speedy hire plc

speedy hire plc Company Information

Share SPEEDY HIRE PLC
Live 
MatureMegaHealthy

Company Number

00927680

Industry

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

 

Shareholders

undisclosed

Group Structure

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Contact

Registered Address

chase house, 16 the parks, newton le willows, merseyside, WA12 0JQ

speedy hire plc Estimated Valuation

£637.6m

Pomanda estimates the enterprise value of SPEEDY HIRE PLC at £637.6m based on a Turnover of £421.5m and 1.51x industry multiple (adjusted for size and gross margin).

speedy hire plc Estimated Valuation

£569.9m

Pomanda estimates the enterprise value of SPEEDY HIRE PLC at £569.9m based on an EBITDA of £85.4m and a 6.67x industry multiple (adjusted for size and gross margin).

speedy hire plc Estimated Valuation

£400.1m

Pomanda estimates the enterprise value of SPEEDY HIRE PLC at £400.1m based on Net Assets of £175.7m and 2.28x industry multiple (adjusted for liquidity).

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Speedy Hire Plc Overview

Speedy Hire Plc is a live company located in newton le willows, WA12 0JQ with a Companies House number of 00927680. It operates in the renting and leasing of other machinery, equipment and tangible goods n.e.c. sector, SIC Code 77390. Founded in February 1968, it's largest shareholder is undisclosed with a 100% stake. Speedy Hire Plc is a mature, mega sized company, Pomanda has estimated its turnover at £421.5m with healthy growth in recent years.

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Speedy Hire Plc Health Check

Pomanda's financial health check has awarded Speedy Hire Plc a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

5 Regular

positive_score

4 Weak

size

Size

annual sales of £421.5m, make it larger than the average company (£11.2m)

£421.5m - Speedy Hire Plc

£11.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (7.5%)

8% - Speedy Hire Plc

7.5% - Industry AVG

production

Production

with a gross margin of 54.6%, this company has a comparable cost of product (49.3%)

54.6% - Speedy Hire Plc

49.3% - Industry AVG

profitability

Profitability

an operating margin of 3.5% make it less profitable than the average company (12.5%)

3.5% - Speedy Hire Plc

12.5% - Industry AVG

employees

Employees

with 3409 employees, this is above the industry average (67)

3409 - Speedy Hire Plc

67 - Industry AVG

paystructure

Pay Structure

on an average salary of £37.9k, the company has an equivalent pay structure (£45.5k)

£37.9k - Speedy Hire Plc

£45.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £123.6k, this is less efficient (£201.9k)

£123.6k - Speedy Hire Plc

£201.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 81 days, this is later than average (48 days)

81 days - Speedy Hire Plc

48 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 85 days, this is slower than average (50 days)

85 days - Speedy Hire Plc

50 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 22 days, this is in line with average (20 days)

22 days - Speedy Hire Plc

20 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (7 weeks)

1 weeks - Speedy Hire Plc

7 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 64.9%, this is a similar level of debt than the average (64.4%)

64.9% - Speedy Hire Plc

64.4% - Industry AVG

SPEEDY HIRE PLC financials

EXPORTms excel logo

Speedy Hire Plc's latest turnover from March 2024 is £421.5 million and the company has net assets of £175.7 million. According to their latest financial statements, Speedy Hire Plc has 3,409 employees and maintains cash reserves of £4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover421,500,000440,600,000386,800,000332,300,000371,500,000394,700,000373,000,000369,400,000329,100,000386,000,000349,700,000340,400,000329,300,000354,200,000351,100,000
Other Income Or Grants000000000000000
Cost Of Sales191,500,000221,600,000165,700,000147,400,000157,200,000180,300,000168,300,000177,700,000144,900,000175,100,000135,100,000116,400,000108,400,000136,900,000142,700,000
Gross Profit230,000,000219,000,000221,100,000184,900,000214,300,000214,400,000204,700,000191,700,000184,200,000210,900,000214,600,000224,000,000220,900,000217,300,000208,400,000
Admin Expenses215,100,000215,200,000189,500,000172,400,000205,700,000179,600,000182,900,000174,200,000236,800,000204,000,000200,100,000203,600,000208,300,000233,800,000217,000,000
Operating Profit14,900,0003,800,00031,600,00012,500,0008,600,00034,800,00021,800,00017,500,000-52,600,0006,900,00014,500,00020,400,00012,600,000-16,500,000-8,600,000
Interest Payable12,800,0008,600,0005,700,0005,400,00008,000,0004,600,0004,800,0005,700,0006,400,0007,300,0007,600,0009,400,00010,500,00014,200,000
Interest Receivable100,000000000000000031,250
Pre-Tax Profit5,100,0001,800,00029,100,0008,300,00016,100,00028,700,00018,000,00014,400,000-57,600,0002,100,0007,000,00012,800,0003,200,000-27,000,000-22,800,000
Tax-2,400,000-600,000-7,700,000-2,200,000-3,900,000-5,500,000-3,900,000-2,900,0004,900,000-1,900,000-3,000,000-4,100,000-1,500,0007,700,0004,500,000
Profit After Tax2,700,0001,200,00021,400,0006,100,00012,200,00023,200,00014,100,00011,500,000-52,700,000200,0004,000,0008,700,0001,700,000-19,300,000-18,300,000
Dividends Paid11,800,00010,900,00011,300,000010,900,0009,100,0006,100,0003,800,0003,600,0003,400,0002,900,0002,500,0002,100,0002,100,0004,300,000
Retained Profit-9,100,000-9,700,00010,100,0006,100,000-3,300,00014,100,0008,000,0007,700,000-56,300,000-3,200,0001,100,0006,200,000-400,000-40,700,000-22,600,000
Employee Costs129,100,000129,500,000123,300,000109,500,000117,000,000108,200,000102,700,00098,600,00095,100,000107,300,000102,700,000102,500,000103,400,000115,500,000115,500,000
Number Of Employees3,4093,5243,5013,8754,0713,8733,7383,6413,6573,8893,7293,7763,8444,1244,267
EBITDA*85,400,00075,200,00099,300,00081,400,00079,300,00081,500,00065,800,00063,100,00039,100,00055,900,00064,000,00073,500,00060,300,00044,100,00051,600,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets241,900,000246,900,000342,200,000302,600,000335,200,000330,100,000245,200,000241,400,000270,500,000259,600,000260,200,000241,700,000241,000,000219,900,000285,600,000
Intangible Assets137,000,000108,200,00025,900,00024,700,00023,100,00041,700,00010,500,0003,800,0002,100,00048,600,00051,300,00054,200,00058,000,00060,200,00065,700,000
Investments & Other8,800,0009,200,0007,800,0006,200,0007,300,0005,800,0005,100,0005,700,0004,900,0005,200,0004,000,0000000
Debtors (Due After 1 year)001,700,0002,100,0002,800,0000000000000
Total Fixed Assets378,900,000355,100,000366,400,000325,200,000355,500,000371,800,000255,700,000245,200,000272,600,000308,200,000311,500,000295,900,000299,000,000280,100,000351,300,000
Stock & work in progress11,800,00012,700,0008,100,0008,200,0008,700,0009,100,0007,900,0006,600,0006,000,0009,500,00011,800,00012,900,00012,800,00010,200,00011,300,000
Trade Debtors93,900,00097,900,000100,100,00088,500,00095,500,00095,100,00091,700,00083,300,00074,900,000104,100,00086,300,00077,500,00080,600,00090,600,00090,400,000
Group Debtors000000000000000
Misc Debtors8,400,0008,100,0008,600,0004,800,0006,800,0006,600,0008,000,0007,700,00010,300,00010,400,0007,100,0005,600,0007,100,0007,100,0000
Cash4,000,0001,100,0002,500,00011,700,00022,800,00011,500,0009,800,0005,600,0004,400,000200,0002,600,000200,000200,000200,00012,500,000
misc current assets500,0001,200,00000000600,0003,100,0001,900,00000033,400,0000
total current assets121,300,000121,300,000119,300,000114,300,000135,300,000122,300,000117,400,000103,800,00098,700,000126,100,000107,800,00096,200,000100,700,000141,500,000127,200,000
total assets500,200,000476,400,000485,700,000439,500,000490,800,000494,100,000373,100,000349,000,000371,300,000434,300,000419,300,000392,100,000399,700,000421,600,000478,500,000
Bank overdraft1,200,0001,300,00000005,700,0004,100,00001,600,0000100,000200,000900,0000
Bank loan000000000000000
Trade Creditors 44,900,00039,100,00045,300,00049,800,00052,300,00045,900,00045,200,00039,200,00073,900,00040,300,00045,400,00067,800,00037,500,00023,200,00043,300,000
Group/Directors Accounts000000000000000
other short term finances001,700,000500,00001,100,00000700,000000003,400,000
hp & lease commitments22,100,00022,100,00020,600,00016,700,00020,200,00022,300,0000300,000100,0000000200,0000
other current liabilities60,400,00059,400,00055,100,00049,100,00045,000,00049,600,00041,200,00036,600,0002,500,00044,100,00035,300,0005,600,00043,400,00044,500,0000
total current liabilities128,600,000121,900,000122,700,000116,100,000117,500,000118,900,00092,100,00080,200,00077,200,00086,000,00080,700,00073,500,00081,100,00068,800,00080,800,000
loans359,200,000312,400,000248,800,000181,800,000309,600,000319,200,000147,000,000145,200,000108,000,000207,800,000174,000,000145,000,000152,600,000226,000,0000
hp & lease commitments75,500,00064,000,00056,100,00046,500,00052,700,00060,100,000001,100,000000000
Accruals and Deferred Income000000000000000
other liabilities0000000200,000800,000700,0001,200,0000000
provisions32,600,00027,400,00024,400,00023,400,00017,200,00027,200,00019,400,00012,800,00016,000,00019,400,00022,200,00022,400,00025,600,00020,800,0000
total long term liabilities195,900,000169,900,000136,600,000102,600,000163,400,000173,200,00083,200,00079,200,000115,700,000114,300,00099,300,00083,700,00089,100,000123,400,000151,100,000
total liabilities324,500,000291,800,000259,300,000218,700,000280,900,000292,100,000175,300,000159,400,000192,900,000200,300,000180,000,000157,200,000170,200,000192,200,000231,900,000
net assets175,700,000184,600,000226,400,000220,800,000209,900,000202,000,000197,800,000189,600,000178,400,000234,000,000239,300,000234,900,000229,500,000229,400,000246,600,000
total shareholders funds175,700,000184,600,000226,400,000220,800,000209,900,000202,000,000197,800,000189,600,000178,400,000234,000,000239,300,000234,900,000229,500,000229,400,000246,600,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit14,900,0003,800,00031,600,00012,500,0008,600,00034,800,00021,800,00017,500,000-52,600,0006,900,00014,500,00020,400,00012,600,000-16,500,000-8,600,000
Depreciation40,500,00043,000,00066,700,00068,100,00069,400,00046,000,00043,800,00043,800,00043,100,00046,300,00046,600,00049,100,00043,600,00055,100,00060,200,000
Amortisation30,000,00028,400,0001,000,000800,0001,300,000700,000200,0001,800,00048,600,0002,700,0002,900,0004,000,0004,100,0005,500,0000
Tax-2,400,000-600,000-7,700,000-2,200,000-3,900,000-5,500,000-3,900,000-2,900,0004,900,000-1,900,000-3,000,000-4,100,000-1,500,0007,700,0004,500,000
Stock-900,0004,600,000-100,000-500,000-400,0001,200,0001,300,000600,000-3,500,000-2,300,000-1,100,000100,0002,600,000-1,100,00011,300,000
Debtors-3,700,000-4,400,00015,000,000-9,700,0003,400,0002,000,0008,700,0005,800,000-29,300,00021,100,00010,300,000-4,600,000-10,000,0007,300,00090,400,000
Creditors5,800,000-6,200,000-4,500,000-2,500,0006,400,000700,0006,000,000-34,700,00033,600,000-5,100,000-22,400,00030,300,00014,300,000-20,100,00043,300,000
Accruals and Deferred Income1,000,0004,300,0006,000,0004,100,000-4,600,0008,400,0004,600,00034,100,000-41,600,0008,800,00029,700,000-37,800,000-1,100,00044,500,0000
Deferred Taxes & Provisions5,200,0003,000,0001,000,0006,200,000-10,000,0007,800,0006,600,000-3,200,000-3,400,000-2,800,000-200,000-3,200,0004,800,00020,800,0000
Cash flow from operations99,600,00075,500,00079,200,00097,200,00064,200,00089,700,00069,100,00050,000,00065,400,00036,100,00058,900,00063,200,00084,200,00090,800,000-2,300,000
Investing Activities
capital expenditure-94,300,000-58,400,000-108,500,000-37,900,000-57,200,000-162,800,000-54,500,000-18,200,000-56,100,000-45,700,000-65,100,000-50,000,000-66,600,00010,600,000-411,500,000
Change in Investments-400,0001,400,0001,600,000-1,100,0001,500,000700,000-600,000800,000-300,0001,200,0004,000,0000000
cash flow from investments-93,900,000-59,800,000-110,100,000-36,800,000-58,700,000-163,500,000-53,900,000-19,000,000-55,800,000-46,900,000-69,100,000-50,000,000-66,600,00010,600,000-411,500,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 0-1,700,0001,200,000500,000-1,100,0001,100,0000-700,000700,0000000-3,400,0003,400,000
Long term loans46,800,00063,600,00067,000,000-127,800,000-9,600,000172,200,0001,800,00037,200,000-99,800,00033,800,00029,000,000-7,600,000-73,400,000226,000,0000
Hire Purchase and Lease Commitments11,500,0009,400,00013,500,000-9,700,000-9,500,00082,400,000-300,000-900,0001,200,000000-200,000200,0000
other long term liabilities000000-200,000-600,000100,000-500,0001,200,0000000
share issue200,000-32,100,000-4,500,0004,800,00011,200,000-9,900,000200,0003,500,000700,000-2,100,0003,300,000-800,000500,00023,500,000269,200,000
interest-12,700,000-8,600,000-5,700,000-5,400,0000-8,000,000-4,600,000-4,800,000-5,700,000-6,400,000-7,300,000-7,600,000-9,400,000-10,500,000-14,168,750
cash flow from financing45,800,00030,600,00071,500,000-137,600,000-9,000,000237,800,000-3,100,00033,700,000-102,800,00024,800,00026,200,000-16,000,000-82,500,000235,800,000258,431,250
cash and cash equivalents
cash2,900,000-1,400,000-9,200,000-11,100,00011,300,0001,700,0004,200,0001,200,0004,200,000-2,400,0002,400,00000-12,300,00012,500,000
overdraft-100,0001,300,000000-5,700,0001,600,0004,100,000-1,600,0001,600,000-100,000-100,000-700,000900,0000
change in cash3,000,000-2,700,000-9,200,000-11,100,00011,300,0007,400,0002,600,000-2,900,0005,800,000-4,000,0002,500,000100,000700,000-13,200,00012,500,000

speedy hire 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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Speedy Hire Plc Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for speedy hire plc by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in WA12 area or any other competitors across 12 key performance metrics.

speedy hire plc directors

Speedy Hire Plc currently has 8 directors. The longest serving directors include Mr Robert Barclay (Apr 2016) and Mr David Shearer (Sep 2016).

officercountryagestartendrole
Mr Robert BarclayUnited Kingdom55 years Apr 2016- Director
Mr David Shearer65 years Sep 2016- Director
Mr David GarmanEngland73 years Jun 2017- Director
Ms Rhian Bartlett52 years Jun 2019- Director
Mr Shatish Dasani62 years Feb 2021- Director
Ms Carol KavanaghUnited Kingdom62 years Jun 2021- Director
Mr Daniel EvansUnited Kingdom39 years Oct 2022- Director
Mr Paul Rayner63 years Jul 2023- Director

P&L

March 2024

turnover

421.5m

-4%

operating profit

14.9m

+292%

gross margin

54.6%

+9.78%

turnover

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

Balance Sheet

March 2024

net assets

175.7m

-0.05%

total assets

500.2m

+0.05%

cash

4m

+2.64%

net assets

Total assets minus all liabilities

speedy hire plc company details

company number

00927680

Type

Public limited with Share Capital

industry

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

incorporation date

February 1968

age

56

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

March 2024

previous names

allen plc (September 2001)

allen holdings (uk) limited (May 1989)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

chase house, 16 the parks, newton le willows, merseyside, WA12 0JQ

Bank

BARCLAYS BANK PLC

Legal Advisor

-

speedy hire 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 34 charges/mortgages relating to speedy hire plc. Currently there are 8 open charges and 26 have been satisfied in the past.

speedy hire plc 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 SPEEDY HIRE PLC. This can take several minutes, an email will notify you when this has completed.

speedy hire plc Companies House Filings - See Documents

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