Horse First Limited

POWER SEARCH PRICING

SOLUTIONS

horse first limited Company Information

Company Number

NI069230

Next Accounts

Oct 2025

Directors

Patrick Hughes

Tanya Hughes

Shareholders

patrick hughes

Group Structure

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Industry

Manufacture of prepared pet foods

Registered Address

11/14, flurrybridge enterprise centre, newry, county down, BT35 8SQ

Website

www.horsefirst.net

horse first limited Estimated Valuation

£520.8k

Pomanda estimates the enterprise value of HORSE FIRST LIMITED at £520.8k based on a Turnover of £1m and 0.51x industry multiple (adjusted for size and gross margin).

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Horse First Limited is a live company located in newry, BT35 8SQ with a Companies House number of NI069230. It operates in the manufacture of prepared pet foods sector, SIC Code 10920. Founded in May 2008, it's largest shareholder is patrick hughes with a 100% stake. Horse First Limited is a established, small sized company, Pomanda has estimated its turnover at £1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Horse First Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £1m, make it smaller than the average company (£36.2m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (11.1%)

EXPORT

Horse First Limited's latest turnover from January 2024 is estimated at £1 million and the company has net assets of £231.6 thousand. According to their latest financial statements, Horse First Limited has 8 employees and maintains cash reserves of £67.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	1,011,577	1,006,648	1,056,380	883,241	1,041,180	1,957,717	1,840,370	1,206,321	1,091,042	867,727	823,172	814,495	697,865	594,770	672,256
Other Income Or Grants
Cost Of Sales	779,898	774,639	797,842	624,081	783,156	1,426,964	1,348,355	856,310	797,974	662,094	619,451	631,937	544,209	459,303	532,745
Gross Profit	231,678	232,009	258,538	259,160	258,023	530,753	492,015	350,011	293,068	205,633	203,721	182,559	153,656	135,467	139,511
Admin Expenses	199,630	204,269	210,565	157,958	269,193	534,515	476,945	326,044	241,774	195,636	191,605	181,407	130,323	111,050	149,394
Operating Profit	32,048	27,740	47,973	101,202	-11,170	-3,762	15,070	23,967	51,294	9,997	12,116	1,152	23,333	24,417	-9,883
Interest Payable	3,481	5,480	4,021	3,620	2,313		3,593	7,395	4,098				5,349	10,814	5,465
Interest Receivable	5,502	4,904	296	51	9		6	14	59	92	60	7	35	32
Pre-Tax Profit	34,069	27,164	44,248	97,632	-13,474	-3,762	11,483	16,586	47,255	10,089	12,177	1,159	18,019	13,636	-15,348
Tax	-8,517	-5,161	-8,407	-18,550			-2,182	-3,317	-9,451	-2,119	-2,801	-278	-4,685	-3,818
Profit After Tax	25,552	22,003	35,841	79,082	-13,474	-3,762	9,301	13,269	37,804	7,970	9,376	881	13,334	9,818	-15,348
Dividends Paid
Retained Profit	25,552	22,003	35,841	79,082	-13,474	-3,762	9,301	13,269	37,804	7,970	9,376	881	13,334	9,818	-15,348
Employee Costs	313,086	290,804	275,546	244,929	261,185	315,040	313,056	227,934	228,748	119,390	84,257	106,859	82,623	79,797	91,541
Number Of Employees	8	8	8	7	8	9	10	8	8	4	3	4	3	3	3
EBITDA*	43,599	34,964	64,910	138,011	-11,170	-3,762	15,070	36,540	66,208	83,088	63,453	50,720	65,836	61,871	26,945

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	39,651	50,202	57,426	74,363	64,040	50,729	57,212	67,874	55,954	65,420	36,134	61,618	86,702	85,518	94,638
Intangible Assets											55,000	66,000	77,000	88,000	99,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	39,651	50,202	57,426	74,363	64,040	50,729	57,212	67,874	55,954	65,420	91,134	127,618	163,702	173,518	193,638
Stock & work in progress	94,844	84,358	70,592	76,426	78,718			80,110	71,284	54,633	39,700	35,300	32,528	21,588	11,244
Trade Debtors	83,621	77,105	105,976	80,326	110,636	256,588	233,290	143,063	133,637	128,742	120,525	109,331	95,998	88,044	79,735
Group Debtors
Misc Debtors	35,512	15,257	14,603	16,666	16,278	4,183		36,016	30,839
Cash	67,362	142,256	137,966	98,624	2,376			2,227	9,220	14,465	22,377	1,764	974	12,915
misc current assets
total current assets	281,339	318,976	329,137	272,042	208,008	260,771	233,290	261,416	244,980	197,840	182,602	146,395	129,500	122,547	90,979
total assets	320,990	369,178	386,563	346,405	272,048	311,500	290,502	329,290	300,934	263,260	273,736	274,013	293,202	296,065	284,617
Bank overdraft	10,997	13,013	44,976	7,274	68,520			85,454	87,499					52,592	77,987
Bank loan
Trade Creditors	43,429	67,296	68,083	80,196	78,518	222,746	185,378	124,071	85,691	162,835	163,945	163,298	166,579	126,522	131,400
Group/Directors Accounts
other short term finances
hp & lease commitments														6,980	406
other current liabilities	18,740	35,242	41,248	44,629	42,172			14,697	19,290
total current liabilities	73,166	115,551	154,307	132,099	189,210	222,746	185,378	224,222	192,480	162,835	163,945	163,298	166,579	186,094	209,793
loans	14,002	23,876	33,505	42,901				25,093	38,590					111,979	90,170
hp & lease commitments
Accruals and Deferred Income
other liabilities		5,464	14,657	23,152	13,667	6,111	18,719	2,869	6,027	74,392	91,728	102,028	118,817	3,520
provisions	2,173	18,190
total long term liabilities	16,175	47,530	48,162	66,053	13,667	6,111	18,719	27,962	44,617	74,392	91,728	102,028	118,817	115,499	90,170
total liabilities	89,341	163,081	202,469	198,152	202,877	228,857	204,097	252,184	237,097	237,227	255,673	265,326	285,396	301,593	299,963
net assets	231,649	206,097	184,094	148,253	69,171	82,643	86,405	77,106	63,837	26,033	18,063	8,687	7,806	-5,528	-15,346
total shareholders funds	231,649	206,097	184,094	148,253	69,171	82,643	86,405	77,106	63,837	26,033	18,063	8,687	7,806	-5,528	-15,346

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	32,048	27,740	47,973	101,202	-11,170	-3,762	15,070	23,967	51,294	9,997	12,116	1,152	23,333	24,417	-9,883
Depreciation	11,551	7,224	16,937	36,809				12,573	14,914	18,091	40,337	38,568	31,503	26,454	25,828
Amortisation										55,000	11,000	11,000	11,000	11,000	11,000
Tax	-8,517	-5,161	-8,407	-18,550			-2,182	-3,317	-9,451	-2,119	-2,801	-278	-4,685	-3,818
Stock	10,486	13,766	-5,834	-2,292	78,718		-80,110	8,826	16,651	14,933	4,400	2,772	10,940	10,344	11,244
Debtors	26,771	-28,217	23,587	-29,922	-133,857	27,481	54,211	14,603	35,734	8,217	11,194	13,333	7,954	8,309	79,735
Creditors	-23,867	-787	-12,113	1,678	-144,228	37,368	61,307	38,380	-77,144	-1,110	647	-3,281	40,057	-4,878	131,400
Accruals and Deferred Income	-16,502	-6,006	-3,381	2,457	42,172		-14,697	-4,593	19,290
Deferred Taxes & Provisions	-16,017	18,190
Cash flow from operations	-58,561	55,651	23,256	155,810	-58,087	6,125	85,397	43,581	-53,482	56,709	45,705	31,056	82,314	34,522	67,366
Investing Activities
capital expenditure	-1,000			-47,132	-13,311	6,483	10,662	-24,493	-5,448	-47,377	-14,853	-13,484	-32,687	-17,334	-230,466
Change in Investments
cash flow from investments	-1,000			-47,132	-13,311	6,483	10,662	-24,493	-5,448	-47,377	-14,853	-13,484	-32,687	-17,334	-230,466
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans	-9,874	-9,629	-9,396	42,901			-25,093	-13,497	38,590				-111,979	21,809	90,170
Hire Purchase and Lease Commitments													-6,980	6,574	406
other long term liabilities	-5,464	-9,193	-8,495	9,485	7,556	-12,608	15,850	-3,158	-68,365	-17,336	-10,300	-16,789	115,297	3,520
share issue					2		-2								2
interest	2,021	-576	-3,725	-3,569	-2,304		-3,587	-7,381	-4,039	92	60	7	-5,314	-10,782	-5,465
cash flow from financing	-13,317	-19,398	-21,616	48,817	5,254	-12,608	-12,832	-24,036	-33,814	-17,244	-10,240	-16,782	-8,976	21,121	85,113
cash and cash equivalents
cash	-74,894	4,290	39,342	96,248	2,376		-2,227	-6,993	-5,245	-7,912	20,613	790	-11,941	12,915
overdraft	-2,016	-31,963	37,702	-61,246	68,520		-85,454	-2,045	87,499				-52,592	-25,395	77,987
change in cash	-72,878	36,253	1,640	157,494	-66,144		83,227	-4,948	-92,744	-7,912	20,613	790	40,651	38,310	-77,987

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HORSE FIRST LIMITED group structure

Horse First Limited has no subsidiary companies.

Ultimate parent company

HORSE FIRST LIMITED

NI069230

HORSE FIRST LIMITED Shareholders

patrick hughes

100%

Horse First Limited currently has 2 directors. The longest serving directors include Mr Patrick Hughes (Sep 2008) and Mrs Tanya Hughes (Jun 2016).

officer	country	age	start	end	role
Mr Patrick Hughes	Northern Ireland	62 years	Sep 2008	-	Director
Mrs Tanya Hughes		52 years	Jun 2016	-	Director

P&L

January 2024

turnover

operating profit

32k

gross margin

23%

-0.63%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

January 2024

net assets

231.6k

+0.12%

total assets

321k

-0.13%

cash

67.4k

-0.53%

net assets

Total assets minus all liabilities

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company number

NI069230

Type

Private limited with Share Capital

industry

10920 - Manufacture of prepared pet foods

incorporation date

May 2008

ultimate parent company

None

previous names

sarcon (no. 295) limited (May 2008)

address

11/14, flurrybridge enterprise centre, newry, county down, BT35 8SQ

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