thomas firbank removals limited
thomas firbank removals limited Company Information
Company Number
06290966
Next Accounts
Jun 2025
Shareholders
master removers group limited
Group Structure
View All
Industry
Operation of warehousing and storage facilities for land transport activities of division 49
+1Registered Address
141 acton lane, london, NW10 7PB
thomas firbank removals limited Estimated Valuation
Pomanda estimates the enterprise value of THOMAS FIRBANK REMOVALS LIMITED at £1.1m based on a Turnover of £1.5m and 0.74x industry multiple (adjusted for size and gross margin).
thomas firbank removals limited Estimated Valuation
Pomanda estimates the enterprise value of THOMAS FIRBANK REMOVALS LIMITED at £1.9m based on an EBITDA of £364.6k and a 5.09x industry multiple (adjusted for size and gross margin).
thomas firbank removals limited Estimated Valuation
Pomanda estimates the enterprise value of THOMAS FIRBANK REMOVALS LIMITED at £2.5m based on Net Assets of £1.1m and 2.28x industry multiple (adjusted for liquidity).
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Thomas Firbank Removals Limited Overview
Thomas Firbank Removals Limited is a live company located in london, NW10 7PB with a Companies House number of 06290966. It operates in the removal services sector, SIC Code 49420. Founded in June 2007, it's largest shareholder is master removers group limited with a 100% stake. Thomas Firbank Removals Limited is a established, small sized company, Pomanda has estimated its turnover at £1.5m with low growth in recent years.
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Thomas Firbank Removals Limited Health Check
Pomanda's financial health check has awarded Thomas Firbank Removals Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£5.3m)
£1.5m - Thomas Firbank Removals Limited
£5.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (6.6%)
4% - Thomas Firbank Removals Limited
6.6% - Industry AVG
Production
with a gross margin of 56.3%, this company has a lower cost of product (39.2%)
56.3% - Thomas Firbank Removals Limited
39.2% - Industry AVG
Profitability
an operating margin of 16.7% make it more profitable than the average company (7.1%)
16.7% - Thomas Firbank Removals Limited
7.1% - Industry AVG
Employees
with 16 employees, this is below the industry average (34)
16 - Thomas Firbank Removals Limited
34 - Industry AVG
Pay Structure
on an average salary of £38.7k, the company has an equivalent pay structure (£37.2k)
£38.7k - Thomas Firbank Removals Limited
£37.2k - Industry AVG
Efficiency
resulting in sales per employee of £95.7k, this is less efficient (£117.4k)
£95.7k - Thomas Firbank Removals Limited
£117.4k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (35 days)
5 days - Thomas Firbank Removals Limited
35 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (30 days)
14 days - Thomas Firbank Removals Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Thomas Firbank Removals Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Thomas Firbank Removals Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.3%, this is a similar level of debt than the average (59.6%)
62.3% - Thomas Firbank Removals Limited
59.6% - Industry AVG
THOMAS FIRBANK REMOVALS LIMITED financials
Thomas Firbank Removals Limited's latest turnover from September 2023 is £1.5 million and the company has net assets of £1.1 million. According to their latest financial statements, Thomas Firbank Removals Limited has 16 employees and maintains cash reserves of £9.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,530,477 | 1,559,253 | 1,570,499 | 1,365,365 | 1,227,069 | 1,054,090 | 1,017,895 | 1,075,416 | 978,615 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 668,585 | 668,601 | 616,470 | 667,573 | 609,840 | 543,352 | 531,170 | 516,238 | 453,870 | ||||||
| Gross Profit | 861,892 | 890,652 | 954,029 | 697,792 | 617,229 | 510,738 | 486,725 | 559,178 | 524,745 | ||||||
| Admin Expenses | 605,753 | 599,134 | 544,842 | 471,382 | 494,712 | 468,941 | 493,189 | 562,494 | 439,557 | ||||||
| Operating Profit | 256,139 | 291,518 | 409,187 | 226,410 | 122,517 | 41,797 | -6,464 | -3,316 | 85,188 | ||||||
| Interest Payable | 3,848 | 1,785 | 962 | 1,020 | 1,559 | 2,210 | 2,633 | 5,564 | 4,136 | ||||||
| Interest Receivable | 0 | 0 | 18 | 0 | 0 | 2 | 0 | 0 | 0 | ||||||
| Pre-Tax Profit | 252,291 | 289,733 | 382,382 | 225,390 | 110,658 | -7,225 | -16,282 | -8,880 | 20,384 | ||||||
| Tax | -5,418 | -63,817 | -1,694 | 4,115 | -47,307 | -6,040 | 695 | -2,875 | -4,571 | ||||||
| Profit After Tax | 246,873 | 225,916 | 380,688 | 229,505 | 63,351 | -13,265 | -15,587 | -11,755 | 15,813 | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,000 | 18,000 | ||||||
| Retained Profit | 246,873 | 225,916 | 380,688 | 229,505 | 63,351 | -13,265 | -15,587 | -42,755 | -2,187 | ||||||
| Employee Costs | 619,368 | 596,045 | 592,416 | 672,860 | 600,384 | 561,745 | 545,512 | 583,450 | 482,626 | ||||||
| Number Of Employees | 16 | 17 | 16 | 20 | 19 | 20 | 18 | 19 | 20 | ||||||
| EBITDA* | 364,612 | 401,930 | 497,917 | 310,119 | 177,075 | 82,090 | 29,469 | 52,629 | 131,159 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 469,199 | 472,684 | 308,842 | 336,846 | 263,522 | 160,177 | 103,656 | 133,193 | 148,747 | 151,727 | 149,632 | 163,689 | 65,477 | 44,174 | 59,245 |
| Intangible Assets | 0 | 0 | 0 | 4,167 | 9,167 | 14,167 | 19,167 | 24,167 | 30,000 | 35,000 | 40,000 | 45,000 | 0 | 0 | 0 |
| 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 | 469,199 | 472,684 | 308,842 | 341,013 | 272,689 | 174,344 | 122,823 | 157,360 | 178,747 | 186,727 | 189,632 | 208,689 | 65,477 | 44,174 | 59,245 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 24,460 | 31,392 | 23,596 | 43,513 | 44,150 | 29,790 | 25,302 | 20,810 | 40,794 | 74,259 | 73,248 | 62,880 | 42,913 | 50,489 | 28,871 |
| Group Debtors | 2,352,201 | 1,613,735 | 897,548 | 405,469 | 82,136 | 32,475 | 11,865 | 22,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 66,597 | 52,201 | 53,829 | 40,119 | 40,740 | 37,874 | 49,523 | 41,888 | 38,817 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 9,872 | 14,615 | 13,091 | 43,575 | 27,383 | 88,004 | 84,624 | 20,621 | 11,556 | 47,408 | 42,881 | 33,238 | 22,801 | 41,461 | 22,240 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,453,130 | 1,711,943 | 988,064 | 532,676 | 194,409 | 188,143 | 171,314 | 105,519 | 91,167 | 121,667 | 116,129 | 96,118 | 65,714 | 91,950 | 51,111 |
| total assets | 2,922,329 | 2,184,627 | 1,296,906 | 873,689 | 467,098 | 362,487 | 294,137 | 262,879 | 269,914 | 308,394 | 305,761 | 304,807 | 131,191 | 136,124 | 110,356 |
| 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 | 44,440 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 25,898 | 45,446 | 18,749 | 21,135 | 27,086 | 30,963 | 25,342 | 59,814 | 56,497 | 214,252 | 150,444 | 75,819 | 112,933 | 114,994 | 94,348 |
| Group/Directors Accounts | 1,577,754 | 1,013,514 | 441,027 | 380,951 | 252,715 | 258,465 | 190,366 | 108,383 | 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 | 4,614 | 12,787 | 21,462 | 35,087 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 135,163 | 194,444 | 190,948 | 207,803 | 135,395 | 102,208 | 78,752 | 53,723 | 83,333 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,738,815 | 1,253,404 | 650,724 | 609,889 | 415,196 | 396,250 | 307,247 | 243,382 | 219,357 | 214,252 | 150,444 | 75,819 | 112,933 | 114,994 | 94,348 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,717 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 4,614 | 17,401 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,682 | 135,913 | 240,255 | 0 | 0 | 0 |
| provisions | 80,419 | 75,001 | 15,876 | 14,182 | 31,789 | 9,475 | 12,249 | 16,482 | 16,471 | 12,904 | 7,263 | 0 | 0 | 0 | 0 |
| total long term liabilities | 80,419 | 75,001 | 15,876 | 14,182 | 31,789 | 9,475 | 16,863 | 33,883 | 22,188 | 63,586 | 143,176 | 240,255 | 0 | 0 | 0 |
| total liabilities | 1,819,234 | 1,328,405 | 666,600 | 624,071 | 446,985 | 405,725 | 324,110 | 277,265 | 241,545 | 277,838 | 293,620 | 316,074 | 112,933 | 114,994 | 94,348 |
| net assets | 1,103,095 | 856,222 | 630,306 | 249,618 | 20,113 | -43,238 | -29,973 | -14,386 | 28,369 | 30,556 | 12,141 | -11,267 | 18,258 | 21,130 | 16,008 |
| total shareholders funds | 1,103,095 | 856,222 | 630,306 | 249,618 | 20,113 | -43,238 | -29,973 | -14,386 | 28,369 | 30,556 | 12,141 | -11,267 | 18,258 | 21,130 | 16,008 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 256,139 | 291,518 | 409,187 | 226,410 | 122,517 | 41,797 | -6,464 | -3,316 | 85,188 | ||||||
| Depreciation | 108,473 | 110,412 | 84,563 | 78,709 | 49,558 | 35,293 | 30,933 | 50,112 | 40,971 | 41,909 | 39,044 | 41,563 | 21,492 | 14,391 | 19,415 |
| Amortisation | 0 | 0 | 4,167 | 5,000 | 5,000 | 5,000 | 5,000 | 5,833 | 5,000 | 5,000 | 5,000 | 5,000 | 0 | 0 | 0 |
| Tax | -5,418 | -63,817 | -1,694 | 4,115 | -47,307 | -6,040 | 695 | -2,875 | -4,571 | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 745,930 | 722,355 | 485,872 | 322,075 | 66,887 | 13,449 | 1,792 | 5,287 | 5,352 | 1,011 | 10,368 | 19,967 | -7,576 | 21,618 | 28,871 |
| Creditors | -19,548 | 26,697 | -2,386 | -5,951 | -3,877 | 5,621 | -34,472 | 3,317 | -157,755 | 63,808 | 74,625 | -37,114 | -2,061 | 20,646 | 94,348 |
| Accruals and Deferred Income | -59,281 | 3,496 | -16,855 | 72,408 | 33,187 | 23,456 | 25,029 | -29,610 | 83,333 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 5,418 | 59,125 | 1,694 | -17,607 | 22,314 | -2,774 | -4,233 | 11 | 3,567 | 5,641 | 7,263 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -460,147 | -294,924 | -7,196 | 41,009 | 114,505 | 88,904 | 14,696 | 18,185 | 50,381 | ||||||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -152,903 | -122,558 | -976 | -31,666 | -34,705 | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -152,903 | -122,558 | -976 | -31,666 | -34,705 | ||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -44,440 | 44,440 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 564,240 | 572,487 | 60,076 | 128,236 | -5,750 | 68,099 | 81,983 | 108,383 | 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 | -5,717 | 5,717 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -4,614 | -12,787 | -21,462 | 3,776 | 35,087 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -50,682 | -85,231 | -104,342 | 240,255 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -3,848 | -1,785 | -944 | -1,020 | -1,559 | -2,208 | -2,633 | -5,564 | -4,136 | ||||||
| cash flow from financing | 560,392 | 570,702 | 59,132 | 127,216 | -11,923 | 53,104 | 57,888 | 56,438 | 30,426 | ||||||
| cash and cash equivalents | |||||||||||||||
| cash | -4,743 | 1,524 | -30,484 | 16,192 | -60,621 | 3,380 | 64,003 | 9,065 | -35,852 | 4,527 | 9,643 | 10,437 | -18,660 | 19,221 | 22,240 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -4,743 | 1,524 | -30,484 | 16,192 | -60,621 | 3,380 | 64,003 | 9,065 | -35,852 | 4,527 | 9,643 | 10,437 | -18,660 | 19,221 | 22,240 |
thomas firbank removals limited Credit Report and Business Information
Thomas Firbank Removals Limited Competitor Analysis
Perform a competitor analysis for thomas firbank removals limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in NW10 area or any other competitors across 12 key performance metrics.
thomas firbank removals limited Ownership
THOMAS FIRBANK REMOVALS LIMITED group structure
Thomas Firbank Removals Limited has no subsidiary companies.
Ultimate parent company
2 parents
THOMAS FIRBANK REMOVALS LIMITED
06290966
thomas firbank removals limited directors
Thomas Firbank Removals Limited currently has 3 directors. The longest serving directors include Mr Charles Rickards (May 2016) and Mr Anthony Ward-Thomas (May 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Charles Rickards | England | 62 years | May 2016 | - | Director |
| Mr Anthony Ward-Thomas | England | 66 years | May 2016 | - | Director |
| Mr Timothy Bloch | Northern Ireland | 60 years | Jan 2018 | - | Director |
P&L
September 2023turnover
1.5m
-2%
operating profit
256.1k
-12%
gross margin
56.4%
-1.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
1.1m
+0.29%
total assets
2.9m
+0.34%
cash
9.9k
-0.32%
net assets
Total assets minus all liabilities
thomas firbank removals limited company details
company number
06290966
Type
Private limited with Share Capital
industry
52103 - Operation of warehousing and storage facilities for land transport activities of division 49
49420 - Removal services
incorporation date
June 2007
age
18
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
FAWCETTS LLP
address
141 acton lane, london, NW10 7PB
Bank
-
Legal Advisor
-
thomas firbank removals 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 2 charges/mortgages relating to thomas firbank removals limited. Currently there are 2 open charges and 0 have been satisfied in the past.
thomas firbank removals 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.
Click to start generating capital raising & share issue transactions for THOMAS FIRBANK REMOVALS LIMITED. This can take several minutes, an email will notify you when this has completed.
thomas firbank removals limited Companies House Filings - See Documents
| date | description | view/download |
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