Leetec Tool Hire Ltd

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leetec tool hire ltd Company Information

Live

MatureSmallDeclining

Company Number

01381285

Website

www.kentectoolhire.co.uk

Registered Address

unit 6 ton 100 park, morley road, tonbridge, kent, TN9 1RA

Industry

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

Renting and leasing of construction and civil engineering machinery and equipment

Telephone

01732357777

Next Accounts Due

September 2025

Group Structure

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Directors

Lee Batson18 Years

Shareholders

kentec group services ltd 90%

lee graham batson 10%

leetec tool hire ltd Estimated Valuation

£539.6k

Pomanda estimates the enterprise value of LEETEC TOOL HIRE LTD at £539.6k based on Net Assets of £232.4k and 2.32x industry multiple (adjusted for liquidity).

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Leetec Tool Hire Ltd is a live company located in tonbridge, TN9 1RA with a Companies House number of 01381285. It operates in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in July 1978, it's largest shareholder is kentec group services ltd with a 90% stake. Leetec Tool Hire Ltd is a mature, small sized company, Pomanda has estimated its turnover at £746k with declining growth in recent years.

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Pomanda's financial health check has awarded Leetec Tool Hire Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £746k, make it smaller than the average company (£13m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (8.4%)

EXPORT

Leetec Tool Hire Ltd's latest turnover from December 2023 is estimated at £746 thousand and the company has net assets of £232.4 thousand. According to their latest financial statements, Leetec Tool Hire Ltd has 8 employees and maintains cash reserves of £18.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	746,012	835,088	791,736	772,366	1,098,901	773,333	848,424	887,084	371,702	510,829	536,092	359,927	349,121	572,984	655,018
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	436,387	486,257	476,082	482,926	677,239	472,915	516,696	559,998	232,737	320,010	339,132	229,532	214,089	350,645	406,297
Gross Profit	309,625	348,831	315,654	289,440	421,663	300,419	331,728	327,086	138,965	190,819	196,960	130,395	135,032	222,338	248,721
Admin Expenses	271,582	321,423	287,219	245,396	407,736	353,809	302,298	252,070	216,766	139,005	180,342	113,930	115,603	226,314	142,032
Operating Profit	38,043	27,408	28,435	44,044	13,927	-53,390	29,430	75,016	-77,801	51,814	16,618	16,465	19,429	-3,976	106,689
Interest Payable	0	0	0	0	630	1,261	607	686	713	0	0	0	171	668	496
Interest Receivable	1,749	2,231	201	42	79	218	273	91	64	66	28	6	4	1	0
Pre-Tax Profit	39,792	29,638	28,636	44,086	13,375	-54,433	29,096	74,421	-78,450	51,880	16,647	16,471	19,262	-4,643	106,193
Tax	-9,948	-5,631	-5,441	-8,376	-2,541	0	-5,528	-14,884	0	-10,895	-3,829	-3,953	-5,008	0	-29,734
Profit After Tax	29,844	24,007	23,195	35,710	10,834	-54,433	23,568	59,537	-78,450	40,985	12,818	12,518	14,254	-4,643	76,459
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	29,844	24,007	23,195	35,710	10,834	-54,433	23,568	59,537	-78,450	40,985	12,818	12,518	14,254	-4,643	76,459
Employee Costs	362,230	346,997	335,461	354,901	348,891	378,206	405,561	429,858	106,223	141,713	133,938	97,456	97,273	156,011	184,972
Number Of Employees	8	8	8	9	9	10	11	12	3	4	4	3	3	5	6
EBITDA*	71,951	44,224	46,062	44,044	13,927	-22,033	65,314	88,250	-55,132	72,051	54,466	56,977	62,099	37,065	157,883

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	190,757	129,757	130,989	60,499	52,227	78,256	105,070	90,720	101,124	108,719	132,519	138,405	198,254	236,861	267,667
Intangible Assets	0	0	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	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	190,757	129,757	130,989	60,499	52,227	78,256	105,070	90,720	101,124	108,719	132,519	138,405	198,254	236,861	267,667
Stock & work in progress	49,818	45,188	44,477	44,101	0	37,215	31,434	22,375	21,397	25,314	28,180	27,628	27,331	29,336	45,340
Trade Debtors	54,764	104,903	95,534	73,637	164,034	85,671	100,005	111,339	83,526	108,038	105,689	54,606	44,064	95,620	93,086
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	26,103	35,270	0	0
Misc Debtors	14,522	17,237	26,287	4,146	3,408	22,584	16,045	13,488	0	0	0	0	0	0	0
Cash	18,847	51,102	76,358	84,558	0	21,121	36,924	72,298	315	25,408	10,485	834	1,477	256	145
misc current assets	0	0	0	0	0	0	0	0	7,061	0	0	0	0	0	0
total current assets	137,951	218,430	242,656	206,442	167,442	166,591	184,408	219,500	112,299	158,760	144,354	109,171	108,142	125,212	138,571
total assets	328,708	348,187	373,645	266,941	219,669	244,847	289,478	310,220	213,423	267,479	276,873	247,576	306,396	362,073	406,238
Bank overdraft	0	0	0	0	0	12,459	0	0	21,950	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	45,418	64,093	96,452	69,963	119,040	48,367	55,929	64,813	43,084	93,463	119,823	112,898	141,205	183,710	198,507
Group/Directors Accounts	0	0	0	0	0	35,000	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	0	0
hp & lease commitments	8,865	8,342	7,655	0	0	0	14,841	8,785	10,153	0	0	0	0	0	0
other current liabilities	35,895	58,200	67,652	41,646	0	34,013	36,808	93,999	48,107	0	0	0	0	0	0
total current liabilities	90,178	130,635	171,759	111,609	119,040	129,839	107,578	167,597	123,294	93,463	119,823	112,898	141,205	183,710	198,507
loans	0	0	0	0	0	6,220	18,679	0	0	0	0	0	0	5,270	15,270
hp & lease commitments	6,152	15,018	23,359	0	0	0	0	2,970	10,013	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	7,770	15,270	35,040	58,687	80,843	95,568
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	6,152	15,018	23,359	0	0	6,220	18,679	2,970	10,013	7,770	15,270	35,040	58,687	86,113	110,838
total liabilities	96,330	145,653	195,118	111,609	119,040	136,059	126,257	170,567	133,307	101,233	135,093	147,938	199,892	269,823	309,345
net assets	232,378	202,534	178,527	155,332	100,629	108,788	163,221	139,653	80,116	166,246	141,780	99,638	106,504	92,250	96,893
total shareholders funds	232,378	202,534	178,527	155,332	100,629	108,788	163,221	139,653	80,116	166,246	141,780	99,638	106,504	92,250	96,893

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	38,043	27,408	28,435	44,044	13,927	-53,390	29,430	75,016	-77,801	51,814	16,618	16,465	19,429	-3,976	106,689
Depreciation	33,908	16,816	17,627	0	0	31,357	35,884	13,234	22,669	20,237	37,848	40,512	42,670	41,041	51,194
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-9,948	-5,631	-5,441	-8,376	-2,541	0	-5,528	-14,884	0	-10,895	-3,829	-3,953	-5,008	0	-29,734
Stock	4,630	711	376	44,101	-37,215	5,781	9,059	978	-3,917	-2,314	552	297	-2,005	-16,004	45,340
Debtors	-52,854	319	44,038	-89,659	59,187	-7,795	-8,777	41,301	-24,512	27,329	24,980	1,375	-16,286	2,534	93,086
Creditors	-18,675	-32,359	26,489	-49,077	70,673	-7,562	-8,884	21,729	-50,379	-19,435	6,925	-28,307	-42,505	-14,797	198,507
Accruals and Deferred Income	-22,305	-9,452	26,006	41,646	-34,013	-2,795	-57,191	45,892	48,107	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	69,247	-4,248	48,702	73,795	26,074	-30,376	-6,571	98,708	-28,975	16,706	32,030	23,045	32,877	35,738	188,230
Investing Activities
capital expenditure	-94,908	-15,584	-88,117	-8,272	26,029	-4,543	-50,234	-2,830	-15,074	9,449	-31,962	19,337	-4,063	-10,235	-318,861
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-94,908	-15,584	-88,117	-8,272	26,029	-4,543	-50,234	-2,830	-15,074	9,449	-31,962	19,337	-4,063	-10,235	-318,861
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-35,000	35,000	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	0	0
Long term loans	0	0	0	0	-6,220	-12,459	18,679	0	0	0	0	0	-5,270	-10,000	15,270
Hire Purchase and Lease Commitments	-8,343	-7,654	31,014	0	0	-14,841	3,086	-8,411	20,166	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-7,770	-27,270	-19,770	-23,647	-22,156	-14,725	95,568
share issue	0	0	0	18,993	-18,993	0	0	0	-7,680	25,623	29,324	-19,384	0	0	20,434
interest	1,749	2,231	201	42	-551	-1,043	-334	-595	-649	66	28	6	-167	-667	-496
cash flow from financing	-6,594	-5,423	31,215	19,035	-60,764	6,657	21,431	-9,006	4,067	-1,581	9,582	-43,025	-27,593	-25,392	130,776
cash and cash equivalents
cash	-32,255	-25,256	-8,200	84,558	-21,121	-15,803	-35,374	71,983	-25,093	24,574	9,651	-643	1,221	111	145
overdraft	0	0	0	0	-12,459	12,459	0	-21,950	21,950	0	0	0	0	0	0
change in cash	-32,255	-25,256	-8,200	84,558	-8,662	-28,262	-35,374	93,933	-47,043	24,574	9,651	-643	1,221	111	145

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LEETEC TOOL HIRE LTD group structure

Leetec Tool Hire Ltd has no subsidiary companies.

Ultimate parent company

KENTEC GROUP HOLDINGS LTD

09115583

1 parent

LEETEC TOOL HIRE LTD

01381285

LEETEC TOOL HIRE LTD Shareholders

kentec group services ltd	90%
lee graham batson	10%

Leetec Tool Hire Ltd currently has 1 director, Mr Lee Batson serving since Sep 2006.

officer	country	age	start	end	role
Mr Lee Batson		55 years	Sep 2006	-	Director

P&L

December 2023

turnover

746k

-11%

operating profit

38k

gross margin

41.6%

-0.64%

turnover

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

Balance Sheet

December 2023

net assets

232.4k

+0.15%

total assets

328.7k

-0.06%

cash

18.8k

-0.63%

net assets

Total assets minus all liabilities

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company number

01381285

Type

Private limited with Share Capital

industry

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

77320 - Renting and leasing of construction and civil engineering machinery and equipment

incorporation date

July 1978

ultimate parent company

KENTEC GROUP HOLDINGS LTD

previous names

kentec tool hire limited (August 2024)

medway handling engineers limited (December 1999)

address

unit 6 ton 100 park, morley road, tonbridge, kent, TN9 1RA

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 4 charges/mortgages relating to leetec tool hire ltd. Currently there are 0 open charges and 4 have been satisfied in the past.

leetec tool hire ltd Company Information

leetec tool hire ltd Estimated Valuation

leetec tool hire ltd Estimated Valuation

leetec tool hire ltd Estimated Valuation

Leetec Tool Hire Ltd Overview

Leetec Tool Hire Ltd Health Check

LEETEC TOOL HIRE LTD financials

leetec tool hire ltd Credit Report and Business Information

Leetec Tool Hire Ltd Competitor Analysis

leetec tool hire ltd Ownership

leetec tool hire ltd directors

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