first choice dental limited

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first choice dental limited Company Information

Share FIRST CHOICE DENTAL LIMITED

Company Number

05943470

Shareholders

integrated dental holdings ltd

Group Structure

View All

Industry

Dental practice activities

 

Registered Address

europa house, europa trading estate, manchester, M26 1GG

first choice dental limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of FIRST CHOICE DENTAL LIMITED at £1.8m based on a Turnover of £2.4m and 0.72x industry multiple (adjusted for size and gross margin).

first choice dental limited Estimated Valuation

£42.4m

Pomanda estimates the enterprise value of FIRST CHOICE DENTAL LIMITED at £42.4m based on an EBITDA of £9.3m and a 4.56x industry multiple (adjusted for size and gross margin).

first choice dental limited Estimated Valuation

£605.2m

Pomanda estimates the enterprise value of FIRST CHOICE DENTAL LIMITED at £605.2m based on Net Assets of £194.4m and 3.11x industry multiple (adjusted for liquidity).

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First Choice Dental Limited Overview

First Choice Dental Limited is a live company located in manchester, M26 1GG with a Companies House number of 05943470. It operates in the dental practice activities sector, SIC Code 86230. Founded in September 2006, it's largest shareholder is integrated dental holdings ltd with a 100% stake. First Choice Dental Limited is a established, small sized company, Pomanda has estimated its turnover at £2.4m with declining growth in recent years.

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First Choice Dental Limited Health Check

Pomanda's financial health check has awarded First Choice Dental Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £2.4m, make it larger than the average company (£971k)

£2.4m - First Choice Dental Limited

£971k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (6.4%)

-17% - First Choice Dental Limited

6.4% - Industry AVG

production

Production

with a gross margin of 63.2%, this company has a lower cost of product (50%)

63.2% - First Choice Dental Limited

50% - Industry AVG

profitability

Profitability

an operating margin of 359.4% make it more profitable than the average company (8.9%)

359.4% - First Choice Dental Limited

8.9% - Industry AVG

employees

Employees

with 66 employees, this is above the industry average (11)

66 - First Choice Dental Limited

11 - Industry AVG

paystructure

Pay Structure

on an average salary of £22.3k, the company has an equivalent pay structure (£22.1k)

£22.3k - First Choice Dental Limited

£22.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £37k, this is less efficient (£92.7k)

£37k - First Choice Dental Limited

£92.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 4 days, this is earlier than average (7 days)

4 days - First Choice Dental Limited

7 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - First Choice Dental Limited

- - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 23 days, this is more than average (11 days)

23 days - First Choice Dental Limited

11 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (1 weeks)

0 weeks - First Choice Dental Limited

1 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 6.3%, this is a lower level of debt than the average (49.3%)

6.3% - First Choice Dental Limited

49.3% - Industry AVG

FIRST CHOICE DENTAL LIMITED financials

EXPORTms excel logo

First Choice Dental Limited's latest turnover from March 2024 is £2.4 million and the company has net assets of £194.4 million. According to their latest financial statements, First Choice Dental Limited has 66 employees and maintains cash reserves of £1.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Apr 2011Apr 2010
Turnover2,440,2842,774,4063,990,1984,229,0824,180,6234,483,3624,377,3024,970,1125,282,9305,615,1815,652,0235,621,4005,567,0425,988,7656,072,329
Other Income Or Grants
Cost Of Sales898,6211,281,1792,001,0232,062,0701,990,9052,239,5742,284,9932,454,2112,491,5822,838,3372,916,0472,951,1202,724,8052,900,9442,924,065
Gross Profit1,541,6631,493,2271,989,1752,167,0122,189,7182,243,7882,092,3092,515,9012,791,3482,776,8442,735,9762,670,2802,842,2373,087,8213,148,264
Admin Expenses-7,228,201-3,634,352-5,716,455-4,874,965-62,149,233-59,450,058-62,037,137-1,888,935-1,068,053-517,580922,640734,4271,216,1071,441,4692,349,334
Operating Profit8,769,8645,127,5797,705,6307,041,97764,338,95161,693,84664,129,4464,404,8363,859,4013,294,4241,813,3361,935,8531,626,1301,646,352798,930
Interest Payable
Interest Receivable
Pre-Tax Profit6,577,4824,129,2356,135,9715,674,23252,063,11149,947,70751,916,7463,481,6413,099,5773,233,0401,813,3361,102,211843,531844,350798,930
Tax1324,623105,67729,77151,46224,64928,32742,332-11,841-8,08422,35925,33824,75338,902-26,297
Profit After Tax6,577,4954,153,8586,241,6485,704,00352,114,57349,972,35651,945,0733,523,9733,087,7363,224,9561,835,6951,127,549868,284883,252772,633
Dividends Paid
Retained Profit6,577,4954,153,8586,241,6485,704,00352,114,57349,972,35651,945,0733,523,9733,087,7363,224,9561,835,6951,127,549868,284883,252772,633
Employee Costs1,470,1431,359,8571,227,8351,053,8271,081,5811,101,6681,161,6621,177,5621,105,8641,037,437999,258989,437928,588995,3041,053,591
Number Of Employees667371656772787774777374727169
EBITDA*9,290,9055,625,5518,189,2877,523,87164,823,25962,197,82764,662,0844,965,9464,399,8673,809,6202,335,9452,441,6142,087,9152,127,6981,259,738

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Apr 2011Apr 2010
Tangible Assets1,214,5421,039,327855,208885,570892,274856,399989,576991,3811,035,401914,634911,237753,357754,784706,752554,378
Intangible Assets886,2961,199,5211,511,8911,824,2612,136,6312,449,0003,169,0763,515,7233,874,2134,232,7024,976,5295,365,1075,753,6856,110,4126,498,990
Investments & Other1,963,7091,963,7091,963,7091,963,7091,963,7091,963,7091,963,7091,963,7092,024,349
Debtors (Due After 1 year)339,095339,082314,459208,782
Total Fixed Assets4,403,6424,541,6394,645,2674,882,3224,992,6145,269,1086,122,3616,470,8136,933,9635,147,3365,887,7666,118,4646,508,4696,817,1647,053,368
Stock & work in progress56,70050,25047,75047,00047,00047,35057,05061,10066,60080,16480,16478,75879,00091,93096,605
Trade Debtors30,63324,13813,7507481,7842,5431,3503,428
Group Debtors202,650,101195,114,486189,548,260182,418,693176,362,542123,688,66073,576,95321,249,55417,236,65313,696,5419,764,1067,203,1575,319,5444,272,3523,001,974
Misc Debtors180,751178,64279,244162,566350,523266,241264,058234,607349,013331,262397,829445,689328,131339,909314,872
Cash1,1813,75326,4142,3372,52852,74259,30950,05853,82453,67854,010223,53410,6508,45512,458
misc current assets
total current assets202,919,366195,371,269189,701,668182,644,346176,762,593124,054,99373,958,11821,595,31917,707,87414,164,18810,297,4597,951,1385,737,3254,716,0743,425,909
total assets207,323,008199,912,908194,346,935187,526,668181,755,207129,324,10180,080,47928,066,13224,641,83719,311,52416,185,22514,069,60212,245,79411,533,23810,479,277
Bank overdraft
Bank loan
Trade Creditors 25939,1548,15441,79114,73034,454129,237145,672129,395121,26174,805121,203105,556
Group/Directors Accounts8,780,1848,780,1848,780,1848,780,1848,780,1848,780,1848,780,1848,780,1848,840,8246,966,475
other short term finances
hp & lease commitments
other current liabilities4,105,2973,291,8571,861,8311,322,3661,246,754896,5841,652,3791,563,3811,507,6361,122,8701,236,565962,294312,491445,213257,442
total current liabilities12,885,48112,072,30010,681,16910,102,55010,035,0929,718,55910,447,29310,378,01910,477,6978,235,0171,365,9601,083,555387,296566,416362,998
loans6,966,4756,966,4756,966,4756,966,4756,966,475
hp & lease commitments3,8194,955
Accruals and Deferred Income1031,342
other liabilities
provisions86,45867,03446,05046,05046,05046,05046,05046,05046,05046,05046,05046,05046,05020,28459,186
total long term liabilities86,45867,03446,05046,05046,05046,05046,05046,05046,05046,1537,013,8677,012,5257,016,3446,991,7147,025,661
total liabilities12,971,93912,139,33410,727,21910,148,60010,081,1429,764,60910,493,34310,424,06910,523,7478,281,1708,379,8278,096,0807,403,6407,558,1307,388,659
net assets194,351,069187,773,574183,619,716177,378,068171,674,065119,559,49269,587,13617,642,06314,118,09011,030,3547,805,3985,973,5224,842,1543,975,1083,090,618
total shareholders funds194,351,069187,773,574183,619,716177,378,068171,674,065119,559,49269,587,13617,642,06314,118,09011,030,3547,805,3985,973,5224,842,1543,975,1083,090,618
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Apr 2011Apr 2010
Operating Activities
Operating Profit8,769,8645,127,5797,705,6307,041,97764,338,95161,693,84664,129,4464,404,8363,859,4013,294,4241,813,3361,935,8531,626,1301,646,352798,930
Depreciation207,816185,602171,287169,524171,939171,015185,991202,620181,977156,706134,031117,183105,05892,76872,230
Amortisation313,225312,370312,370312,370312,369332,966346,647358,490358,489358,490388,578388,578356,727388,578388,578
Tax1324,623105,67729,77151,46224,64928,32742,332-11,841-8,08422,35925,33824,75338,902-26,297
Stock6,4502,500750-350-9,700-4,050-5,500-13,5641,406-242-12,930-4,67596,605
Debtors7,544,2325,714,3857,138,1726,090,72652,758,16450,113,14252,357,5983,896,7113,557,1043,867,0612,514,4392,001,1711,031,9861,298,8433,316,846
Creditors-259-38,89539,154-8,154-33,63727,061-19,724-94,783-16,43516,2778,13446,456-46,39815,647105,556
Accruals and Deferred Income813,4401,430,026539,46575,612350,170-755,79588,99855,745384,663-114,934275,613649,803-132,722187,771257,442
Deferred Taxes & Provisions19,42420,98425,766-38,90259,186
Cash flow from operations2,572,8411,345,4041,734,6611,530,37412,433,44011,390,30012,406,1371,078,0291,212,714-164,182126,2061,162,282940,2581,036,948-1,757,826
Investing Activities
capital expenditure-383,031-369,721-140,925-162,820-207,814349,272-184,186-158,600-302,744225,234-291,911-115,756-153,090-245,142-7,514,176
Change in Investments-60,6402,024,349
cash flow from investments-383,031-369,721-140,925-162,820-207,814349,272-184,186-97,960-2,327,093225,234-291,911-115,756-153,090-245,142-7,514,176
Financing Activities
Bank loans
Group/Directors Accounts-60,6401,874,3496,966,475
Other Short Term Loans
Long term loans-6,966,4756,966,475
Hire Purchase and Lease Commitments-3,819-1,1364,955
other long term liabilities
share issue-3,8193,819-1,2381,2382,317,985
interest
cash flow from financing-60,6401,874,349-3,819-2,3746,1939,284,460
cash and cash equivalents
cash-2,572-22,66124,077-191-50,214-6,5679,251-3,766146-332-169,524212,8842,195-4,00312,458
overdraft
change in cash-2,572-22,66124,077-191-50,214-6,5679,251-3,766146-332-169,524212,8842,195-4,00312,458

first choice dental 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 Choice Dental Limited Competitor Analysis

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Perform a competitor analysis for first choice dental limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in M26 area or any other competitors across 12 key performance metrics.

first choice dental limited Ownership

FIRST CHOICE DENTAL LIMITED group structure

First Choice Dental Limited has no subsidiary companies.

Ultimate parent company

CEP III PARTICIPATIONS SARL SICAR

#0067260

2 parents

FIRST CHOICE DENTAL LIMITED

05943470

FIRST CHOICE DENTAL LIMITED Shareholders

integrated dental holdings ltd 100%

first choice dental limited directors

First Choice Dental Limited currently has 5 directors. The longest serving directors include Mr Clifford Davies (Mar 2011) and Miss Krista Whitley (Jul 2017).

officercountryagestartendrole
Mr Clifford Davies58 years Mar 2011- Director
Miss Krista WhitleyUnited Kingdom54 years Jul 2017- Director
Mr Manish Prasad52 years May 2018- Director
Mr Richard StorahEngland47 years Apr 2019- Director
Mr Nilesh PandyaUnited Kingdom54 years Nov 2020- Director

P&L

March 2024

turnover

2.4m

-12%

operating profit

8.8m

0%

gross margin

63.2%

+17.38%

turnover

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

Balance Sheet

March 2024

net assets

194.4m

+0.04%

total assets

207.3m

+0.04%

cash

1.2k

-0.69%

net assets

Total assets minus all liabilities

first choice dental limited company details

company number

05943470

Type

Private limited with Share Capital

industry

86230 - Dental practice activities

incorporation date

September 2006

age

19

incorporated

UK

ultimate parent company

CEP III PARTICIPATIONS SARL SICAR

accounts

Full Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

DELOITTE LLP

address

europa house, europa trading estate, manchester, M26 1GG

Bank

-

Legal Advisor

-

first choice dental 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 found 106 charges/mortgages relating to first choice dental limited. Currently there are 2 open charges and 104 have been satisfied in the past.

first choice dental 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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first choice dental limited Companies House Filings - See Documents

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