first choice design and developments limited
first choice design and developments limited Company Information
Company Number
09295918
Next Accounts
1560 days late
Directors
Shareholders
neal colin
danika neal
Group Structure
View All
Industry
Development of building projects
Registered Address
bartle house oxford court, manchester, M2 3WQ
Website
-first choice design and developments limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST CHOICE DESIGN AND DEVELOPMENTS LIMITED at £5m based on a Turnover of £11.3m and 0.44x industry multiple (adjusted for size and gross margin).
first choice design and developments limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST CHOICE DESIGN AND DEVELOPMENTS LIMITED at £0 based on an EBITDA of £-44.4k and a 3.38x industry multiple (adjusted for size and gross margin).
first choice design and developments limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST CHOICE DESIGN AND DEVELOPMENTS LIMITED at £0 based on Net Assets of £-616.1k and 1.49x industry multiple (adjusted for liquidity).
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First Choice Design And Developments Limited Overview
First Choice Design And Developments Limited is a live company located in manchester, M2 3WQ with a Companies House number of 09295918. It operates in the development of building projects sector, SIC Code 41100. Founded in November 2014, it's largest shareholder is neal colin with a 55% stake. First Choice Design And Developments Limited is a established, mid sized company, Pomanda has estimated its turnover at £11.3m with rapid growth in recent years.
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First Choice Design And Developments Limited Health Check
Pomanda's financial health check has awarded First Choice Design And Developments 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
4 Strong
1 Regular
5 Weak
Size
annual sales of £11.3m, make it larger than the average company (£1.6m)
- First Choice Design And Developments Limited
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 2597%, show it is growing at a faster rate (5.5%)
- First Choice Design And Developments Limited
5.5% - Industry AVG
Production
with a gross margin of 10.5%, this company has a higher cost of product (29%)
- First Choice Design And Developments Limited
29% - Industry AVG
Profitability
an operating margin of -0.4% make it less profitable than the average company (12.4%)
- First Choice Design And Developments Limited
12.4% - Industry AVG
Employees
with 17 employees, this is above the industry average (7)
- First Choice Design And Developments Limited
7 - Industry AVG
Pay Structure
on an average salary of £42.2k, the company has an equivalent pay structure (£42.2k)
- First Choice Design And Developments Limited
£42.2k - Industry AVG
Efficiency
resulting in sales per employee of £666k, this is more efficient (£273.2k)
- First Choice Design And Developments Limited
£273.2k - Industry AVG
Debtor Days
it gets paid by customers after 139 days, this is later than average (29 days)
- First Choice Design And Developments Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (32 days)
- First Choice Design And Developments Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- First Choice Design And Developments Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - First Choice Design And Developments Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 114.2%, this is a higher level of debt than the average (71.4%)
114.2% - First Choice Design And Developments Limited
71.4% - Industry AVG
FIRST CHOICE DESIGN AND DEVELOPMENTS LIMITED financials
First Choice Design And Developments Limited's latest turnover from November 2018 is estimated at £11.3 million and the company has net assets of -£616.1 thousand. According to their latest financial statements, we estimate that First Choice Design And Developments Limited has 17 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | |
|---|---|---|---|---|
| Turnover | ||||
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | ||||
| Admin Expenses | ||||
| Operating Profit | ||||
| Interest Payable | ||||
| Interest Receivable | ||||
| Pre-Tax Profit | ||||
| Tax | ||||
| Profit After Tax | ||||
| Dividends Paid | ||||
| Retained Profit | ||||
| Employee Costs | ||||
| Number Of Employees | 2 | 2 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | |
|---|---|---|---|---|
| Tangible Assets | 1,337 | 2,007 | ||
| Intangible Assets | ||||
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 1,337 | 2,007 | ||
| Stock & work in progress | ||||
| Trade Debtors | 4,334,750 | 1,618,214 | 100 | 100 |
| Group Debtors | ||||
| Misc Debtors | ||||
| Cash | ||||
| misc current assets | ||||
| total current assets | 4,334,750 | 1,618,214 | 100 | 100 |
| total assets | 4,336,087 | 1,620,221 | 100 | 100 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 151,300 | 76,402 | ||
| Group/Directors Accounts | ||||
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | ||||
| total current liabilities | 151,300 | 76,402 | ||
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | 4,615 | 2,110 | ||
| other liabilities | 4,796,280 | 2,113,378 | ||
| provisions | ||||
| total long term liabilities | 4,800,895 | 2,115,488 | ||
| total liabilities | 4,952,195 | 2,191,890 | ||
| net assets | -616,108 | -571,669 | 100 | 100 |
| total shareholders funds | -616,108 | -571,669 | 100 | 100 |
| Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | ||||
| Amortisation | ||||
| Tax | ||||
| Stock | ||||
| Debtors | 2,716,536 | 1,618,114 | 100 | |
| Creditors | 74,898 | 76,402 | ||
| Accruals and Deferred Income | 2,505 | 2,110 | ||
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | ||||
| Other Short Term Loans | ||||
| Long term loans | ||||
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | 2,682,902 | 2,113,378 | ||
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | ||||
| overdraft | ||||
| change in cash |
first choice design and developments limited Credit Report and Business Information
First Choice Design And Developments Limited Competitor Analysis
Perform a competitor analysis for first choice design and developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in M 2 area or any other competitors across 12 key performance metrics.
first choice design and developments limited Ownership
FIRST CHOICE DESIGN AND DEVELOPMENTS LIMITED group structure
First Choice Design And Developments Limited has no subsidiary companies.
Ultimate parent company
FIRST CHOICE DESIGN AND DEVELOPMENTS LIMITED
09295918
first choice design and developments limited directors
First Choice Design And Developments Limited currently has 1 director, Mr Colin Neal serving since Nov 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Colin Neal | 63 years | Nov 2014 | - | Director |
P&L
November 2018turnover
11.3m
+239%
operating profit
-44.4k
0%
gross margin
10.6%
-8.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2018net assets
-616.1k
+0.08%
total assets
4.3m
+1.68%
cash
0
0%
net assets
Total assets minus all liabilities
first choice design and developments limited company details
company number
09295918
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
November 2014
age
11
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
November 2018
previous names
first choice design and development limited (November 2014)
accountant
CHASE ACCOUNTANCY LIMITED
auditor
-
address
bartle house oxford court, manchester, M2 3WQ
Bank
-
Legal Advisor
-
first choice design and developments 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 4 charges/mortgages relating to first choice design and developments limited. Currently there are 4 open charges and 0 have been satisfied in the past.
first choice design and developments 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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first choice design and developments limited Companies House Filings - See Documents
| date | description | view/download |
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