finning holdings

finning holdings Company Information

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MatureMidDeclining

Company Number

01703167

Industry

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

 

Wholesale of mining, construction and civil engineering machinery

 

Shareholders

finning international inc

Group Structure

View All

Contact

Registered Address

watling st, cannock, staffs, ws11 8ll, WS11 1SL

finning holdings Estimated Valuation

£6.5m

Pomanda estimates the enterprise value of FINNING HOLDINGS at £6.5m based on a Turnover of £10.8m and 0.6x industry multiple (adjusted for size and gross margin).

finning holdings Estimated Valuation

£80.7m

Pomanda estimates the enterprise value of FINNING HOLDINGS at £80.7m based on an EBITDA of £21.2m and a 3.8x industry multiple (adjusted for size and gross margin).

finning holdings Estimated Valuation

£154.7m

Pomanda estimates the enterprise value of FINNING HOLDINGS at £154.7m based on Net Assets of £72.4m and 2.14x industry multiple (adjusted for liquidity).

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Finning Holdings Overview

Finning Holdings is a live company located in staffs, WS11 1SL with a Companies House number of 01703167. It operates in the wholesale of mining, construction and civil engineering machinery sector, SIC Code 46630. Founded in March 1983, it's largest shareholder is finning international inc with a 100% stake. Finning Holdings is a mature, mid sized company, Pomanda has estimated its turnover at £10.8m with declining growth in recent years.

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Finning Holdings Health Check

Pomanda's financial health check has awarded Finning Holdings a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £10.8m, make it smaller than the average company (£15.6m)

£10.8m - Finning Holdings

£15.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -72%, show it is growing at a slower rate (9.5%)

-72% - Finning Holdings

9.5% - Industry AVG

production

Production

with a gross margin of 32.5%, this company has a comparable cost of product (32.5%)

32.5% - Finning Holdings

32.5% - Industry AVG

profitability

Profitability

an operating margin of 195.6% make it more profitable than the average company (8.7%)

195.6% - Finning Holdings

8.7% - Industry AVG

employees

Employees

with 32 employees, this is similar to the industry average (38)

32 - Finning Holdings

38 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Finning Holdings

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £339k, this is less efficient (£461.9k)

£339k - Finning Holdings

£461.9k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Finning Holdings

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Finning Holdings

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Finning Holdings

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 13 weeks, this is more cash available to meet short term requirements (7 weeks)

13 weeks - Finning Holdings

7 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 43.7%, this is a lower level of debt than the average (59.4%)

43.7% - Finning Holdings

59.4% - Industry AVG

FINNING HOLDINGS financials

EXPORTms excel logo

Finning Holdings's latest turnover from December 2023 is £10.8 million and the company has net assets of £72.4 million. According to their latest financial statements, we estimate that Finning Holdings has 32 employees and maintains cash reserves of £385 thousand 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
Turnover10,847,000837,590,000644,919,000518,030,000670,962,000666,194,000613,994,000535,424,000551,998,000580,525,000548,714,000572,503,000528,938,000413,935,000353,990,000
Other Income Or Grants000000000000000
Cost Of Sales7,326,341680,022,000522,036,000425,299,000555,716,000463,411,828428,286,141385,721,402400,348,389421,956,626396,262,671413,615,916379,605,222292,784,447283,192,000
Gross Profit3,520,659157,568,000122,883,00092,731,000115,246,000202,782,172185,707,859149,702,598151,649,611158,568,374152,451,329158,887,084149,332,778121,150,55370,798,000
Admin Expenses-17,698,617111,200,00092,500,00083,374,00088,419,000173,277,172162,844,859152,520,598147,015,611130,910,374125,616,329130,323,084119,519,778111,505,55359,382,000
Operating Profit21,219,27646,368,00030,383,0009,357,00026,827,00029,505,00022,863,000-2,818,0004,634,00027,658,00026,835,00028,564,00029,813,0009,645,00011,416,000
Interest Payable4,172,0007,706,0005,249,0005,417,0005,647,0004,894,0005,556,0005,296,0006,216,0005,767,0006,023,0007,114,0005,660,0004,919,0004,520,000
Interest Receivable17,0001,736,0001,159,000987,0001,657,000567,000186,000240,00075,00085,000317,000528,0003,218,000861,0001,230,000
Pre-Tax Profit6,692,00040,398,00026,293,0004,927,00022,837,00025,178,00017,493,000-7,874,000-8,117,00021,976,00021,129,00021,978,00027,371,0005,587,0008,126,000
Tax977,000-8,437,000-5,045,000-721,000-3,974,000-4,476,000-3,854,0002,289,000-34,000-4,807,000-1,919,000-3,316,000-5,845,000-278,000-2,819,000
Profit After Tax7,669,00031,961,00021,248,0004,206,00018,863,00020,702,00013,639,000-5,585,000-8,151,00017,169,00019,210,00018,662,00021,526,0005,309,0005,307,000
Dividends Paid0033,574,0006,315,00040,328,0000000000000
Retained Profit7,669,00031,961,000-12,326,000-2,109,000-21,465,00020,702,00013,639,000-8,268,000-8,151,00017,169,00019,210,00018,662,00021,526,0005,309,0005,307,000
Employee Costs0104,774,00087,217,00075,913,00077,058,00077,737,00070,334,00075,661,00085,887,00080,392,00077,854,00076,367,00064,387,00060,292,00053,743,000
Number Of Employees321,8671,4991,4751,4971,4601,4211,5391,7451,7721,7161,7261,5851,5351,590
EBITDA*21,219,27672,194,00042,705,00020,851,00037,179,00041,620,00034,305,0007,952,00014,089,00037,175,00040,541,00042,270,00040,846,00019,219,00023,446,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets0148,153,000196,491,000165,337,000145,774,000123,712,00095,693,00083,115,00077,449,00078,385,00071,997,00069,415,00076,651,00069,907,00065,257,000
Intangible Assets078,081,00014,376,00014,775,00015,181,00015,175,00013,997,00012,527,00012,967,00018,647,00010,169,00013,849,0004,638,0004,514,0001,373,000
Investments & Other115,893,000262,000560,000807,0001,040,00000000000788,000914,000
Debtors (Due After 1 year)11,370,00066,721,000113,293,00079,298,00046,496,0004,985,0004,147,00000000003,396,000
Total Fixed Assets127,263,000226,234,000210,860,000180,112,000160,955,000138,887,000109,690,00095,642,00090,416,00097,032,00082,166,00083,264,00081,289,00074,421,00070,940,000
Stock & work in progress0117,137,00080,671,00069,837,000110,802,000130,403,00093,368,00089,204,000102,905,000112,285,000104,595,000118,087,000117,208,000107,344,00099,185,000
Trade Debtors0152,198,00069,344,00056,913,00060,502,00081,815,00064,019,00077,289,00083,091,00071,304,00070,200,00069,142,00069,141,00052,997,00054,767,000
Group Debtors0032,794,00079,0000239,00098,000376,0000679,00029,000171,0002,000629,00025,000
Misc Debtors977,000021,260,00060,431,00045,837,00043,479,00027,786,00019,636,000032,453,00019,883,00022,858,00013,849,00011,842,0006,708,000
Cash385,00028,381,00019,958,00051,326,0008,796,00059,123,00053,880,00042,510,00041,343,00022,690,00021,824,0001,681,00025,405,00016,205,0004,890,000
misc current assets0256,000328,000214,000196,000236,000167,000347,0001,156,000132,000342,000476,0001,079,0009,275,0000
total current assets1,362,000298,877,000224,601,000240,672,000227,478,000315,295,000239,318,000229,362,000228,495,000239,543,000216,873,000212,415,000226,684,000198,292,000165,575,000
total assets128,625,000525,111,000435,461,000420,784,000388,433,000454,182,000349,008,000325,004,000318,911,000336,575,000299,039,000295,679,000307,973,000272,713,000236,515,000
Bank overdraft0000000170,0006,780,0007,133,0007,853,0004,308,00025,162,00010,327,0000
Bank loan000000000000000
Trade Creditors 051,021,00052,355,00049,589,00046,462,00063,069,00054,136,00059,702,00076,137,00064,333,00049,295,00043,177,00059,328,00055,485,00044,393,000
Group/Directors Accounts1,440,000000000000000021,238,000
other short term finances0131,958,000143,000283,000208,000195,000182,00000000000
hp & lease commitments06,966,00010,796,00011,442,0009,839,0002,554,0002,109,0002,303,0001,316,0004,00035,000245,000257,000943,000982,000
other current liabilities0127,592,00084,973,00083,280,00071,515,000115,138,00079,655,00064,043,00028,707,00054,411,00048,988,000107,716,00049,415,00043,349,00033,782,000
total current liabilities1,440,000317,537,000148,267,000144,594,000128,024,000180,956,000136,082,000126,218,000112,940,000125,881,000106,171,000155,446,000134,162,000110,104,000100,395,000
loans54,800,00022,114,000180,310,000196,862,000210,016,000172,642,000178,756,000183,180,00023,358,0005,468,0003,689,00000050,000,000
hp & lease commitments010,760,00014,481,00022,639,00028,993,00010,097,00012,959,00014,989,0009,908,000804,000805,0000001,558,000
Accruals and Deferred Income015,357,0009,754,0006,960,00013,627,00012,642,0005,239,0008,683,00010,315,0005,159,0004,581,00000011,953,000
other liabilities010,133,0000295,000213,0001,545,0001,831,0001,883,00077,563,00077,736,00075,000,00039,188,00083,682,00082,734,0000
provisions044,762,00060,860,00033,120,00016,878,00014,606,0003,680,00022,494,0005,292,00079,810,00066,710,00061,148,00060,470,00048,810,000456,000
total long term liabilities54,800,00058,928,000130,339,000122,246,000127,287,000107,811,00098,288,000113,403,000102,203,000125,534,000115,820,00069,762,000113,917,000107,139,00085,351,000
total liabilities56,240,000376,465,000278,606,000266,840,000255,311,000288,767,000234,370,000239,621,000215,143,000251,415,000221,991,000225,208,000248,079,000217,243,000185,746,000
net assets72,385,000148,646,000156,855,000153,944,000133,122,000165,415,000114,638,00085,383,000103,768,00085,160,00077,048,00070,471,00059,894,00055,470,00050,769,000
total shareholders funds72,385,000148,646,000156,855,000153,944,000133,122,000165,415,000114,638,00085,383,000103,768,00085,160,00077,048,00070,471,00059,894,00055,470,00050,769,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit21,219,27646,368,00030,383,0009,357,00026,827,00029,505,00022,863,000-2,818,0004,634,00027,658,00026,835,00028,564,00029,813,0009,645,00011,416,000
Depreciation023,446,00010,987,00010,049,0009,131,00011,264,00010,893,00010,096,0008,724,0008,962,00013,184,00013,184,00010,995,0009,536,00011,806,000
Amortisation02,380,0001,335,0001,445,0001,221,000851,000549,000674,000731,000555,000522,000522,00038,00038,000224,000
Tax977,000-8,437,000-5,045,000-721,000-3,974,000-4,476,000-3,854,0002,289,000-34,000-4,807,000-1,919,000-3,316,000-5,845,000-278,000-2,819,000
Stock-117,137,00036,466,00010,834,000-40,965,000-19,601,00037,035,0004,164,000-13,701,000-9,380,0007,690,000-13,492,000879,0009,864,0008,159,00099,185,000
Debtors-206,572,000-17,772,00039,970,00043,886,00022,317,00034,468,000-1,251,00014,210,000-21,345,00014,324,000-2,059,0009,179,00017,524,000572,00064,896,000
Creditors-51,021,000-1,334,0002,766,0003,127,000-16,607,0008,933,000-5,566,000-16,435,00011,804,00015,038,0006,118,000-16,151,0003,843,00011,092,00044,393,000
Accruals and Deferred Income-142,949,00048,222,0004,487,0005,098,000-42,638,00042,886,00012,168,00033,704,000-20,548,0006,001,000-54,147,00058,301,0006,066,000-2,386,00045,735,000
Deferred Taxes & Provisions-44,762,000-16,098,00027,740,00016,242,0002,272,00010,926,000-18,814,00017,202,000-74,518,00013,100,0005,562,000678,00011,660,00048,354,000456,000
Cash flow from operations107,173,27675,853,00021,849,00041,676,000-26,484,00028,386,00015,326,00044,203,000-38,482,00044,493,00011,706,00071,724,00029,182,00067,270,000-52,870,000
Investing Activities
capital expenditure226,234,000-41,193,000-43,077,000-30,651,000-32,420,000-41,312,000-25,490,000-15,996,000-2,839,000-24,383,000-12,608,000-15,681,000-17,901,000-17,365,000-78,660,000
Change in Investments115,631,000-298,000-247,000-233,0001,040,0000000000-788,000-126,000914,000
cash flow from investments110,603,000-40,895,000-42,830,000-30,418,000-33,460,000-41,312,000-25,490,000-15,996,000-2,839,000-24,383,000-12,608,000-15,681,000-17,113,000-17,239,000-79,574,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts1,440,000000000000000-21,238,00021,238,000
Other Short Term Loans -131,958,000131,815,000-140,00075,00013,00013,000182,00000000000
Long term loans32,686,000-158,196,000-16,552,000-13,154,00037,374,000-6,114,000-4,424,000159,822,00017,890,0001,779,0003,689,00000-50,000,00050,000,000
Hire Purchase and Lease Commitments-17,726,000-7,551,000-8,804,000-4,751,00026,181,000-2,417,000-2,224,0006,068,00010,416,000-32,000595,000-12,000-686,000-1,597,0002,540,000
other long term liabilities-10,133,00010,133,000-295,00082,000-1,332,000-286,000-52,000-75,680,000-173,0002,736,00035,812,000-44,494,000948,00082,734,0000
share issue-83,930,000-40,170,00015,237,00022,931,000-10,828,00030,075,00015,616,000-10,117,00026,759,000-9,057,000-12,633,000-8,085,000-17,102,000-608,00045,462,000
interest-4,155,000-5,970,000-4,090,000-4,430,000-3,990,000-4,327,000-5,370,000-5,056,000-6,141,000-5,682,000-5,706,000-6,586,000-2,442,000-4,058,000-3,290,000
cash flow from financing-213,776,000-69,939,000-14,644,000753,00047,418,00016,944,0003,728,00075,037,00048,751,000-10,256,00021,757,000-59,177,000-19,282,0005,233,000115,950,000
cash and cash equivalents
cash-27,996,0008,423,000-31,368,00042,530,000-50,327,0005,243,00011,370,0001,167,00018,653,000866,00020,143,000-23,724,0009,200,00011,315,0004,890,000
overdraft000000-170,000-6,610,000-353,000-720,0003,545,000-20,854,00014,835,00010,327,0000
change in cash-27,996,0008,423,000-31,368,00042,530,000-50,327,0005,243,00011,540,0007,777,00019,006,0001,586,00016,598,000-2,870,000-5,635,000988,0004,890,000

finning holdings 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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Finning Holdings Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for finning holdings by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in WS11 area or any other competitors across 12 key performance metrics.

finning holdings Ownership

FINNING HOLDINGS group structure

Finning Holdings has 5 subsidiary companies.

Ultimate parent company

FINNING INTERNATIONAL INC

#0000171

1 parent

FINNING HOLDINGS

01703167

5 subsidiaries

FINNING HOLDINGS Shareholders

finning international inc 100%

finning holdings directors

Finning Holdings currently has 2 directors. The longest serving directors include Mr Mark Hogg (Dec 2017) and Mr Gary Megarrell (Dec 2024).

officercountryagestartendrole
Mr Mark HoggEngland50 years Dec 2017- Director
Mr Gary Megarrell48 years Dec 2024- Director

P&L

December 2023

turnover

10.8m

-99%

operating profit

21.2m

0%

gross margin

32.5%

+72.54%

turnover

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

Balance Sheet

December 2023

net assets

72.4m

-0.51%

total assets

128.6m

-0.76%

cash

385k

-0.99%

net assets

Total assets minus all liabilities

finning holdings company details

company number

01703167

Type

Private unlimited with Share Capital

industry

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

46630 - Wholesale of mining, construction and civil engineering machinery

incorporation date

March 1983

age

42

incorporated

UK

ultimate parent company

FINNING INTERNATIONAL INC

accounts

Full Accounts

last accounts submitted

December 2023

previous names

finning holdings limited (December 2001)

trushelfco (no. 540) limited (July 1983)

accountant

-

auditor

DELOITTE LLP

address

watling st, cannock, staffs, ws11 8ll, WS11 1SL

Bank

HSBC BANK PLC

Legal Advisor

DLA PIPER UK LLP

finning holdings 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 4 charges/mortgages relating to finning holdings. Currently there are 0 open charges and 4 have been satisfied in the past.

finning holdings 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.

Click to start generating capital raising & share issue transactions for FINNING HOLDINGS. This can take several minutes, an email will notify you when this has completed.

finning holdings Companies House Filings - See Documents

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