Retail sale of computers, peripheral units and software in specialised stores
+1
Registered Address
unit 5 lava house, 57-63 cheetham hill road, manchester, M4 4FS
Website
-
first friendly finance ltdEstimated Valuation
£182.8k
Pomanda estimates the enterprise value of FIRST FRIENDLY FINANCE LTD at £182.8k based on a Turnover of £333.1k and 0.55x industry multiple (adjusted for size and gross margin).
first friendly finance ltdEstimated Valuation
£886k
Pomanda estimates the enterprise value of FIRST FRIENDLY FINANCE LTD at £886k based on an EBITDA of £214.6k and a 4.13x industry multiple (adjusted for size and gross margin).
first friendly finance ltdEstimated Valuation
£1.4m
Pomanda estimates the enterprise value of FIRST FRIENDLY FINANCE LTD at £1.4m based on Net Assets of £597.2k and 2.28x industry multiple (adjusted for liquidity).
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First Friendly Finance LtdOverview
First Friendly Finance Ltd is a live company located in manchester, M4 4FS with a Companies House number of 13437971. It operates in the retail sale of computers, peripheral units and software in specialised stores sector, SIC Code 47410. Founded in June 2021, it's largest shareholder is
sunnia ashraf
with a 100% stake. First Friendly Finance Ltd is a startup,
micro sized company, Pomanda has estimated its turnover at
£333.1k with
unknown
growth in recent years.
Pomanda's financial health check has awarded First Friendly Finance Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
4 Strong
3 Regular
3 Weak
Size
annual sales of £333.1k, make it smaller than the average company (£2.5m)
£333.1k - First Friendly Finance Ltd
£2.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - First Friendly Finance Ltd
- - Industry AVG
Production
with a gross margin of 47.1%, this company has a comparable cost of product (47.1%)
47.1% - First Friendly Finance Ltd
47.1% - Industry AVG
Profitability
an operating margin of 53.9% make it more profitable than the average company (3.9%)
53.9% - First Friendly Finance Ltd
3.9% - Industry AVG
Employees
with 5 employees, this is below the industry average (23)
5 - First Friendly Finance Ltd
23 - Industry AVG
Pay Structure
on an average salary of £46.1k, the company has an equivalent pay structure (£46.1k)
£46.1k - First Friendly Finance Ltd
£46.1k - Industry AVG
Efficiency
resulting in sales per employee of £66.6k, this is less efficient (£114.6k)
£66.6k - First Friendly Finance Ltd
£114.6k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is near the average (47 days)
56 days - First Friendly Finance Ltd
47 days - Industry AVG
Creditor Days
its suppliers are paid after 56 days, this is slower than average (37 days)
56 days - First Friendly Finance Ltd
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - First Friendly Finance Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 98 weeks, this is more cash available to meet short term requirements (15 weeks)
98 weeks - First Friendly Finance Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 4.4%, this is a lower level of debt than the average (62.5%)
4.4% - First Friendly Finance Ltd
62.5% - Industry AVG
FIRST FRIENDLY FINANCE LTD financials
EXPORT
First Friendly Finance Ltd's latest turnover from June 2024 is estimated at £333.1 thousand and the company has net assets of £597.2 thousand. According to their latest financial statements, First Friendly Finance Ltd has 5 employees and maintains cash reserves of £51.6 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2024
Jun 2023
Jun 2022
Turnover
333,098
156,822
111,889
Other Income Or Grants
Cost Of Sales
176,070
85,314
58,470
Gross Profit
157,028
71,507
53,420
Admin Expenses
-22,334
-238,594
51,279
Operating Profit
179,362
310,101
2,141
Interest Payable
Interest Receivable
1,871
525
8
Pre-Tax Profit
181,233
310,627
2,149
Tax
-45,308
-77,657
-408
Profit After Tax
135,925
232,970
1,741
Dividends Paid
Retained Profit
135,925
232,970
1,741
Employee Costs
230,277
221,598
81,991
Number Of Employees
5
5
2
EBITDA*
214,637
358,853
2,141
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2024
Jun 2023
Jun 2022
Tangible Assets
520,983
276,266
14,528
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
520,983
276,266
14,528
Stock & work in progress
Trade Debtors
51,800
3,447
Group Debtors
Misc Debtors
Cash
51,590
19,699
1,317
misc current assets
total current assets
103,390
23,146
1,317
total assets
624,373
299,412
15,845
Bank overdraft
Bank loan
Trade Creditors
27,212
26,557
14,103
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
27,212
26,557
14,103
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
27,212
26,557
14,103
net assets
597,161
272,855
1,742
total shareholders funds
597,161
272,855
1,742
Jun 2024
Jun 2023
Jun 2022
Operating Activities
Operating Profit
179,362
310,101
2,141
Depreciation
35,275
48,752
Amortisation
Tax
-45,308
-77,657
-408
Stock
Debtors
48,353
3,447
Creditors
655
12,454
14,103
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
121,631
290,203
15,836
Investing Activities
capital expenditure
-279,992
-310,490
-14,528
Change in Investments
cash flow from investments
-279,992
-310,490
-14,528
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
188,381
38,143
1
interest
1,871
525
8
cash flow from financing
190,252
38,668
9
cash and cash equivalents
cash
31,891
18,382
1,317
overdraft
change in cash
31,891
18,382
1,317
first friendly finance ltd 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 friendly finance ltd. Get real-time insights into first friendly finance ltd's credit score, group structure and payment trends.
Perform a competitor analysis for first friendly finance ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in M 4 area or any other competitors across 12 key performance metrics.
first friendly finance ltd Ownership
FIRST FRIENDLY FINANCE LTD group structure
First Friendly Finance Ltd has no subsidiary companies.
Ultimate parent company
FIRST FRIENDLY FINANCE LTD
13437971
FIRST FRIENDLY FINANCE LTD Shareholders
The sole shareholder of First Friendly Finance Ltd is Sunnia Ashraf.
sunnia ashraf
100%
first friendly finance ltd directors
First Friendly Finance Ltd currently has 1 director, Miss Sunnia Ashraf serving since Jun 2021.
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024
net assets
597.2k
+1.19%
total assets
624.4k
+1.09%
cash
51.6k
+1.62%
net assets
Total assets minus all liabilities
Similar Companies
Similar companies unavailable for this selection
first friendly finance ltd company details
company number
13437971
Type
Private limited with Share Capital
industry
47410 - Retail sale of computers, peripheral units and software in specialised stores
62012 - Business and domestic software development
incorporation date
June 2021
age
4
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
June 2024
previous names
first friendly group ltd (October 2022)
accountant
-
auditor
-
address
unit 5 lava house, 57-63 cheetham hill road, manchester, M4 4FS
Bank
-
Legal Advisor
-
first friendly finance ltd 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 friendly finance ltd.
first friendly finance ltd 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 friendly finance ltdCompanies House Filings - See Documents
