Ward Bros. (plant Hire) Limited

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ward bros. (plant hire) limited Company Information

Live

MatureMidHigh

Company Number

01006015

Website

www.wardbros.co.uk

Registered Address

thistle road,, littleburn ind. estate,, langley moor,, co.durham, DH7 8HZ

Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Recovery of sorted materials

Telephone

01916660167

Next Accounts Due

January 2025

Group Structure

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Directors

Angus Ward53 Years

John Ward53 Years

Shareholders

angus moffat ward 45.7%

john stewart ward 45.7%

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ward bros. (plant hire) limited Estimated Valuation

£12.7m

Pomanda estimates the enterprise value of WARD BROS. (PLANT HIRE) LIMITED at £12.7m based on Net Assets of £4.5m and 2.82x industry multiple (adjusted for liquidity).

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Ward Bros. (plant Hire) Limited is a live company located in langley moor,, DH7 8HZ with a Companies House number of 01006015. It operates in the recovery of sorted materials sector, SIC Code 38320. Founded in March 1971, it's largest shareholder is angus moffat ward with a 45.7% stake. Ward Bros. (plant Hire) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.3m with high growth in recent years.

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Pomanda's financial health check has awarded Ward Bros. (Plant Hire) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £8.3m, make it smaller than the average company (£10.6m)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (8.5%)

EXPORT

Ward Bros. (Plant Hire) Limited's latest turnover from April 2023 is estimated at £8.3 million and the company has net assets of £4.5 million. According to their latest financial statements, Ward Bros. (Plant Hire) Limited has 38 employees and maintains cash reserves of £413.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	8,252,757	6,929,764	5,628,258	5,079,673	5,480,021	5,687,775	5,292,152	4,702,974	7,265,681	7,699,996	7,611,491	6,906,576	3,831,916	4,960,639
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,374,990	5,262,381	4,356,213	3,917,352	4,210,275	4,348,506	4,001,334	3,631,962	5,698,284	6,034,561	5,931,018	5,273,503	2,866,185	3,753,039
Gross Profit	1,877,767	1,667,383	1,272,045	1,162,320	1,269,746	1,339,269	1,290,818	1,071,012	1,567,397	1,665,436	1,680,473	1,633,074	965,731	1,207,600
Admin Expenses	472,869	1,010,877	869,347	1,701,850	708,532	804,891	850,364	579,301	1,207,058	1,434,372	1,398,884	1,411,328	850,542	1,763,442
Operating Profit	1,404,898	656,506	402,698	-539,530	561,214	534,378	440,454	491,711	360,339	231,064	281,589	221,746	115,189	-555,842
Interest Payable	15,160	11,280	11,264	10,112	4,693	0	5,303	5,515	0	0	0	0	274,492	254,704
Interest Receivable	19,307	3,477	286	238	2,504	1,000	567	1,885	959	399	1,315	2,211	0	0
Pre-Tax Profit	1,409,045	648,704	391,721	-549,404	559,025	535,378	435,719	488,080	361,298	231,463	282,904	223,957	12,849	-1,027,140
Tax	-352,261	-123,254	-74,427	0	-106,215	-101,722	-82,787	-97,616	-72,259	-48,607	-65,068	-53,750	-60,215	466,074
Profit After Tax	1,056,784	525,450	317,294	-549,404	452,810	433,656	352,932	390,464	289,038	182,856	217,836	170,207	-47,366	-561,066
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,056,784	525,450	317,294	-549,404	452,810	433,656	352,932	390,464	289,038	182,856	217,836	170,207	-47,366	-561,066
Employee Costs	1,572,712	1,308,468	1,313,039	1,385,904	1,452,816	1,470,866	1,324,899	1,219,575	1,281,047	1,281,681	1,251,909	1,269,611	1,298,582	1,781,046
Number Of Employees	38	34	36	37	39	40	38	36	38	38	38	38	36	53
EBITDA*	1,769,167	968,856	737,034	-191,487	909,317	845,438	677,565	697,875	545,316	423,017	461,768	382,644	295,702	872,154

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	4,208,858	3,605,860	3,056,392	3,055,709	3,379,366	3,209,644	2,579,697	1,930,369	1,746,902	1,883,397	1,703,527	1,952,003	1,639,349	4,780,429
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	214,745	214,745	214,745	214,745	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	4,423,603	3,820,605	3,271,137	3,270,454	3,379,366	3,209,644	2,579,697	1,930,369	1,746,902	1,883,397	1,703,527	1,952,003	1,639,349	4,780,429
Stock & work in progress	250,670	89,050	65,100	64,123	83,580	39,706	90,330	89,450	68,328	72,094	66,390	50,422	50,573	95,080
Trade Debtors	1,548,304	1,476,323	1,242,879	1,074,221	1,156,576	1,235,408	1,091,145	889,662	1,163,647	1,229,598	1,028,900	708,553	558,949	742,577
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	744,431	168,304	149,287	152,206	456,928	425,298	376,751	310,231	0	0	0	0	84,299	320,585
Cash	413,621	494,927	432,325	140,023	335,157	332,502	67,505	386,389	367,443	16,061	143,519	382,566	501,784	147
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,957,026	2,228,604	1,889,591	1,430,573	2,032,241	2,032,914	1,625,731	1,675,732	1,599,418	1,317,753	1,238,809	1,141,541	1,195,605	1,158,389
total assets	7,380,629	6,049,209	5,160,728	4,701,027	5,411,607	5,242,558	4,205,428	3,606,101	3,346,320	3,201,150	2,942,336	3,093,544	2,834,954	5,938,818
Bank overdraft	0	0	0	0	11,400	0	0	0	0	0	0	0	0	398,341
Bank loan	18,000	18,000	18,000	18,000	0	0	0	0	0	0	0	0	0	67,333
Trade Creditors	445,589	468,987	344,612	231,011	217,040	303,623	335,256	294,956	1,074,161	1,246,379	1,494,385	1,663,615	1,581,083	385,552
Group/Directors Accounts	53,225	103,685	60,067	301,255	0	0	0	0	0	0	0	0	0	230,318
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	145,608
hp & lease commitments	415,001	362,889	326,113	316,787	0	0	0	0	177,967	167,733	117,333	126,706	164,596	905,308
other current liabilities	599,731	287,814	218,810	195,714	887,340	965,734	774,712	935,672	0	0	0	0	0	1,433,604
total current liabilities	1,531,546	1,241,375	967,602	1,062,767	1,115,780	1,269,357	1,109,968	1,230,628	1,252,128	1,414,112	1,611,718	1,790,321	1,745,679	3,566,064
loans	120,387	139,410	158,805	174,491	127,645	0	0	169,706	0	0	0	0	0	166,024
hp & lease commitments	388,205	544,492	582,277	510,160	0	0	0	0	0	0	57,333	208,666	157,307	765,969
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	712,659	947,915	512,457	0	284,226	300,593	0	0	0	0
provisions	851,965	692,190	545,752	364,611	317,121	339,694	331,067	306,763	301,426	266,943	235,919	237,813	243,216	524,292
total long term liabilities	1,360,557	1,376,092	1,286,834	1,049,262	1,157,425	1,287,609	843,524	476,469	585,652	567,536	293,252	446,479	400,523	1,456,285
total liabilities	2,892,103	2,617,467	2,254,436	2,112,029	2,273,205	2,556,966	1,953,492	1,707,097	1,837,780	1,981,648	1,904,970	2,236,800	2,146,202	5,022,349
net assets	4,488,526	3,431,742	2,906,292	2,588,998	3,138,402	2,685,592	2,251,936	1,899,004	1,508,540	1,219,502	1,037,366	856,744	688,752	916,469
total shareholders funds	4,488,526	3,431,742	2,906,292	2,588,998	3,138,402	2,685,592	2,251,936	1,899,004	1,508,540	1,219,502	1,037,366	856,744	688,752	916,469

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	1,404,898	656,506	402,698	-539,530	561,214	534,378	440,454	491,711	360,339	231,064	281,589	221,746	115,189	-555,842
Depreciation	364,269	312,350	334,336	348,043	348,103	311,060	237,111	206,164	184,977	191,953	180,179	160,898	180,513	1,427,996
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-352,261	-123,254	-74,427	0	-106,215	-101,722	-82,787	-97,616	-72,259	-48,607	-65,068	-53,750	-60,215	466,074
Stock	161,620	23,950	977	-19,457	43,874	-50,624	880	21,122	-3,766	5,704	15,968	-151	-44,507	95,080
Debtors	648,108	252,461	165,739	-387,077	-47,202	192,810	268,003	36,246	-65,951	200,698	320,347	65,305	-419,914	1,063,162
Creditors	-23,398	124,375	113,601	13,971	-86,583	-31,633	40,300	-779,205	-172,218	-248,006	-169,230	82,532	1,195,531	385,552
Accruals and Deferred Income	311,917	69,004	23,096	-691,626	-78,394	191,022	-160,960	935,672	0	0	0	0	-1,433,604	1,433,604
Deferred Taxes & Provisions	159,775	146,438	181,141	47,490	-22,573	8,627	24,304	5,337	34,483	31,024	-1,894	-5,403	-281,076	524,292
Cash flow from operations	1,055,472	909,008	813,729	-415,118	618,880	769,546	229,539	704,695	405,039	-48,974	-110,739	340,869	180,759	2,523,434
Investing Activities
capital expenditure	-967,267	-861,818	-335,019	-24,386	-517,825	-941,007	-886,439	-389,631	-48,482	-371,823	68,297	-473,552	3,132,719	-898,121
Change in Investments	0	0	0	214,745	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-967,267	-861,818	-335,019	-239,131	-517,825	-941,007	-886,439	-389,631	-48,482	-371,823	68,297	-473,552	3,132,719	-898,121
Financing Activities
Bank loans	0	0	0	18,000	0	0	0	0	0	0	0	0	-67,333	67,333
Group/Directors Accounts	-50,460	43,618	-241,188	301,255	0	0	0	0	0	0	0	0	-230,318	230,318
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	-145,608	145,608
Long term loans	-19,023	-19,395	-15,686	46,846	127,645	0	-169,706	169,706	0	0	0	0	-166,024	166,024
Hire Purchase and Lease Commitments	-104,175	-1,009	81,443	826,947	0	0	0	-177,967	10,234	-6,933	-160,706	13,469	-1,349,374	1,671,277
other long term liabilities	0	0	0	-712,659	-235,256	435,458	512,457	-284,226	-16,367	300,593	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	-720	-37,214	-2,215	-180,351	1,477,535
interest	4,147	-7,803	-10,978	-9,874	-2,189	1,000	-4,736	-3,630	959	399	1,315	2,211	-274,492	-254,704
cash flow from financing	-169,511	15,411	-186,409	470,515	-109,800	436,458	338,015	-296,117	-5,174	293,339	-196,605	13,465	-2,413,500	3,503,391
cash and cash equivalents
cash	-81,306	62,602	292,302	-195,134	2,655	264,997	-318,884	18,946	351,382	-127,458	-239,047	-119,218	501,637	147
overdraft	0	0	0	-11,400	11,400	0	0	0	0	0	0	0	-398,341	398,341
change in cash	-81,306	62,602	292,302	-183,734	-8,745	264,997	-318,884	18,946	351,382	-127,458	-239,047	-119,218	899,978	-398,194

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for ward bros. (plant hire) limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other mid companies, companies in DH7 area or any other competitors across 12 key performance metrics.

WARD BROS. (PLANT HIRE) LIMITED group structure

Ward Bros. (Plant Hire) Limited has no subsidiary companies.

Ultimate parent company

WARD BROS. (PLANT HIRE) LIMITED

01006015

WARD BROS. (PLANT HIRE) LIMITED Shareholders

angus moffat ward	45.72%
john stewart ward	45.71%
anthony william plumb	8.57%

Ward Bros. (Plant Hire) Limited currently has 2 directors. The longest serving directors include Mr Angus Ward (Apr 1971) and Mr John Ward (Apr 1971).

officer	country	age	start	end	role
Mr Angus Ward	England	83 years	Apr 1971	-	Director
Mr John Ward		75 years	Apr 1971	-	Director

P&L

April 2023

turnover

8.3m

+19%

operating profit

1.4m

gross margin

22.8%

-5.44%

turnover

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

Balance Sheet

April 2023

net assets

4.5m

+0.31%

total assets

7.4m

+0.22%

cash

413.6k

-0.16%

net assets

Total assets minus all liabilities

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company number

01006015

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

38320 - Recovery of sorted materials

incorporation date

March 1971

accounts

Total Exemption Full

ultimate parent company

None

previous names

ian ward plant hire limited (December 1977)

last accounts submitted

April 2023

address

thistle road,, littleburn ind. estate,, langley moor,, co.durham, DH7 8HZ

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 30 charges/mortgages relating to ward bros. (plant hire) limited. Currently there are 3 open charges and 27 have been satisfied in the past.

ward bros. (plant hire) limited Company Information

ward bros. (plant hire) limited Estimated Valuation

ward bros. (plant hire) limited Estimated Valuation

ward bros. (plant hire) limited Estimated Valuation

Ward Bros. (plant Hire) Limited Overview

Ward Bros. (plant Hire) Limited Health Check

WARD BROS. (PLANT HIRE) LIMITED financials

ward bros. (plant hire) limited Credit Report and Business Information

Ward Bros. (plant Hire) Limited Competitor Analysis

ward bros. (plant hire) limited Ownership

ward bros. (plant hire) limited directors

ward bros. (plant hire) limited company details

ward bros. (plant hire) limited Charges & Mortgages

ward bros. (plant hire) limited Companies House Filings - See Documents