hirus vehicles limited
hirus vehicles limited Company Information
Company Number
01109140
Website
www.hirus.co.ukRegistered Address
c/o edge recovery limited, 5-7 ravensbourne road, bromley, BR1 1HN
Industry
Development of building projects
Telephone
01923245354
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
mr jack frederick jeffery 50%
mr mark frederick jeffery 50%
hirus vehicles limited Estimated Valuation
Pomanda estimates the enterprise value of HIRUS VEHICLES LIMITED at £454.3k based on a Turnover of £934.7k and 0.49x industry multiple (adjusted for size and gross margin).
hirus vehicles limited Estimated Valuation
Pomanda estimates the enterprise value of HIRUS VEHICLES LIMITED at £0 based on an EBITDA of £-50k and a 3.68x industry multiple (adjusted for size and gross margin).
hirus vehicles limited Estimated Valuation
Pomanda estimates the enterprise value of HIRUS VEHICLES LIMITED at £2.4m based on Net Assets of £1.6m and 1.47x industry multiple (adjusted for liquidity).
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Hirus Vehicles Limited Overview
Hirus Vehicles Limited is a dissolved company that was located in bromley, BR1 1HN with a Companies House number of 01109140. It operated in the development of building projects sector, SIC Code 41100. Founded in April 1973, it's largest shareholder was mr jack frederick jeffery with a 50% stake. The last turnover for Hirus Vehicles Limited was estimated at £934.7k.
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Hirus Vehicles Limited Health Check
Pomanda's financial health check has awarded Hirus Vehicles Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £934.7k, make it smaller than the average company (£2m)
- Hirus Vehicles Limited
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (0.2%)
- Hirus Vehicles Limited
0.2% - Industry AVG
Production
with a gross margin of 23%, this company has a comparable cost of product (23%)
- Hirus Vehicles Limited
23% - Industry AVG
Profitability
an operating margin of -15.8% make it less profitable than the average company (9.1%)
- Hirus Vehicles Limited
9.1% - Industry AVG
Employees
with 10 employees, this is above the industry average (6)
10 - Hirus Vehicles Limited
6 - Industry AVG
Pay Structure
on an average salary of £44.5k, the company has an equivalent pay structure (£44.5k)
- Hirus Vehicles Limited
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £93.5k, this is less efficient (£265.9k)
- Hirus Vehicles Limited
£265.9k - Industry AVG
Debtor Days
it gets paid by customers after 25 days, this is earlier than average (34 days)
- Hirus Vehicles Limited
34 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (31 days)
- Hirus Vehicles Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Hirus Vehicles Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 122 weeks, this is more cash available to meet short term requirements (13 weeks)
122 weeks - Hirus Vehicles Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 17.7%, this is a lower level of debt than the average (76.4%)
17.7% - Hirus Vehicles Limited
76.4% - Industry AVG
HIRUS VEHICLES LIMITED financials
Hirus Vehicles Limited's latest turnover from August 2021 is estimated at £934.7 thousand and the company has net assets of £1.6 million. According to their latest financial statements, Hirus Vehicles Limited has 10 employees and maintains cash reserves of £396.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | |||||||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | |||||||||||||
| Interest Payable | |||||||||||||
| Interest Receivable | |||||||||||||
| Pre-Tax Profit | |||||||||||||
| Tax | |||||||||||||
| Profit After Tax | |||||||||||||
| Dividends Paid | |||||||||||||
| Retained Profit | |||||||||||||
| Employee Costs | |||||||||||||
| Number Of Employees | 10 | 11 | 10 | 8 | 7 | 6 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,505,371 | 1,862,218 | 1,789,014 | 1,685,063 | 468,038 | 524,397 | 437,950 | 407,112 | 406,090 | 375,332 | 337,766 | 308,084 | 330,397 |
| 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 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 260,366 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,505,371 | 1,862,218 | 1,789,014 | 1,685,063 | 728,404 | 524,397 | 437,950 | 407,112 | 406,090 | 375,332 | 337,766 | 308,084 | 330,397 |
| Stock & work in progress | 0 | 2,000 | 2,000 | 1,886 | 3,750 | 3,750 | 3,750 | 3,750 | 1,500 | 1,500 | 1,500 | 1,500 | 1,500 |
| Trade Debtors | 64,808 | 69,474 | 46,723 | 49,257 | 51,335 | 20,608 | 20,544 | 30,304 | 16,793 | 16,415 | 16,431 | 15,732 | 20,268 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 36,760 | 1 | 128,429 | 341,744 | 1,892 | 15,663 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 396,549 | 201,004 | 377,792 | 567,674 | 2,303,664 | 73,068 | 133,909 | 98,464 | 76,652 | 117,629 | 154,586 | 188,627 | 134,858 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 7,083 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 498,117 | 272,479 | 554,944 | 960,561 | 2,360,641 | 113,089 | 165,286 | 132,518 | 94,945 | 135,544 | 172,517 | 205,859 | 156,626 |
| total assets | 2,003,488 | 2,134,697 | 2,343,958 | 2,645,624 | 3,089,045 | 637,486 | 603,236 | 539,630 | 501,035 | 510,876 | 510,283 | 513,943 | 487,023 |
| Bank overdraft | 19,425 | 9,041 | 21,545 | 76,566 | 95,298 | 52,150 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 638 | 48,815 | 6,111 | 3,504 | 1,938 | 402 | 117,085 | 95,427 | 19,835 | 18,089 | 14,607 | 38,414 | 36,996 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 148,279 | 158,133 | 122,278 | 42,619 | 97,252 | 63,339 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 168,342 | 215,989 | 149,934 | 122,689 | 194,488 | 115,891 | 117,085 | 95,427 | 19,835 | 18,089 | 14,607 | 38,414 | 36,996 |
| loans | 52,529 | 72,787 | 0 | 21,544 | 98,110 | 71,324 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 3,142 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 31,816 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 132,700 | 43,500 | 123,900 | 179,000 | 460,000 | 32,000 | 20,800 | 21,500 | 12,000 | 0 | 0 | 0 | 0 |
| total long term liabilities | 185,229 | 116,287 | 123,900 | 200,544 | 558,110 | 103,324 | 55,758 | 21,500 | 12,000 | 0 | 0 | 0 | 0 |
| total liabilities | 353,571 | 332,276 | 273,834 | 323,233 | 752,598 | 219,215 | 172,843 | 116,927 | 31,835 | 18,089 | 14,607 | 38,414 | 36,996 |
| net assets | 1,649,917 | 1,802,421 | 2,070,124 | 2,322,391 | 2,336,447 | 418,271 | 430,393 | 422,703 | 469,200 | 492,787 | 495,676 | 475,529 | 450,027 |
| total shareholders funds | 1,649,917 | 1,802,421 | 2,070,124 | 2,322,391 | 2,336,447 | 418,271 | 430,393 | 422,703 | 469,200 | 492,787 | 495,676 | 475,529 | 450,027 |
| Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 98,150 | 120,463 | 125,794 | 113,608 | 80,557 | 121,036 | 93,750 | 81,821 | 77,513 | 68,811 | 54,807 | 43,358 | 49,138 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||||
| Stock | -2,000 | 0 | 114 | -1,864 | 0 | 0 | 0 | 2,250 | 0 | 0 | 0 | 0 | 1,500 |
| Debtors | 32,093 | -105,677 | -215,849 | 77,408 | 277,322 | 15,727 | -9,760 | 13,511 | 378 | -16 | 699 | -4,536 | 20,268 |
| Creditors | -48,177 | 42,704 | 2,607 | 1,566 | 1,536 | -116,683 | 21,658 | 75,592 | 1,746 | 3,482 | -23,807 | 1,418 | 36,996 |
| Accruals and Deferred Income | -9,854 | 35,855 | 79,659 | -54,633 | 33,913 | 60,197 | 3,142 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 89,200 | -80,400 | -55,100 | -281,000 | 428,000 | 11,200 | -700 | 9,500 | 12,000 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||
| 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 | -20,258 | 72,787 | -21,544 | -76,566 | 26,786 | 71,324 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -31,816 | 31,816 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | |||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | 195,545 | -176,788 | -189,882 | -1,735,990 | 2,230,596 | -60,841 | 35,445 | 21,812 | -40,977 | -36,957 | -34,041 | 53,769 | 134,858 |
| overdraft | 10,384 | -12,504 | -55,021 | -18,732 | 43,148 | 52,150 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 185,161 | -164,284 | -134,861 | -1,717,258 | 2,187,448 | -112,991 | 35,445 | 21,812 | -40,977 | -36,957 | -34,041 | 53,769 | 134,858 |
hirus vehicles limited Credit Report and Business Information
Hirus Vehicles Limited Competitor Analysis
Perform a competitor analysis for hirus vehicles limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other undefined companies, companies in BR1 area or any other competitors across 12 key performance metrics.
hirus vehicles limited Ownership
HIRUS VEHICLES LIMITED group structure
Hirus Vehicles Limited has no subsidiary companies.
Ultimate parent company
HIRUS VEHICLES LIMITED
01109140
hirus vehicles limited directors
Hirus Vehicles Limited currently has 2 directors. The longest serving directors include Mr Mark Jeffery (Jun 2012) and Mr Jack Jeffery (Jun 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Jeffery | United Kingdom | 43 years | Jun 2012 | - | Director |
| Mr Jack Jeffery | 38 years | Jun 2012 | - | Director |
P&L
August 2021turnover
934.7k
-15%
operating profit
-148.1k
0%
gross margin
23%
-4.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2021net assets
1.6m
-0.08%
total assets
2m
-0.06%
cash
396.5k
+0.97%
net assets
Total assets minus all liabilities
hirus vehicles limited company details
company number
01109140
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
April 1973
age
51
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
August 2021
address
c/o edge recovery limited, 5-7 ravensbourne road, bromley, BR1 1HN
accountant
LANDMARK ACCOUNTANTS LIMITED
auditor
-
hirus vehicles 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 1 charges/mortgages relating to hirus vehicles limited. Currently there are 0 open charges and 1 have been satisfied in the past.
hirus vehicles limited Companies House Filings - See Documents
| date | description | view/download |
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