first time property solutions limited

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first time property solutions limited Company Information

Share FIRST TIME PROPERTY SOLUTIONS LIMITED

Company Number

10763571

Directors

Gavin Bateman

Shareholders

gavin bateman

Group Structure

View All

Industry

Buying and selling of own real estate

 

Registered Address

27 old gloucester street, london, WC1N 3AX

first time property solutions limited Estimated Valuation

£104.6k

Pomanda estimates the enterprise value of FIRST TIME PROPERTY SOLUTIONS LIMITED at £104.6k based on a Turnover of £50.4k and 2.08x industry multiple (adjusted for size and gross margin).

first time property solutions limited Estimated Valuation

£0

Pomanda estimates the enterprise value of FIRST TIME PROPERTY SOLUTIONS LIMITED at £0 based on an EBITDA of £-10.9k and a 4.45x industry multiple (adjusted for size and gross margin).

first time property solutions limited Estimated Valuation

£0

Pomanda estimates the enterprise value of FIRST TIME PROPERTY SOLUTIONS LIMITED at £0 based on Net Assets of £-120.9k and 1.58x industry multiple (adjusted for liquidity).

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First Time Property Solutions Limited Overview

First Time Property Solutions Limited is a live company located in london, WC1N 3AX with a Companies House number of 10763571. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in May 2017, it's largest shareholder is gavin bateman with a 100% stake. First Time Property Solutions Limited is a young, micro sized company, Pomanda has estimated its turnover at £50.4k with high growth in recent years.

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First Time Property Solutions Limited Health Check

Pomanda's financial health check has awarded First Time Property Solutions Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £50.4k, make it smaller than the average company (£801k)

£50.4k - First Time Property Solutions Limited

£801k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (3.3%)

25% - First Time Property Solutions Limited

3.3% - Industry AVG

production

Production

with a gross margin of 26.5%, this company has a higher cost of product (70.6%)

26.5% - First Time Property Solutions Limited

70.6% - Industry AVG

profitability

Profitability

an operating margin of -21.6% make it less profitable than the average company (24.7%)

-21.6% - First Time Property Solutions Limited

24.7% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (4)

1 - First Time Property Solutions Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £39.6k, the company has an equivalent pay structure (£39.6k)

£39.6k - First Time Property Solutions Limited

£39.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £50.4k, this is less efficient (£176.9k)

£50.4k - First Time Property Solutions Limited

£176.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 4 days, this is earlier than average (24 days)

4 days - First Time Property Solutions Limited

24 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 1351 days, this is slower than average (33 days)

1351 days - First Time Property Solutions Limited

33 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - First Time Property Solutions Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - First Time Property Solutions Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 727.5%, this is a higher level of debt than the average (64.6%)

727.5% - First Time Property Solutions Limited

64.6% - Industry AVG

FIRST TIME PROPERTY SOLUTIONS LIMITED financials

EXPORTms excel logo

First Time Property Solutions Limited's latest turnover from May 2024 is estimated at £50.4 thousand and the company has net assets of -£120.9 thousand. According to their latest financial statements, we estimate that First Time Property Solutions Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

May 2024May 2023May 2022May 2021May 2020May 2019May 2018
Turnover50,35848,15731,91925,57020,29248,50949,362
Other Income Or Grants
Cost Of Sales37,00535,50723,28619,62816,14036,58836,815
Gross Profit13,35312,6508,6335,9414,15311,92212,548
Admin Expenses24,23529,88017,00718,95217,06432,81350,107
Operating Profit-10,882-17,230-8,374-13,011-12,911-20,891-37,559
Interest Payable
Interest Receivable
Pre-Tax Profit-10,882-17,230-8,374-13,011-12,911-20,891-37,559
Tax
Profit After Tax-10,882-17,230-8,374-13,011-12,911-20,891-37,559
Dividends Paid
Retained Profit-10,882-17,230-8,374-13,011-12,911-20,891-37,559
Employee Costs39,62734,93336,49734,87838,80238,72537,075
Number Of Employees1111111
EBITDA*-10,882-17,230-8,374-13,011-12,911-20,891-37,559

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2024May 2023May 2022May 2021May 2020May 2019May 2018
Tangible Assets88177266
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets88177266
Stock & work in progress
Trade Debtors619389475359907
Group Debtors
Misc Debtors18,6408,640
Cash
misc current assets
total current assets19,2599,029475359907
total assets19,2599,029475359995177266
Bank overdraft
Bank loan
Trade Creditors 137,047112,94081,96469,98255,05855,78335,051
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities50146
total current liabilities137,047112,94081,96469,98255,05855,83335,197
loans
hp & lease commitments
Accruals and Deferred Income2,2722,9152,9142,7942,628
other liabilities3,0706,0658,98511,83414,384
provisions
total long term liabilities3,0706,06511,25714,74917,2982,7942,628
total liabilities140,117119,00593,22184,73172,35658,62737,825
net assets-120,858-109,976-92,746-84,372-71,361-58,450-37,559
total shareholders funds-120,858-109,976-92,746-84,372-71,361-58,450-37,559
May 2024May 2023May 2022May 2021May 2020May 2019May 2018
Operating Activities
Operating Profit-10,882-17,230-8,374-13,011-12,911-20,891-37,559
Depreciation
Amortisation
Tax
Stock
Debtors10,2308,554116-548907
Creditors24,10730,97611,98214,924-72520,73235,051
Accruals and Deferred Income-2,272-643170702,774
Deferred Taxes & Provisions
Cash flow from operations2,9952,9202,8492,462-14,473-89266
Investing Activities
capital expenditure888989-266
Change in Investments
cash flow from investments888989-266
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-2,995-2,920-2,849-2,55014,384
share issue
interest
cash flow from financing-2,995-2,920-2,849-2,55014,384
cash and cash equivalents
cash
overdraft
change in cash

first time property solutions 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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First Time Property Solutions Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for first time property solutions limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in WC1N area or any other competitors across 12 key performance metrics.

first time property solutions limited Ownership

FIRST TIME PROPERTY SOLUTIONS LIMITED group structure

First Time Property Solutions Limited has no subsidiary companies.

Ultimate parent company

FIRST TIME PROPERTY SOLUTIONS LIMITED

10763571

FIRST TIME PROPERTY SOLUTIONS LIMITED Shareholders

gavin bateman 100%

first time property solutions limited directors

First Time Property Solutions Limited currently has 1 director, Mr Gavin Bateman serving since May 2017.

officercountryagestartendrole
Mr Gavin BatemanUnited Kingdom45 years May 2017- Director

P&L

May 2024

turnover

50.4k

+5%

operating profit

-10.9k

0%

gross margin

26.6%

+0.94%

turnover

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

Balance Sheet

May 2024

net assets

-120.9k

+0.1%

total assets

19.3k

+1.13%

cash

0

0%

net assets

Total assets minus all liabilities

first time property solutions limited company details

company number

10763571

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

May 2017

age

8

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

May 2024

previous names

N/A

accountant

FBD CONSULTANCY ACCOUNTS & TAX LTD

auditor

-

address

27 old gloucester street, london, WC1N 3AX

Bank

-

Legal Advisor

-

first time property solutions 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 time property solutions limited. Currently there are 2 open charges and 0 have been satisfied in the past.

first time property solutions 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 time property solutions limited Companies House Filings - See Documents

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