1st central law limited

1st central law limited Company Information

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Company Number

07799152

Industry

Non-trading company

 

Directors

Jonathan Guy

Andrew Tacey

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Shareholders

first central insurance management ltd

horwich cohen coghlan ltd

Group Structure

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Contact

Registered Address

suites 10s & 11s trafford house, chester road, manchester, M32 0RS

1st central law limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of 1ST CENTRAL LAW LIMITED at £2.5m based on a Turnover of £4.3m and 0.57x industry multiple (adjusted for size and gross margin).

1st central law limited Estimated Valuation

£0

Pomanda estimates the enterprise value of 1ST CENTRAL LAW LIMITED at £0 based on an EBITDA of £-368.9k and a 10.75x industry multiple (adjusted for size and gross margin).

1st central law limited Estimated Valuation

£574.6k

Pomanda estimates the enterprise value of 1ST CENTRAL LAW LIMITED at £574.6k based on Net Assets of £480.1k and 1.2x industry multiple (adjusted for liquidity).

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1st Central Law Limited Overview

1st Central Law Limited is a live company located in manchester, M32 0RS with a Companies House number of 07799152. It operates in the non-trading company sector, SIC Code 74990. Founded in October 2011, it's largest shareholder is first central insurance management ltd with a 87% stake. 1st Central Law Limited is a established, small sized company, Pomanda has estimated its turnover at £4.3m with declining growth in recent years.

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1st Central Law Limited Health Check

Pomanda's financial health check has awarded 1St Central Law Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £4.3m, make it in line with the average company (£3.8m)

£4.3m - 1st Central Law Limited

£3.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (5.8%)

-11% - 1st Central Law Limited

5.8% - Industry AVG

production

Production

with a gross margin of 36.1%, this company has a comparable cost of product (36.1%)

36.1% - 1st Central Law Limited

36.1% - Industry AVG

profitability

Profitability

an operating margin of -10.3% make it less profitable than the average company (5%)

-10.3% - 1st Central Law Limited

5% - Industry AVG

employees

Employees

with 63 employees, this is above the industry average (41)

63 - 1st Central Law Limited

41 - Industry AVG

paystructure

Pay Structure

on an average salary of £59.5k, the company has a higher pay structure (£41.8k)

£59.5k - 1st Central Law Limited

£41.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £68.7k, this is less efficient (£154.4k)

£68.7k - 1st Central Law Limited

£154.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 486 days, this is later than average (40 days)

486 days - 1st Central Law Limited

40 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 637 days, this is slower than average (40 days)

637 days - 1st Central Law Limited

40 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - 1st Central Law Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (35 weeks)

2 weeks - 1st Central Law Limited

35 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 92.2%, this is a higher level of debt than the average (47.1%)

92.2% - 1st Central Law Limited

47.1% - Industry AVG

1ST CENTRAL LAW LIMITED financials

EXPORTms excel logo

1St Central Law Limited's latest turnover from December 2023 is £4.3 million and the company has net assets of £480.1 thousand. According to their latest financial statements, 1St Central Law Limited has 63 employees and maintains cash reserves of £244 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Oct 2012
Turnover4,329,2844,256,7895,768,3476,165,7966,145,3365,364,4424,557,1673,775,6882,620,9711,849,52532,5330
Other Income Or Grants000000000000
Cost Of Sales2,767,2282,810,0333,949,5444,165,2454,160,1723,608,7413,116,9092,582,7941,785,8871,266,65622,2250
Gross Profit1,562,0561,446,7561,818,8032,000,5511,985,1641,755,7011,440,2581,192,894835,084582,86910,3080
Admin Expenses2,008,9421,543,209-91,802-491,894-655,073-582,784-541,344-332,49221,953264,746188,4340
Operating Profit-446,886-96,4531,910,6052,492,4452,640,2372,338,4851,981,6021,525,386813,131318,123-178,1260
Interest Payable001,7860000001,348430
Interest Receivable54,4372,83505,09710,5957,4113,4863,3102,05455340
Pre-Tax Profit-392,449-93,6181,908,8192,497,5422,650,8322,345,8961,985,0881,528,696815,185317,328-178,1650
Tax98,32417,464-364,477-489,210-463,450-445,720-381,882-305,739-164,664-66,41035,5800
Profit After Tax-294,125-76,1541,544,3422,008,3322,187,3821,900,1761,603,2061,222,957650,521250,918-142,5850
Dividends Paid0150,0001,425,0001,900,0001,900,0002,000,0001,480,000920,000600,000000
Retained Profit-294,125-226,154119,342108,332287,382-99,824123,206302,95750,521250,918-142,5850
Employee Costs3,750,3383,405,5323,020,8992,916,3292,798,5782,341,6222,004,6051,699,6011,381,9451,052,123135,0290
Number Of Employees63776153474034282518150
EBITDA*-368,86917,4192,027,2892,532,7152,646,7382,343,9221,996,5931,540,138825,797331,066-177,0170

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Oct 2012
Tangible Assets7985,39021,36235,35735,2055,4146,71921,71123,94336,60943,2470
Intangible Assets073,425171,325269,225140,0000000000
Investments & Other000000000000
Debtors (Due After 1 year)000000000000
Total Fixed Assets79878,815192,687304,582175,2055,4146,71921,71123,94336,60943,2470
Stock & work in progress000000000000
Trade Debtors5,765,5044,885,3264,321,3353,681,4433,401,6243,017,3572,648,3652,090,7141,519,888199,68412,3420
Group Debtors000000000000
Misc Debtors130,63659,175123,24589,56681,64936,21472,59770,76142,02513,76361,1670
Cash243,992128,601234,710445,888406,885443,763423,329414,554170,36394,2052000
misc current assets000000000000
total current assets6,140,1325,073,1024,679,2904,216,8973,890,1583,497,3343,144,2912,576,0291,732,276307,65273,7090
total assets6,140,9305,151,9174,871,9774,521,4794,065,3633,502,7483,151,0102,597,7401,756,219344,261116,9560
Bank overdraft0000000000121,1670
Bank loan000000000000
Trade Creditors 4,834,2973,853,1023,101,0222,634,8992,576,2222,291,4331,908,6531,448,9241,170,6791,2948060
Group/Directors Accounts444,803196,98449,42063,05400000000
other short term finances000000000000
hp & lease commitments000000000000
other current liabilities381,760326,288717,127884,648709,777724,993655,963682,563421,797227,212137,4680
total current liabilities5,660,8604,376,3743,867,5693,582,6013,285,9993,016,4262,564,6162,131,4871,592,476228,506259,4410
loans000000000000
hp & lease commitments000000000000
Accruals and Deferred Income000000000000
other liabilities000000000000
provisions01,3484,05957,8716,6891,0291,2774,3424,7897,32200
total long term liabilities01,3484,05957,8716,6891,0291,2774,3424,7897,32200
total liabilities5,660,8604,377,7223,871,6283,640,4723,292,6883,017,4552,565,8932,135,8291,597,265235,828259,4410
net assets480,070774,1951,000,349881,007772,675485,293585,117461,911158,954108,433-142,4850
total shareholders funds480,070774,1951,000,349881,007772,675485,293585,117461,911158,954108,433-142,4850
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Oct 2012
Operating Activities
Operating Profit-446,886-96,4531,910,6052,492,4452,640,2372,338,4851,981,6021,525,386813,131318,123-178,1260
Depreciation4,59215,97218,78415,7956,5015,43714,99114,75212,66612,9431,1090
Amortisation73,42597,90097,90024,47500000000
Tax98,32417,464-364,477-489,210-463,450-445,720-381,882-305,739-164,664-66,41035,5800
Stock000000000000
Debtors951,639499,921673,571287,736429,702332,609559,487599,5621,348,466139,93873,5090
Creditors981,195752,080466,12358,677284,789382,780459,729278,2451,169,3854888060
Accruals and Deferred Income55,472-390,839-167,521174,871-15,21669,030-26,600260,766194,58589,744137,4680
Deferred Taxes & Provisions-1,348-2,711-53,81251,1825,660-248-3,065-447-2,5337,32200
Cash flow from operations-186,865-106,5081,234,0312,040,4992,028,8192,017,1551,485,2881,173,401674,104222,272-76,6720
Investing Activities
capital expenditure00000-4,1320-12,52000-44,3560
Change in Investments000000000000
cash flow from investments00000-4,1320-12,52000-44,3560
Financing Activities
Bank loans000000000000
Group/Directors Accounts247,819147,564-13,63463,05400000000
Other Short Term Loans 000000000000
Long term loans000000000000
Hire Purchase and Lease Commitments000000000000
other long term liabilities000000000000
share issue00000000001000
interest54,4372,835-1,7865,09710,5957,4113,4863,3102,054-795-390
cash flow from financing302,256150,399-15,42068,15110,5957,4113,4863,3102,054-795610
cash and cash equivalents
cash115,391-106,109-211,17839,003-36,87820,4348,775244,19176,15894,0052000
overdraft000000000-121,167121,1670
change in cash115,391-106,109-211,17839,003-36,87820,4348,775244,19176,158215,172-120,9670

1st central law 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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1st Central Law Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for 1st central law limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in M32 area or any other competitors across 12 key performance metrics.

1st central law limited Ownership

1ST CENTRAL LAW LIMITED group structure

1St Central Law Limited has no subsidiary companies.

Ultimate parent company

FIRST CENTRAL GROUP LTD

#0065798

2 parents

1ST CENTRAL LAW LIMITED

07799152

1ST CENTRAL LAW LIMITED Shareholders

first central insurance management ltd 87%
horwich cohen coghlan ltd 13%

1st central law limited directors

1St Central Law Limited currently has 3 directors. The longest serving directors include Mr Jonathan Guy (Aug 2018) and Mr Andrew Tacey (Oct 2022).

officercountryagestartendrole
Mr Jonathan GuyEngland51 years Aug 2018- Director
Mr Andrew TaceyEngland48 years Oct 2022- Director
Mrs Zuzana ClarkEngland44 years Dec 2023- Director

P&L

December 2023

turnover

4.3m

+2%

operating profit

-446.9k

+363%

gross margin

36.1%

+6.16%

turnover

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

Balance Sheet

December 2023

net assets

480.1k

-0.38%

total assets

6.1m

+0.19%

cash

244k

+0.9%

net assets

Total assets minus all liabilities

1st central law limited company details

company number

07799152

Type

Private limited with Share Capital

industry

74990 - Non-trading company

incorporation date

October 2011

age

13

incorporated

UK

ultimate parent company

FIRST CENTRAL GROUP LTD

accounts

Full Accounts

last accounts submitted

December 2023

previous names

hcc law limited (August 2015)

accountant

-

auditor

DELOITTE LLP

address

suites 10s & 11s trafford house, chester road, manchester, M32 0RS

Bank

-

Legal Advisor

-

1st central law 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 1 charges/mortgages relating to 1st central law limited. Currently there are 0 open charges and 1 have been satisfied in the past.

1st central law 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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1st central law limited Companies House Filings - See Documents

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