firethorn developments limited
firethorn developments limited Company Information
Company Number
12268126
Website
firethorntrust.comRegistered Address
3rd floor, 265 tottenham court road, london, W1T 7RQ
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 2025
Group Structure
View All
Shareholders
firethorn investors ltd 100%
firethorn developments limited Estimated Valuation
Pomanda estimates the enterprise value of FIRETHORN DEVELOPMENTS LIMITED at £614.7m based on a Turnover of £137m and 4.49x industry multiple (adjusted for size and gross margin).
firethorn developments limited Estimated Valuation
Pomanda estimates the enterprise value of FIRETHORN DEVELOPMENTS LIMITED at £283.7m based on an EBITDA of £27.7m and a 10.25x industry multiple (adjusted for size and gross margin).
firethorn developments limited Estimated Valuation
Pomanda estimates the enterprise value of FIRETHORN DEVELOPMENTS LIMITED at £2.9m based on Net Assets of £1.8m and 1.62x industry multiple (adjusted for liquidity).
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Firethorn Developments Limited Overview
Firethorn Developments Limited is a live company located in london, W1T 7RQ with a Companies House number of 12268126. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in October 2019, it's largest shareholder is firethorn investors ltd with a 100% stake. Firethorn Developments Limited is a young, mega sized company, Pomanda has estimated its turnover at £137m with rapid growth in recent years.
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Firethorn Developments Limited Health Check
Pomanda's financial health check has awarded Firethorn Developments Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
5 Weak
Size
annual sales of £137m, make it larger than the average company (£994.7k)
£137m - Firethorn Developments Limited
£994.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 182%, show it is growing at a faster rate (3.3%)
182% - Firethorn Developments Limited
3.3% - Industry AVG
Production
with a gross margin of 20.3%, this company has a higher cost of product (74%)
20.3% - Firethorn Developments Limited
74% - Industry AVG
Profitability
an operating margin of 20.2% make it less profitable than the average company (25.8%)
20.2% - Firethorn Developments Limited
25.8% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
3 - Firethorn Developments Limited
4 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Firethorn Developments Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £45.7m, this is more efficient (£199k)
£45.7m - Firethorn Developments Limited
£199k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is earlier than average (32 days)
14 days - Firethorn Developments Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (35 days)
2 days - Firethorn Developments Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (52 days)
2 days - Firethorn Developments Limited
52 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is more cash available to meet short term requirements (11 weeks)
24 weeks - Firethorn Developments Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85.6%, this is a higher level of debt than the average (69.4%)
85.6% - Firethorn Developments Limited
69.4% - Industry AVG
FIRETHORN DEVELOPMENTS LIMITED financials
Firethorn Developments Limited's latest turnover from December 2023 is £137 million and the company has net assets of £1.8 million. According to their latest financial statements, Firethorn Developments Limited has 3 employees and maintains cash reserves of £4.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Turnover | 136,968,324 | 160,068,006 | 55,344,463 | 6,114,862 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 109,164,165 | 107,515,755 | 55,197,611 | 0 |
| Gross Profit | 27,804,159 | 52,552,251 | 146,852 | 6,114,862 |
| Admin Expenses | 138,195 | 140,235 | 167,229 | 6,144,603 |
| Operating Profit | 27,665,964 | 52,412,016 | -20,377 | -29,741 |
| Interest Payable | 0 | 0 | 0 | 0 |
| Interest Receivable | 205,205 | 10,463 | 0 | 0 |
| Pre-Tax Profit | 27,871,169 | 52,422,479 | -20,377 | -29,741 |
| Tax | -6,555,683 | -9,961,307 | 0 | 0 |
| Profit After Tax | 21,315,486 | 42,461,172 | -20,377 | -29,741 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Retained Profit | 21,315,486 | 42,461,172 | -20,377 | -29,741 |
| Employee Costs | 0 | 0 | 0 | 0 |
| Number Of Employees | 3 | 3 | 3 | |
| EBITDA* | 27,665,964 | 52,412,016 | -18,234 | -29,741 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 |
| Stock & work in progress | 795,095 | 0 | 0 | 0 |
| Trade Debtors | 5,457,146 | 71,725,523 | 5,236,165 | 1,710,964 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,261,677 | 1,619,226 | 1,623,293 | 0 |
| Cash | 4,909,472 | 2,443,127 | 375,614 | 44,236 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 12,423,390 | 75,787,876 | 7,235,072 | 1,755,200 |
| total assets | 12,423,390 | 75,787,876 | 7,235,072 | 1,755,200 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 674,172 | 10,909,162 | 5,248,356 | 1,647,912 |
| Group/Directors Accounts | 896,175 | 11,369,712 | 409,040 | 126,548 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 9,059,016 | 10,015,655 | 1,627,794 | 10,480 |
| total current liabilities | 10,629,363 | 32,294,529 | 7,285,190 | 1,784,940 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 1,082,293 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 1,082,293 | 0 | 0 |
| total liabilities | 10,629,363 | 33,376,822 | 7,285,190 | 1,784,940 |
| net assets | 1,794,027 | 42,411,054 | -50,118 | -29,740 |
| total shareholders funds | 1,794,027 | 42,411,054 | -50,118 | -29,740 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 27,665,964 | 52,412,016 | -20,377 | -29,741 |
| Depreciation | 0 | 0 | 2,143 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | -6,555,683 | -9,961,307 | 0 | 0 |
| Stock | 795,095 | 0 | 0 | 0 |
| Debtors | -66,625,926 | 66,485,291 | 5,148,494 | 1,710,964 |
| Creditors | -10,234,990 | 5,660,806 | 3,600,444 | 1,647,912 |
| Accruals and Deferred Income | -2,038,932 | 9,470,154 | 1,617,314 | 10,480 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | 74,667,190 | -8,903,622 | 51,030 | -82,313 |
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -10,473,537 | 10,960,672 | 282,492 | 126,548 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | 205,205 | 10,463 | 0 | 0 |
| cash flow from financing | -72,200,845 | 10,971,135 | 282,491 | 126,549 |
| cash and cash equivalents | ||||
| cash | 2,466,345 | 2,067,513 | 331,378 | 44,236 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 2,466,345 | 2,067,513 | 331,378 | 44,236 |
firethorn developments limited Credit Report and Business Information
Firethorn Developments Limited Competitor Analysis
Perform a competitor analysis for firethorn developments limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mega companies, companies in W1T area or any other competitors across 12 key performance metrics.
firethorn developments limited Ownership
FIRETHORN DEVELOPMENTS LIMITED group structure
Firethorn Developments Limited has no subsidiary companies.
Ultimate parent company
1 parent
FIRETHORN DEVELOPMENTS LIMITED
12268126
firethorn developments limited directors
Firethorn Developments Limited currently has 4 directors. The longest serving directors include Mr Christopher Webb (Oct 2019) and Mr Javier Aldrete (Oct 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Webb | 44 years | Oct 2019 | - | Director | |
| Mr Javier Aldrete | United Kingdom | 48 years | Oct 2019 | - | Director |
| Mr Javier Aldrete | United Kingdom | 48 years | Oct 2019 | - | Director |
| Mr Tanner Moore | England | 34 years | Jun 2020 | - | Director |
P&L
December 2023turnover
137m
-14%
operating profit
27.7m
-47%
gross margin
20.3%
-38.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.8m
-0.96%
total assets
12.4m
-0.84%
cash
4.9m
+1.01%
net assets
Total assets minus all liabilities
firethorn developments limited company details
company number
12268126
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 2019
age
5
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
firethorn milton ham holdings limited (March 2020)
accountant
-
auditor
BDO LLP
address
3rd floor, 265 tottenham court road, london, W1T 7RQ
Bank
-
Legal Advisor
-
firethorn 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 2 charges/mortgages relating to firethorn developments limited. Currently there are 0 open charges and 2 have been satisfied in the past.
firethorn developments limited Companies House Filings - See Documents
| date | description | view/download |
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