First Choice Trailers Limited

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first choice trailers limited Company Information

Live

EstablishedMicroHigh

Company Number

08586124

Website

www.1stchoicetrailers.com

Registered Address

hall lane farm, 16 bickerstaff lane, wigan, lancashire, WN2 5TA

Industry

Recovery of sorted materials

Telephone

Next Accounts Due

September 2025

Group Structure

View All

Directors

Christopher Price11 Years

Shareholders

christopher price 100%

first choice trailers limited Estimated Valuation

£499.4k

Pomanda estimates the enterprise value of FIRST CHOICE TRAILERS LIMITED at £499.4k based on Net Assets of £146k and 3.42x industry multiple (adjusted for liquidity).

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First Choice Trailers Limited is a live company located in wigan, WN2 5TA with a Companies House number of 08586124. It operates in the recovery of sorted materials sector, SIC Code 38320. Founded in June 2013, it's largest shareholder is christopher price with a 100% stake. First Choice Trailers Limited is a established, micro sized company, Pomanda has estimated its turnover at £333.6k with high growth in recent years.

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Pomanda's financial health check has awarded First Choice Trailers Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £333.6k, make it smaller than the average company (£13.7m)

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (11.1%)

EXPORT

First Choice Trailers Limited's latest turnover from December 2023 is estimated at £333.6 thousand and the company has net assets of £146 thousand. According to their latest financial statements, First Choice Trailers Limited has 2 employees and maintains cash reserves of £1 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	Jun 2017	Jun 2016	Jun 2015	Jun 2014
Turnover	333,597	354,310	243,291	190,514	534,133	3,054,231	1,174,477	1,020,320	1,041,899	1,223,558
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	257,532	274,351	188,042	148,553	418,433	2,395,444	912,973	823,389	848,471	1,003,322
Gross Profit	76,066	79,959	55,248	41,962	115,701	658,787	261,503	196,931	193,428	220,237
Admin Expenses	125,601	104,291	-8,142	4,343	137,104	623,347	261,513	179,100	172,641	184,233
Operating Profit	-49,535	-24,332	63,390	37,619	-21,403	35,440	-10	17,831	20,787	36,004
Interest Payable	0	2,485	3,198	1,525	0	0	0	0	0	0
Interest Receivable	47,232	27,503	1,496	439	1,439	0	10	33	21	8
Pre-Tax Profit	-2,303	685	61,688	36,533	-19,965	35,440	0	17,864	20,808	36,011
Tax	0	-130	-11,721	-6,941	0	-6,734	0	-3,573	-4,161	-7,562
Profit After Tax	-2,303	555	49,967	29,592	-19,965	28,706	0	14,291	16,646	28,449
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-2,303	555	49,967	29,592	-19,965	28,706	0	14,291	16,646	28,449
Employee Costs	77,855	72,744	64,469	64,330	161,523	351,323	146,814	139,980	143,083	174,778
Number Of Employees	2	2	2	2	5	11	5	5	5	6
EBITDA*	-30,906	-24,332	71,518	43,982	-12,919	35,440	-10	44,748	46,851	49,723

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014
Tangible Assets	32,394	42,023	64,663	19,091	25,454	33,938	80,445	80,445	78,230	44,271
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	32,394	42,023	64,663	19,091	25,454	33,938	80,445	80,445	78,230	44,271
Stock & work in progress	0	0	0	0	0	0	0	62,750	60,736	15,365
Trade Debtors	33,355	0	0	0	0	370,774	170,377	99,633	97,455	178,042
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	5,655	9,025	8,043	7,638	11,000	0	0	0	0	0
Cash	1,019,055	870,210	701,372	495,204	383,599	0	0	7,994	5,210	3,022
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	1,058,065	879,235	709,415	502,842	394,599	370,774	170,377	170,377	163,401	196,429
total assets	1,090,459	921,258	774,078	521,933	420,053	404,712	250,822	250,822	241,631	240,700
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	14,564	14,327	10,108	2,126	3,476	316,620	96,336	96,336	108,436	129,651
Group/Directors Accounts	170,023	68,965	20,000	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	359,288	344,464	347,009	371,988	348,350	0	0	0	0	0
total current liabilities	543,875	427,756	377,117	374,114	351,826	316,620	96,336	96,336	108,436	129,651
loans	0	0	52,325	50,000	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	400,546	345,161	196,850	0	0	0	95,000	95,000	88,000	82,500
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	400,546	345,161	249,175	50,000	0	0	95,000	95,000	88,000	82,500
total liabilities	944,421	772,917	626,292	424,114	351,826	316,620	191,336	191,336	196,436	212,151
net assets	146,038	148,341	147,786	97,819	68,227	88,092	59,486	59,486	45,195	28,549
total shareholders funds	146,038	148,341	147,786	97,819	68,227	88,092	59,486	59,486	45,195	28,549

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014
Operating Activities
Operating Profit	-49,535	-24,332	63,390	37,619	-21,403	35,440	-10	17,831	20,787	36,004
Depreciation	18,629	0	8,128	6,363	8,484	0	0	26,917	26,064	13,719
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	-130	-11,721	-6,941	0	-6,734	0	-3,573	-4,161	-7,562
Stock	0	0	0	0	0	0	-62,750	2,014	45,371	15,365
Debtors	29,985	982	405	-3,362	-359,774	200,397	70,744	2,178	-80,587	178,042
Creditors	237	4,219	7,982	-1,350	-313,144	220,284	0	-12,100	-21,215	129,651
Accruals and Deferred Income	14,824	-2,545	-24,979	23,638	348,350	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-45,830	-23,770	42,395	62,691	382,061	48,593	-8,004	24,883	56,691	-21,595
Investing Activities
capital expenditure	-9,000	22,640	-53,700	0	0	46,507	0	-29,132	-60,023	-57,990
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-9,000	22,640	-53,700	0	0	46,507	0	-29,132	-60,023	-57,990
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	101,058	48,965	20,000	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-52,325	2,325	50,000	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	55,385	148,311	196,850	0	0	-95,000	0	7,000	5,500	82,500
share issue	0	0	0	0	100	-100	0	0	0	100
interest	47,232	25,018	-1,702	-1,086	1,439	0	10	33	21	8
cash flow from financing	203,675	169,969	217,473	48,914	1,539	-95,100	10	7,033	5,521	82,608
cash and cash equivalents
cash	148,845	168,838	206,168	111,605	383,599	0	-7,994	2,784	2,188	3,022
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	148,845	168,838	206,168	111,605	383,599	0	-7,994	2,784	2,188	3,022

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for first choice trailers limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other micro companies, companies in WN2 area or any other competitors across 12 key performance metrics.

FIRST CHOICE TRAILERS LIMITED group structure

First Choice Trailers Limited has no subsidiary companies.

Ultimate parent company

FIRST CHOICE TRAILERS LIMITED

08586124

FIRST CHOICE TRAILERS LIMITED Shareholders

christopher price

100%

First Choice Trailers Limited currently has 1 director, Mr Christopher Price serving since Jun 2013.

officer	country	age	start	end	role
Mr Christopher Price	United Kingdom	58 years	Jun 2013	-	Director

P&L

December 2023

turnover

333.6k

-6%

operating profit

-49.5k

gross margin

22.9%

+1.04%

turnover

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

Balance Sheet

December 2023

net assets

146k

-0.02%

total assets

1.1m

+0.18%

cash

+0.17%

net assets

Total assets minus all liabilities

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company number

08586124

Type

Private limited with Share Capital

industry

38320 - Recovery of sorted materials

incorporation date

June 2013

ultimate parent company

None

previous names

N/A

address

hall lane farm, 16 bickerstaff lane, wigan, lancashire, WN2 5TA

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 choice trailers limited.

first choice trailers limited Company Information

first choice trailers limited Estimated Valuation

first choice trailers limited Estimated Valuation

first choice trailers limited Estimated Valuation

First Choice Trailers Limited Overview

First Choice Trailers Limited Health Check

FIRST CHOICE TRAILERS LIMITED financials

first choice trailers limited Credit Report and Business Information

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first choice trailers limited Ownership

first choice trailers limited directors

first choice trailers limited company details

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first choice trailers limited Companies House Filings - See Documents