sunbelt rentals limited

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sunbelt rentals limited Company Information

Share SUNBELT RENTALS LIMITED

Company Number

00444569

Shareholders

ashtead holdings plc

Group Structure

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Industry

Renting and leasing of construction and civil engineering machinery and equipment

 

Registered Address

100 cheapside, london, EC2V 6DT

sunbelt rentals limited Estimated Valuation

£829.3m

Pomanda estimates the enterprise value of SUNBELT RENTALS LIMITED at £829.3m based on a Turnover of £691.8m and 1.2x industry multiple (adjusted for size and gross margin).

sunbelt rentals limited Estimated Valuation

£1.3b

Pomanda estimates the enterprise value of SUNBELT RENTALS LIMITED at £1.3b based on an EBITDA of £194m and a 6.53x industry multiple (adjusted for size and gross margin).

sunbelt rentals limited Estimated Valuation

£430.9m

Pomanda estimates the enterprise value of SUNBELT RENTALS LIMITED at £430.9m based on Net Assets of £200.3m and 2.15x industry multiple (adjusted for liquidity).

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Sunbelt Rentals Limited Overview

Sunbelt Rentals Limited is a live company located in london, EC2V 6DT with a Companies House number of 00444569. It operates in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in November 1947, it's largest shareholder is ashtead holdings plc with a 100% stake. Sunbelt Rentals Limited is a mature, mega sized company, Pomanda has estimated its turnover at £691.8m with low growth in recent years.

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Sunbelt Rentals Limited Health Check

Pomanda's financial health check has awarded Sunbelt Rentals Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

4 Regular

positive_score

6 Weak

size

Size

annual sales of £691.8m, make it larger than the average company (£13.4m)

£691.8m - Sunbelt Rentals Limited

£13.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (11.5%)

3% - Sunbelt Rentals Limited

11.5% - Industry AVG

production

Production

with a gross margin of 35.5%, this company has a comparable cost of product (35.5%)

35.5% - Sunbelt Rentals Limited

35.5% - Industry AVG

profitability

Profitability

an operating margin of 6.9% make it less profitable than the average company (11.4%)

6.9% - Sunbelt Rentals Limited

11.4% - Industry AVG

employees

Employees

with 4318 employees, this is above the industry average (61)

4318 - Sunbelt Rentals Limited

61 - Industry AVG

paystructure

Pay Structure

on an average salary of £44.9k, the company has an equivalent pay structure (£46.2k)

£44.9k - Sunbelt Rentals Limited

£46.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £160.2k, this is less efficient (£222.3k)

£160.2k - Sunbelt Rentals Limited

£222.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 72 days, this is later than average (59 days)

72 days - Sunbelt Rentals Limited

59 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 42 days, this is close to average (45 days)

42 days - Sunbelt Rentals Limited

45 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 12 days, this is in line with average (12 days)

12 days - Sunbelt Rentals Limited

12 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)

0 weeks - Sunbelt Rentals Limited

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 84.2%, this is a higher level of debt than the average (57.2%)

84.2% - Sunbelt Rentals Limited

57.2% - Industry AVG

SUNBELT RENTALS LIMITED financials

EXPORTms excel logo

Sunbelt Rentals Limited's latest turnover from April 2024 is £691.8 million and the company has net assets of £200.3 million. According to their latest financial statements, Sunbelt Rentals Limited has 4,318 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover691,845,000666,622,000712,210,000624,609,000458,647,000462,086,000459,610,000413,637,000364,225,000322,438,000243,296,000206,097,000188,858,000165,772,000163,016,000
Other Income Or Grants
Cost Of Sales446,471,799436,864,864466,971,674426,532,046315,264,267314,101,084304,499,289267,663,727240,808,529213,858,135161,992,888140,917,575129,134,719110,998,070112,160,683
Gross Profit245,373,201229,757,136245,238,326198,076,954143,382,733147,984,916155,110,711145,973,273123,416,471108,579,86581,303,11265,179,42559,723,28154,773,93050,855,317
Admin Expenses197,347,201173,521,136166,276,326142,476,954140,826,733105,155,916107,718,71190,726,27368,700,47172,232,86568,215,11261,092,42559,162,28160,377,93054,425,317
Operating Profit48,026,00056,236,00078,962,00055,600,0002,556,00042,829,00047,392,00055,247,00054,716,00036,347,00013,088,0004,087,000561,000-5,604,000-3,570,000
Interest Payable29,715,00013,797,0004,713,0006,851,00010,538,0009,697,0006,660,0009,565,0003,584,0005,747,0004,798,000365,0003,281,0003,687,0003,149,000
Interest Receivable721,000487,000107,0001,000129,0002,568,0002,991,0003,218,0003,609,0003,238,000223,0004,254,0003,870,0003,216,000
Pre-Tax Profit19,032,00042,926,00074,356,00048,749,000-7,981,00033,261,00040,732,00048,673,00051,249,00034,209,00011,538,0003,945,0001,534,000-5,421,000-3,503,000
Tax-5,522,000-9,134,000-23,274,000-7,507,000-1,602,000-6,669,000-9,160,000-7,887,000-11,070,000-8,344,000-3,236,000-1,230,000-2,967,000-4,130,000-6,720,000
Profit After Tax13,510,00033,792,00051,082,00041,242,000-9,583,00026,592,00031,572,00040,786,00040,179,00025,865,0008,302,0002,715,000-1,433,000-9,551,000-10,223,000
Dividends Paid50,000,00080,000,000
Retained Profit13,510,00033,792,00051,082,00041,242,000-9,583,00026,592,000-18,428,000-39,214,00040,179,00025,865,0008,302,0002,715,000-1,433,000-9,551,000-10,223,000
Employee Costs193,907,000177,739,000164,038,000143,614,000132,949,000125,634,000120,579,000106,764,00091,177,00084,314,00066,539,00057,899,00055,887,00052,203,00052,755,000
Number Of Employees4,3184,1813,8763,6543,7453,6873,5983,2692,9482,5882,1611,9491,9471,9101,964
EBITDA*194,025,000188,562,000210,599,000186,476,000124,058,000158,405,000155,501,000144,530,000129,543,000104,111,00066,306,00051,427,00044,509,00035,800,00037,354,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets784,364,000773,107,000730,376,000672,728,000667,499,000669,616,000666,592,000600,741,000458,956,000390,718,000322,641,000249,014,000244,077,000236,385,000251,298,000
Intangible Assets303,559,000276,824,00086,135,00090,697,00098,620,00094,287,00097,159,00096,326,00053,250,00047,942,00046,884,00020,208,00021,013,00020,670,00016,855,000
Investments & Other64,263,00092,167,00068,240,00055,598,00050,286,00050,280,00041,479,00031,410,00025,622,00029,138,00022,633,0004,218,0004,218,0004,218,0004,218,000
Debtors (Due After 1 year)14,630,00064,763,000
Total Fixed Assets1,087,923,0001,049,931,000816,511,000763,425,000766,119,000763,903,000763,751,000697,067,000537,828,000467,798,000369,525,000269,222,000265,090,000257,055,000268,153,000
Stock & work in progress15,639,00015,810,00014,987,0009,250,00011,976,00014,010,0009,286,0006,435,0001,471,000956,0001,085,000596,000620,000610,000669,000
Trade Debtors137,282,000121,970,000111,207,000127,550,00081,080,00095,334,00093,381,00088,129,00082,710,00061,251,00048,721,00037,389,00036,309,00036,272,00031,810,000
Group Debtors6,138,0009,415,00043,741,00043,414,0003,933,0006,212,0001,755,0003,317,0001,667,0002,584,00045,926,00010,0005,828,000235,000
Misc Debtors20,741,00029,054,00018,827,00014,700,00017,598,00013,635,00013,633,0008,344,0006,205,0005,983,0005,542,0003,422,0003,580,0002,331,0002,027,000
Cash1,859,0001,545,000458,000483,00054,008,000844,00011,475,0001,634,0007,626,0006,562,0001,860,00019,042,00021,899,00017,760,00053,532,000
misc current assets
total current assets182,015,000178,063,000189,220,000195,397,000168,749,000130,035,000129,530,000107,859,00099,679,00077,336,000103,134,00060,459,00062,408,00062,801,00088,273,000
total assets1,269,938,0001,227,994,0001,005,731,000958,822,000934,868,000893,938,000893,281,000804,926,000637,507,000545,134,000472,659,000329,681,000327,498,000319,856,000356,426,000
Bank overdraft
Bank loan
Trade Creditors 51,849,00053,185,00049,091,00047,438,00018,299,00026,717,00033,911,00045,446,00041,360,00041,935,00028,659,00021,514,00024,951,00024,842,00014,482,000
Group/Directors Accounts449,324,000541,570,00024,780,00028,724,000
other short term finances2,252,0002,570,0001,972,000
hp & lease commitments24,751,00016,546,00013,568,00012,598,00011,129,0002,653,0002,645,0002,229,0002,172,0002,077,0001,569,0001,101,000
other current liabilities84,975,00090,971,000130,414,000116,937,000102,154,00085,659,00084,527,000260,045,00040,895,00036,068,00051,796,00025,839,00022,251,00019,611,00018,369,000
total current liabilities610,899,000702,272,000193,073,000176,973,000131,582,000114,628,000121,091,000308,136,000109,605,000108,699,00082,684,00049,525,00049,279,00046,022,00033,952,000
loans817,260,000528,944,000242,980,000189,908,000910,388,000564,152,000479,294,000325,882,000291,701,00068,000,000138,006,0001,444,0003,340,0002,728,000678,000
hp & lease commitments82,065,00059,517,00050,591,00051,667,00055,194,0002,647,0001,826,0002,871,0003,371,00069,003,000722,0001,670,0001,364,000339,000
Accruals and Deferred Income
other liabilities4,445,000454,507,000436,287,000142,116,000283,144,000342,657,000133,137,000174,302,000153,372,000134,944,000130,979,000119,597,000158,756,000
provisions100,188,000114,486,00078,254,00060,692,00077,068,00057,710,00056,148,00055,488,00016,611,00013,302,00026,506,0005,134,0007,922,00010,358,00031,718,000
total long term liabilities458,724,000326,160,000615,124,000561,587,000635,844,000594,075,000610,378,000323,822,000311,183,000258,975,000235,628,000138,233,000136,610,000126,140,000174,954,000
total liabilities1,069,623,0001,028,432,000808,197,000738,560,000767,426,000708,703,000731,469,000631,958,000420,788,000367,674,000318,312,000187,758,000185,889,000172,162,000208,906,000
net assets200,315,000199,562,000197,534,000220,262,000167,442,000185,235,000161,812,000172,968,000216,719,000177,460,000154,347,000141,923,000141,609,000147,694,000147,520,000
total shareholders funds200,315,000199,562,000197,534,000220,262,000167,442,000185,235,000161,812,000172,968,000216,719,000177,460,000154,347,000141,923,000141,609,000147,694,000147,520,000
Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit48,026,00056,236,00078,962,00055,600,0002,556,00042,829,00047,392,00055,247,00054,716,00036,347,00013,088,0004,087,000561,000-5,604,000-3,570,000
Depreciation139,601,000125,976,000127,075,000122,953,000111,748,000105,637,00096,859,00081,141,00069,953,00063,165,00050,563,00045,484,00042,278,00040,553,00040,328,000
Amortisation6,398,0006,350,0004,562,0007,923,0009,754,0009,939,00011,250,0008,142,0004,874,0004,599,0002,655,0001,856,0001,670,000851,000596,000
Tax-5,522,000-9,134,000-23,274,000-7,507,000-1,602,000-6,669,000-9,160,000-7,887,000-11,070,000-8,344,000-3,236,000-1,230,000-2,967,000-4,130,000-6,720,000
Stock-171,000823,0005,737,000-2,726,000-2,034,0004,724,0002,851,0004,964,000515,000-129,000489,000-24,00010,000-59,000669,000
Debtors-10,908,0001,294,000-11,889,00018,290,00052,193,0006,412,0008,979,0009,208,00020,764,000-30,371,00059,368,000932,000-4,542,00010,359,00034,072,000
Creditors-1,336,0004,094,0001,653,00029,139,000-8,418,000-7,194,000-11,535,0004,086,000-575,00013,276,0007,145,000-3,437,000109,00010,360,00014,482,000
Accruals and Deferred Income-5,996,000-39,443,00013,477,00014,783,00016,495,0001,132,000-175,518,000219,150,0004,827,000-15,728,00025,957,0003,588,0002,640,0001,242,00018,369,000
Deferred Taxes & Provisions-14,298,00036,232,00017,562,000-16,376,00019,358,0001,562,000660,00038,877,0003,309,000-13,204,00021,372,000-2,788,000-2,436,000-21,360,00031,718,000
Cash flow from operations177,952,000178,194,000226,169,000190,951,00099,732,000136,100,000-51,882,000384,584,000104,755,000110,611,00057,687,00046,652,00046,387,00011,612,00060,462,000
Investing Activities
capital expenditure-183,991,000-365,746,000-184,723,000-128,182,000-123,718,000-115,728,000-174,793,000-274,144,000-148,373,000-136,899,000-153,521,000-51,472,000-51,983,000-30,306,000-309,077,000
Change in Investments-27,904,00023,927,00012,642,0005,312,0006,0008,801,00010,069,0005,788,000-3,516,0006,505,00018,415,0004,218,000
cash flow from investments-156,087,000-389,673,000-197,365,000-133,494,000-123,724,000-124,529,000-184,862,000-279,932,000-144,857,000-143,404,000-171,936,000-51,472,000-51,983,000-30,306,000-313,295,000
Financing Activities
Bank loans
Group/Directors Accounts-92,246,000541,570,000-24,780,000-3,944,00028,724,000
Other Short Term Loans -2,252,0002,252,000-2,570,000598,0001,972,000
Long term loans288,316,000285,964,00053,072,000-720,480,000346,236,00084,858,000153,412,00034,181,000223,701,000-70,006,000136,562,000-1,896,000612,0002,050,000678,000
Hire Purchase and Lease Commitments30,753,00011,904,000-106,000-2,058,00066,323,000-5,300,000829,0001,600,000-500,000-67,861,00068,338,000-853,000814,0001,493,0001,440,000
other long term liabilities-4,445,000-450,062,00018,220,000294,171,000-141,028,000-59,513,000209,520,000133,137,000-174,302,00020,930,00018,428,0003,965,00011,382,000-39,159,000158,756,000
share issue-12,757,000-31,764,000-73,810,00011,578,000-8,210,000-3,169,0007,272,000-4,537,000-920,000-2,752,0004,122,000-2,401,000-4,652,0009,725,000157,743,000
interest-28,994,000-13,310,000-4,606,000-6,851,000-10,537,000-9,568,000-4,092,000-6,574,000-366,000-2,138,000-1,560,000-142,000973,000183,00067,000
cash flow from financing180,627,000344,302,000-7,230,000-423,640,000250,532,0009,560,000366,941,000130,457,00044,267,000-91,131,000225,890,000-1,327,0009,129,000-25,708,000318,684,000
cash and cash equivalents
cash314,0001,087,000-25,000-53,525,00053,164,000-10,631,0009,841,000-5,992,0001,064,0004,702,000-17,182,000-2,857,0004,139,000-35,772,00053,532,000
overdraft
change in cash314,0001,087,000-25,000-53,525,00053,164,000-10,631,0009,841,000-5,992,0001,064,0004,702,000-17,182,000-2,857,0004,139,000-35,772,00053,532,000

sunbelt rentals limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Sunbelt Rentals Limited Competitor Analysis

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Perform a competitor analysis for sunbelt rentals limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in EC2V area or any other competitors across 12 key performance metrics.

sunbelt rentals limited directors

Sunbelt Rentals Limited currently has 3 directors. The longest serving directors include Mr Philip Parker (Feb 2016) and Mr Brendan Horgan (May 2019).

officercountryagestartendrole
Mr Philip ParkerEngland46 years Feb 2016- Director
Mr Brendan HorganEngland51 years May 2019- Director
Mr Philip HardyEngland44 years Jun 2023- Director

P&L

April 2024

turnover

691.8m

+4%

operating profit

48m

-15%

gross margin

35.5%

+2.9%

turnover

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

Balance Sheet

April 2024

net assets

200.3m

0%

total assets

1.3b

+0.03%

cash

1.9m

+0.2%

net assets

Total assets minus all liabilities

sunbelt rentals limited company details

company number

00444569

Type

Private limited with Share Capital

industry

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

incorporation date

November 1947

age

78

incorporated

UK

accounts

Full Accounts

last accounts submitted

April 2024

previous names

ashtead plant hire company limited (June 2020)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

100 cheapside, london, EC2V 6DT

Bank

-

Legal Advisor

-

sunbelt rentals 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 found 18 charges/mortgages relating to sunbelt rentals limited. Currently there are 5 open charges and 13 have been satisfied in the past.

sunbelt rentals 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.

Click to start generating capital raising & share issue transactions for SUNBELT RENTALS LIMITED. This can take several minutes, an email will notify you when this has completed.

sunbelt rentals limited Companies House Filings - See Documents

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