Gray Plant Hire Limited

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gray plant hire limited Company Information

Live

MatureSmallLow

Company Number

04753588

Website

www.grayplanthire.co.uk

Registered Address

4 bloors lane, rainham, gillingham, kent, ME8 7EG

Industry

Renting and leasing of construction and civil engineering machinery and equipment

Telephone

01330833375

Next Accounts Due

November 2024

Group Structure

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Directors

Simon Haynes21 Years

Simon Ovenden5 Years

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Shareholders

ovenden plant hire limited 76%

simon raymond haynes 12%

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gray plant hire limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of GRAY PLANT HIRE LIMITED at £2m based on a Turnover of £2.6m and 0.79x industry multiple (adjusted for size and gross margin).

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Gray Plant Hire Limited AI Business Plan

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Gray Plant Hire Limited is a live company located in gillingham, ME8 7EG with a Companies House number of 04753588. It operates in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in May 2003, it's largest shareholder is ovenden plant hire limited with a 76% stake. Gray Plant Hire Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.6m with low growth in recent years.

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

Health Rating5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £2.6m, make it smaller than the average company (£13.1m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (5.5%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GRAY PLANT HIRE LIMITED group structure

Gray Plant Hire Limited has no subsidiary companies.

Ultimate parent company

GRAY PLANT HIRE LIMITED

04753588

GRAY PLANT HIRE LIMITED Shareholders

ovenden plant hire limited	76%
simon raymond haynes	12%
yvonne ann austin	12%

Gray Plant Hire Limited currently has 3 directors. The longest serving directors include Mr Simon Haynes (May 2003) and Mr Simon Ovenden (Mar 2019).

officer	country	age	start	end	role
Mr Simon Haynes	United Kingdom	54 years	May 2003	-	Director
Mr Simon Ovenden		49 years	Mar 2019	-	Director
Mr Christopher Ovenden	England	38 years	Mar 2024	-	Director

EXPORT

Gray Plant Hire Limited's latest turnover from February 2023 is estimated at £2.6 million and the company has net assets of £712.7 thousand. According to their latest financial statements, Gray Plant Hire Limited has 5 employees and maintains cash reserves of £165 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	2,589,869	1,699,995	1,925,452	2,350,461	2,337,321	1,743,226	834,894	811,896	1,026,246	969,396	1,055,104	1,226,977	1,234,780	1,001,580
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,698,852	1,103,299	1,313,085	1,593,693	1,573,155	1,144,845	601,611	712,961	773,288	746,999	895,767	1,022,364	887,187	783,481
Gross Profit	891,017	596,696	612,367	756,768	764,166	598,381	233,283	98,935	252,958	222,397	159,337	204,613	347,593	218,099
Admin Expenses	609,882	318,681	404,354	585,294	721,293	668,868	176,725	216,150	242,332	170,531	177,600	162,318	178,498	197,634
Operating Profit	281,135	278,015	208,013	171,474	42,873	-70,487	56,558	-117,215	10,626	51,866	-18,263	42,295	169,095	20,465
Interest Payable	0	0	1,743	6,654	15,452	10,330	28,441	20,059	10,719	18,104	20,317	19,119	7,456	20,640
Interest Receivable	17,784	2,732	184	0	0	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	298,919	280,747	206,454	164,820	27,421	-80,817	28,117	-137,274	-93	33,762	-38,580	23,176	161,639	-175
Tax	-56,795	-53,342	-39,226	-31,316	-5,210	0	-5,023	26,855	-309	-6,752	7,716	-7,502	-30,863	0
Profit After Tax	242,124	227,405	167,228	133,504	22,211	-80,817	23,094	-110,419	-402	27,010	-30,864	15,674	130,776	-175
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	242,124	227,405	167,228	133,504	22,211	-80,817	23,094	-110,419	-402	27,010	-30,864	15,674	130,776	-175
Employee Costs	212,218	163,330	157,967	193,243	228,562	218,099	211,487	209,676	269,718	255,231	292,799	346,531	352,951	0
Number Of Employees	5	4	4	5	6	6	6	6	8	8	9	11	12	0
EBITDA*	339,283	322,499	253,463	221,813	83,149	26,770	95,311	38,468	139,024	175,814	131,193	206,631	277,569	155,298

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	403,586	327,289	259,930	282,612	300,758	327,534	690,905	720,582	739,349	500,470	630,328	748,160	452,897	556,271
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	403,586	327,289	259,930	282,612	300,758	327,534	690,905	720,582	739,349	500,470	630,328	748,160	452,897	556,271
Stock & work in progress	38,550	41,845	44,320	47,200	58,550	55,626	59,721	55,626	65,872	38,925	43,250	39,850	37,602	40,137
Trade Debtors	703,005	290,116	375,049	641,489	569,754	504,299	242,138	255,098	331,143	213,785	128,381	224,775	175,240	187,085
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	210,792	110,076	197,274	18,495	18,330	0	0	0	0	0	53,164	4,000	5,790	0
Cash	165,039	724,162	368,616	0	0	0	0	0	0	0	928	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,117,386	1,166,199	985,259	707,184	646,634	559,925	301,859	310,724	397,015	252,710	225,723	268,625	218,632	227,222
total assets	1,520,972	1,493,488	1,245,189	989,796	947,392	887,459	992,764	1,031,306	1,136,364	753,180	856,051	1,016,785	671,529	783,493
Bank overdraft	0	0	0	57,149	140,001	317,831	263,300	217,243	193,712	264,083	251,649	221,516	153,910	280,388
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	20,000
Trade Creditors	543,877	737,741	622,379	485,979	533,263	158,758	88,151	4,091	105,549	137,654	125,540	79,070	121,503	71,404
Group/Directors Accounts	0	0	0	5,000	51,389	89,469	0	61,473	77,073	124,217	138,194	201,817	212,217	296,776
other short term finances	0	0	0	0	0	0	0	0	12,000	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	107,367	28,724	169,216	155,921	24,123	96,235
other current liabilities	165,040	233,840	296,600	287,060	246,600	311,773	278,762	302,912	73,248	45,140	19,237	30,070	24,772	14,787
total current liabilities	708,917	971,581	918,979	835,188	971,253	877,831	630,213	585,719	568,949	599,818	703,836	688,394	536,525	779,590
loans	0	0	0	0	0	0	6,251	0	98,000	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	6,616	34,985	49,221	33,745	89,445	312,187	429,591	316,144	0	32,615	170,211	0	30,538
provisions	99,400	44,760	48,099	29,489	0	0	15,879	10,856	37,712	37,401	30,649	38,365	30,863	0
total long term liabilities	99,400	51,376	83,084	78,710	33,745	89,445	334,317	440,447	451,856	37,401	63,264	208,576	30,863	30,538
total liabilities	808,317	1,022,957	1,002,063	913,898	1,004,998	967,276	964,530	1,026,166	1,020,805	637,219	767,100	896,970	567,388	810,128
net assets	712,655	470,531	243,126	75,898	-57,606	-79,817	28,234	5,140	115,559	115,961	88,951	119,815	104,141	-26,635
total shareholders funds	712,655	470,531	243,126	75,898	-57,606	-79,817	28,234	5,140	115,559	115,961	88,951	119,815	104,141	-26,635

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	281,135	278,015	208,013	171,474	42,873	-70,487	56,558	-117,215	10,626	51,866	-18,263	42,295	169,095	20,465
Depreciation	58,148	44,484	45,450	50,339	40,276	97,257	38,753	155,683	128,398	123,948	149,456	164,336	108,474	134,833
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-56,795	-53,342	-39,226	-31,316	-5,210	0	-5,023	26,855	-309	-6,752	7,716	-7,502	-30,863	0
Stock	-3,295	-2,475	-2,880	-11,350	2,924	55,626	4,095	-10,246	26,947	-4,325	3,400	2,248	-2,535	40,137
Debtors	513,605	-172,131	-87,661	71,900	83,785	504,299	-12,960	-76,045	117,358	32,240	-47,230	47,745	-6,055	187,085
Creditors	-193,864	115,362	136,400	-47,284	374,505	158,758	84,060	-101,458	-32,105	12,114	46,470	-42,433	50,099	71,404
Accruals and Deferred Income	-68,800	-62,760	9,540	40,460	-65,173	311,773	-24,150	229,664	28,108	25,903	-10,833	5,298	9,985	14,787
Deferred Taxes & Provisions	54,640	-3,339	18,610	29,489	0	0	5,023	-26,856	311	6,752	-7,716	7,502	30,863	0
Cash flow from operations	-435,846	493,026	469,328	152,612	300,562	-62,624	164,086	252,964	-9,276	185,916	210,660	119,503	346,243	14,267
Investing Activities
capital expenditure	-134,445	-111,843	-22,768	-32,193	-13,500	-424,791	-9,076	-136,916	-367,277	5,910	-31,624	-459,599	-5,100	-691,104
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-134,445	-111,843	-22,768	-32,193	-13,500	-424,791	-9,076	-136,916	-367,277	5,910	-31,624	-459,599	-5,100	-691,104
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	-20,000	20,000
Group/Directors Accounts	0	0	-5,000	-46,389	-38,080	89,469	-61,473	-15,600	-47,144	-13,977	-63,623	-10,400	-84,559	296,776
Other Short Term Loans	0	0	0	0	0	0	0	-12,000	12,000	0	0	0	0	0
Long term loans	0	0	0	0	0	0	6,251	-98,000	98,000	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	-107,367	78,643	-140,492	13,295	131,798	-72,112	96,235
other long term liabilities	-6,616	-28,369	-14,236	15,476	-55,700	89,445	-117,404	113,447	316,144	-32,615	-137,596	170,211	-30,538	30,538
share issue	0	0	0	0	0	1,000	0	0	0	0	0	0	0	-26,460
interest	17,784	2,732	-1,559	-6,654	-15,452	-10,330	-28,441	-20,059	-10,719	-18,104	-20,317	-19,119	-7,456	-20,640
cash flow from financing	11,168	-25,637	-20,795	-37,567	-109,232	169,584	-201,067	-139,579	446,924	-205,188	-208,241	272,490	-214,665	396,449
cash and cash equivalents
cash	-559,123	355,546	368,616	0	0	0	0	0	0	-928	928	0	0	0
overdraft	0	0	-57,149	-82,852	-177,830	317,831	46,057	23,531	-70,371	12,434	30,133	67,606	-126,478	280,388
change in cash	-559,123	355,546	425,765	82,852	177,830	-317,831	-46,057	-23,531	70,371	-13,362	-29,205	-67,606	126,478	-280,388

P&L

February 2023

turnover

2.6m

+52%

operating profit

281.1k

gross margin

34.5%

-1.98%

turnover

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

Balance Sheet

February 2023

net assets

712.7k

+0.51%

total assets

1.5m

+0.02%

cash

165k

-0.77%

net assets

Total assets minus all liabilities

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company number

04753588

Type

Private limited with Share Capital

industry

77320 - Renting and leasing of construction and civil engineering machinery and equipment

incorporation date

May 2003

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

4 bloors lane, rainham, gillingham, kent, ME8 7EG

last accounts submitted

February 2023

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 gray plant hire limited. Currently there are 1 open charges and 0 have been satisfied in the past.

gray plant hire limited Company Information

gray plant hire limited Estimated Valuation

gray plant hire limited Estimated Valuation

gray plant hire limited Estimated Valuation

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