Pomanda estimates the enterprise value of WERNICK HIRE LIMITED at £305m based on a Turnover of £119.5m and 2.55x industry multiple (adjusted for size and gross margin).
wernick hire limitedEstimated Valuation
£468.4m
Pomanda estimates the enterprise value of WERNICK HIRE LIMITED at £468.4m based on an EBITDA of £42m and a 11.15x industry multiple (adjusted for size and gross margin).
wernick hire limitedEstimated Valuation
£206.3m
Pomanda estimates the enterprise value of WERNICK HIRE LIMITED at £206.3m based on Net Assets of £107.6m and 1.92x industry multiple (adjusted for liquidity).
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Wernick Hire LimitedOverview
Wernick Hire Limited is a live company located in essex, SS11 8QG with a Companies House number of 00633778. It operates in the other accommodation sector, SIC Code 55900. Founded in July 1959, it's largest shareholder is
s wernick & sons (holdings) ltd
with a 100% stake. Wernick Hire Limited is a mature,
mega sized company, Pomanda has estimated its turnover at
£119.5m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Wernick Hire Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
7 Strong
0 Regular
5 Weak
Size
annual sales of £119.5m, make it larger than the average company (£916k)
£119.5m - Wernick Hire Limited
£916k - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (6.4%)
8% - Wernick Hire Limited
6.4% - Industry AVG
Production
with a gross margin of 45.3%, this company has a higher cost of product (60.3%)
45.3% - Wernick Hire Limited
60.3% - Industry AVG
Profitability
an operating margin of 18.8% make it more profitable than the average company (6%)
18.8% - Wernick Hire Limited
6% - Industry AVG
Employees
with 447 employees, this is above the industry average (19)
447 - Wernick Hire Limited
19 - Industry AVG
Pay Structure
on an average salary of £39.3k, the company has a higher pay structure (£24.4k)
£39.3k - Wernick Hire Limited
£24.4k - Industry AVG
Efficiency
resulting in sales per employee of £267.2k, this is more efficient (£58k)
£267.2k - Wernick Hire Limited
£58k - Industry AVG
Debtor Days
it gets paid by customers after 75 days, this is later than average (15 days)
75 days - Wernick Hire Limited
15 days - Industry AVG
Creditor Days
its suppliers are paid after 79 days, this is slower than average (18 days)
79 days - Wernick Hire Limited
18 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (9 days)
3 days - Wernick Hire Limited
9 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (81 weeks)
1 weeks - Wernick Hire Limited
81 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46.9%, this is a higher level of debt than the average (34%)
46.9% - Wernick Hire Limited
34% - Industry AVG
WERNICK HIRE LIMITED financials
EXPORT
Wernick Hire Limited's latest turnover from December 2023 is £119.5 million and the company has net assets of £107.6 million. According to their latest financial statements, Wernick Hire Limited has 447 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
119,459,342
113,439,133
119,766,912
95,268,420
81,150,535
78,732,943
73,642,555
71,615,858
62,584,847
59,866,392
54,206,962
49,966,880
43,953,795
33,993,526
30,627,558
Other Income Or Grants
Cost Of Sales
65,352,138
59,097,465
63,063,455
51,503,539
45,174,031
44,070,647
42,533,033
41,374,428
35,278,785
33,678,719
29,186,573
27,040,238
22,888,279
17,469,638
14,922,230
Gross Profit
54,107,204
54,341,668
56,703,457
43,764,881
35,976,504
34,662,296
31,109,522
30,241,430
27,306,062
26,187,673
25,020,389
22,926,642
21,065,516
16,523,888
15,705,328
Admin Expenses
31,708,617
30,475,015
27,982,710
24,220,208
23,641,034
22,581,909
21,365,789
19,876,883
17,951,321
17,139,600
16,705,025
15,356,958
14,332,532
11,681,230
10,457,751
Operating Profit
22,398,587
23,866,653
28,720,747
19,544,673
12,335,470
12,080,387
9,743,733
10,364,547
9,354,741
9,048,073
8,315,364
7,569,684
6,732,984
4,842,658
5,247,577
Interest Payable
1,833,673
1,208,039
942,292
722,349
732,402
698,321
775,985
948,765
691,366
756,440
973,265
1,215,705
1,215,756
906,494
849,854
Interest Receivable
3,579
2,572
Pre-Tax Profit
20,564,914
22,658,614
27,778,455
18,822,324
11,603,068
11,382,066
8,967,748
9,415,782
8,663,375
8,291,633
7,342,099
4,198,606
5,517,183
3,267,835
3,356,841
Tax
-4,028,178
-7,428,760
-6,668,224
-3,275,226
-1,849,210
-2,243,611
-1,738,011
-1,789,790
-1,241,816
-1,793,673
-557,186
-1,016,731
-806,205
-1,308,355
-1,489,383
Profit After Tax
16,536,736
15,229,854
21,110,231
15,547,098
9,753,858
9,138,455
7,229,737
7,625,992
7,421,559
6,497,960
6,784,913
3,181,875
4,710,978
1,959,480
1,867,458
Dividends Paid
10,000,000
10,000,000
10,000,000
15,000,000
1,000,000
400,000
Retained Profit
16,536,736
15,229,854
11,110,231
5,547,098
-246,142
-5,861,545
7,229,737
7,625,992
7,421,559
6,497,960
5,784,913
3,181,875
4,310,978
1,959,480
1,867,458
Employee Costs
17,554,182
16,681,155
15,470,254
13,773,461
13,544,845
12,858,443
12,040,743
11,380,071
10,306,984
9,893,054
9,448,604
8,517,803
7,538,869
6,237,970
5,633,233
Number Of Employees
447
416
414
402
409
397
360
377
397
345
327
307
297
248
241
EBITDA*
42,011,359
41,356,446
44,866,017
33,809,797
25,854,714
15,576,490
20,790,172
21,911,340
19,330,155
17,940,341
16,837,532
15,579,969
13,574,304
5,229,741
9,756,337
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
146,056,112
125,487,169
116,011,737
101,789,758
90,028,546
82,078,595
72,731,358
73,639,963
76,080,767
61,679,815
62,901,254
63,507,628
57,299,421
48,357,353
42,539,432
Intangible Assets
534,908
796,063
1,057,214
315,756
101,658
326,261
669,996
1,121,262
1,630,362
664,780
Investments & Other
2,571,947
2,571,947
2,571,947
2,571,947
2,571,947
2,571,947
2,571,947
2,571,947
2,571,947
2,571,947
2,571,946
2,571,946
4,727,319
6,230,943
7,240,633
Debtors (Due After 1 year)
Total Fixed Assets
149,162,967
128,855,179
119,640,898
104,677,461
92,600,493
84,650,542
75,303,305
76,211,910
78,652,714
64,353,420
65,799,461
66,749,570
63,148,002
56,218,658
50,444,845
Stock & work in progress
613,028
589,646
530,815
788,635
1,357,132
1,429,697
1,144,464
929,374
321,834
298,983
262,636
241,164
189,368
172,073
166,639
Trade Debtors
24,584,971
20,550,636
18,925,973
23,954,059
16,619,000
15,513,594
14,921,422
14,579,558
11,606,103
11,772,529
10,805,657
10,507,019
8,166,025
5,814,012
5,452,215
Group Debtors
24,253,523
16,033,103
5,223,880
6,526,800
3,379,573
8,778,199
13,156,319
8,754,701
7,619,215
7,809,400
5,157,847
4,601,285
Misc Debtors
1,967,153
4,567,225
1,333,727
1,694,902
1,789,070
2,676,234
458,436
672,876
138,881
1,728,604
511,432
381,859
33,380
40,583
42,426
Cash
2,056,138
4,321,073
8,284,113
599,644
2,205,578
1,126,930
4,415,224
990,704
496,557
8,150
7,952
7,734
164,042
103,506
5,570
misc current assets
total current assets
53,474,813
46,061,683
34,298,508
33,564,040
25,350,353
29,524,654
34,095,865
25,927,213
20,182,590
21,617,666
16,745,524
15,739,061
8,552,815
6,130,174
5,666,850
total assets
202,637,780
174,916,862
153,939,406
138,241,501
117,950,846
114,175,196
109,399,170
102,139,123
98,835,304
85,971,086
82,544,985
82,488,631
71,700,817
62,348,832
56,111,695
Bank overdraft
1,812,500
13,232
5,197,614
4,484,292
1,450,000
600,182
Bank loan
1,812,500
1,812,500
1,812,500
3,175,000
Trade Creditors
14,247,971
13,516,675
9,739,892
13,305,999
9,498,596
12,456,922
9,741,120
7,408,096
6,619,978
8,384,376
7,591,640
6,395,345
4,924,683
3,465,210
2,769,164
Group/Directors Accounts
146,871
1,685,061
2,357,919
other short term finances
hp & lease commitments
27,523,814
20,361,115
20,497,362
18,097,009
14,423,150
12,661,172
10,425,972
10,248,586
10,730,396
9,377,697
9,776,543
9,426,000
9,790,599
8,947,998
6,426,987
other current liabilities
13,145,062
15,061,176
14,813,275
12,032,943
7,758,350
6,517,327
4,721,026
4,472,704
2,899,401
4,515,884
3,093,542
2,469,957
1,503,526
857,975
788,129
total current liabilities
54,916,847
48,938,966
45,050,529
43,435,951
31,680,096
33,447,921
26,700,618
23,941,886
22,062,275
25,466,189
25,659,339
22,775,594
17,815,679
14,956,244
12,942,381
loans
1,812,500
3,625,000
5,437,500
3,175,000
8,175,000
4,350,000
hp & lease commitments
29,912,237
24,705,936
26,829,613
25,748,011
22,760,309
17,093,450
11,256,019
11,936,208
15,681,914
12,083,816
11,726,619
14,110,651
14,995,238
13,456,063
11,671,541
Accruals and Deferred Income
other liabilities
provisions
10,174,853
10,174,853
6,192,011
4,300,517
4,300,517
4,177,759
4,312,422
4,548,155
5,191,733
5,619,636
5,684,071
6,912,343
7,206,732
7,346,335
6,867,063
total long term liabilities
40,087,090
34,880,789
33,021,624
30,048,528
27,060,826
21,271,209
17,380,941
20,109,363
26,311,147
17,703,452
20,585,690
29,197,994
26,551,970
20,802,398
18,538,604
total liabilities
95,003,937
83,819,755
78,072,153
73,484,479
58,740,922
54,719,130
44,081,559
44,051,249
48,373,422
43,169,641
46,245,029
51,973,588
44,367,649
35,758,642
31,480,985
net assets
107,633,843
91,097,107
75,867,253
64,757,022
59,209,924
59,456,066
65,317,611
58,087,874
50,461,882
42,801,445
36,299,956
30,515,043
27,333,168
26,590,190
24,630,710
total shareholders funds
107,633,843
91,097,107
75,867,253
64,757,022
59,209,924
59,456,066
65,317,611
58,087,874
50,461,882
42,801,445
36,299,956
30,515,043
27,333,168
26,590,190
24,630,710
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
22,398,587
23,866,653
28,720,747
19,544,673
12,335,470
12,080,387
9,743,733
10,364,547
9,354,741
9,048,073
8,315,364
7,569,684
6,732,984
4,842,658
5,247,577
Depreciation
19,351,617
17,228,642
15,884,119
14,265,124
13,519,244
3,496,103
11,046,439
11,546,793
9,873,756
8,667,665
8,178,433
7,485,965
6,332,220
71,144
4,319,146
Amortisation
261,155
261,151
261,151
101,658
224,603
343,735
524,320
509,100
315,939
189,614
Tax
-4,028,178
-7,428,760
-6,668,224
-3,275,226
-1,849,210
-2,243,611
-1,738,011
-1,789,790
-1,241,816
-1,793,673
-557,186
-1,016,731
-806,205
-1,308,355
-1,489,383
Stock
23,382
58,831
-257,820
-568,497
-72,565
285,233
215,090
607,540
22,851
36,347
21,472
51,796
17,295
5,434
166,639
Debtors
9,654,683
15,667,384
-6,692,181
10,388,118
-5,180,384
-1,568,150
4,529,042
4,642,936
-1,946,334
4,835,597
984,773
7,290,758
2,344,810
359,954
5,494,641
Creditors
731,296
3,776,783
-3,566,107
3,807,403
-2,958,326
2,715,802
2,333,024
788,118
-1,764,398
792,736
1,196,295
1,470,662
1,459,473
696,046
2,769,164
Accruals and Deferred Income
-1,916,114
247,901
2,780,332
4,274,593
1,241,023
1,796,301
248,322
1,573,303
-1,616,483
1,422,342
623,585
966,431
645,551
69,846
788,129
Deferred Taxes & Provisions
3,982,842
1,891,494
122,758
-134,663
-235,733
-643,578
-427,903
-64,435
-1,228,272
-294,389
-139,603
479,272
6,867,063
Cash flow from operations
27,120,298
26,208,997
46,253,513
28,796,946
27,663,908
18,993,236
16,653,642
16,588,917
16,203,038
13,425,367
15,865,709
9,363,388
12,371,415
4,801,162
13,030,030
Investing Activities
capital expenditure
-39,920,560
-26,704,074
-31,108,707
-26,342,092
-21,469,195
-12,843,340
-10,137,834
-9,105,989
-24,274,708
-7,446,226
-7,572,059
-13,767,226
-1,432,164
1,221,040
-4,591,661
Change in Investments
1
-2,155,373
-1,503,624
-1,009,690
7,240,633
cash flow from investments
-39,920,560
-26,704,074
-31,108,707
-26,342,092
-21,469,195
-12,843,340
-10,137,834
-9,105,989
-24,274,708
-7,446,227
-7,572,059
-11,611,853
71,460
2,230,730
-11,832,294
Financing Activities
Bank loans
-1,812,500
1,812,500
-1,812,500
-1,362,500
3,175,000
Group/Directors Accounts
-146,871
-1,538,190
-672,858
2,357,919
Other Short Term Loans
Long term loans
-1,812,500
-1,812,500
-1,812,500
5,437,500
-3,175,000
-5,000,000
3,825,000
4,350,000
Hire Purchase and Lease Commitments
12,369,000
-2,259,924
3,481,955
6,661,561
7,428,837
8,072,631
-502,803
-4,227,516
4,950,797
-41,649
-2,033,489
-1,249,186
2,381,776
4,305,533
18,098,528
other long term liabilities
share issue
238,878
3,529
-3,568,000
22,763,252
interest
-1,833,673
-1,208,039
-942,292
-722,349
-732,402
-698,321
-775,985
-948,765
-691,366
-756,440
-973,265
-1,215,705
-1,212,177
-903,922
-849,854
cash flow from financing
10,535,327
-3,467,963
2,539,663
5,939,212
4,883,935
5,561,810
-1,278,788
-8,801,281
8,573,309
-794,560
-8,006,754
1,213,238
413,409
2,728,753
42,369,845
cash and cash equivalents
cash
-2,264,935
-3,963,040
7,684,469
-1,605,934
1,078,648
-3,288,294
3,424,520
494,147
488,407
198
218
-156,308
60,536
97,936
5,570
overdraft
-1,812,500
1,812,500
-13,232
-5,184,382
713,322
3,034,292
1,450,000
-600,182
600,182
change in cash
-2,264,935
-3,963,040
7,684,469
-1,605,934
1,078,648
-3,288,294
5,237,020
-1,318,353
501,639
5,184,580
-713,104
-3,190,600
-1,389,464
698,118
-594,612
wernick hire 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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The sole shareholder of Wernick Hire Limited is S Wernick & Sons (Holdings) Ltd.
s wernick & sons (holdings) ltd
100%
wernick hire limited directors
Wernick Hire Limited currently has 5 directors.
The longest serving directors include
Mr David Wernick (May 1991) and
Mr Michael Thistlethwaite (Mar 2006).
molineux house russell gardens, wickford, essex, SS11 8QG
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
BURNESS PAUL LLP
wernick hire 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 77 charges/mortgages relating to wernick hire limited. Currently there are 16 open charges and 61 have been satisfied in the past.
wernick hire 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 WERNICK HIRE LIMITED. This can take several minutes, an email will notify you when this has completed.
wernick hire limitedCompanies House Filings - See Documents
