first olsen (holdings) limited
first olsen (holdings) limited Company Information
Company Number
06443267
Next Accounts
Sep 2025
Shareholders
first olsen holding as
Group Structure
View All
Industry
Activities of head offices
Registered Address
2nd floor, 36 broadway, london, SW1H 0BH
Website
https://www.fredolsen.co.ukfirst olsen (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST OLSEN (HOLDINGS) LIMITED at £278.4m based on a Turnover of £247.5m and 1.12x industry multiple (adjusted for size and gross margin).
first olsen (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST OLSEN (HOLDINGS) LIMITED at £272m based on an EBITDA of £30.6m and a 8.9x industry multiple (adjusted for size and gross margin).
first olsen (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST OLSEN (HOLDINGS) LIMITED at £0 based on Net Assets of £-119.9m and 2.11x industry multiple (adjusted for liquidity).
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First Olsen (holdings) Limited Overview
First Olsen (holdings) Limited is a live company located in london, SW1H 0BH with a Companies House number of 06443267. It operates in the activities of head offices sector, SIC Code 70100. Founded in December 2007, it's largest shareholder is first olsen holding as with a 100% stake. First Olsen (holdings) Limited is a established, mega sized company, Pomanda has estimated its turnover at £247.5m with rapid growth in recent years.
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First Olsen (holdings) Limited Health Check
Pomanda's financial health check has awarded First Olsen (Holdings) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £247.5m, make it larger than the average company (£20.2m)
£247.5m - First Olsen (holdings) Limited
£20.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 79%, show it is growing at a faster rate (7.4%)
79% - First Olsen (holdings) Limited
7.4% - Industry AVG
Production
with a gross margin of 33.7%, this company has a comparable cost of product (33.7%)
33.7% - First Olsen (holdings) Limited
33.7% - Industry AVG
Profitability
an operating margin of 7.7% make it more profitable than the average company (5.8%)
7.7% - First Olsen (holdings) Limited
5.8% - Industry AVG
Employees
with 1957 employees, this is above the industry average (110)
1957 - First Olsen (holdings) Limited
110 - Industry AVG
Pay Structure
on an average salary of £21.4k, the company has a lower pay structure (£49.9k)
£21.4k - First Olsen (holdings) Limited
£49.9k - Industry AVG
Efficiency
resulting in sales per employee of £126.5k, this is less efficient (£204.6k)
£126.5k - First Olsen (holdings) Limited
£204.6k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (45 days)
0 days - First Olsen (holdings) Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (42 days)
21 days - First Olsen (holdings) Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 22 days, this is less than average (48 days)
22 days - First Olsen (holdings) Limited
48 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (15 weeks)
8 weeks - First Olsen (holdings) Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 209.8%, this is a higher level of debt than the average (55.7%)
209.8% - First Olsen (holdings) Limited
55.7% - Industry AVG
FIRST OLSEN (HOLDINGS) LIMITED financials
First Olsen (Holdings) Limited's latest turnover from December 2023 is £247.5 million and the company has net assets of -£119.9 million. According to their latest financial statements, First Olsen (Holdings) Limited has 1,957 employees and maintains cash reserves of £22.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 247,482,000 | 159,801,000 | 45,548,000 | 42,956,000 | 216,202,000 | ||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 19,094,000 | -90,506,000 | -64,630,000 | -86,531,000 | 1,725,000 | -3,000 | -2,000 | -2,000 | -2,000 | -2,000 | -41,602,000 | -3,000 | -28,000 | -2,000 | -3,000 |
| Interest Payable | 7,777,000 | 3,383,000 | 1,593,000 | 417,000 | 40,000 | 120,000 | 130,000 | ||||||||
| Interest Receivable | 824,000 | 106,000 | 6,000 | 77,000 | 355,000 | 5,000 | 4,000 | 5,000 | 2,000 | 130,000 | |||||
| Pre-Tax Profit | 12,141,000 | -93,676,000 | -66,023,000 | -86,871,000 | 2,040,000 | 4,997,000 | 15,998,000 | -2,000 | -2,000 | -117,000 | -41,598,000 | 2,000 | 613,000 | -2,000 | -3,000 |
| Tax | 453,000 | -42,000 | -42,000 | -34,000 | -28,000 | ||||||||||
| Profit After Tax | 12,594,000 | -93,718,000 | -66,065,000 | -86,905,000 | 2,012,000 | 4,997,000 | 15,998,000 | -2,000 | -2,000 | -117,000 | -41,598,000 | 2,000 | 613,000 | -2,000 | -3,000 |
| Dividends Paid | 10,000,000 | 5,000,000 | 16,000,000 | ||||||||||||
| Retained Profit | 12,594,000 | -93,718,000 | -66,065,000 | -86,905,000 | -7,988,000 | -3,000 | -2,000 | -2,000 | -2,000 | -117,000 | -41,598,000 | 2,000 | 613,000 | -2,000 | -3,000 |
| Employee Costs | 41,818,000 | 36,798,000 | 23,382,000 | 21,506,000 | 37,774,000 | ||||||||||
| Number Of Employees | 1,957 | 1,906 | 1,211 | 818 | 1,955 | ||||||||||
| EBITDA* | 30,570,000 | -75,268,000 | -46,145,000 | -63,567,000 | 24,634,000 | -3,000 | -2,000 | -2,000 | -2,000 | -2,000 | -41,602,000 | -3,000 | -28,000 | -2,000 | -3,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 52,874,000 | 59,279,000 | 96,270,000 | 98,439,000 | 102,653,000 | ||||||||||
| Intangible Assets | 87,000 | 180,000 | 321,000 | 330,000 | 221,000 | ||||||||||
| Investments & Other | 5,152,000 | 5,152,000 | 5,045,000 | 4,851,000 | 4,851,000 | 197,758,000 | 197,758,000 | 197,758,000 | 197,758,000 | 170,258,000 | 136,758,000 | 168,358,000 | 148,358,000 | 148,967,000 | 148,967,000 |
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 58,113,000 | 64,611,000 | 101,636,000 | 103,620,000 | 107,725,000 | 197,758,000 | 197,758,000 | 197,758,000 | 197,758,000 | 170,258,000 | 136,758,000 | 168,358,000 | 148,358,000 | 148,967,000 | 148,967,000 |
| Stock & work in progress | 9,912,000 | 8,756,000 | 4,960,000 | 4,008,000 | 5,446,000 | ||||||||||
| Trade Debtors | 295,000 | 275,000 | 197,000 | 129,000 | 413,000 | ||||||||||
| Group Debtors | 500,000 | 192,000 | 192,000 | 12,478,000 | 12,483,000 | 30,210,000 | 1,000 | 1,000 | 3,000 | 6,000 | |||||
| Misc Debtors | 17,524,000 | 8,053,000 | 9,149,000 | 8,633,000 | 10,932,000 | 26,000 | 26,000 | ||||||||
| Cash | 22,901,000 | 7,843,000 | 5,899,000 | 10,575,000 | 56,134,000 | 2,570,000 | 2,570,000 | 47,000 | 1,254,000 | 1,251,000 | 1,247,000 | 55,000 | 55,000 | ||
| misc current assets | 3,000 | ||||||||||||||
| total current assets | 51,132,000 | 24,927,000 | 20,205,000 | 23,345,000 | 72,925,000 | 2,762,000 | 2,762,000 | 12,481,000 | 12,483,000 | 30,257,000 | 1,255,000 | 1,252,000 | 1,250,000 | 87,000 | 81,000 |
| total assets | 109,245,000 | 89,538,000 | 121,841,000 | 126,965,000 | 180,650,000 | 200,520,000 | 200,520,000 | 210,239,000 | 210,241,000 | 200,515,000 | 138,013,000 | 169,610,000 | 149,608,000 | 149,054,000 | 149,048,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 9,661,000 | 11,758,000 | 5,611,000 | 2,609,000 | 9,819,000 | ||||||||||
| Group/Directors Accounts | 1,410,000 | 1,156,000 | 24,433,000 | 3,376,000 | 890,000 | 133,000 | 131,000 | 9,850,000 | 9,848,000 | 120,000 | 58,000 | 50,000 | |||
| other short term finances | 26,509,000 | 379,000 | 376,000 | 248,000 | 248,000 | ||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 103,152,000 | 100,139,000 | 73,733,000 | 48,526,000 | 77,176,000 | 3,000 | 2,000 | 2,000 | 2,000 | 3,000 | 2,000 | 2,000 | 3,000 | 3,000 | |
| total current liabilities | 140,732,000 | 113,432,000 | 104,153,000 | 54,759,000 | 88,133,000 | 136,000 | 133,000 | 9,850,000 | 9,850,000 | 122,000 | 3,000 | 2,000 | 2,000 | 61,000 | 53,000 |
| loans | 88,443,000 | 108,630,000 | 56,494,000 | 44,828,000 | |||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 88,443,000 | 108,630,000 | 56,494,000 | 44,947,000 | 353,000 | ||||||||||
| total liabilities | 229,175,000 | 222,062,000 | 160,647,000 | 99,706,000 | 88,486,000 | 136,000 | 133,000 | 9,850,000 | 9,850,000 | 122,000 | 3,000 | 2,000 | 2,000 | 61,000 | 53,000 |
| net assets | -119,930,000 | -132,524,000 | -38,806,000 | 27,259,000 | 92,164,000 | 200,384,000 | 200,387,000 | 200,389,000 | 200,391,000 | 200,393,000 | 138,010,000 | 169,608,000 | 149,606,000 | 148,993,000 | 148,995,000 |
| total shareholders funds | -119,930,000 | -132,524,000 | -38,806,000 | 27,259,000 | 92,164,000 | 200,384,000 | 200,387,000 | 200,389,000 | 200,391,000 | 200,393,000 | 138,010,000 | 169,608,000 | 149,606,000 | 148,993,000 | 148,995,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 19,094,000 | -90,506,000 | -64,630,000 | -86,531,000 | 1,725,000 | -3,000 | -2,000 | -2,000 | -2,000 | -2,000 | -41,602,000 | -3,000 | -28,000 | -2,000 | -3,000 |
| Depreciation | 11,476,000 | 15,238,000 | 18,314,000 | 22,827,000 | 22,767,000 | ||||||||||
| Amortisation | 171,000 | 137,000 | 142,000 | ||||||||||||
| Tax | 453,000 | -42,000 | -42,000 | -34,000 | -28,000 | ||||||||||
| Stock | 1,156,000 | 3,796,000 | 952,000 | -1,438,000 | 5,446,000 | ||||||||||
| Debtors | 9,991,000 | -1,018,000 | 584,000 | -2,583,000 | 11,153,000 | -12,286,000 | -5,000 | -17,727,000 | 30,209,000 | -2,000 | -29,000 | 6,000 | 26,000 | ||
| Creditors | -2,097,000 | 6,147,000 | 3,002,000 | -7,210,000 | 9,819,000 | ||||||||||
| Accruals and Deferred Income | 3,013,000 | 26,406,000 | 25,207,000 | -28,650,000 | 77,173,000 | 1,000 | 2,000 | -2,000 | -1,000 | 1,000 | -1,000 | 3,000 | |||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 20,792,000 | -45,535,000 | -19,514,000 | -95,440,000 | 94,999,000 | -2,000 | 12,286,000 | 1,000 | 17,725,000 | -30,212,000 | -41,601,000 | -1,000 | -8,000 | -26,000 | |
| Investing Activities | |||||||||||||||
| capital expenditure | 3,000 | -20,000,000 | 609,000 | -39,000,000 | |||||||||||
| Change in Investments | 107,000 | 194,000 | -192,907,000 | 27,500,000 | 33,500,000 | -31,600,000 | 20,000,000 | -609,000 | 148,967,000 | ||||||
| cash flow from investments | -107,000 | -194,000 | 192,910,000 | -40,000,000 | 1,218,000 | -187,967,000 | |||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 254,000 | -23,277,000 | 21,057,000 | 2,486,000 | 757,000 | 2,000 | -9,719,000 | 2,000 | 9,728,000 | 120,000 | -58,000 | 8,000 | 50,000 | ||
| Other Short Term Loans | 26,130,000 | 3,000 | 128,000 | 248,000 | |||||||||||
| Long term loans | -20,187,000 | 52,136,000 | 11,666,000 | 44,828,000 | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -6,953,000 | -3,277,000 | -1,587,000 | -340,000 | 315,000 | -115,000 | 4,000 | 5,000 | 2,000 | ||||||
| cash flow from financing | -756,000 | 25,585,000 | 31,264,000 | 68,974,000 | -98,912,000 | 2,000 | -9,719,000 | 2,000 | 9,728,000 | 62,505,000 | 10,004,000 | 20,005,000 | -56,000 | 8,000 | 149,048,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 15,058,000 | 1,944,000 | -4,676,000 | -45,559,000 | 53,564,000 | 2,570,000 | -47,000 | -1,207,000 | 3,000 | 4,000 | 1,192,000 | 55,000 | |||
| overdraft | |||||||||||||||
| change in cash | 15,058,000 | 1,944,000 | -4,676,000 | -45,559,000 | 53,564,000 | 2,570,000 | -47,000 | -1,207,000 | 3,000 | 4,000 | 1,192,000 | 55,000 |
first olsen (holdings) limited Credit Report and Business Information
First Olsen (holdings) Limited Competitor Analysis
Perform a competitor analysis for first olsen (holdings) limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in SW1H area or any other competitors across 12 key performance metrics.
first olsen (holdings) limited Ownership
FIRST OLSEN (HOLDINGS) LIMITED group structure
First Olsen (Holdings) Limited has 4 subsidiary companies.
Ultimate parent company
BONHEUR ASA
#0134493
FIRST OLSEN HOLDING AS
#0077441
2 parents
FIRST OLSEN (HOLDINGS) LIMITED
06443267
4 subsidiaries
first olsen (holdings) limited directors
First Olsen (Holdings) Limited currently has 4 directors. The longest serving directors include Mr Jeremy Dowler (Dec 2007) and Ms Anette Olsen (Dec 2007).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jeremy Dowler | 77 years | Dec 2007 | - | Director | |
| Ms Anette Olsen | 68 years | Dec 2007 | - | Director | |
| Mr Thomas Olsen | Norway | 96 years | Dec 2007 | - | Director |
| Mr Richard Aa | England | 58 years | Oct 2016 | - | Director |
P&L
December 2023turnover
247.5m
+55%
operating profit
19.1m
-121%
gross margin
33.7%
+0.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-119.9m
-0.1%
total assets
109.2m
+0.22%
cash
22.9m
+1.92%
net assets
Total assets minus all liabilities
first olsen (holdings) limited company details
company number
06443267
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
December 2007
age
18
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
fred. olsen cruise lines (holding) limited (September 2008)
accountant
-
auditor
XEINADIN AUDIT LIMITED
address
2nd floor, 36 broadway, london, SW1H 0BH
Bank
-
Legal Advisor
-
first olsen (holdings) 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 first olsen (holdings) limited.
first olsen (holdings) 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 olsen (holdings) limited Companies House Filings - See Documents
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