midland hire and leasing ltd
midland hire and leasing ltd Company Information
Company Number
00837981
Next Accounts
Sep 2025
Directors
Shareholders
kiely bros holdings ltd
Group Structure
View All
Industry
Renting and leasing of trucks
Registered Address
135 cherrywood road, bordesley green, birmingham, B9 4XE
Website
http://kielybros.co.ukmidland hire and leasing ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDLAND HIRE AND LEASING LTD at £28.9k based on a Turnover of £88.9k and 0.33x industry multiple (adjusted for size and gross margin).
midland hire and leasing ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDLAND HIRE AND LEASING LTD at £8.4k based on an EBITDA of £6k and a 1.4x industry multiple (adjusted for size and gross margin).
midland hire and leasing ltd Estimated Valuation
Pomanda estimates the enterprise value of MIDLAND HIRE AND LEASING LTD at £0 based on Net Assets of £-304.8k and 2.3x industry multiple (adjusted for liquidity).
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Midland Hire And Leasing Ltd Overview
Midland Hire And Leasing Ltd is a live company located in birmingham, B9 4XE with a Companies House number of 00837981. It operates in the renting and leasing of trucks and other heavy vehicles sector, SIC Code 77120. Founded in February 1965, it's largest shareholder is kiely bros holdings ltd with a 100% stake. Midland Hire And Leasing Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £88.9k with declining growth in recent years.
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Midland Hire And Leasing Ltd Health Check
Pomanda's financial health check has awarded Midland Hire And Leasing Ltd a 0.5 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
0 Strong
1 Regular
8 Weak
Size
annual sales of £88.9k, make it smaller than the average company (£13.3m)
£88.9k - Midland Hire And Leasing Ltd
£13.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -33%, show it is growing at a slower rate (6.9%)
-33% - Midland Hire And Leasing Ltd
6.9% - Industry AVG
Production
with a gross margin of 0.7%, this company has a higher cost of product (31.3%)
0.7% - Midland Hire And Leasing Ltd
31.3% - Industry AVG
Profitability
an operating margin of 6.7% make it less profitable than the average company (15.2%)
6.7% - Midland Hire And Leasing Ltd
15.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (35)
1 - Midland Hire And Leasing Ltd
35 - Industry AVG
Pay Structure
on an average salary of £44.3k, the company has an equivalent pay structure (£44.3k)
- Midland Hire And Leasing Ltd
£44.3k - Industry AVG
Efficiency
resulting in sales per employee of £88.9k, this is less efficient (£392.8k)
£88.9k - Midland Hire And Leasing Ltd
£392.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Midland Hire And Leasing Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Midland Hire And Leasing Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Midland Hire And Leasing Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (12 weeks)
1 weeks - Midland Hire And Leasing Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 322.2%, this is a higher level of debt than the average (68%)
322.2% - Midland Hire And Leasing Ltd
68% - Industry AVG
MIDLAND HIRE AND LEASING LTD financials
Midland Hire And Leasing Ltd's latest turnover from December 2023 is £88.9 thousand and the company has net assets of -£304.8 thousand. According to their latest financial statements, Midland Hire And Leasing Ltd has 1 employee and maintains cash reserves of £13 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 88,908 | 61,500 | 83,000 | 291,500 | 1,141,000 | 995,500 | 921,500 | 844,000 | 508,500 | ||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 88,330 | 58,818 | 76,976 | 291,533 | 1,123,265 | 981,294 | 915,552 | 695,406 | 412,807 | ||||||
| Gross Profit | 578 | 2,682 | 6,024 | -33 | 17,735 | 14,206 | 5,948 | 148,594 | 95,693 | ||||||
| Admin Expenses | -5,390 | -3,335 | -2,037 | -2,788 | 4,319 | 5,137 | -2,185 | -533 | -171 | ||||||
| Operating Profit | 5,968 | 6,017 | 8,061 | 2,755 | 13,416 | 9,069 | 8,133 | 149,127 | 95,864 | ||||||
| Interest Payable | 54 | 1,580 | 137 | 291 | |||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 5,914 | 4,437 | 7,924 | 2,464 | 13,416 | 9,069 | 8,133 | 149,127 | 95,864 | ||||||
| Tax | 1,508 | -1,506 | -489 | -2,583 | -1,655 | -1,760 | -29,852 | -19,173 | |||||||
| Profit After Tax | 5,914 | 5,945 | 6,418 | 1,975 | 10,833 | 7,414 | 6,373 | 119,275 | 76,691 | ||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | 5,914 | 5,945 | 6,418 | 1,975 | 10,833 | 7,414 | 6,373 | 119,275 | 76,691 | ||||||
| Employee Costs | 172,172 | 133,158 | 132,368 | 128,780 | 21,249 | ||||||||||
| Number Of Employees | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | ||||||
| EBITDA* | 5,968 | 6,017 | 8,061 | 2,755 | 13,416 | 9,069 | 8,133 | 149,127 | 95,864 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | |||||||||||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 113,400 | ||||||||||||||
| Group Debtors | 124,122 | 126,915 | 119,173 | 251,366 | 571,225 | 465,374 | 497,774 | 527,574 | |||||||
| Misc Debtors | |||||||||||||||
| Cash | 13,028 | 11,636 | 10,479 | 4,525 | 9,525 | 7,346 | 10,587 | 20,814 | 6,287 | ||||||
| misc current assets | |||||||||||||||
| total current assets | 137,150 | 138,551 | 129,652 | 255,891 | 580,750 | 472,720 | 508,361 | 548,388 | 119,687 | ||||||
| total assets | 137,150 | 138,551 | 129,652 | 255,891 | 580,750 | 472,720 | 508,361 | 548,388 | 119,687 | ||||||
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 320,835 | 228,833 | 247,513 | 247,248 | 186,905 | ||||||||||
| Group/Directors Accounts | 430,234 | 430,234 | 430,234 | 545,634 | 545,634 | 545,634 | 545,634 | 545,634 | 343,234 | ||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 11,713 | 19,028 | 16,073 | 33,330 | 39,329 | 34,134 | 58,509 | 105,174 | 58,491 | ||||||
| total current liabilities | 441,947 | 449,262 | 446,307 | 578,964 | 905,798 | 808,601 | 851,656 | 898,056 | 588,630 | ||||||
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 441,947 | 449,262 | 446,307 | 578,964 | 905,798 | 808,601 | 851,656 | 898,056 | 588,630 | ||||||
| net assets | -304,797 | -310,711 | -316,655 | -323,073 | -325,048 | -335,881 | -343,295 | -349,668 | -468,943 | ||||||
| total shareholders funds | -304,797 | -310,711 | -316,655 | -323,073 | -325,048 | -335,881 | -343,295 | -349,668 | -468,943 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 5,968 | 6,017 | 8,061 | 2,755 | 13,416 | 9,069 | 8,133 | 149,127 | 95,864 | ||||||
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | 1,508 | -1,506 | -489 | -2,583 | -1,655 | -1,760 | -29,852 | -19,173 | |||||||
| Stock | |||||||||||||||
| Debtors | -2,793 | 7,742 | -132,193 | -319,859 | 105,851 | -32,400 | -29,800 | 414,174 | 113,400 | ||||||
| Creditors | -320,835 | 92,002 | -18,680 | 265 | 60,343 | 186,905 | |||||||||
| Accruals and Deferred Income | -7,315 | 2,955 | -17,257 | -5,999 | 5,195 | -24,375 | -46,665 | 46,683 | 58,491 | ||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 1,446 | 2,738 | 121,491 | -4,709 | 2,179 | -3,241 | -10,227 | -187,873 | 208,687 | ||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -115,400 | 202,400 | 343,234 | ||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -54 | -1,580 | -137 | -291 | |||||||||||
| cash flow from financing | -54 | -1,581 | -115,537 | -291 | 202,400 | -202,400 | |||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 1,392 | 1,157 | 5,954 | -5,000 | 2,179 | -3,241 | -10,227 | 14,527 | 6,287 | ||||||
| overdraft | |||||||||||||||
| change in cash | 1,392 | 1,157 | 5,954 | -5,000 | 2,179 | -3,241 | -10,227 | 14,527 | 6,287 |
midland hire and leasing ltd Credit Report and Business Information
Midland Hire And Leasing Ltd Competitor Analysis
Perform a competitor analysis for midland hire and leasing ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in B 9 area or any other competitors across 12 key performance metrics.
midland hire and leasing ltd Ownership
MIDLAND HIRE AND LEASING LTD group structure
Midland Hire And Leasing Ltd has no subsidiary companies.
Ultimate parent company
1 parent
MIDLAND HIRE AND LEASING LTD
00837981
midland hire and leasing ltd directors
Midland Hire And Leasing Ltd currently has 1 director, Mr Thomas O'Donnell serving since Dec 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas O'Donnell | 64 years | Dec 2014 | - | Director |
P&L
December 2023turnover
88.9k
+45%
operating profit
6k
-1%
gross margin
0.7%
-85.09%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-304.8k
-0.02%
total assets
137.2k
-0.01%
cash
13k
+0.12%
net assets
Total assets minus all liabilities
midland hire and leasing ltd company details
company number
00837981
Type
Private limited with Share Capital
industry
77120 - Renting and leasing of trucks
incorporation date
February 1965
age
60
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
kiely bros. (tar drives) limited (January 2013)
accountant
-
auditor
MHA
address
135 cherrywood road, bordesley green, birmingham, B9 4XE
Bank
-
Legal Advisor
-
midland hire and leasing ltd 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 5 charges/mortgages relating to midland hire and leasing ltd. Currently there are 1 open charges and 4 have been satisfied in the past.
midland hire and leasing ltd 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 MIDLAND HIRE AND LEASING LTD. This can take several minutes, an email will notify you when this has completed.
midland hire and leasing ltd Companies House Filings - See Documents
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