first street manchester propco limited
first street manchester propco limited Company Information
Company Number
09821735
Website
-Registered Address
8 sackville street, london, W1S 3DG
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
new co (first street) 2 ltd 100%
first street manchester propco limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST STREET MANCHESTER PROPCO LIMITED at £16.1m based on a Turnover of £4.7m and 3.46x industry multiple (adjusted for size and gross margin).
first street manchester propco limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST STREET MANCHESTER PROPCO LIMITED at £69.5m based on an EBITDA of £9.2m and a 7.59x industry multiple (adjusted for size and gross margin).
first street manchester propco limited Estimated Valuation
Pomanda estimates the enterprise value of FIRST STREET MANCHESTER PROPCO LIMITED at £20.5m based on Net Assets of £12.8m and 1.6x industry multiple (adjusted for liquidity).
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First Street Manchester Propco Limited Overview
First Street Manchester Propco Limited is a live company located in london, W1S 3DG with a Companies House number of 09821735. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in October 2015, it's largest shareholder is new co (first street) 2 ltd with a 100% stake. First Street Manchester Propco Limited is a young, small sized company, Pomanda has estimated its turnover at £4.7m with unknown growth in recent years.
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First Street Manchester Propco Limited Health Check
Pomanda's financial health check has awarded First Street Manchester Propco Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
2 Weak
Size
annual sales of £4.7m, make it larger than the average company (£864k)
£4.7m - First Street Manchester Propco Limited
£864k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- First Street Manchester Propco Limited
- - Industry AVG
Production
with a gross margin of 70.2%, this company has a comparable cost of product (70.2%)
70.2% - First Street Manchester Propco Limited
70.2% - Industry AVG
Profitability
an operating margin of 196.7% make it more profitable than the average company (34.5%)
196.7% - First Street Manchester Propco Limited
34.5% - Industry AVG
Employees
with 25 employees, this is above the industry average (4)
- First Street Manchester Propco Limited
4 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- First Street Manchester Propco Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £186.1k, this is equally as efficient (£187.9k)
- First Street Manchester Propco Limited
£187.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - First Street Manchester Propco Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - First Street Manchester Propco Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - First Street Manchester Propco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (13 weeks)
2 weeks - First Street Manchester Propco Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 81.5%, this is a higher level of debt than the average (70%)
81.5% - First Street Manchester Propco Limited
70% - Industry AVG
first street manchester propco limited Credit Report and Business Information
First Street Manchester Propco Limited Competitor Analysis
Perform a competitor analysis for first street manchester propco limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
first street manchester propco limited Ownership
FIRST STREET MANCHESTER PROPCO LIMITED group structure
First Street Manchester Propco Limited has 2 subsidiary companies.
Ultimate parent company
DWS GRUNDBESITZ GMBH
#0031087
2 parents
FIRST STREET MANCHESTER PROPCO LIMITED
09821735
2 subsidiaries
first street manchester propco limited directors
First Street Manchester Propco Limited currently has 5 directors. The longest serving directors include Mr Paul Windsor (Aug 2019) and Mr Simon Drewett (Sep 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Windsor | England | 66 years | Aug 2019 | - | Director |
| Mr Simon Drewett | England | 53 years | Sep 2020 | - | Director |
| Mr Neil Townson | England | 63 years | Nov 2022 | - | Director |
| Mr Bruno Obasi | England | 51 years | Nov 2023 | - | Director |
| Mr James McGowan | England | 50 years | Nov 2023 | - | Director |
FIRST STREET MANCHESTER PROPCO LIMITED financials
First Street Manchester Propco Limited's latest turnover from December 2022 is £4.7 million and the company has net assets of £12.8 million. According to their latest financial statements, we estimate that First Street Manchester Propco Limited has 25 employees and maintains cash reserves of £587.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Turnover | 4,652,972 | 3,480,931 | -1,292,042 | -3,572,030 | 2,675,000 | 2,211,000 | 746,000 |
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | 11,411,000 | 3,099,000 | 8,651,000 | ||||
| Interest Payable | 1,516,218 | 1,517,283 | 1,650,799 | 2,523,548 | 2,367,000 | 2,666,000 | 483,000 |
| Interest Receivable | 0 | 79 | 0 | 61 | 18,000 | 20,000 | 86,000 |
| Pre-Tax Profit | 2,259,188 | 1,755,862 | -3,140,406 | -6,216,539 | 9,044,000 | 453,000 | 8,254,000 |
| Tax | -766,906 | -1,053,270 | 533,687 | 683,229 | -1,486,000 | 73,000 | -1,345,000 |
| Profit After Tax | 1,492,282 | 702,592 | -2,606,719 | -5,533,310 | 7,558,000 | 526,000 | 6,909,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,492,282 | 702,592 | -2,606,719 | -5,533,310 | 7,558,000 | 526,000 | 6,909,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | |||||||
| EBITDA* | 11,411,000 | 3,099,000 | 8,651,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 54,212,133 | 52,100,289 | 50,380,279 | 53,296,699 | 49,995,000 | 41,250,000 | 40,393,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 48,365,640 | 46,253,796 | 44,533,786 | 47,621,979 | 49,995,000 | 41,250,000 | 40,340,000 |
| Debtors (Due After 1 year) | 5,846,493 | 5,846,493 | 5,846,493 | 5,674,720 | 0 | 0 | 0 |
| Total Fixed Assets | 54,212,133 | 52,100,289 | 50,380,279 | 53,296,699 | 49,995,000 | 41,250,000 | 40,393,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 14,034,880 | 14,424,692 | 13,970,115 | 14,350,121 | 130,000 | 894,000 | 0 |
| Misc Debtors | 151,824 | 92,731 | 115,352 | 287,281 | 124,000 | 117,000 | 193,000 |
| Cash | 587,433 | 396,118 | 1,339,916 | 6,200,978 | 0 | 0 | 3,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 14,774,137 | 14,913,541 | 15,425,383 | 20,838,380 | 254,000 | 1,011,000 | 196,000 |
| total assets | 68,986,270 | 67,013,830 | 65,805,662 | 74,135,079 | 50,249,000 | 42,261,000 | 40,589,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 1,000 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 368,000 |
| Trade Creditors | 0 | 35,617 | 133,606 | 13,252 | 0 | 0 | 75,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 188,194 | 235,243 | 530,640 | 408,602 | 447,000 | 21,443,000 | 0 |
| hp & lease commitments | 97,650 | 97,650 | 97,650 | 0 | 0 | 0 | 0 |
| other current liabilities | 11,554,608 | 11,454,910 | 11,508,552 | 11,555,226 | 3,000 | 46,000 | 9,988,000 |
| total current liabilities | 11,840,452 | 11,823,420 | 12,270,448 | 11,977,080 | 451,000 | 21,489,000 | 10,431,000 |
| loans | 76,916,128 | 76,887,082 | 76,858,034 | 82,828,906 | 42,150,000 | 898,000 | 43,808,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 2,957,593 | 3,081,845 | 3,081,883 | 8,616,597 | 10,972,000 | 11,616,000 | 0 |
| provisions | 5,926,134 | 4,780,424 | 2,904,188 | 3,896,020 | 5,516,000 | 2,544,000 | 2,690,000 |
| total long term liabilities | 44,378,724 | 43,915,598 | 42,962,994 | 51,979,060 | 34,805,000 | 13,337,000 | 23,249,000 |
| total liabilities | 56,219,176 | 55,739,018 | 55,233,442 | 63,956,140 | 35,256,000 | 34,826,000 | 33,680,000 |
| net assets | 12,767,094 | 11,274,812 | 10,572,220 | 10,178,939 | 14,993,000 | 7,435,000 | 6,909,000 |
| total shareholders funds | 12,767,094 | 11,274,812 | 10,572,220 | 10,178,939 | 14,993,000 | 7,435,000 | 6,909,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 11,411,000 | 3,099,000 | 8,651,000 | ||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -766,906 | -1,053,270 | 533,687 | 683,229 | -1,486,000 | 73,000 | -1,345,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -330,719 | 431,956 | -380,162 | 20,058,122 | -757,000 | 818,000 | 193,000 |
| Creditors | -35,617 | -97,989 | 120,354 | 13,252 | 0 | -75,000 | 75,000 |
| Accruals and Deferred Income | 99,698 | -53,642 | -46,674 | 11,552,226 | -43,000 | -9,942,000 | 9,988,000 |
| Deferred Taxes & Provisions | 1,145,710 | 1,876,236 | -991,832 | -1,619,980 | 2,972,000 | -146,000 | 2,690,000 |
| Cash flow from operations | 13,611,000 | -7,809,000 | 19,866,000 | ||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 2,111,844 | 1,720,010 | -3,088,193 | -2,373,021 | 8,745,000 | 910,000 | 40,340,000 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | -368,000 | 368,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -47,049 | -295,397 | 122,038 | -38,398 | -20,996,000 | 21,443,000 | 0 |
| Long term loans | 29,046 | 29,048 | -5,970,872 | 40,678,906 | 41,252,000 | -42,910,000 | 43,808,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 97,650 | 0 | 0 | 0 | 0 |
| other long term liabilities | -124,252 | -38 | -5,534,714 | -2,355,403 | -644,000 | 11,616,000 | 0 |
| share issue | |||||||
| interest | -1,516,218 | -1,517,204 | -1,650,799 | -2,523,487 | -2,349,000 | -2,646,000 | -397,000 |
| cash flow from financing | -1,658,473 | -1,783,591 | -9,936,697 | 36,480,867 | 17,263,000 | -12,865,000 | 43,779,000 |
| cash and cash equivalents | |||||||
| cash | 191,315 | -943,798 | -4,861,062 | 6,200,978 | 0 | -3,000 | 3,000 |
| overdraft | 0 | 0 | 0 | -1,000 | 1,000 | 0 | 0 |
| change in cash | 191,315 | -943,798 | -4,861,062 | 6,201,978 | -1,000 | -3,000 | 3,000 |
P&L
December 2022turnover
4.7m
+34%
operating profit
9.2m
0%
gross margin
70.2%
+2.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
12.8m
+0.13%
total assets
69m
+0.03%
cash
587.4k
+0.48%
net assets
Total assets minus all liabilities
Similar Companies
first street manchester propco limited company details
company number
09821735
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
October 2015
age
9
accounts
Small Company
ultimate parent company
previous names
vita first street limited (December 2019)
incorporated
UK
address
8 sackville street, london, W1S 3DG
last accounts submitted
December 2022
first street manchester propco 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 2 charges/mortgages relating to first street manchester propco limited. Currently there are 1 open charges and 1 have been satisfied in the past.
first street manchester propco limited Companies House Filings - See Documents
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