be first developments (muller) limited
be first developments (muller) limited Company Information
Company Number
12432222
Website
-Registered Address
one express 1, george leigh street, manchester, M4 5DL
Industry
Buying and selling of own real estate
Urban planning and landscape architectural activities
Telephone
-
Next Accounts Due
130 days late
Group Structure
View All
Shareholders
mayor & burgess of london borough of barking dagenham 100%
be first developments (muller) limited Estimated Valuation
Pomanda estimates the enterprise value of BE FIRST DEVELOPMENTS (MULLER) LIMITED at £1.1m based on a Turnover of £629.3k and 1.72x industry multiple (adjusted for size and gross margin).
be first developments (muller) limited Estimated Valuation
Pomanda estimates the enterprise value of BE FIRST DEVELOPMENTS (MULLER) LIMITED at £1.1m based on an EBITDA of £195.8k and a 5.49x industry multiple (adjusted for size and gross margin).
be first developments (muller) limited Estimated Valuation
Pomanda estimates the enterprise value of BE FIRST DEVELOPMENTS (MULLER) LIMITED at £44.4m based on Net Assets of £23.6m and 1.89x industry multiple (adjusted for liquidity).
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Be First Developments (muller) Limited Overview
Be First Developments (muller) Limited is a live company located in manchester, M4 5DL with a Companies House number of 12432222. It operates in the development of building projects sector, SIC Code 41100. Founded in January 2020, it's largest shareholder is mayor & burgess of london borough of barking dagenham with a 100% stake. Be First Developments (muller) Limited is a startup, small sized company, Pomanda has estimated its turnover at £629.3k with unknown growth in recent years.
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Be First Developments (muller) Limited Health Check
Pomanda's financial health check has awarded Be First Developments (Muller) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
3 Weak
Size
annual sales of £629.3k, make it smaller than the average company (£930.6k)
£629.3k - Be First Developments (muller) Limited
£930.6k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Be First Developments (muller) Limited
- - Industry AVG
Production
with a gross margin of 59.4%, this company has a comparable cost of product (52.6%)
59.4% - Be First Developments (muller) Limited
52.6% - Industry AVG
Profitability
an operating margin of 31.1% make it as profitable than the average company (31.6%)
31.1% - Be First Developments (muller) Limited
31.6% - Industry AVG
Employees
with 5 employees, this is above the industry average (4)
- Be First Developments (muller) Limited
4 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Be First Developments (muller) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £125.9k, this is less efficient (£176.8k)
- Be First Developments (muller) Limited
£176.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Be First Developments (muller) Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Be First Developments (muller) Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 71027 days, this is more than average (225 days)
71027 days - Be First Developments (muller) Limited
225 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 139 weeks, this is more cash available to meet short term requirements (23 weeks)
139 weeks - Be First Developments (muller) Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.3%, this is a lower level of debt than the average (61.8%)
53.3% - Be First Developments (muller) Limited
61.8% - Industry AVG
be first developments (muller) limited Credit Report and Business Information
Be First Developments (muller) Limited Competitor Analysis
Perform a competitor analysis for be first developments (muller) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
be first developments (muller) limited Ownership
BE FIRST DEVELOPMENTS (MULLER) LIMITED group structure
Be First Developments (Muller) Limited has no subsidiary companies.
Ultimate parent company
MAYOR AND BURGESSES OF THE LONDON BOROUG
#0117535
1 parent
BE FIRST DEVELOPMENTS (MULLER) LIMITED
12432222
be first developments (muller) limited directors
Be First Developments (Muller) Limited currently has 3 directors. The longest serving directors include Ms Ceri Richards (Jul 2020) and Mr Geoffrey Raw (Jul 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Ceri Richards | England | 65 years | Jul 2020 | - | Director |
| Mr Geoffrey Raw | England | 61 years | Jul 2023 | - | Director |
| Ms Sarah May-Hill | Wales | 46 years | Jul 2023 | - | Director |
BE FIRST DEVELOPMENTS (MULLER) LIMITED financials
Be First Developments (Muller) Limited's latest turnover from March 2022 is £629.3 thousand and the company has net assets of £23.6 million. According to their latest financial statements, we estimate that Be First Developments (Muller) Limited has 5 employees and maintains cash reserves of £491.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2022 | Mar 2021 | |
|---|---|---|
| Turnover | 629,320 | 142,579 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 255,666 | 45,835 |
| Gross Profit | 373,654 | 96,744 |
| Admin Expenses | 177,894 | 27,503 |
| Operating Profit | 195,760 | 69,241 |
| Interest Payable | 3,382,788 | 1,149,790 |
| Interest Receivable | 39 | 16 |
| Pre-Tax Profit | -3,186,989 | -1,080,533 |
| Tax | -37,194 | -13,159 |
| Profit After Tax | -3,224,183 | -1,093,692 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -3,224,183 | -1,093,692 |
| Employee Costs | 0 | 0 |
| Number Of Employees | ||
| EBITDA* | 195,760 | 69,241 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2022 | Mar 2021 | |
|---|---|---|
| Tangible Assets | 0 | 0 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 0 | 0 |
| Stock & work in progress | 49,751,889 | 47,704,467 |
| Trade Debtors | 0 | 0 |
| Group Debtors | 165,003 | 201,733 |
| Misc Debtors | 0 | 0 |
| Cash | 491,743 | 603,614 |
| misc current assets | 0 | 0 |
| total current assets | 50,408,635 | 48,509,814 |
| total assets | 50,408,635 | 48,509,814 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 183,283 | 507,254 |
| total current liabilities | 183,283 | 507,254 |
| loans | 26,661,676 | 44,563,671 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 26,661,676 | 44,563,671 |
| total liabilities | 26,844,959 | 45,070,925 |
| net assets | 23,563,676 | 3,438,889 |
| total shareholders funds | 23,563,676 | 3,438,889 |
| Mar 2022 | Mar 2021 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | 195,760 | 69,241 |
| Depreciation | 0 | 0 |
| Amortisation | 0 | 0 |
| Tax | -37,194 | -13,159 |
| Stock | 2,047,422 | 47,704,467 |
| Debtors | -36,730 | 201,733 |
| Creditors | 0 | 0 |
| Accruals and Deferred Income | -323,971 | 507,254 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | -2,176,097 | -47,342,864 |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | -17,901,995 | 44,563,671 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -3,382,749 | -1,149,774 |
| cash flow from financing | 2,064,226 | 47,946,478 |
| cash and cash equivalents | ||
| cash | -111,871 | 603,614 |
| overdraft | 0 | 0 |
| change in cash | -111,871 | 603,614 |
P&L
March 2022turnover
629.3k
+341%
operating profit
195.8k
+183%
gross margin
59.4%
-12.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2022net assets
23.6m
+5.85%
total assets
50.4m
+0.04%
cash
491.7k
-0.19%
net assets
Total assets minus all liabilities
Similar Companies
be first developments (muller) limited company details
company number
12432222
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
71112 - Urban planning and landscape architectural activities
41100 - Development of building projects
incorporation date
January 2020
age
4
accounts
Full Accounts
ultimate parent company
previous names
be first developments ltd (March 2020)
incorporated
UK
address
one express 1, george leigh street, manchester, M4 5DL
last accounts submitted
March 2022
be first developments (muller) 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 1 charges/mortgages relating to be first developments (muller) limited. Currently there are 0 open charges and 1 have been satisfied in the past.
be first developments (muller) limited Companies House Filings - See Documents
| date | description | view/download |
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