Modern Plant Hire Limited

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modern plant hire limited Company Information

Live (In Liquidation)

MatureSmallDeclining

Company Number

00607189

Website

www.modernplant.co.uk

Registered Address

the stables 19 high street, hillmorton, warwickshire, CV21 4EG

Industry

Construction of other civil engineering projects n.e.c.

Telephone

01788565186

Next Accounts Due

78 days late

Group Structure

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Directors

Rita Tarrant33 Years

Michael Tarrant33 Years

Shareholders

rita hilda tarrant 50%

michael john tarrant 50%

View All

modern plant hire limited Estimated Valuation

£1m

Pomanda estimates the enterprise value of MODERN PLANT HIRE LIMITED at £1m based on a Turnover of £4.3m and 0.24x industry multiple (adjusted for size and gross margin).

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Modern Plant Hire Limited is a live company located in warwickshire, CV21 4EG with a Companies House number of 00607189. It operates in the construction of other civil engineering projects n.e.c. sector, SIC Code 42990. Founded in June 1958, it's largest shareholder is rita hilda tarrant with a 50% stake. Modern Plant Hire Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Modern Plant Hire Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

0 Strong

3 Regular

8 Weak

Size

annual sales of £4.3m, make it smaller than the average company (£12m)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (5.2%)

EXPORT

Modern Plant Hire Limited's latest turnover from June 2022 is estimated at £4.3 million and the company has net assets of £75.6 thousand. According to their latest financial statements, Modern Plant Hire Limited has 35 employees and maintains cash reserves of £39.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	4,303,362	2,897,353	3,658,723	6,486,057	4,686,882	5,455,615	3,396,024	6,001,705	3,264,209	3,426,291	3,114,569	4,557,521	4,028,067
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,601,295	2,434,877	3,048,314	5,316,915	3,797,350	4,347,214	2,773,887	4,902,496	2,687,868	2,770,151	2,455,616	3,605,016	3,116,805
Gross Profit	702,067	462,476	610,409	1,169,143	889,532	1,108,401	622,137	1,099,209	576,341	656,140	658,953	952,505	911,263
Admin Expenses	870,786	1,052,246	575,019	1,189,104	798,577	1,112,552	489,513	1,127,131	669,715	640,304	964,313	1,021,143	-627,873
Operating Profit	-168,719	-589,770	35,390	-19,961	90,955	-4,151	132,624	-27,922	-93,374	15,836	-305,360	-68,638	1,539,136
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,713	615	923	6,084	2,274	399	1,464	1,334	444	476	902	844	295
Pre-Tax Profit	-167,006	-589,155	36,314	-13,877	93,228	-3,752	134,088	-26,588	-92,930	16,312	-304,458	-67,794	1,539,431
Tax	0	0	-6,900	0	-17,713	0	-26,817	0	0	-3,752	0	0	-431,041
Profit After Tax	-167,006	-589,155	29,414	-13,877	75,515	-3,752	107,270	-26,588	-92,930	12,560	-304,458	-67,794	1,108,390
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-167,006	-589,155	29,414	-13,877	75,515	-3,752	107,270	-26,588	-92,930	12,560	-304,458	-67,794	1,108,390
Employee Costs	1,612,324	1,692,218	1,902,631	1,911,640	1,068,743	1,272,929	693,683	1,202,924	694,149	741,500	733,278	1,174,934	1,075,271
Number Of Employees	35	38	43	45	25	32	18	32	19	21	21	34	32
EBITDA*	-9,809	-402,053	257,406	141,212	254,208	93,857	244,260	55,264	-24,090	102,265	-205,742	56,757	1,721,616

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	511,141	1,049,049	1,112,653	1,304,712	943,418	911,482	710,663	636,003	598,403	668,243	719,074	818,217	1,031,142
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	7,016	7,016	87,016	86,666
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	511,141	1,049,049	1,112,653	1,304,712	943,418	911,482	710,663	636,003	598,403	675,259	726,090	905,233	1,117,808
Stock & work in progress	0	0	0	0	17,791	17,791	196,902	215,164	85,571	17,791	37,791	2,791	2,791
Trade Debtors	563,454	234,128	382,475	1,022,762	329,085	1,136,294	647,166	685,219	368,268	501,028	349,327	777,332	700,140
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	166,899	47,905	17,572	22,175	1,207,270	33,759	32,473	0	205,767	202,767	201,395	0	0
Cash	39,631	234,402	994,616	851,999	770,431	139,021	180,394	405,200	128,271	49,205	141,039	219,596	117,869
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	769,984	516,435	1,394,663	1,896,936	2,324,577	1,326,865	1,056,935	1,305,583	787,877	770,791	729,552	999,719	820,800
total assets	1,281,125	1,565,484	2,507,316	3,201,648	3,267,995	2,238,347	1,767,598	1,941,586	1,386,280	1,446,050	1,455,642	1,904,952	1,938,608
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	397,058	199,620	199,978	670,641	1,174,207	585,301	284,283	1,230,158	717,055	682,084	689,543	762,167	654,749
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	49,949	151,378	166,862	191,445	108,910	109,736	80,394	0	0	0	0	0	0
other current liabilities	442,227	722,628	794,864	876,007	835,842	573,485	541,573	0	0	0	0	0	26,000
total current liabilities	889,234	1,073,626	1,161,704	1,738,093	2,118,959	1,268,522	906,250	1,230,158	717,055	682,084	689,543	762,167	680,749
loans	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	46,058	115,074	162,888	295,784	173,675	222,841	105,762	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	136,055	0	13,850	14,349	5,770	6,284	11,134	74,246	5,455	7,266	21,959	78,000	104,000
provisions	134,187	134,187	337,122	351,084	153,376	0	0	0	0	0	0	16,187	37,469
total long term liabilities	316,300	249,261	513,860	661,217	332,821	229,125	116,896	74,246	5,455	7,266	21,959	94,187	141,469
total liabilities	1,205,534	1,322,887	1,675,564	2,399,310	2,451,780	1,497,647	1,023,146	1,304,404	722,510	689,350	711,502	856,354	822,218
net assets	75,591	242,597	831,752	802,338	816,215	740,700	744,452	637,182	663,770	756,700	744,140	1,048,598	1,116,390
total shareholders funds	75,591	242,597	831,752	802,338	816,215	740,700	744,452	637,182	663,770	756,700	744,140	1,048,598	1,116,390

	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	-168,719	-589,770	35,390	-19,961	90,955	-4,151	132,624	-27,922	-93,374	15,836	-305,360	-68,638	1,539,136
Depreciation	158,910	187,717	222,016	161,173	163,253	98,008	111,636	83,186	69,284	86,429	99,618	125,395	182,480
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-6,900	0	-17,713	0	-26,817	0	0	-3,752	0	0	-431,041
Stock	0	0	0	-17,791	0	-179,111	-18,262	129,593	67,780	-20,000	35,000	0	2,791
Debtors	448,320	-118,014	-644,890	-491,418	366,302	490,414	-5,580	111,184	-129,760	153,073	-226,610	77,192	700,140
Creditors	197,438	-358	-470,663	-503,566	588,906	301,018	-945,875	513,103	34,971	-7,459	-72,624	107,418	654,749
Accruals and Deferred Income	-280,401	-72,236	-81,143	40,165	262,357	31,912	541,573	0	0	0	0	-26,000	26,000
Deferred Taxes & Provisions	0	-202,935	-13,962	197,708	153,376	0	0	0	0	0	-16,187	-21,282	37,469
Cash flow from operations	-541,092	-559,568	329,628	384,728	874,832	115,484	-163,017	327,590	72,861	-42,019	-102,943	39,701	1,305,862
Investing Activities
capital expenditure	378,998	-124,113	-29,957	-522,467	-195,189	-298,827	-186,296	-120,786	556	-35,598	-475	87,530	-1,213,622
Change in Investments	0	0	0	0	0	0	0	0	-7,016	0	-80,000	350	86,666
cash flow from investments	378,998	-124,113	-29,957	-522,467	-195,189	-298,827	-186,296	-120,786	7,572	-35,598	79,525	87,180	-1,300,288
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-170,445	-63,298	-157,479	204,644	-49,992	146,421	186,156	0	0	0	0	0	0
other long term liabilities	136,055	-13,850	-499	8,579	-514	-4,850	-63,112	68,791	-1,811	-14,693	-56,041	-26,000	104,000
share issue	0	0	0	0	0	0	0	0	0	0	0	2	8,000
interest	1,713	615	923	6,084	2,274	399	1,464	1,334	444	476	902	844	295
cash flow from financing	-32,677	-76,533	-157,055	219,307	-48,232	141,970	124,508	70,125	-1,367	-14,217	-55,139	-25,154	112,295
cash and cash equivalents
cash	-194,771	-760,214	142,617	81,568	631,410	-41,373	-224,806	276,929	79,066	-91,834	-78,557	101,727	117,869
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-194,771	-760,214	142,617	81,568	631,410	-41,373	-224,806	276,929	79,066	-91,834	-78,557	101,727	117,869

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MODERN PLANT HIRE LIMITED group structure

Modern Plant Hire Limited has no subsidiary companies.

Ultimate parent company

MODERN PLANT HIRE LIMITED

00607189

MODERN PLANT HIRE LIMITED Shareholders

rita hilda tarrant	49.99%
michael john tarrant	49.99%
michael tarrant	0.01%
rita tarrant	0.01%

Modern Plant Hire Limited currently has 2 directors. The longest serving directors include Ms Rita Tarrant (Feb 1991) and Mr Michael Tarrant (Feb 1991).

officer	country	age	start	end	role
Ms Rita Tarrant		77 years	Feb 1991	-	Director
Mr Michael Tarrant	England	78 years	Feb 1991	-	Director

P&L

June 2022

turnover

4.3m

+49%

operating profit

-168.7k

gross margin

16.4%

+2.21%

turnover

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

Balance Sheet

June 2022

net assets

75.6k

-0.69%

total assets

1.3m

-0.18%

cash

39.6k

-0.83%

net assets

Total assets minus all liabilities

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company number

00607189

Type

Private limited with Share Capital

industry

42990 - Construction of other civil engineering projects n.e.c.

incorporation date

June 1958

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

the stables 19 high street, hillmorton, warwickshire, CV21 4EG

last accounts submitted

June 2022

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 6 charges/mortgages relating to modern plant hire limited. Currently there are 1 open charges and 5 have been satisfied in the past.

modern plant hire limited Company Information

modern plant hire limited Estimated Valuation

modern plant hire limited Estimated Valuation

modern plant hire limited Estimated Valuation

Modern Plant Hire Limited Overview

Modern Plant Hire Limited Health Check

MODERN PLANT HIRE LIMITED financials

modern plant hire limited Credit Report and Business Information

Modern Plant Hire Limited Competitor Analysis

modern plant hire limited Ownership

modern plant hire limited directors

modern plant hire limited company details

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modern plant hire limited Companies House Filings - See Documents