Other activities auxiliary to financial services, except insurance and pension funding
Registered Address
44 alfred street, neath, SA11 1EH
Website
-
first mortgage solutions limitedEstimated Valuation
£251.3k
Pomanda estimates the enterprise value of FIRST MORTGAGE SOLUTIONS LIMITED at £251.3k based on a Turnover of £500.8k and 0.5x industry multiple (adjusted for size and gross margin).
first mortgage solutions limitedEstimated Valuation
£137.3k
Pomanda estimates the enterprise value of FIRST MORTGAGE SOLUTIONS LIMITED at £137.3k based on an EBITDA of £60k and a 2.29x industry multiple (adjusted for size and gross margin).
first mortgage solutions limitedEstimated Valuation
£156.8k
Pomanda estimates the enterprise value of FIRST MORTGAGE SOLUTIONS LIMITED at £156.8k based on Net Assets of £69.4k and 2.26x industry multiple (adjusted for liquidity).
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First Mortgage Solutions LimitedOverview
First Mortgage Solutions Limited is a live company located in neath, SA11 1EH with a Companies House number of 13055116. It operates in the activities auxiliary to financial intermediation n.e.c. sector, SIC Code 66190. Founded in December 2020, it's largest shareholder is
mr christopher davies
with a 100% stake. First Mortgage Solutions Limited is a young,
small sized company, Pomanda has estimated its turnover at
£500.8k with
unknown
growth in recent years.
Pomanda's financial health check has awarded First Mortgage Solutions Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
2 Strong
2 Regular
5 Weak
Size
annual sales of £500.8k, make it smaller than the average company (£3.8m)
£500.8k - First Mortgage Solutions Limited
£3.8m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - First Mortgage Solutions Limited
- - Industry AVG
Production
with a gross margin of 17.7%, this company has a higher cost of product (80.5%)
17.7% - First Mortgage Solutions Limited
80.5% - Industry AVG
Profitability
an operating margin of 12% make it more profitable than the average company (9.4%)
12% - First Mortgage Solutions Limited
9.4% - Industry AVG
Employees
with 5 employees, this is below the industry average (8)
5 - First Mortgage Solutions Limited
8 - Industry AVG
Pay Structure
on an average salary of £72.4k, the company has an equivalent pay structure (£72.4k)
£72.4k - First Mortgage Solutions Limited
£72.4k - Industry AVG
Efficiency
resulting in sales per employee of £100.2k, this is less efficient (£177.6k)
£100.2k - First Mortgage Solutions Limited
£177.6k - Industry AVG
Debtor Days
it gets paid by customers after 105 days, this is later than average (32 days)
105 days - First Mortgage Solutions Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 111 days, this is slower than average (37 days)
111 days - First Mortgage Solutions Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - First Mortgage Solutions Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - First Mortgage Solutions Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 67.9%, this is a similar level of debt than the average (68.7%)
67.9% - First Mortgage Solutions Limited
68.7% - Industry AVG
FIRST MORTGAGE SOLUTIONS LIMITED financials
EXPORT
First Mortgage Solutions Limited's latest turnover from March 2024 is estimated at £500.8 thousand and the company has net assets of £69.4 thousand. According to their latest financial statements, First Mortgage Solutions Limited has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Dec 2021
Turnover
500,822
350,876
Other Income Or Grants
Cost Of Sales
412,279
278,971
Gross Profit
88,543
71,904
Admin Expenses
28,548
41,752
Operating Profit
59,995
30,152
Interest Payable
Interest Receivable
Pre-Tax Profit
59,995
30,152
Tax
-14,999
-5,729
Profit After Tax
44,996
24,423
Dividends Paid
Retained Profit
44,996
24,423
Employee Costs
362,231
275,193
Number Of Employees
5
4
EBITDA*
59,995
30,152
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Dec 2021
Tangible Assets
70,805
16,460
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
70,805
16,460
Stock & work in progress
Trade Debtors
145,375
92,668
Group Debtors
Misc Debtors
Cash
100
misc current assets
total current assets
145,375
92,668
100
total assets
216,180
109,128
100
Bank overdraft
Bank loan
Trade Creditors
126,061
84,005
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
126,061
84,005
loans
hp & lease commitments
Accruals and Deferred Income
20,700
700
other liabilities
provisions
total long term liabilities
20,700
700
total liabilities
146,761
84,705
net assets
69,419
24,423
100
total shareholders funds
69,419
24,423
100
Mar 2024
Mar 2023
Dec 2021
Operating Activities
Operating Profit
59,995
30,152
Depreciation
Amortisation
Tax
-14,999
-5,729
Stock
Debtors
52,707
92,668
Creditors
42,056
84,005
Accruals and Deferred Income
20,000
700
Deferred Taxes & Provisions
Cash flow from operations
54,345
16,460
Investing Activities
capital expenditure
-54,345
-16,460
Change in Investments
cash flow from investments
-54,345
-16,460
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
100
interest
cash flow from financing
100
cash and cash equivalents
cash
100
overdraft
change in cash
100
first mortgage solutions limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for first mortgage solutions limited. Get real-time insights into first mortgage solutions limited's credit score, group structure and payment trends.
First Mortgage Solutions Limited Competitor Analysis
Perform a competitor analysis for first mortgage solutions limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in SA11 area or any other competitors across 12 key performance metrics.
first mortgage solutions limited Ownership
FIRST MORTGAGE SOLUTIONS LIMITED group structure
First Mortgage Solutions Limited has no subsidiary companies.
Ultimate parent company
FIRST MORTGAGE SOLUTIONS LIMITED
13055116
FIRST MORTGAGE SOLUTIONS LIMITED Shareholders
The sole shareholder of First Mortgage Solutions Limited is Mr Christopher Davies.
mr christopher davies
100%
first mortgage solutions limited directors
First Mortgage Solutions Limited currently has 1 director, Mr Christopher Davies serving since Dec 2020.
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024
net assets
69.4k
+1.84%
total assets
216.2k
+0.98%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
Similar companies unavailable for this selection
first mortgage solutions limited company details
company number
13055116
Type
Private limited with Share Capital
industry
66190 - Other activities auxiliary to financial services, except insurance and pension funding
incorporation date
December 2020
age
5
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
44 alfred street, neath, SA11 1EH
Bank
-
Legal Advisor
-
first mortgage 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 did not find charges/mortgages relating to first mortgage solutions limited.
first mortgage 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 mortgage solutions limitedCompanies House Filings - See Documents
