LIMITED at £320.9k based on a Turnover of £557.4k and 0.58x industry multiple (adjusted for size and gross margin).
1st choice waste & metals limited Estimated Valuation
Pomanda estimates the enterprise value of 1ST CHOICE WASTE & METALS LIMITED at £0 based on an EBITDA of £-21.9k and a 3.21x industry multiple (adjusted for size and gross margin).
1st choice waste & metals limited Estimated Valuation
Pomanda estimates the enterprise value of 1ST CHOICE WASTE & METALS LIMITED at £6m based on Net Assets of £2.6m and 2.31x industry multiple (adjusted for liquidity).
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1st Choice Waste & Metals Limited Overview
1st Choice Waste & Metals Limited is a live company located in stockport, SK7 2DH with a Companies House number of 05592770. It operates in the activities of head offices sector, SIC Code 70100. Founded in October 2005, it's largest shareholder is cyril ford middleton henshaw with a 100% stake. 1st Choice Waste & Metals Limited is a mature, small sized company, Pomanda has estimated its turnover at £557.4k with unknown growth in recent years.
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1st Choice Waste & Metals Limited Health Check
Pomanda's financial health check has awarded 1St Choice Waste & Metals Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
4 Weak
Size
annual sales of £557.4k, make it smaller than the average company (£17.2m)
- 1st Choice Waste & Metals Limited
£17.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- 1st Choice Waste & Metals Limited
- - Industry AVG
Production
with a gross margin of 30.8%, this company has a comparable cost of product (30.8%)
- 1st Choice Waste & Metals Limited
30.8% - Industry AVG
Profitability
an operating margin of -4% make it less profitable than the average company (9.5%)
- 1st Choice Waste & Metals Limited
9.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (78)
2 - 1st Choice Waste & Metals Limited
78 - Industry AVG
Pay Structure
on an average salary of £46.6k, the company has an equivalent pay structure (£46.6k)
- 1st Choice Waste & Metals Limited
£46.6k - Industry AVG
Efficiency
resulting in sales per employee of £278.7k, this is equally as efficient (£278.7k)
- 1st Choice Waste & Metals Limited
£278.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- 1st Choice Waste & Metals Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- 1st Choice Waste & Metals Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- 1st Choice Waste & Metals Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (14 weeks)
2 weeks - 1st Choice Waste & Metals Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 18.4%, this is a lower level of debt than the average (61%)
18.4% - 1st Choice Waste & Metals Limited
61% - Industry AVG
1ST CHOICE WASTE & METALS LIMITED financials
1St Choice Waste & Metals Limited's latest turnover from March 2023 is estimated at £557.4 thousand and the company has net assets of £2.6 million. According to their latest financial statements, 1St Choice Waste & Metals Limited has 2 employees and maintains cash reserves of £26.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Oct 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 | 1 | 1 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,505,029 | 1,505,701 | 1,506,468 | 642,131 | 404,748 | 1,414,005 | 1,406,346 | 1,495,840 | 1,594,193 | 468,188 | 41,636 | 59,239 | 91,645 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 1,293,109 | 1,293,109 | 2,174,354 | 2,411,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,506,029 | 2,799,810 | 2,800,577 | 2,817,485 | 2,816,748 | 1,415,005 | 1,407,346 | 1,496,840 | 1,595,193 | 469,188 | 42,636 | 59,239 | 91,645 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 117,741 | 144,038 | 152,297 | 118,646 | 274,134 | 138,438 | 81,240 | 132,234 | 75,250 | 0 |
| Group Debtors | 244,054 | 101,065 | 137,065 | 0 | 105,093 | 94,762 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,379,071 | 85,162 | 59,777 | 124,565 | 6,972 | 406,972 | 406,972 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 26,443 | 61,102 | 3,093 | 31,726 | 16,235 | 22,453 | 79,826 | 14,177 | 114,729 | 46,344 | 2,424 | 10,616 | 26,119 |
| misc current assets | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,649,568 | 247,329 | 199,936 | 274,032 | 272,338 | 676,484 | 605,444 | 288,311 | 253,167 | 127,584 | 134,658 | 85,866 | 26,119 |
| total assets | 3,155,597 | 3,047,139 | 3,000,513 | 3,091,517 | 3,089,086 | 2,091,489 | 2,012,790 | 1,785,151 | 1,848,360 | 596,772 | 177,294 | 145,105 | 117,764 |
| Bank overdraft | 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 |
| Trade Creditors | 0 | 0 | 0 | 2,549 | 1 | 19,969 | 11,778 | 48,361 | 87,218 | 428,059 | 32,108 | 18,989 | 13,186 |
| Group/Directors Accounts | 525,988 | 390,088 | 304,338 | 313,346 | 297,349 | 255,727 | 193,502 | 0 | 0 | 0 | 0 | 0 | 24,695 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 20,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 52,798 | 59,541 | 61,541 | 95,855 | 99,502 | 28,910 | 43,837 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 578,786 | 449,629 | 365,879 | 411,750 | 396,852 | 304,606 | 269,117 | 48,361 | 87,218 | 428,059 | 32,108 | 18,989 | 37,881 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 3,333 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 750 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,333 | 92,083 | 0 | 0 | 0 | 0 |
| provisions | 946 | 946 | 1,092 | 2,028 | 2,624 | 3,135 | 2,099 | 19,998 | 38,774 | 0 | 0 | 4,318 | 7,912 |
| total long term liabilities | 946 | 946 | 1,092 | 2,028 | 2,624 | 3,135 | 5,432 | 43,331 | 130,857 | 0 | 0 | 4,318 | 8,662 |
| total liabilities | 579,732 | 450,575 | 366,971 | 413,778 | 399,476 | 307,741 | 274,549 | 91,692 | 218,075 | 428,059 | 32,108 | 23,307 | 46,543 |
| net assets | 2,575,865 | 2,596,564 | 2,633,542 | 2,677,739 | 2,689,610 | 1,783,748 | 1,738,241 | 1,693,459 | 1,630,285 | 168,713 | 145,186 | 121,798 | 71,221 |
| total shareholders funds | 2,575,865 | 2,596,564 | 2,633,542 | 2,677,739 | 2,689,610 | 1,783,748 | 1,738,241 | 1,693,459 | 1,630,285 | 168,713 | 145,186 | 121,798 | 71,221 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 672 | 766 | 900 | 2,985 | 5,031 | 1,574 | 5,185 | 20,390 | 56,344 | 18,100 | 34,270 | 32,406 | 16,203 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 143,789 | -10,615 | 1,489,951 | -250,443 | 2,013,072 | 128,413 | 251,484 | 135,696 | 57,198 | -50,994 | 56,984 | 75,250 | 0 |
| Creditors | 0 | 0 | 0 | 2,548 | -19,968 | 8,191 | -36,583 | -38,857 | -340,841 | 395,951 | 13,119 | 18,989 | 13,186 |
| Accruals and Deferred Income | -6,743 | -2,000 | 61,541 | -3,647 | 70,592 | -14,927 | 43,837 | 0 | 0 | 0 | 0 | 0 | 750 |
| Deferred Taxes & Provisions | 0 | -146 | 1,092 | -596 | -511 | 1,036 | -17,899 | -18,776 | 38,774 | 0 | -4,318 | 4,318 | 7,912 |
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 135,900 | 85,750 | 304,338 | 15,997 | 41,622 | 62,225 | 193,502 | 0 | 0 | 0 | 0 | 0 | 24,695 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | -23,333 | 23,333 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -23,333 | -68,750 | 92,083 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | |||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | -34,659 | 58,009 | 3,093 | 15,491 | -6,218 | -57,373 | 65,649 | -100,552 | 68,385 | 43,920 | -8,192 | 10,616 | 26,119 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -34,659 | 58,009 | 3,093 | 15,491 | -6,218 | -57,373 | 65,649 | -100,552 | 68,385 | 43,920 | -8,192 | 10,616 | 26,119 |
1st choice waste & metals limited Credit Report and Business Information
1st Choice Waste & Metals Limited Competitor Analysis
Perform a competitor analysis for 1st choice waste & metals limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in SK7 area or any other competitors across 12 key performance metrics.
1st choice waste & metals limited Ownership
1ST CHOICE WASTE & METALS LIMITED group structure
1St Choice Waste & Metals Limited has 1 subsidiary company.
Ultimate parent company
1ST CHOICE WASTE & METALS LIMITED
05592770
1 subsidiary
1st choice waste & metals limited directors
1St Choice Waste & Metals Limited currently has 3 directors. The longest serving directors include Mr Lee Henshaw (Dec 2021) and Mr Harry Gibson (Feb 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Lee Henshaw | United Kingdom | 46 years | Dec 2021 | - | Director |
| Mr Harry Gibson | United Kingdom | 66 years | Feb 2024 | - | Director |
| Ms Stacey Brassey | United Kingdom | 31 years | Feb 2024 | - | Director |
P&L
March 2023turnover
557.4k
+9%
operating profit
-22.6k
0%
gross margin
30.8%
+1.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.6m
-0.01%
total assets
3.2m
+0.04%
cash
26.4k
-0.57%
net assets
Total assets minus all liabilities
1st choice waste & metals limited company details
company number
05592770
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
77120 - Renting and leasing of trucks
incorporation date
October 2005
age
20
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
JOHN S WARD & CO LIMITED
auditor
-
address
carpenter court 1 maple road, bramhall, stockport, cheshire, SK7 2DH
Bank
-
Legal Advisor
-
1st choice waste & metals 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 choice waste & metals limited.
1st choice waste & metals 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 choice waste & metals limited Companies House Filings - See Documents
| date | description | view/download |
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