ambrose hire limited

ambrose hire limited Company Information

Share AMBROSE HIRE LIMITED
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Company Number

01414350

Industry

Renting and leasing of construction and civil engineering machinery and equipment

 

Shareholders

wordon limited

Group Structure

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Contact

Registered Address

unit 26 charnley fold lane, bamber bridge, preston, lancashire, PR5 6QJ

ambrose hire limited Estimated Valuation

£806.7k

Pomanda estimates the enterprise value of AMBROSE HIRE LIMITED at £806.7k based on a Turnover of £1.8m and 0.44x industry multiple (adjusted for size and gross margin).

ambrose hire limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of AMBROSE HIRE LIMITED at £1.6m based on an EBITDA of £660k and a 2.45x industry multiple (adjusted for size and gross margin).

ambrose hire limited Estimated Valuation

£6.4m

Pomanda estimates the enterprise value of AMBROSE HIRE LIMITED at £6.4m based on Net Assets of £2.7m and 2.32x industry multiple (adjusted for liquidity).

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Ambrose Hire Limited Overview

Ambrose Hire Limited is a live company located in preston, PR5 6QJ with a Companies House number of 01414350. It operates in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in February 1979, it's largest shareholder is wordon limited with a 100% stake. Ambrose Hire Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.8m with low growth in recent years.

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Ambrose Hire Limited Health Check

Pomanda's financial health check has awarded Ambrose Hire Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £1.8m, make it smaller than the average company (£13.8m)

£1.8m - Ambrose Hire Limited

£13.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (11.1%)

2% - Ambrose Hire Limited

11.1% - Industry AVG

production

Production

with a gross margin of 22.8%, this company has a higher cost of product (33.4%)

22.8% - Ambrose Hire Limited

33.4% - Industry AVG

profitability

Profitability

an operating margin of 3.1% make it less profitable than the average company (11.4%)

3.1% - Ambrose Hire Limited

11.4% - Industry AVG

employees

Employees

with 14 employees, this is below the industry average (66)

14 - Ambrose Hire Limited

66 - Industry AVG

paystructure

Pay Structure

on an average salary of £39.4k, the company has an equivalent pay structure (£45.2k)

£39.4k - Ambrose Hire Limited

£45.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £129.5k, this is less efficient (£229.8k)

£129.5k - Ambrose Hire Limited

£229.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 72 days, this is near the average (60 days)

72 days - Ambrose Hire Limited

60 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 50 days, this is slower than average (45 days)

50 days - Ambrose Hire Limited

45 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 3 days, this is less than average (12 days)

3 days - Ambrose Hire Limited

12 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 45 weeks, this is more cash available to meet short term requirements (7 weeks)

45 weeks - Ambrose Hire Limited

7 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 30.8%, this is a lower level of debt than the average (57.4%)

30.8% - Ambrose Hire Limited

57.4% - Industry AVG

AMBROSE HIRE LIMITED financials

EXPORTms excel logo

Ambrose Hire Limited's latest turnover from March 2024 is £1.8 million and the company has net assets of £2.7 million. According to their latest financial statements, Ambrose Hire Limited has 14 employees and maintains cash reserves of £653 thousand 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
Turnover1,813,0002,081,0002,051,0001,698,0002,186,0002,393,0002,139,0002,154,0001,940,0002,068,0002,321,0005,939,0006,358,0007,466,0007,159,000
Other Income Or Grants000000000000000
Cost Of Sales1,400,0001,568,0001,503,0001,312,0001,520,0001,673,0001,535,0001,529,0001,302,0001,369,0001,594,0004,249,0004,404,0005,698,0006,596,000
Gross Profit413,000513,000548,000386,000666,000720,000604,000625,000638,000699,000727,0001,690,0001,954,0001,768,000563,000
Admin Expenses357,000192,000257,000303,000306,000382,000308,000306,000249,000293,000-1,497,000592,000869,0001,588,0002,125,000
Operating Profit56,000321,000291,00083,000360,000338,000296,000319,000389,000406,0002,224,0001,098,0001,085,000180,000-1,562,000
Interest Payable27,00020,00018,00016,00025,00020,00015,00014,00012,0002,00032,000128,00041,00063,000106,000
Interest Receivable5,00000000002,00005,0004,000016,00017,000
Pre-Tax Profit34,000301,000273,00067,000335,000318,000332,000305,000379,000404,0002,197,000974,0001,044,000133,000-1,651,000
Tax-9,000-67,000-102,000-13,000-82,000-60,000-55,000-46,000-56,000-81,000-420,000-211,000-235,000-55,000-183,000
Profit After Tax25,000234,000171,00054,000253,000258,000277,000259,000323,000323,0001,777,000763,000809,00078,000-1,834,000
Dividends Paid000185,000200,00000250,000200,00006,300,0002,508,000000
Retained Profit25,000234,000171,000-131,00053,000258,000277,0009,000123,000323,000-4,523,000-1,745,000809,00078,000-1,834,000
Employee Costs552,000443,000414,000565,000643,000658,000692,000686,000687,000642,0001,132,0001,750,0001,948,0002,165,0002,319,000
Number Of Employees141414161819212121202456587181
EBITDA*660,000933,000829,000597,000894,000838,000738,000708,000720,000686,0002,602,0002,898,0002,737,0002,224,0001,664,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets2,855,0003,171,0002,682,0002,327,0002,716,0002,611,0002,060,0001,935,0001,858,0001,669,0001,231,0009,352,0007,783,0007,375,0008,766,000
Intangible Assets000000000000000
Investments & Other000000026,00026,000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets2,855,0003,171,0002,682,0002,327,0002,716,0002,611,0002,060,0001,961,0001,884,0001,669,0001,231,0009,352,0007,783,0007,375,0008,766,000
Stock & work in progress14,00022,00016,00010,00010,0009,0009,0007,0009,0007,0005,00046,00050,00048,00067,000
Trade Debtors362,000379,000418,000484,000450,000414,000461,000462,000380,000353,000300,0001,200,0001,363,0001,736,0001,850,000
Group Debtors0002,0006,00005,00008,00002,00016,000000
Misc Debtors72,00065,00051,00059,00069,00057,00045,00038,00029,00051,00046,000203,000260,000401,000545,000
Cash653,000314,000653,000962,000207,000435,000392,000360,000654,000564,000972,000514,0001,550,0001,232,0002,096,000
misc current assets020,0000000000000000
total current assets1,101,000800,0001,138,0001,517,000742,000915,000912,000867,0001,080,000975,0001,325,0001,979,0003,223,0003,417,0004,558,000
total assets3,956,0003,971,0003,820,0003,844,0003,458,0003,526,0002,972,0002,828,0002,964,0002,644,0002,556,00011,331,00011,006,00010,792,00013,324,000
Bank overdraft000000000000000
Bank loan00000000000001,945,0002,740,000
Trade Creditors 194,000201,000116,000155,000129,000155,000159,000164,000139,000117,000135,000342,000378,000543,000596,000
Group/Directors Accounts300,000300,000500,000500,00000079,00077,00000112,0003,000103,0000
other short term finances000000000000000
hp & lease commitments168,000159,000193,000307,000314,000334,000184,000176,000138,00066,00068,0001,787,000789,00074,0000
other current liabilities84,00022,000118,000226,000146,000202,000182,000226,000336,000341,000658,000662,000805,000871,000911,000
total current liabilities746,000682,000927,0001,188,000589,000691,000525,000645,000690,000524,000861,0002,903,0001,975,0003,536,0004,247,000
loans000000000000001,960,000
hp & lease commitments241,000328,000209,000206,000267,000307,000172,000177,000247,000138,00013,0001,941,000905,000110,0000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions231,000248,000205,000142,000163,000142,000147,000155,000185,000212,000235,000517,000411,000240,000289,000
total long term liabilities472,000576,000414,000348,000430,000449,000319,000332,000432,000350,000248,0002,458,0001,316,000350,0002,249,000
total liabilities1,218,0001,258,0001,341,0001,536,0001,019,0001,140,000844,000977,0001,122,000874,0001,109,0005,361,0003,291,0003,886,0006,496,000
net assets2,738,0002,713,0002,479,0002,308,0002,439,0002,386,0002,128,0001,851,0001,842,0001,770,0001,447,0005,970,0007,715,0006,906,0006,828,000
total shareholders funds2,738,0002,713,0002,479,0002,308,0002,439,0002,386,0002,128,0001,851,0001,842,0001,770,0001,447,0005,970,0007,715,0006,906,0006,828,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit56,000321,000291,00083,000360,000338,000296,000319,000389,000406,0002,224,0001,098,0001,085,000180,000-1,562,000
Depreciation604,000612,000538,000514,000534,000500,000442,000389,000331,000280,000378,0001,800,0001,652,0002,044,0003,226,000
Amortisation000000000000000
Tax-9,000-67,000-102,000-13,000-82,000-60,000-55,000-46,000-56,000-81,000-420,000-211,000-235,000-55,000-183,000
Stock-8,0006,0006,00001,00002,000-2,0002,0002,000-41,000-4,0002,000-19,00067,000
Debtors-10,000-25,000-76,00020,00054,000-40,00011,00083,00013,00056,000-1,071,000-204,000-514,000-258,0002,395,000
Creditors-7,00085,000-39,00026,000-26,000-4,000-5,00025,00022,000-18,000-207,000-36,000-165,000-53,000596,000
Accruals and Deferred Income62,000-96,000-108,00080,000-56,00020,000-44,000-110,000-5,000-317,000-4,000-143,000-66,000-40,000911,000
Deferred Taxes & Provisions-17,00043,00063,000-21,00021,000-5,000-8,000-30,000-27,000-23,000-282,000106,000171,000-49,000289,000
Cash flow from operations707,000917,000713,000649,000696,000829,000613,000466,000639,000189,0002,801,0002,822,0002,954,0002,304,000815,000
Investing Activities
capital expenditure00000179,000-567,000-466,000-520,000-667,00010,153,000-2,524,000891,000-42,0001,083,000
Change in Investments000000-26,000026,000000000
cash flow from investments00000179,000-541,000-466,000-546,000-667,00010,153,000-2,524,000891,000-42,0001,083,000
Financing Activities
Bank loans000000000000-1,945,000-795,0002,740,000
Group/Directors Accounts0-200,0000500,00000-79,0002,00077,0000-112,000109,000-100,000103,0000
Other Short Term Loans 000000000000000
Long term loans0000000000000-1,960,0001,960,000
Hire Purchase and Lease Commitments-78,00085,000-111,000-68,000-60,000285,0003,000-32,000181,000123,000-3,647,0002,034,0001,510,000184,0000
other long term liabilities000000000000000
share issue00000000-51,000000008,662,000
interest-22,000-20,000-18,000-16,000-25,000-20,000-15,000-14,000-10,000-2,000-27,000-124,000-41,000-47,000-89,000
cash flow from financing-100,000-135,000-129,000416,000-85,000265,000-91,000-44,000197,000121,000-3,786,0002,019,000-576,000-2,515,00013,273,000
cash and cash equivalents
cash339,000-339,000-309,000755,000-228,00043,00032,000-294,00090,000-408,000458,000-1,036,000318,000-864,0002,096,000
overdraft000000000000000
change in cash339,000-339,000-309,000755,000-228,00043,00032,000-294,00090,000-408,000458,000-1,036,000318,000-864,0002,096,000

ambrose hire limited 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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Ambrose Hire Limited Competitor Analysis

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Perform a competitor analysis for ambrose hire limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in PR5 area or any other competitors across 12 key performance metrics.

ambrose hire limited Ownership

AMBROSE HIRE LIMITED group structure

Ambrose Hire Limited has no subsidiary companies.

Ultimate parent company

WORDON LTD

#0031196

1 parent

AMBROSE HIRE LIMITED

01414350

AMBROSE HIRE LIMITED Shareholders

wordon limited 100%

ambrose hire limited directors

Ambrose Hire Limited currently has 2 directors. The longest serving directors include Mr Mark Widders (Mar 2003) and Mr Mark Tootell (Jul 2020).

officercountryagestartendrole
Mr Mark Widders64 years Mar 2003- Director
Mr Mark TootellEngland46 years Jul 2020- Director

P&L

March 2024

turnover

1.8m

-13%

operating profit

56k

-83%

gross margin

22.8%

-7.59%

turnover

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

Balance Sheet

March 2024

net assets

2.7m

+0.01%

total assets

4m

0%

cash

653k

+1.08%

net assets

Total assets minus all liabilities

ambrose hire limited company details

company number

01414350

Type

Private limited with Share Capital

industry

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

incorporation date

February 1979

age

45

incorporated

UK

ultimate parent company

WORDON LTD

accounts

Full Accounts

last accounts submitted

March 2024

previous names

ambrose & cox hire limited (June 2005)

ambrose hire limited (October 2004)

accountant

-

auditor

MCMILLAN & CO LLP

address

unit 26 charnley fold lane, bamber bridge, preston, lancashire, PR5 6QJ

Bank

-

Legal Advisor

-

ambrose hire 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 5 charges/mortgages relating to ambrose hire limited. Currently there are 1 open charges and 4 have been satisfied in the past.

ambrose hire limited 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.

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ambrose hire limited Companies House Filings - See Documents

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