First Friends Limited

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first friends limited Company Information

Company Number

06952385

Next Accounts

Sep 2025

Directors

Paul Smith

Louise Hayes

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Shareholders

louise jane burns

paul stephen smith

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Group Structure

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Industry

Other business support service activities n.e.c.

Registered Address

hampstead house blandys lane, upper basildon, reading, RG8 8PH

Website

www.firstfriendsltd.co.uk

first friends limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of FIRST FRIENDS LIMITED at £1.6m based on a Turnover of £2.8m and 0.58x industry multiple (adjusted for size and gross margin).

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First Friends Limited is a live company located in reading, RG8 8PH with a Companies House number of 06952385. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in July 2009, it's largest shareholder is louise jane burns with a 43.8% stake. First Friends Limited is a established, small sized company, Pomanda has estimated its turnover at £2.8m with high growth in recent years.

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Pomanda's financial health check has awarded First Friends Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £2.8m, make it smaller than the average company (£4.8m)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (6.7%)

EXPORT

First Friends Limited's latest turnover from December 2023 is estimated at £2.8 million and the company has net assets of -£51.4 thousand. According to their latest financial statements, First Friends Limited has 52 employees and maintains cash reserves of £177.1 thousand 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
Turnover	2,774,833	2,225,418	2,060,659	1,642,131	1,189,333	1,166,129	1,060,811	1,058,876	468,102	72,865	74,431	76,572	64,774	55,863
Other Income Or Grants
Cost Of Sales	1,713,292	1,371,485	1,289,902	1,031,446	741,770	731,220	661,683	656,856	297,668	47,050	48,502	49,053	40,583	34,161
Gross Profit	1,061,541	853,933	770,758	610,685	447,563	434,909	399,128	402,021	170,434	25,814	25,930	27,519	24,191	21,702
Admin Expenses	994,205	883,871	799,450	555,033	456,586	469,509	382,151	399,162	150,880	38,960	16,775	27,193	32,929	109,118
Operating Profit	67,336	-29,938	-28,692	55,652	-9,023	-34,600	16,977	2,859	19,554	-13,146	9,155	326	-8,738	-87,416
Interest Payable	3,732	4,072	3,051	1,525	83	83
Interest Receivable	7,237	4,109	346	76	75	125	97	40	45	33	54	24	4	1
Pre-Tax Profit	70,840	-29,900	-31,398	54,202	-9,032	-34,558	17,074	2,899	19,599	-13,113	9,209	350	-8,734	-87,415
Tax	-17,710			-10,298			-3,244	-580	-3,920		-2,118	-84
Profit After Tax	53,130	-29,900	-31,398	43,904	-9,032	-34,558	13,830	2,319	15,679	-13,113	7,091	266	-8,734	-87,415
Dividends Paid
Retained Profit	53,130	-29,900	-31,398	43,904	-9,032	-34,558	13,830	2,319	15,679	-13,113	7,091	266	-8,734	-87,415
Employee Costs	2,804,610	2,258,350	2,195,316	1,670,624	1,149,065	1,106,777	713,263	714,200	415,864	41,543	41,121	40,085	39,592	38,436
Number Of Employees	52	44	45	36	25	25	17	17	10	1	1	1	1	1
EBITDA*	67,829	-29,938	-19,403	55,652	4,289	-22,804	26,873	8,288	19,659	-12,993	12,047	5,381	-3,742	-82,466

* 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
Tangible Assets	1,837			8,633	9,027	12,084	2,391	3,010	209	85	238	3,132	8,069	12,623
Intangible Assets				4,400	13,200	22,000	30,800	39,600
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	1,837			13,033	22,227	34,085	33,191	42,610	209	85	238	3,132	8,069	12,623
Stock & work in progress
Trade Debtors	2,115	417	1,209	3,022	4,402	3,241	1,719	1,261	1,547	7,112	6,953	5,800	5,136	4,971
Group Debtors
Misc Debtors	10,704	13,185	21,696	16,284	22,622	20,764	16,996	4,794	4,839
Cash	177,110	98,572	136,255	140,384	11,472	8,436	25,004	13,798	17,891	1	13,291	8,290	1,471	258
misc current assets
total current assets	189,929	112,174	159,160	159,690	38,496	32,440	43,719	19,853	24,277	7,113	20,244	14,090	6,607	5,229
total assets	191,766	112,174	159,160	172,723	60,723	66,525	76,910	62,463	24,486	7,198	20,482	17,222	14,676	17,852
Bank overdraft
Bank loan	10,056	9,808	2,500	2,500		2,464
Trade Creditors	4,416	7,495	7,276	3,185	1,219	3,094			52	13,282	13,453	17,284	15,004	12,946
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	126,751	87,402	95,140	79,042	52,350	44,779	26,166	20,549	14,839
total current liabilities	141,223	104,705	104,916	84,727	53,569	50,339	26,166	20,549	14,891	13,282	13,453	17,284	15,004	12,946
loans	18,215	28,271	45,146	47,500
hp & lease commitments
Accruals and Deferred Income
other liabilities	83,680	83,680	83,680	83,680	83,680	83,680	83,680	83,680	53,680	53,680	53,680	53,680	53,680	50,180
provisions
total long term liabilities	101,895	111,951	128,826	131,180	83,680	83,680	83,680	83,680	53,680	53,680	53,680	53,680	53,680	50,180
total liabilities	243,118	216,656	233,742	215,907	137,249	134,019	109,846	104,229	68,571	66,962	67,133	70,964	68,684	63,126
net assets	-51,352	-104,482	-74,582	-43,184	-76,526	-67,494	-32,936	-41,766	-44,085	-59,764	-46,651	-53,742	-54,008	-45,274
total shareholders funds	-51,352	-104,482	-74,582	-43,184	-76,526	-67,494	-32,936	-41,766	-44,085	-59,764	-46,651	-53,742	-54,008	-45,274

	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
Operating Activities
Operating Profit	67,336	-29,938	-28,692	55,652	-9,023	-34,600	16,977	2,859	19,554	-13,146	9,155	326	-8,738	-87,416
Depreciation	493		4,889		4,512	2,996	1,096	1,029	105	153	2,892	5,055	4,996	4,950
Amortisation			4,400		8,800	8,800	8,800	4,400
Tax	-17,710			-10,298			-3,244	-580	-3,920		-2,118	-84
Stock
Debtors	-783	-9,303	3,599	-7,718	3,019	5,290	12,660	-331	-726	159	1,153	664	165	4,971
Creditors	-3,079	219	4,091	1,966	-1,875	3,094		-52	-13,230	-171	-3,831	2,280	2,058	12,946
Accruals and Deferred Income	39,349	-7,738	16,098	26,692	7,571	18,613	5,617	5,710	14,839
Deferred Taxes & Provisions
Cash flow from operations	87,172	-28,154	-2,813	81,730	6,966	-6,387	16,586	13,697	18,074	-13,323	4,945	6,913	-1,849	-74,491
Investing Activities
capital expenditure	-2,330		3,744	9,194	-1,455	-12,689	-477	-47,830	-229		2	-118	-442	-17,573
Change in Investments
cash flow from investments	-2,330		3,744	9,194	-1,455	-12,689	-477	-47,830	-229		2	-118	-442	-17,573
Financing Activities
Bank loans	248	7,308		2,500	-2,464	2,464
Group/Directors Accounts
Other Short Term Loans
Long term loans	-10,056	-16,875	-2,354	47,500
Hire Purchase and Lease Commitments
other long term liabilities								30,000					3,500	50,180
share issue				-10,562			-5,000							42,141
interest	3,505	37	-2,705	-1,449	-8	42	97	40	45	33	54	24	4	1
cash flow from financing	-6,303	-9,530	-5,059	37,989	-2,472	2,506	-4,903	30,040	45	33	54	24	3,504	92,322
cash and cash equivalents
cash	78,538	-37,683	-4,129	128,912	3,036	-16,568	11,206	-4,093	17,890	-13,290	5,001	6,819	1,213	258
overdraft
change in cash	78,538	-37,683	-4,129	128,912	3,036	-16,568	11,206	-4,093	17,890	-13,290	5,001	6,819	1,213	258

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FIRST FRIENDS LIMITED group structure

First Friends Limited has no subsidiary companies.

Ultimate parent company

FIRST FRIENDS LIMITED

06952385

FIRST FRIENDS LIMITED Shareholders

louise jane burns	43.75%
paul stephen smith	43.75%
kevin stephen summers	12.5%

First Friends Limited currently has 3 directors. The longest serving directors include Mr Paul Smith (Jul 2009) and Mrs Louise Hayes (Aug 2009).

officer	country	age	start	end	role
Mr Paul Smith		64 years	Jul 2009	-	Director
Mrs Louise Hayes	England	41 years	Aug 2009	-	Director
Mr Kevin Summers	England	44 years	Oct 2010	-	Director

P&L

December 2023

turnover

2.8m

+25%

operating profit

67.3k

gross margin

38.3%

-0.3%

turnover

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

Balance Sheet

December 2023

net assets

-51.4k

-0.51%

total assets

191.8k

+0.71%

cash

177.1k

+0.8%

net assets

Total assets minus all liabilities

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company number

06952385

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

July 2009

ultimate parent company

None

previous names

N/A

address

hampstead house blandys lane, upper basildon, reading, RG8 8PH

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 first friends limited. Currently there are 2 open charges and 0 have been satisfied in the past.

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first friends limited Company Information

first friends limited Estimated Valuation

first friends limited Estimated Valuation

first friends limited Estimated Valuation

First Friends Limited Overview

First Friends Limited Health Check

FIRST FRIENDS LIMITED financials

first friends limited Credit Report and Business Information

First Friends Limited Competitor Analysis

first friends limited Ownership

first friends limited directors

first friends limited company details

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first friends limited Companies House Filings - See Documents