vp plc

3.5

vp plc Company Information

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MatureMegaLow

Company Number

00481833

Registered Address

central house, beckwith knowle otley road, harrogate, north yorkshire, HG3 1UD

Industry

Renting and leasing of other machinery, equipment and tangible goods n.e.c.

 

Telephone

01423533400

Next Accounts Due

September 2024

Group Structure

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Directors

Jeremy Pilkington31 Years

Philip White11 Years

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Shareholders

ackers p investment co ltd 37.9%

mr jeremy frederick george pilkington 20.2%

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vp plc Estimated Valuation

£347.9m - £532.9m

The estimated valuation range for vp plc, derived from financial data as of March 2023 and the most recent industry multiples, is between £347.9m to £532.9m

vp plc Estimated Valuation

£347.9m - £532.9m

The estimated valuation range for vp plc, derived from financial data as of March 2023 and the most recent industry multiples, is between £347.9m to £532.9m

vp plc Estimated Valuation

£347.9m - £532.9m

The estimated valuation range for vp plc, derived from financial data as of March 2023 and the most recent industry multiples, is between £347.9m to £532.9m

Get a detailed valuation report, edit figures and unlock valuation multiples.

Vp Plc AI Business Plan

In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.

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Vp Plc Overview

Vp Plc is a live company located in harrogate, HG3 1UD with a Companies House number of 00481833. It operates in the renting and leasing of other machinery, equipment and tangible goods n.e.c. sector, SIC Code 77390. Founded in May 1950, it's largest shareholder is ackers p investment co ltd with a 37.9% stake. Vp Plc is a mature, mega sized company, Pomanda has estimated its turnover at £371.5m with low growth in recent years.

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Vp Plc Health Check

Pomanda's financial health check has awarded Vp Plc a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £371.5m, make it larger than the average company (£10.9m)

£371.5m - Vp Plc

£10.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (5.7%)

1% - Vp Plc

5.7% - Industry AVG

production

Production

with a gross margin of 23.5%, this company has a higher cost of product (45.7%)

23.5% - Vp Plc

45.7% - Industry AVG

profitability

Profitability

an operating margin of 10.6% make it as profitable than the average company (12.1%)

10.6% - Vp Plc

12.1% - Industry AVG

employees

Employees

with 713 employees, this is above the industry average (53)

713 - Vp Plc

53 - Industry AVG

paystructure

Pay Structure

on an average salary of £172.9k, the company has a higher pay structure (£43.3k)

£172.9k - Vp Plc

£43.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £521.1k, this is more efficient (£186.4k)

£521.1k - Vp Plc

£186.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 71 days, this is later than average (58 days)

71 days - Vp Plc

58 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 39 days, this is quicker than average (51 days)

39 days - Vp Plc

51 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 11 days, this is less than average (22 days)

11 days - Vp Plc

22 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (8 weeks)

6 weeks - Vp Plc

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 62.7%, this is a similar level of debt than the average (58.5%)

62.7% - Vp Plc

58.5% - Industry AVG

vp plc 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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Vp Plc Competitor Analysis

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Perform a competitor analysis for vp plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.

vp plc Ownership

VP PLC Shareholders

ackers p investment co ltd 37.85%
mr jeremy frederick george pilkington 20.22%
jeremy frederick george pilkington 20.22%
vibroplant trustees ltd 11.81%
chase nominees ltd 9.9%

vp plc directors

Vp Plc currently has 6 directors. The longest serving directors include Mr Jeremy Pilkington (Aug 1992) and Mr Philip White (Apr 2013).

officercountryagestartendrole
Mr Jeremy Pilkington73 years Aug 1992- Director
Mr Philip WhiteUnited Kingdom74 years Apr 2013- Director
Ms Anna Bielby45 years Jan 2023- Director
Mr Stuart Watson61 years Jan 2023- Director
Mr Mark Bottomley60 years Jan 2023- Director
Mr Keith Winstanley41 years Jan 2024- Director

VP PLC financials

EXPORTms excel logo

Vp Plc's latest turnover from March 2023 is £371.5 million and the company has net assets of £174.9 million. According to their latest financial statements, Vp Plc has 713 employees and maintains cash reserves of £11.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover371,519,000350,915,000307,997,000362,927,000382,830,000303,639,000248,740,000208,746,000205,602,000183,064,000167,034,000161,514,000140,959,000134,163,000
Other Income Or Grants00000000000000
Cost Of Sales284,176,000261,876,000259,887,000292,746,000295,539,000229,477,000181,807,000149,758,000148,773,000133,470,000124,791,000120,910,000106,461,00099,350,000
Gross Profit87,343,00089,039,00048,110,00070,181,00087,291,00074,162,00066,933,00058,988,00056,829,00049,594,00042,243,00040,604,00034,498,00034,813,000
Admin Expenses48,068,00046,042,00042,427,00032,975,00035,720,00030,144,00033,688,00029,395,00029,733,00028,883,00023,377,00022,737,00019,577,00017,869,000
Operating Profit39,275,00042,997,0005,683,00037,206,00051,571,00044,018,00033,245,00029,593,00027,096,00020,711,00018,866,00017,867,00014,921,00016,944,000
Interest Payable8,601,0007,355,0007,960,0008,892,0004,830,0003,496,0002,920,0002,097,0002,024,0001,790,0002,484,0002,575,0002,689,0002,622,000
Interest Receivable32,0002,0008,00052,00088,00075,00014,0004,0001,00012,00020,00036,0002,00017,000
Pre-Tax Profit30,706,00035,644,000-2,269,00028,366,00033,581,00030,814,00030,339,00027,500,00025,073,00018,933,00016,402,00015,328,00012,234,00014,339,000
Tax-7,696,000-10,109,000-2,332,000-9,779,000-7,759,000-6,448,000-6,687,000-5,112,000-5,202,000-3,238,000-3,353,000-3,101,000-2,451,000-4,094,000
Profit After Tax23,010,00025,535,000-4,601,00018,587,00025,822,00024,366,00023,652,00022,388,00019,871,00015,695,00013,049,00012,227,0009,783,00010,245,000
Dividends Paid14,471,00014,054,0008,674,00012,055,00010,853,0008,983,000005,986,0004,962,0004,437,0004,457,0004,509,0004,510,000
Retained Profit8,539,00011,481,000-13,275,0006,532,00014,969,00015,383,00023,652,00022,388,00013,885,00010,733,0008,612,0007,770,0005,274,0005,735,000
Employee Costs123,293,000117,590,000110,728,000120,391,000124,628,000101,189,00090,168,00026,235,00069,502,00062,316,00058,074,00053,995,00046,051,00043,950,000
Number Of Employees7136756967367187055835511,7261,6291,5801,5291,4081,408
EBITDA*106,923,000108,392,00061,036,000100,122,000105,971,00092,438,00066,726,00059,266,00053,803,00044,338,00040,988,00038,669,00034,441,00037,168,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets311,622,000307,153,000295,057,000322,363,000251,383,000241,969,000197,650,000168,735,000148,860,000125,523,000110,657,000110,680,000101,286,00098,635,000
Intangible Assets57,748,00062,422,00064,366,00074,267,00089,670,00094,317,00047,512,00046,363,00043,394,00041,351,00039,279,00038,966,00039,599,00039,826,000
Investments & Other00000000000000
Debtors (Due After 1 year)2,300,0002,738,0002,175,0003,018,0000000000000
Total Fixed Assets367,070,000366,837,000357,248,000393,612,000341,053,000336,286,000245,162,000215,098,000192,254,000166,874,000149,936,000149,646,000140,885,000138,461,000
Stock & work in progress8,915,0007,956,0007,342,0009,073,0007,809,0008,620,0005,166,0005,363,0006,495,0005,352,0005,679,0004,826,0005,388,0003,813,000
Trade Debtors72,972,00067,638,00061,261,00072,272,00075,579,00062,888,00047,436,00038,364,000033,366,00029,112,00030,044,00028,736,00024,135,000
Group Debtors0000000041,225,00000000
Misc Debtors8,541,0008,419,0005,211,00011,991,0009,871,0007,984,0005,992,0006,453,0004,899,0004,990,0004,144,0004,953,0004,571,0003,195,000
Cash11,140,00013,617,00015,917,00020,094,00029,044,00018,194,00015,070,00011,374,0005,236,0008,978,0008,712,0005,582,0005,509,0001,385,000
misc current assets00000000000000
total current assets102,304,00097,630,00090,548,000114,433,000122,303,00097,686,00073,664,00061,554,00057,855,00052,686,00047,647,00045,405,00044,204,00032,528,000
total assets469,374,000464,467,000447,796,000508,045,000463,356,000433,972,000318,826,000276,652,000250,109,000219,560,000197,583,000195,051,000185,089,000170,989,000
Bank overdraft000008,691,0004,988,0000000000
Bank loan000000000024,000,000020,000,00049,500,000
Trade Creditors 30,568,00030,326,00026,935,00028,873,00081,720,00031,385,00055,270,00018,826,00022,722,00015,640,00013,277,00018,177,00018,759,00011,429,000
Group/Directors Accounts00000000000000
other short term finances0073,009,0006,161,00017,420,000007,730,0004,263,00000000
hp & lease commitments14,622,00014,147,00016,477,00017,692,00001,527,000835,0000017,00001,00020,000192,000
other current liabilities41,616,00050,502,00056,555,00046,313,0007,649,00041,435,0005,219,00033,672,00034,973,00029,388,00023,100,00030,953,00019,316,00014,327,000
total current liabilities86,806,00094,975,000172,976,00099,039,000106,789,00083,038,00066,312,00060,228,00061,958,00045,045,00060,377,00049,131,00058,095,00075,448,000
loans378,808,000375,434,000218,834,000455,794,000358,552,000374,296,000216,360,000179,556,000144,000,000124,000,00060,000,00092,000,00052,002,00036,000
hp & lease commitments43,896,00043,496,00044,603,00054,158,00001,148,0001,180,000000001,00018,000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions36,464,00030,380,00024,572,00022,376,00016,812,00018,680,00013,730,00010,592,0008,768,0009,062,00012,568,00017,718,00018,930,00022,672,000
total long term liabilities207,636,000202,907,000121,703,000239,085,000187,682,000196,488,000115,045,00095,074,00076,384,00066,531,00036,284,00054,859,00035,466,00011,354,000
total liabilities294,442,000297,882,000294,679,000338,124,000294,471,000279,526,000181,357,000155,302,000138,342,000111,576,00096,661,000103,990,00093,561,00086,802,000
net assets174,932,000166,585,000153,090,000169,894,000168,858,000154,419,000137,442,000121,323,000111,740,000107,957,000100,895,00091,034,00091,501,00084,160,000
total shareholders funds174,932,000166,585,000153,090,000169,894,000168,858,000154,419,000137,442,000121,323,000111,740,000107,957,000100,895,00091,034,00091,501,00084,160,000
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit39,275,00042,997,0005,683,00037,206,00051,571,00044,018,00033,245,00029,593,00027,096,00020,711,00018,866,00017,867,00014,921,00016,944,000
Depreciation63,158,00062,093,00044,980,00046,160,00049,768,00040,319,00033,481,00027,375,00025,023,00022,507,00021,173,00020,169,00018,558,00018,901,000
Amortisation4,490,0003,302,00010,373,00016,756,0004,632,0008,101,00002,298,0001,684,0001,120,000949,000633,000962,0001,323,000
Tax-7,696,000-10,109,000-2,332,000-9,779,000-7,759,000-6,448,000-6,687,000-5,112,000-5,202,000-3,238,000-3,353,000-3,101,000-2,451,000-4,094,000
Stock959,000614,000-1,731,0001,264,000-811,0003,454,000-197,000-1,132,0001,143,000-327,000853,000-562,0001,575,0003,813,000
Debtors5,018,00010,148,000-18,634,0001,831,00014,578,00017,444,0008,611,000-1,307,0007,768,0005,100,000-1,741,0001,690,0005,977,00027,330,000
Creditors242,0003,391,000-1,938,000-52,847,00050,335,000-23,885,00036,444,000-3,896,0007,082,0002,363,000-4,900,000-582,0007,330,00011,429,000
Accruals and Deferred Income-8,886,000-6,053,00010,242,00038,664,000-33,786,00036,216,000-28,453,000-1,301,0005,585,0006,288,000-7,853,00011,637,0004,989,00014,327,000
Deferred Taxes & Provisions6,084,0005,808,0002,196,0005,564,000-1,868,0004,950,0003,138,0001,824,000-294,000-3,506,000-5,150,000-1,212,000-3,742,00022,672,000
Cash flow from operations90,690,00090,667,00089,569,00078,629,00099,126,00082,373,00062,754,00053,220,00052,063,00041,472,00020,620,00044,283,00033,015,00050,359,000
Investing Activities
capital expenditure-67,443,000-75,547,000-18,146,000-118,493,000-59,167,000-139,544,000-63,545,000-52,517,000-52,087,000-40,565,000-22,412,000-29,563,000-21,944,000-158,685,000
Change in Investments00000000000000
cash flow from investments-67,443,000-75,547,000-18,146,000-118,493,000-59,167,000-139,544,000-63,545,000-52,517,000-52,087,000-40,565,000-22,412,000-29,563,000-21,944,000-158,685,000
Financing Activities
Bank loans000000000-24,000,00024,000,000-20,000,000-29,500,00049,500,000
Group/Directors Accounts00000000000000
Other Short Term Loans 0-73,009,00066,848,000-11,259,00017,420,0000-7,730,0003,467,0004,263,00000000
Long term loans3,374,000156,600,000-236,960,00097,242,000-15,744,000157,936,00036,804,00035,556,00020,000,00064,000,000-32,000,00039,998,00051,966,00036,000
Hire Purchase and Lease Commitments875,000-3,437,000-10,770,00071,850,000-2,675,000660,0002,015,0000-17,00017,000-1,000-20,000-189,000210,000
other long term liabilities00000000000000
share issue-192,0002,014,000-3,529,000-5,496,000-530,0001,594,000-7,533,000-12,805,000-10,102,000-3,671,0001,249,000-8,237,0002,067,00078,425,000
interest-8,569,000-7,353,000-7,952,000-8,840,000-4,742,000-3,421,000-2,906,000-2,093,000-2,023,000-1,778,000-2,464,000-2,539,000-2,687,000-2,605,000
cash flow from financing-4,512,00074,815,000-192,363,000143,497,000-6,271,000156,769,00020,650,00024,125,00012,121,00034,568,000-9,216,0009,202,00021,657,000125,566,000
cash and cash equivalents
cash-2,477,000-2,300,000-4,177,000-8,950,00010,850,0003,124,0003,696,0006,138,000-3,742,000266,0003,130,00073,0004,124,0001,385,000
overdraft0000-8,691,0003,703,0004,988,0000000000
change in cash-2,477,000-2,300,000-4,177,000-8,950,00019,541,000-579,000-1,292,0006,138,000-3,742,000266,0003,130,00073,0004,124,0001,385,000

P&L

March 2023

turnover

371.5m

+6%

operating profit

39.3m

-9%

gross margin

23.6%

-7.35%

turnover

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

Balance Sheet

March 2023

net assets

174.9m

+0.05%

total assets

469.4m

+0.01%

cash

11.1m

-0.18%

net assets

Total assets minus all liabilities

vp plc company details

company number

00481833

Type

Public limited with Share Capital

industry

77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.

incorporation date

May 1950

age

74

accounts

Group

ultimate parent company

SAGITTAS INVESTORS LTD

previous names

vibroplant p l c (March 2001)

vibroplant holdings limited (December 1981)

incorporated

UK

address

central house, beckwith knowle otley road, harrogate, north yorkshire, HG3 1UD

last accounts submitted

March 2023

vp plc 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 40 charges/mortgages relating to vp plc. Currently there are 4 open charges and 36 have been satisfied in the past.

charges

vp plc Companies House Filings - See Documents

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