First Mile

Other recycling sustainability waste management

First Mile provides low cost recycling and waste collection services for city centre businesses. Since April 2011, we have sent no waste to landfill. 75% of material from all customers is recycled, and the remained is incinerated with complete energy recovery.

Revenue(FY, 2016)

£14.3 M

Type

Private

London, GB

Founded

2003

Size (employees)

92 (est)+3%

Website

thefirstmile.co.uk

First Mile was founded in 2003 and is headquartered in London, GB

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Key People/Management at First Mile

Bruce Bratley

CEO and Co-Founder

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First Mile Office Locations

First Mile has offices in Greater London and London

London, GB (HQ)

22 Highbury Grove

Greater London, GB

22 Highbury Grove

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First Mile Financials and Metrics

Summary Metrics

Founding Date	2003

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First Mile Financials

First Mile's revenue was reported to be £14.26 m in FY, 2016

Summary

GBP
Revenue (FY, 2016)	14.3 m
Gross profit (FY, 2016)	5.2 m
Gross profit margin (FY, 2016), %	36.5%
Net income (FY, 2016)	1.6 m
EBITDA (FY, 2016)	2.8 m
EBIT (FY, 2016)	2.1 m
Cash (31-Dec-2016)	3 m

Income Statement

GBP	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	5 m	7.3 m	9.1 m	11.5 m	14.3 m
Revenue growth, %			26%	24%
Cost of goods sold			5.6 m	7.3 m	9.1 m
Gross profit			3.5 m	4.2 m	5.2 m

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Balance Sheet

GBP	FY, 2007	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	295.5 k	363.1 k	280.2 k	549.2 k	1.1 m	1.7 m	2.5 m	2.3 m	3.4 m	3 m
Accounts Receivable	303.1 k	257.2 k	325.1 k	365.6 k	443.1 k	657.9 k	720.1 k	911.8 k	1.3 m	1.8 m
Inventories				30 k	44 k	79.3 k	153.9 k	136 k	146.6 k	196.4 k
Current Assets	598.6 k	620.4 k	605.3 k	963.7 k	1.7 m	2.8 m	3.8 m	3.9 m	5.6 m	6 m

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Cash Flow

GBP	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	445.4 k	1.3 m	935.8 k	1.1 m	1.6 m
Cash From Operating Activities	1.7 m	2 m	1.9 m	2.1 m	2.1 m
Dividends Paid	157 k	336 k	344.8 k	502.3 k	747.2 k
Cash From Financing Activities	106.5 k	195.2 k	(405.9 k)	84.6 k	(661.9 k)