Pomanda estimates the enterprise value of FIRST AFFORDABLE LIMITED at £398.1k based on a Turnover of £812.2k and 0.49x industry multiple (adjusted for size and gross margin).
first affordable limitedEstimated Valuation
£26k
Pomanda estimates the enterprise value of FIRST AFFORDABLE LIMITED at £26k based on an EBITDA of £6.9k and a 3.74x industry multiple (adjusted for size and gross margin).
first affordable limitedEstimated Valuation
£43.2k
Pomanda estimates the enterprise value of FIRST AFFORDABLE LIMITED at £43.2k based on Net Assets of £31.2k and 1.39x industry multiple (adjusted for liquidity).
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First Affordable LimitedOverview
First Affordable Limited is a live company located in london, W1G 9EL with a Companies House number of 08733712. It operates in the development of building projects sector, SIC Code 41100. Founded in October 2013, it's largest shareholder is
first base ltd
with a 100% stake. First Affordable Limited is a established,
small sized company, Pomanda has estimated its turnover at
£812.2k with
high
growth in recent years.
Pomanda's financial health check has awarded First Affordable Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
2 Strong
5 Regular
4 Weak
Size
annual sales of £812.2k, make it smaller than the average company (£2.3m)
£812.2k - First Affordable Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (6%)
21% - First Affordable Limited
6% - Industry AVG
Production
with a gross margin of 26.2%, this company has a comparable cost of product (26.2%)
26.2% - First Affordable Limited
26.2% - Industry AVG
Profitability
an operating margin of 0.9% make it less profitable than the average company (7.5%)
0.9% - First Affordable Limited
7.5% - Industry AVG
Employees
with 5 employees, this is similar to the industry average (6)
5 - First Affordable Limited
6 - Industry AVG
Pay Structure
on an average salary of £48.3k, the company has an equivalent pay structure (£48.3k)
£48.3k - First Affordable Limited
£48.3k - Industry AVG
Efficiency
resulting in sales per employee of £162.4k, this is less efficient (£278.4k)
£162.4k - First Affordable Limited
£278.4k - Industry AVG
Debtor Days
it gets paid by customers after 28 days, this is near the average (27 days)
28 days - First Affordable Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is quicker than average (31 days)
26 days - First Affordable Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - First Affordable Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 32 weeks, this is more cash available to meet short term requirements (11 weeks)
32 weeks - First Affordable Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.7%, this is a similar level of debt than the average (73.8%)
75.7% - First Affordable Limited
73.8% - Industry AVG
FIRST AFFORDABLE LIMITED financials
EXPORT
First Affordable Limited's latest turnover from March 2024 is estimated at £812.2 thousand and the company has net assets of £31.2 thousand. According to their latest financial statements, First Affordable Limited has 5 employees and maintains cash reserves of £60 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Turnover
812,187
455,885
425,136
455,747
442,589
Other Income Or Grants
Cost Of Sales
599,114
337,946
321,019
344,338
323,429
Gross Profit
213,073
117,939
104,118
111,409
119,160
Admin Expenses
206,123
157,466
109,445
67,245
81,711
-123
Operating Profit
6,950
-39,527
-5,327
44,164
37,449
123
Interest Payable
Interest Receivable
2,221
2,253
545
45
13
Pre-Tax Profit
9,171
-37,274
-4,782
44,209
37,462
123
Tax
-2,293
-8,400
-7,118
-23
Profit After Tax
6,878
-37,274
-4,782
35,809
30,344
100
Dividends Paid
Retained Profit
6,878
-37,274
-4,782
35,809
30,344
100
Employee Costs
241,380
229,733
222,265
216,361
217,104
Number Of Employees
5
5
5
5
5
EBITDA*
6,950
-39,527
-5,327
44,164
37,449
123
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors
64,041
16,918
8,438
30,906
20,463
Group Debtors
100
100
Misc Debtors
4,466
41,990
Cash
60,017
24,587
81,439
63,813
25,850
misc current assets
total current assets
128,524
83,495
89,877
94,719
46,313
100
100
total assets
128,524
83,495
89,877
94,719
46,313
100
100
Bank overdraft
Bank loan
Trade Creditors
43,660
8,460
12,865
300
300
Group/Directors Accounts
53,220
15,441
15,441
28,066
15,469
other short term finances
hp & lease commitments
other current liabilities
469
35,297
total current liabilities
97,349
59,198
28,306
28,366
15,769
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
97,349
59,198
28,306
28,366
15,769
net assets
31,175
24,297
61,571
66,353
30,544
100
100
total shareholders funds
31,175
24,297
61,571
66,353
30,544
100
100
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Operating Activities
Operating Profit
6,950
-39,527
-5,327
44,164
37,449
123
Depreciation
Amortisation
Tax
-2,293
-8,400
-7,118
-23
Stock
Debtors
9,599
50,470
-22,468
10,443
20,363
100
Creditors
35,200
-4,405
12,565
300
Accruals and Deferred Income
-34,828
35,297
Deferred Taxes & Provisions
Cash flow from operations
-4,570
-59,105
29,706
25,321
10,268
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
37,779
-12,625
12,597
15,469
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
interest
2,221
2,253
545
45
13
cash flow from financing
40,000
2,253
-12,080
12,642
15,582
cash and cash equivalents
cash
35,430
-56,852
17,626
37,963
25,850
overdraft
change in cash
35,430
-56,852
17,626
37,963
25,850
first affordable limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for first affordable limited. Get real-time insights into first affordable limited's credit score, group structure and payment trends.
Perform a competitor analysis for first affordable limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in W1G area or any other competitors across 12 key performance metrics.
first affordable limited Ownership
FIRST AFFORDABLE LIMITED group structure
First Affordable Limited has no subsidiary companies.
The sole shareholder of First Affordable Limited is First Base Ltd.
first base ltd
100%
first affordable limited directors
First Affordable Limited currently has 6 directors.
The longest serving directors include
Mr Elliot Lipton (Oct 2013) and
Dr Peter Williams (Apr 2015).
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 affordable limited.
first affordable limited Capital Raised & Share Issues BETA
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first affordable limitedCompanies House Filings - See Documents
