Myers Skip Hire Ltd

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myers skip hire ltd Company Information

Company Number

01338781

Next Accounts

Jun 2025

Directors

Anne Berry

James Berry

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Shareholders

myers group 1959 ltd

Group Structure

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Industry

Collection of non-hazardous waste

Registered Address

5 barr st, huddersfield, west yorkshire, HD1 6PB

Website

www.myersgroup.co.uk

myers skip hire ltd Estimated Valuation

£3.9m

Pomanda estimates the enterprise value of MYERS SKIP HIRE LTD at £3.9m based on Net Assets of £1.2m and 3.17x industry multiple (adjusted for liquidity).

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Myers Skip Hire Ltd is a live company located in west yorkshire, HD1 6PB with a Companies House number of 01338781. It operates in the collection of non-hazardous waste sector, SIC Code 38110. Founded in November 1977, it's largest shareholder is myers group 1959 ltd with a 100% stake. Myers Skip Hire Ltd is a mature, small sized company, Pomanda has estimated its turnover at £2.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Myers Skip Hire Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

5 Weak

Size

annual sales of £2.3m, make it smaller than the average company (£13.7m)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (9.2%)

EXPORT

Myers Skip Hire Ltd's latest turnover from September 2023 is estimated at £2.3 million and the company has net assets of £1.2 million. According to their latest financial statements, Myers Skip Hire Ltd has 30 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	2,288,081	1,978,553	866,776	3,446,196	2,683,869	1,756,632	1,036,307	1,011,937	522,651	591,546	1,259,752	1,286,357	1,348,054	1,307,047
Other Income Or Grants
Cost Of Sales	1,709,627	1,489,526	660,617	2,624,586	2,068,691	1,347,952	778,886	775,174	409,606	457,338	978,153	998,533	1,013,544	978,206
Gross Profit	578,454	489,028	206,159	821,610	615,178	408,680	257,421	236,764	113,045	134,208	281,600	287,825	334,511	328,841
Admin Expenses	382,797	357,264	-94,482	488,180	372,476	256,045	92,559	321,898	62,180	141,885	257,457	269,330	314,219	292,616
Operating Profit	195,657	131,764	300,641	333,430	242,702	152,635	164,862	-85,134	50,865	-7,677	24,143	18,495	20,292	36,225
Interest Payable
Interest Receivable
Pre-Tax Profit	195,657	131,764	300,641	333,430	242,702	152,635	164,862	-85,134	50,865	-7,677	24,143	18,495	20,292	36,225
Tax	-48,914	-25,035	-57,122	-63,352	-46,113	-29,001	-31,324		-10,173		-5,553	-4,439	-5,276	-10,143
Profit After Tax	146,743	106,729	243,519	270,078	196,589	123,634	133,538	-85,134	40,692	-7,677	18,590	14,056	15,016	26,082
Dividends Paid
Retained Profit	146,743	106,729	243,519	270,078	196,589	123,634	133,538	-85,134	40,692	-7,677	18,590	14,056	15,016	26,082
Employee Costs	1,146,293	899,783	608,339	367,630	326,143	321,399	312,222	305,715	120,055	148,484	298,480	286,154	311,345	314,458
Number Of Employees	30	25	17	11	10	10	10	10	4	5	10	10	11	11
EBITDA*	371,367	276,593	418,194	408,154	273,378	168,239	182,523	-67,832	78,126	-3,968	58,485	52,490	63,691	99,257

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	1,084,378	987,567	845,491	542,967	300,082	59,478	76,686	80,515	82,876	69,809	65,098	99,440	130,435	173,834
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	1,084,378	987,567	845,491	542,967	300,082	59,478	76,686	80,515	82,876	69,809	65,098	99,440	130,435	173,834
Stock & work in progress
Trade Debtors	265,155	253,212	79,380	766,358	573,299	334,398	156,296	107,193	89,439	84,429	181,021	163,951	171,061	130,116
Group Debtors	627,467	531,479	927,915
Misc Debtors	35,055	14,329	2,684
Cash
misc current assets
total current assets	927,677	799,020	1,009,979	766,358	573,299	334,398	156,296	107,193	89,439	84,429	181,021	163,951	171,061	130,116
total assets	2,012,055	1,786,587	1,855,470	1,309,325	873,381	393,876	232,982	187,708	172,315	154,238	246,119	263,391	301,496	303,950
Bank overdraft
Bank loan
Trade Creditors	17,032	41,589	9,990	233,720	234,876	115,077	77,817	156,922	56,395	88,169	172,373	208,235	260,396	277,866
Group/Directors Accounts
other short term finances
hp & lease commitments								6,333
other current liabilities	296,003	243,011	443,513
total current liabilities	313,035	284,600	453,503	233,720	234,876	115,077	77,817	163,255	56,395	88,169	172,373	208,235	260,396	277,866
loans
hp & lease commitments									9,159
Accruals and Deferred Income
other liabilities	285,854	299,232	375,312	305,454	158,688			2,826
provisions	170,709	107,041	37,670	24,685	4,429
total long term liabilities	456,563	406,273	412,982	330,139	163,117			2,826	9,159
total liabilities	769,598	690,873	866,485	563,859	397,993	115,077	77,817	166,081	65,554	88,169	172,373	208,235	260,396	277,866
net assets	1,242,457	1,095,714	988,985	745,466	475,388	278,799	155,165	21,627	106,761	66,069	73,746	55,156	41,100	26,084
total shareholders funds	1,242,457	1,095,714	988,985	745,466	475,388	278,799	155,165	21,627	106,761	66,069	73,746	55,156	41,100	26,084

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	195,657	131,764	300,641	333,430	242,702	152,635	164,862	-85,134	50,865	-7,677	24,143	18,495	20,292	36,225
Depreciation	175,710	144,829	117,553	74,724	30,676	15,604	17,661	17,302	27,261	3,709	34,342	33,995	43,399	63,032
Amortisation
Tax	-48,914	-25,035	-57,122	-63,352	-46,113	-29,001	-31,324		-10,173		-5,553	-4,439	-5,276	-10,143
Stock
Debtors	128,657	-210,959	243,621	193,059	238,901	178,102	49,103	17,754	5,010	-96,592	17,070	-7,110	40,945	130,116
Creditors	-24,557	31,599	-223,730	-1,156	119,799	37,260	-79,105	100,527	-31,774	-84,204	-35,862	-52,161	-17,470	277,866
Accruals and Deferred Income	52,992	-200,502	443,513
Deferred Taxes & Provisions	63,668	69,371	12,985	20,256	4,429
Cash flow from operations	285,899	362,985	350,219	170,843	112,592	-1,604	22,991	14,941	31,169	8,420		3,000		236,864
Investing Activities
capital expenditure	-272,521	-286,905	-420,077	-317,609	-271,280	1,604	-13,832	-14,941	-40,328	-8,420		-3,000		-236,866
Change in Investments
cash flow from investments	-272,521	-286,905	-420,077	-317,609	-271,280	1,604	-13,832	-14,941	-40,328	-8,420		-3,000		-236,866
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments							-6,333	-2,826	9,159
other long term liabilities	-13,378	-76,080	69,858	146,766	158,688		-2,826	2,826
share issue														2
interest
cash flow from financing	-13,378	-76,080	69,858	146,766	158,688		-9,159		9,159					2
cash and cash equivalents
cash
overdraft
change in cash

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 myers skip hire ltd by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other small companies, companies in HD1 area or any other competitors across 12 key performance metrics.

MYERS SKIP HIRE LTD group structure

Myers Skip Hire Ltd has no subsidiary companies.

Ultimate parent company

ISAAC TIMMINS LIMITED

00239935

MYERS GROUP 1959 LTD

00446451

2 parents

MYERS SKIP HIRE LTD

01338781

MYERS SKIP HIRE LTD Shareholders

myers group 1959 ltd

100%

Myers Skip Hire Ltd currently has 3 directors. The longest serving directors include Mrs Anne Berry (Jan 1991) and Mr James Berry (Feb 2012).

officer	age	start	end	role
Mrs Anne Berry	69 years	Jan 1991	-	Director
Mr James Berry	39 years	Feb 2012	-	Director
Mrs Katie Berry	38 years	Feb 2012	-	Director

P&L

September 2023

turnover

2.3m

+16%

operating profit

195.7k

gross margin

25.3%

+2.28%

turnover

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

Balance Sheet

September 2023

net assets

1.2m

+0.13%

total assets

+0.13%

cash

net assets

Total assets minus all liabilities

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company number

01338781

Type

Private limited with Share Capital

industry

38110 - Collection of non-hazardous waste

incorporation date

November 1977

ultimate parent company

ISAAC TIMMINS LIMITED

previous names

honley skip hire limited (December 2015)

c. ernest heap & son limited (November 1988)

address

5 barr st, huddersfield, west yorkshire, HD1 6PB

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 myers skip hire ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

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.

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myers skip hire ltd Company Information

myers skip hire ltd Estimated Valuation

myers skip hire ltd Estimated Valuation

myers skip hire ltd Estimated Valuation

Myers Skip Hire Ltd Overview

Myers Skip Hire Ltd Health Check

MYERS SKIP HIRE LTD financials

myers skip hire ltd Credit Report and Business Information

Myers Skip Hire Ltd Competitor Analysis

myers skip hire ltd Ownership

myers skip hire ltd directors

myers skip hire ltd company details

myers skip hire ltd Charges & Mortgages

myers skip hire ltd Capital Raised & Share Issues BETA

myers skip hire ltd Companies House Filings - See Documents