firstec limited

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firstec limited Company Information

Share FIRSTEC LIMITED

Company Number

08379630

Shareholders

regis van deuren

Group Structure

View All

Industry

Other business support service activities n.e.c.

 

Registered Address

studio 6a hornsey street, london, N7 8GR

Website

-

firstec limited Estimated Valuation

£29.1k

Pomanda estimates the enterprise value of FIRSTEC LIMITED at £29.1k based on a Turnover of £74.4k and 0.39x industry multiple (adjusted for size and gross margin).

firstec limited Estimated Valuation

£0

Pomanda estimates the enterprise value of FIRSTEC LIMITED at £0 based on an EBITDA of £-2.5k and a 2.86x industry multiple (adjusted for size and gross margin).

firstec limited Estimated Valuation

£0

Pomanda estimates the enterprise value of FIRSTEC LIMITED at £0 based on Net Assets of £-48.6k and 2.13x industry multiple (adjusted for liquidity).

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Firstec Limited Overview

Firstec Limited is a live company located in london, N7 8GR with a Companies House number of 08379630. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in January 2013, it's largest shareholder is regis van deuren with a 100% stake. Firstec Limited is a established, micro sized company, Pomanda has estimated its turnover at £74.4k with declining growth in recent years.

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Firstec Limited Health Check

Pomanda's financial health check has awarded Firstec 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

1 Regular

positive_score

7 Weak

size

Size

annual sales of £74.4k, make it smaller than the average company (£4.8m)

£74.4k - Firstec Limited

£4.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (6.7%)

-8% - Firstec Limited

6.7% - Industry AVG

production

Production

with a gross margin of 17%, this company has a higher cost of product (38.2%)

17% - Firstec Limited

38.2% - Industry AVG

profitability

Profitability

an operating margin of -3.4% make it less profitable than the average company (5.7%)

-3.4% - Firstec Limited

5.7% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (27)

1 - Firstec Limited

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £53.9k, the company has an equivalent pay structure (£53.9k)

£53.9k - Firstec Limited

£53.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £74.4k, this is less efficient (£171.2k)

£74.4k - Firstec Limited

£171.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 10 days, this is earlier than average (42 days)

10 days - Firstec Limited

42 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 299 days, this is slower than average (32 days)

299 days - Firstec Limited

32 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Firstec Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Firstec Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 2375.6%, this is a higher level of debt than the average (62.6%)

2375.6% - Firstec Limited

62.6% - Industry AVG

FIRSTEC LIMITED financials

EXPORTms excel logo

Firstec Limited's latest turnover from December 2023 is estimated at £74.4 thousand and the company has net assets of -£48.6 thousand. According to their latest financial statements, Firstec Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013
Turnover74,40172,54868,83694,15682,21269,27328,945112,08068,71461,77466,541
Other Income Or Grants
Cost Of Sales61,78160,16458,03378,88768,29257,81524,02092,59557,44551,87256,035
Gross Profit12,62012,38410,80315,26913,92011,4584,92519,48511,2709,90110,505
Admin Expenses15,14515,59617,45924,81825,7477,07815,1339,02527,30612,1118,504
Operating Profit-2,525-3,212-6,656-9,549-11,8274,380-10,20810,460-16,036-2,2102,001
Interest Payable
Interest Receivable65910054
Pre-Tax Profit-2,525-3,212-6,656-9,549-11,8274,380-10,20810,466-15,977-2,1102,055
Tax-832-2,093-473
Profit After Tax-2,525-3,212-6,656-9,549-11,8273,548-10,2088,373-15,977-2,1101,582
Dividends Paid
Retained Profit-2,525-3,212-6,656-9,549-11,8273,548-10,2088,373-15,977-2,1101,582
Employee Costs53,89451,34548,83846,41445,96344,27541,94741,94741,55741,53441,101
Number Of Employees11111111111
EBITDA*-2,525-3,212-6,656-9,549-11,8274,380-10,20810,460-16,036-2,2102,001

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013
Tangible Assets
Intangible Assets
Investments & Other2,7213,365
Debtors (Due After 1 year)
Total Fixed Assets2,7213,365
Stock & work in progress
Trade Debtors2,1344,1774,72113,7747,11726,644
Group Debtors
Misc Debtors
Cash5,05918,67021,480
misc current assets
total current assets2,1344,1774,72113,7747,11726,6445,05918,67021,480
total assets2,1344,1774,7212,7213,36513,7747,11726,6445,05918,67021,480
Bank overdraft
Bank loan
Trade Creditors 50,69550,21347,54538,88929,98428,56634,77621,56219,19619,896
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities50,69550,21347,54538,88929,98428,56634,77621,56219,19619,896
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities25,457
provisions
total long term liabilities25,457
total liabilities50,69550,21347,54538,88929,98428,56625,45734,77621,56219,19619,896
net assets-48,561-46,036-42,824-36,168-26,619-14,792-18,340-8,132-16,503-5261,584
total shareholders funds-48,561-46,036-42,824-36,168-26,619-14,792-18,340-8,132-16,503-5261,584
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013
Operating Activities
Operating Profit-2,525-3,212-6,656-9,549-11,8274,380-10,20810,460-16,036-2,2102,001
Depreciation
Amortisation
Tax-832-2,093-473
Stock
Debtors-2,043-5444,721-13,7746,657-19,52726,644
Creditors4822,6688,6568,9051,41828,566-34,77613,2142,366-70019,896
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations-2,721-6443,36525,457-25,457-5,063-13,670-2,91021,424
Investing Activities
capital expenditure
Change in Investments-2,721-6443,365
cash flow from investments2,721644-3,365
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-25,45725,457
share issue-22
interest65910054
cash flow from financing-25,45725,45745910056
cash and cash equivalents
cash-5,059-13,611-2,81021,480
overdraft
change in cash-5,059-13,611-2,81021,480

firstec 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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Firstec Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for firstec limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in N 7 area or any other competitors across 12 key performance metrics.

firstec limited Ownership

FIRSTEC LIMITED group structure

Firstec Limited has no subsidiary companies.

Ultimate parent company

FIRSTEC LIMITED

08379630

FIRSTEC LIMITED Shareholders

regis van deuren 100%

firstec limited directors

Firstec Limited currently has 2 directors. The longest serving directors include Mr Selven Veeramundar (Mar 2023) and Mr Regis Van Deuren (May 2023).

officercountryagestartendrole
Mr Selven Veeramundar64 years Mar 2023- Director
Mr Regis Van DeurenEngland74 years May 2023- Director

P&L

December 2023

turnover

74.4k

+3%

operating profit

-2.5k

0%

gross margin

17%

-0.63%

turnover

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

Balance Sheet

December 2023

net assets

-48.6k

+0.05%

total assets

2.1k

-0.49%

cash

0

0%

net assets

Total assets minus all liabilities

firstec limited company details

company number

08379630

Type

Private limited with Share Capital

industry

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

incorporation date

January 2013

age

12

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

studio 6a hornsey street, london, N7 8GR

Bank

-

Legal Advisor

-

firstec 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 firstec limited.

firstec 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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firstec limited Companies House Filings - See Documents

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