first light festival c.i.c.
first light festival c.i.c. Company Information
Company Number
11480047
Next Accounts
Sep 2025
Shareholders
-
Group Structure
View All
Industry
Cultural education
+1Registered Address
east point pavilion royal plain, lowestoft, suffolk, NR33 0AP
Website
firstlightfestivalcic.comfirst light festival c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of FIRST LIGHT FESTIVAL C.I.C. at £247.6k based on a Turnover of £759.9k and 0.33x industry multiple (adjusted for size and gross margin).
first light festival c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of FIRST LIGHT FESTIVAL C.I.C. at £27.8k based on an EBITDA of £9.6k and a 2.9x industry multiple (adjusted for size and gross margin).
first light festival c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of FIRST LIGHT FESTIVAL C.I.C. at £113.1k based on Net Assets of £65.6k and 1.72x industry multiple (adjusted for liquidity).
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First Light Festival C.i.c. Overview
First Light Festival C.i.c. is a live company located in suffolk, NR33 0AP with a Companies House number of 11480047. It operates in the cultural education sector, SIC Code 85520. Founded in July 2018, it's largest shareholder is unknown. First Light Festival C.i.c. is a young, small sized company, Pomanda has estimated its turnover at £759.9k with rapid growth in recent years.
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First Light Festival C.i.c. Health Check
Pomanda's financial health check has awarded First Light Festival C.I.C. a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £759.9k, make it larger than the average company (£302.9k)
£759.9k - First Light Festival C.i.c.
£302.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 62%, show it is growing at a faster rate (6.9%)
62% - First Light Festival C.i.c.
6.9% - Industry AVG
Production
with a gross margin of 7.6%, this company has a higher cost of product (66.5%)
7.6% - First Light Festival C.i.c.
66.5% - Industry AVG
Profitability
an operating margin of 1.2% make it less profitable than the average company (3.4%)
1.2% - First Light Festival C.i.c.
3.4% - Industry AVG
Employees
with 5 employees, this is similar to the industry average (6)
5 - First Light Festival C.i.c.
6 - Industry AVG
Pay Structure
on an average salary of £20.1k, the company has a lower pay structure (£26.8k)
£20.1k - First Light Festival C.i.c.
£26.8k - Industry AVG
Efficiency
resulting in sales per employee of £152k, this is more efficient (£68.2k)
£152k - First Light Festival C.i.c.
£68.2k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is near the average (13 days)
14 days - First Light Festival C.i.c.
13 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - First Light Festival C.i.c.
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - First Light Festival C.i.c.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 85 weeks, this is less cash available to meet short term requirements (117 weeks)
85 weeks - First Light Festival C.i.c.
117 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36.5%, this is a higher level of debt than the average (28%)
36.5% - First Light Festival C.i.c.
28% - Industry AVG
FIRST LIGHT FESTIVAL C.I.C. financials
First Light Festival C.I.C.'s latest turnover from December 2023 is £759.9 thousand and the company has net assets of £65.6 thousand. According to their latest financial statements, First Light Festival C.I.C. has 5 employees and maintains cash reserves of £61.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Turnover | 759,881 | 732,807 | 253,444 | 179,170 | 287,552 |
| Other Income Or Grants | |||||
| Cost Of Sales | 701,889 | 646,575 | 181,318 | 159,544 | 267,914 |
| Gross Profit | 57,992 | 86,232 | 72,126 | 19,626 | 19,638 |
| Admin Expenses | 48,975 | 65,664 | 26,723 | 17,860 | 15,469 |
| Operating Profit | 9,017 | 20,568 | 45,403 | 1,766 | 4,169 |
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | 9,017 | 20,568 | 45,403 | 1,766 | 4,169 |
| Tax | -1,713 | -3,840 | -8,627 | -335 | -792 |
| Profit After Tax | 7,304 | 16,728 | 36,776 | 1,431 | 3,377 |
| Dividends Paid | |||||
| Retained Profit | 7,304 | 16,728 | 36,776 | 1,431 | 3,377 |
| Employee Costs | 100,475 | 64,869 | |||
| Number Of Employees | 5 | 3 | 4 | 4 | |
| EBITDA* | 9,566 | 21,117 | 45,781 | 1,995 | 4,169 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 491 | 1,040 | 1,589 | 769 | |
| Intangible Assets | |||||
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 491 | 1,040 | 1,589 | 769 | |
| Stock & work in progress | |||||
| Trade Debtors | 30,208 | 40,605 | |||
| Group Debtors | |||||
| Misc Debtors | 10,939 | 39,725 | 2,371 | 4,396 | 527 |
| Cash | 61,652 | 31,257 | 165,594 | 52,024 | 6,967 |
| misc current assets | |||||
| total current assets | 102,799 | 111,587 | 167,965 | 56,420 | 7,494 |
| total assets | 103,290 | 112,627 | 169,554 | 57,189 | 7,494 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 360 | 1,170 | 2,400 | ||
| Group/Directors Accounts | |||||
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | 37,581 | 54,117 | 127,308 | 51,065 | 1,717 |
| total current liabilities | 37,581 | 54,117 | 127,668 | 52,235 | 4,117 |
| loans | |||||
| hp & lease commitments | |||||
| Accruals and Deferred Income | |||||
| other liabilities | |||||
| provisions | 93 | 198 | 302 | 146 | |
| total long term liabilities | 93 | 198 | 302 | 146 | |
| total liabilities | 37,674 | 54,315 | 127,970 | 52,381 | 4,117 |
| net assets | 65,616 | 58,312 | 41,584 | 4,808 | 3,377 |
| total shareholders funds | 65,616 | 58,312 | 41,584 | 4,808 | 3,377 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 9,017 | 20,568 | 45,403 | 1,766 | 4,169 |
| Depreciation | 549 | 549 | 378 | 229 | |
| Amortisation | |||||
| Tax | -1,713 | -3,840 | -8,627 | -335 | -792 |
| Stock | |||||
| Debtors | -39,183 | 77,959 | -2,025 | 3,869 | 527 |
| Creditors | -360 | -810 | -1,230 | 2,400 | |
| Accruals and Deferred Income | -16,536 | -73,191 | 76,243 | 49,348 | 1,717 |
| Deferred Taxes & Provisions | -105 | -104 | 156 | 146 | |
| Cash flow from operations | 30,395 | -134,337 | 114,768 | 46,055 | 6,967 |
| 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 | |||||
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 30,395 | -134,337 | 113,570 | 45,057 | 6,967 |
| overdraft | |||||
| change in cash | 30,395 | -134,337 | 113,570 | 45,057 | 6,967 |
first light festival c.i.c. Credit Report and Business Information
First Light Festival C.i.c. Competitor Analysis
Perform a competitor analysis for first light festival c.i.c. by selecting its closest rivals, whether from the EDUCATION sector, other small companies, companies in NR33 area or any other competitors across 12 key performance metrics.
first light festival c.i.c. Ownership
FIRST LIGHT FESTIVAL C.I.C. group structure
First Light Festival C.I.C. has no subsidiary companies.
Ultimate parent company
FIRST LIGHT FESTIVAL C.I.C.
11480047
first light festival c.i.c. directors
First Light Festival C.I.C. currently has 4 directors. The longest serving directors include Mr Wayne Hemingway (Jul 2018) and Ms Clare Matterson (Jul 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Wayne Hemingway | 64 years | Jul 2018 | - | Director | |
| Ms Clare Matterson | 62 years | Jul 2018 | - | Director | |
| Ms Mary Graham | England | 60 years | Nov 2019 | - | Director |
| Ms Sarah Kemp | England | 68 years | May 2022 | - | Director |
P&L
December 2023turnover
759.9k
+4%
operating profit
9k
-56%
gross margin
7.7%
-35.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
65.6k
+0.13%
total assets
103.3k
-0.08%
cash
61.7k
+0.97%
net assets
Total assets minus all liabilities
Similar Companies
first light festival c.i.c. company details
company number
11480047
Type
Private Ltd By Guarantee w/o Share Cap
industry
85520 - Cultural education
90030 - Artistic creation
incorporation date
July 2018
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
LOVEWELL BLAKE LLP
auditor
-
address
east point pavilion royal plain, lowestoft, suffolk, NR33 0AP
Bank
-
Legal Advisor
-
first light festival c.i.c. 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 did not find charges/mortgages relating to first light festival c.i.c..
first light festival c.i.c. 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 light festival c.i.c. Companies House Filings - See Documents
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