emmitt plant limited

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emmitt plant limited Company Information

Share EMMITT PLANT LIMITED

Company Number

01450866

Shareholders

seh group ltd

ronald charles chidgey

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Group Structure

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Industry

Renting and leasing of construction and civil engineering machinery and equipment

 

Registered Address

30 white house road, ipswich, suffolk, IP1 5LT

emmitt plant limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of EMMITT PLANT LIMITED at £1.1m based on a Turnover of £2.5m and 0.45x industry multiple (adjusted for size and gross margin).

emmitt plant limited Estimated Valuation

£4.3m

Pomanda estimates the enterprise value of EMMITT PLANT LIMITED at £4.3m based on an EBITDA of £1.8m and a 2.44x industry multiple (adjusted for size and gross margin).

emmitt plant limited Estimated Valuation

£13.4m

Pomanda estimates the enterprise value of EMMITT PLANT LIMITED at £13.4m based on Net Assets of £6.2m and 2.15x industry multiple (adjusted for liquidity).

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Emmitt Plant Limited Overview

Emmitt Plant Limited is a live company located in suffolk, IP1 5LT with a Companies House number of 01450866. It operates in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in September 1979, it's largest shareholder is seh group ltd with a 98% stake. Emmitt Plant Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.5m with healthy growth in recent years.

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Emmitt Plant Limited Health Check

Pomanda's financial health check has awarded Emmitt Plant Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

8 Weak

size

Size

annual sales of £2.5m, make it smaller than the average company (£12.9m)

£2.5m - Emmitt Plant Limited

£12.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (8.9%)

14% - Emmitt Plant Limited

8.9% - Industry AVG

production

Production

with a gross margin of 20.3%, this company has a higher cost of product (35%)

20.3% - Emmitt Plant Limited

35% - Industry AVG

profitability

Profitability

an operating margin of -2.7% make it less profitable than the average company (12.2%)

-2.7% - Emmitt Plant Limited

12.2% - Industry AVG

employees

Employees

with 28 employees, this is below the industry average (60)

28 - Emmitt Plant Limited

60 - Industry AVG

paystructure

Pay Structure

on an average salary of £44.6k, the company has an equivalent pay structure (£44.6k)

£44.6k - Emmitt Plant Limited

£44.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £89.7k, this is less efficient (£224.5k)

£89.7k - Emmitt Plant Limited

£224.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 84 days, this is later than average (59 days)

84 days - Emmitt Plant Limited

59 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 21 days, this is quicker than average (48 days)

21 days - Emmitt Plant Limited

48 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 19 days, this is more than average (12 days)

19 days - Emmitt Plant Limited

12 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 39 weeks, this is more cash available to meet short term requirements (9 weeks)

39 weeks - Emmitt Plant Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 39.7%, this is a lower level of debt than the average (56.4%)

39.7% - Emmitt Plant Limited

56.4% - Industry AVG

EMMITT PLANT LIMITED financials

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Emmitt Plant Limited's latest turnover from December 2023 is estimated at £2.5 million and the company has net assets of £6.2 million. According to their latest financial statements, Emmitt Plant Limited has 28 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover2,511,4802,059,3981,689,0891,697,1641,970,4311,817,6511,928,0694,761,2944,280,1354,381,6303,247,1972,974,0453,068,4782,847,324
Other Income Or Grants
Cost Of Sales2,002,9461,643,9691,343,7421,387,3011,574,2221,446,5941,489,1143,570,5033,272,0323,309,2632,562,0222,434,0172,423,3662,246,470
Gross Profit508,534415,429345,347309,863396,208371,057438,9551,190,7911,008,1031,072,367685,175540,028645,112600,854
Admin Expenses577,50119,73530,682298,477294,99747,49850,121695,948426,885321,14336,266246,983270,412332,611-3,853,661
Operating Profit-68,967395,694314,66511,386101,211323,559388,834494,843581,218751,224648,909293,045374,700268,2433,853,661
Interest Payable88,25287,82486,022
Interest Receivable62,55551,4163,9001,0637,4756,6422,2452,28610,5225,5791,383301771491
Pre-Tax Profit-6,412447,110318,56512,449108,686330,201391,079408,877503,916670,781650,292293,075374,877268,3923,853,661
Tax-84,951-60,527-2,365-20,650-62,738-74,305-86,736-97,873-136,838-149,567-70,338-97,468-75,150-1,079,025
Profit After Tax-6,412362,159258,03810,08488,036267,463316,774322,141406,043533,943500,725222,737277,409193,2422,774,636
Dividends Paid64,418200,000106,789
Retained Profit-6,412362,159258,03810,08488,036267,463316,774257,723206,043427,154500,725222,737277,409193,2422,774,636
Employee Costs1,248,1101,145,3261,102,4791,149,2041,132,9051,117,6471,287,4651,168,5721,175,4301,154,398490,301485,060493,318498,029
Number Of Employees2827272929292828282815151617
EBITDA*1,750,7172,005,6371,747,2601,492,3221,801,7532,048,8892,010,5262,042,0441,969,7252,002,1671,701,4271,405,8221,450,6721,306,2674,919,592

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets8,195,6088,047,4767,040,1806,194,6396,651,9697,092,8566,501,6996,087,0715,780,9435,621,2765,010,1514,961,1544,943,5424,336,5234,478,777
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets8,195,6088,047,4767,040,1806,194,6396,651,9697,092,8566,501,6996,087,0715,780,9435,621,2765,010,1514,961,1544,943,5424,336,5234,478,777
Stock & work in progress104,95297,91384,85175,28778,51274,22070,31765,10851,69049,36740,32536,27836,27636,27629,933
Trade Debtors582,856405,328361,991316,798455,741425,157514,210653,293516,371488,7581,004,604911,859900,389833,173720,711
Group Debtors297,601294,409376,791295,118368,836449,690381,571323,140338,338
Misc Debtors27,77745,16874,629156,376136,12823,54119,96636,27948,74226,089
Cash1,430,721952,3181,985,7601,134,271992,6791,000,651770,662127,525830,3661,138,671553,19519011,75159,229200
misc current assets
total current assets2,146,3061,798,3282,801,6402,059,5231,958,1781,892,4051,824,8451,263,7761,770,3092,041,2231,598,124948,327948,416928,678750,844
total assets10,341,9149,845,8049,841,8208,254,1628,610,1478,985,2618,326,5447,350,8477,551,2527,662,4996,608,2755,909,4815,891,9585,265,2015,229,621
Bank overdraft
Bank loan
Trade Creditors 115,743234,222142,548156,226144,189185,024218,698196,161156,678194,270723,444807,2601,011,969852,5931,522,838
Group/Directors Accounts80,000166,572160,00060,021234,731215,945259,241223,403471,670332,391
other short term finances
hp & lease commitments1,171,0411,338,5561,154,0711,338,0311,457,6501,255,7151,135,9641,293,5661,246,357908,418834,865635,195387,116560,344
other current liabilities1,681,556236,891291,76650,048135,211252,671260,993198,313193,739180,996
total current liabilities1,877,2991,808,7261,932,8701,420,3661,852,1622,111,2901,994,6471,753,8412,115,6531,954,0141,631,8621,642,1251,647,1641,239,7092,083,182
loans
hp & lease commitments1,318,460919,3011,341,671883,977968,5061,288,9361,061,586696,348734,7661,095,282800,212554,312
Accruals and Deferred Income
other liabilities120,000874,373921,502125,832
provisions909,355874,565686,226326,804176,54860,14012,87957,898176,311206,463124,031124,145135,123245,082
total long term liabilities2,227,8151,793,8662,027,8971,210,7811,145,0541,349,0761,074,465696,348792,6641,271,5931,006,675798,343998,5181,056,625370,914
total liabilities4,105,1143,602,5923,960,7672,631,1472,997,2163,460,3663,069,1122,450,1892,908,3173,225,6072,638,5372,440,4682,645,6822,296,3342,454,096
net assets6,236,8006,243,2125,881,0535,623,0155,612,9315,524,8955,257,4324,900,6584,642,9354,436,8923,969,7383,469,0133,246,2762,968,8672,775,525
total shareholders funds6,236,8006,243,2125,881,0535,623,0155,612,9315,524,8955,257,4324,900,6584,642,9354,436,8923,969,7383,469,0133,246,2762,968,8672,775,525
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-68,967395,694314,66511,386101,211323,559388,834494,843581,218751,224648,909293,045374,700268,2433,853,661
Depreciation1,819,6841,609,9431,432,5951,480,9361,700,5421,725,3301,621,6921,547,2011,388,5071,250,9431,052,5181,112,7771,075,9721,038,0241,065,931
Amortisation
Tax-84,951-60,527-2,365-20,650-62,738-74,305-86,736-97,873-136,838-149,567-70,338-97,468-75,150-1,079,025
Stock7,03913,0629,564-3,2254,2923,9035,20913,4182,3239,0424,04726,34329,933
Debtors-137,46417,068-118,936-37,02269,453-166,332-87,277182,89035,068-151,41992,74511,47067,216112,462720,711
Creditors-118,47991,674-13,67812,037-40,835-33,67422,53739,483-37,592-529,174-83,816-204,709159,376-670,2451,522,838
Accruals and Deferred Income1,444,665-54,875241,718-85,163-117,460-8,32262,6804,57412,743180,996
Deferred Taxes & Provisions34,790188,339359,422150,256116,40847,26112,879-57,898-118,413-30,15282,432-114-10,978-109,959245,082
Cash flow from operations3,242,1182,115,6942,383,5671,607,3341,665,4712,153,8452,116,3851,745,1591,691,1991,629,3761,453,6841,119,1891,434,386332,1084,857,843
Investing Activities
capital expenditure-1,967,816-2,617,239-2,278,136-1,023,606-1,259,655-2,316,487-2,036,320-1,853,329-1,548,174-1,862,068-1,101,515-1,130,389-1,682,991-895,770-5,544,708
Change in Investments
cash flow from investments-1,967,816-2,617,239-2,278,136-1,023,606-1,259,655-2,316,487-2,036,320-1,853,329-1,548,174-1,862,068-1,101,515-1,130,389-1,682,991-895,770-5,544,708
Financing Activities
Bank loans
Group/Directors Accounts-86,5726,57299,979-174,71018,786-43,29635,838-248,267139,279332,391
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments-771,882-589,885642,179-268,489-440,049429,285484,989-196,020-313,307633,009319,453753,982248,079-173,228560,344
other long term liabilities-120,000-754,373-47,129795,670125,832
share issue40,00040,000100889
interest62,55551,4163,9001,0637,4756,6422,245-85,966-77,302-80,4431,383301771491
cash flow from financing-795,899-531,897746,058-442,136-413,788392,631563,072-530,253-251,330924,957200,836-361201,127622,691687,066
cash and cash equivalents
cash478,403-1,033,442851,489141,592-7,972229,989643,137-702,841-308,305585,476553,005-11,561-47,47859,029200
overdraft
change in cash478,403-1,033,442851,489141,592-7,972229,989643,137-702,841-308,305585,476553,005-11,561-47,47859,029200

emmitt plant 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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Emmitt Plant Limited Competitor Analysis

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Perform a competitor analysis for emmitt plant limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in IP1 area or any other competitors across 12 key performance metrics.

emmitt plant limited Ownership

EMMITT PLANT LIMITED group structure

Emmitt Plant Limited has no subsidiary companies.

Ultimate parent company

2 parents

EMMITT PLANT LIMITED

01450866

EMMITT PLANT LIMITED Shareholders

seh group ltd 98%
ronald charles chidgey 1%
luke findlay 1%

emmitt plant limited directors

Emmitt Plant Limited currently has 3 directors. The longest serving directors include Mr Ronald Chidgey (Jan 2009) and Mr Richard Neall (Dec 2013).

officercountryagestartendrole
Mr Ronald ChidgeyEngland61 years Jan 2009- Director
Mr Richard NeallEngland60 years Dec 2013- Director
Mr Luke FindlayEngland41 years Aug 2014- Director

P&L

December 2023

turnover

2.5m

+22%

operating profit

-69k

0%

gross margin

20.3%

+0.38%

turnover

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

Balance Sheet

December 2023

net assets

6.2m

0%

total assets

10.3m

+0.05%

cash

1.4m

+0.5%

net assets

Total assets minus all liabilities

emmitt plant limited company details

company number

01450866

Type

Private limited with Share Capital

industry

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

incorporation date

September 1979

age

46

incorporated

UK

ultimate parent company

accounts

Audit Exemption Subsidiary

last accounts submitted

December 2023

previous names

N/A

accountant

ENSORS ACCOUNTANTS LLP

auditor

-

address

30 white house road, ipswich, suffolk, IP1 5LT

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

emmitt plant 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 13 charges/mortgages relating to emmitt plant limited. Currently there are 5 open charges and 8 have been satisfied in the past.

emmitt plant 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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emmitt plant limited Companies House Filings - See Documents

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