First Option Software Limited

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first option software limited Company Information

Company Number

06340261

Next Accounts

May 2025

Directors

Michael Edwards

Richard Turner

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Shareholders

matthew trevor clarke

richard irving turner

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Group Structure

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Industry

Computer consultancy activities

Registered Address

signal house, jacklyns lane, alresford, hampshire, SO24 9JJ

Website

http://issuecentre.com

first option software limited Estimated Valuation

£912.1k

Pomanda estimates the enterprise value of FIRST OPTION SOFTWARE LIMITED at £912.1k based on Net Assets of £393.2k and 2.32x industry multiple (adjusted for liquidity).

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First Option Software Limited is a live company located in hampshire, SO24 9JJ with a Companies House number of 06340261. It operates in the business and domestic software development sector, SIC Code 62012. Founded in August 2007, it's largest shareholder is matthew trevor clarke with a 55% stake. First Option Software Limited is a established, small sized company, Pomanda has estimated its turnover at £847.8k with healthy growth in recent years.

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Pomanda's financial health check has awarded First Option Software Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

1 Regular

7 Weak

Size

annual sales of £847.8k, make it smaller than the average company (£3.8m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (7.3%)

EXPORT

First Option Software Limited's latest turnover from August 2023 is estimated at £847.8 thousand and the company has net assets of £393.2 thousand. According to their latest financial statements, First Option Software Limited has 15 employees and maintains cash reserves of £380.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	847,793	681,485	588,890	617,717	835,072	802,134	669,388	903,262	429,100	682,140	1,003,582	1,167,557	962,442	468,849
Other Income Or Grants
Cost Of Sales	582,388	458,739	405,144	419,106	571,535	548,446	444,883	586,874	278,703	444,069	636,140	724,827	604,754	291,842
Gross Profit	265,405	222,747	183,747	198,611	263,537	253,688	224,505	316,388	150,398	238,071	367,442	442,729	357,688	177,008
Admin Expenses	243,299	142,086	146,667	186,212	253,263	253,968	195,743	276,999	92,479	189,452	332,087	415,833	336,079	217,893	-105,715
Operating Profit	22,106	80,661	37,080	12,399	10,274	-280	28,762	39,389	57,919	48,619	35,355	26,896	21,609	-40,885	105,715
Interest Payable		436	343
Interest Receivable	20,026	6,237	335	256	1,311	1,436	556	621	931	429	332	192	5	21	21
Pre-Tax Profit	42,132	86,462	37,072	12,656	11,585	1,157	29,317	40,010	58,850	49,048	35,687	27,088	21,614	-40,864	105,736
Tax	-10,533	-16,428	-7,044	-2,405	-2,201	-220	-5,570	-8,002	-11,770	-10,300	-8,208	-6,501	-5,620		-29,606
Profit After Tax	31,599	70,034	30,028	10,251	9,384	937	23,747	32,008	47,080	38,748	27,479	20,587	15,994	-40,864	76,130
Dividends Paid
Retained Profit	31,599	70,034	30,028	10,251	9,384	937	23,747	32,008	47,080	38,748	27,479	20,587	15,994	-40,864	76,130
Employee Costs	974,144	855,479	800,958	754,036	796,161	855,247	657,348	605,669	109,844	219,463	310,657	313,979	251,949	148,632
Number Of Employees	15	14	14	14	14	15	12	11	2	4	6	6	5	3
EBITDA*	28,333	87,712	48,302	27,529	25,478	15,463	44,357	55,080	72,050	58,291	38,674	28,086	21,816	-40,885	105,715

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	8,698	8,804	11,970	13,746	25,131	31,258	35,597	31,900	40,050	43,125	13,486	7,945	2,076
Intangible Assets	7,653	7,964	8,700	7,881	8,311	8,741	7,015	7,015	7,015	7,015	7,015	7,015
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	16,351	16,768	20,670	21,627	33,442	39,999	42,612	38,915	47,065	50,140	20,501	14,960	2,076
Stock & work in progress														8,000
Trade Debtors	215,712	153,046	113,855	117,658	235,035	191,551	180,242	247,074	116,261	173,552	251,952	288,075	243,230	120,021	149,982
Group Debtors
Misc Debtors	42,321	27,699	5,343
Cash	380,489	382,418	330,375	339,251	173,282	176,340	206,689	237,881	258,555	113,968	57,759	75,113	1,634	243	8,347
misc current assets													7,179
total current assets	638,522	563,163	449,573	456,909	408,317	367,891	386,931	484,955	374,816	287,520	309,711	363,188	252,043	128,264	158,329
total assets	654,873	579,931	470,243	478,536	441,759	407,890	429,543	523,870	421,881	337,660	330,212	378,148	254,119	128,264	158,329
Bank overdraft			11,259
Bank loan
Trade Creditors	26,633	25,693	11,059	214,179	185,408	159,677	188,534	306,608	66,418	199,486	230,786	306,201	202,759	92,898	82,099
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	233,224	190,742	153,721
total current liabilities	259,857	216,435	176,039	214,179	185,408	159,677	188,534	306,608	66,418	199,486	230,786	306,201	202,759	92,898	82,099
loans
hp & lease commitments
Accruals and Deferred Income									170,209
other liabilities
provisions	1,774	1,853	2,595	2,776	5,021	6,267
total long term liabilities	1,774	1,853	2,595	2,776	5,021	6,267			170,209
total liabilities	261,631	218,288	178,634	216,955	190,429	165,944	188,534	306,608	236,627	199,486	230,786	306,201	202,759	92,898	82,099
net assets	393,242	361,643	291,609	261,581	251,330	241,946	241,009	217,262	185,254	138,174	99,426	71,947	51,360	35,366	76,230
total shareholders funds	393,242	361,643	291,609	261,581	251,330	241,946	241,009	217,262	185,254	138,174	99,426	71,947	51,360	35,366	76,230

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	22,106	80,661	37,080	12,399	10,274	-280	28,762	39,389	57,919	48,619	35,355	26,896	21,609	-40,885	105,715
Depreciation	5,917	6,315	10,511	14,700	14,774	15,743	15,595	15,691	14,131	9,672	3,319	1,190	207
Amortisation	310	736	711	430	430
Tax	-10,533	-16,428	-7,044	-2,405	-2,201	-220	-5,570	-8,002	-11,770	-10,300	-8,208	-6,501	-5,620		-29,606
Stock													-8,000	8,000
Debtors	77,288	61,547	1,540	-117,377	43,484	11,309	-66,832	130,813	-57,291	-78,400	-36,123	44,845	123,209	-29,961	149,982
Creditors	940	14,634	-203,120	28,771	25,731	-28,857	-118,074	240,190	-133,068	-31,300	-75,415	103,442	109,861	10,799	82,099
Accruals and Deferred Income	42,482	37,021	153,721					-170,209	170,209
Deferred Taxes & Provisions	-79	-742	-181	-2,245	-1,246	6,267
Cash flow from operations	-16,145	60,650	-9,862	169,027	4,278	-18,656	-12,455	-13,754	154,712	95,091	-8,826	80,182	10,848	-8,125	8,226
Investing Activities
capital expenditure	-5,810	-3,149	-10,265	-3,315	-8,647	-13,130	-19,292	-7,541	-11,056	-39,311	-8,860	-14,074	-2,283
Change in Investments
cash flow from investments	-5,810	-3,149	-10,265	-3,315	-8,647	-13,130	-19,292	-7,541	-11,056	-39,311	-8,860	-14,074	-2,283
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue															100
interest	20,026	5,801	-8	256	1,311	1,436	556	621	931	429	332	192	5	21	21
cash flow from financing	20,026	5,801	-8	256	1,311	1,436	556	621	931	429	332	192	5	21	121
cash and cash equivalents
cash	-1,929	52,043	-8,876	165,969	-3,058	-30,349	-31,192	-20,674	144,587	56,209	-17,354	73,479	1,391	-8,104	8,347
overdraft		-11,259	11,259
change in cash	-1,929	63,302	-20,135	165,969	-3,058	-30,349	-31,192	-20,674	144,587	56,209	-17,354	73,479	1,391	-8,104	8,347

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FIRST OPTION SOFTWARE LIMITED group structure

First Option Software Limited has no subsidiary companies.

Ultimate parent company

FIRST OPTION SOFTWARE LIMITED

06340261

FIRST OPTION SOFTWARE LIMITED Shareholders

matthew trevor clarke	55%
richard irving turner	25%
michael roger edwards	20%

First Option Software Limited currently has 4 directors. The longest serving directors include Mr Michael Edwards (Aug 2007) and Mr Richard Turner (Aug 2007).

officer	age	start	end	role
Mr Michael Edwards	59 years	Aug 2007	-	Director
Mr Richard Turner	53 years	Aug 2007	-	Director
Mr Matthew Clarke	54 years	Sep 2007	-	Director
Mr Owen Jones	34 years	Sep 2024	-	Director

P&L

August 2023

turnover

847.8k

+24%

operating profit

22.1k

gross margin

31.4%

-4.22%

turnover

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

Balance Sheet

August 2023

net assets

393.2k

+0.09%

total assets

654.9k

+0.13%

cash

380.5k

-0.01%

net assets

Total assets minus all liabilities

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company number

06340261

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

62020 - Computer consultancy activities

62090 - Other information technology and computer service activities

incorporation date

August 2007

ultimate parent company

None

previous names

first option solutions limited (November 2012)

address

signal house, jacklyns lane, alresford, hampshire, SO24 9JJ

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 1 charges/mortgages relating to first option software limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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first option software limited Company Information

first option software limited Estimated Valuation

first option software limited Estimated Valuation

first option software limited Estimated Valuation

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