Central Tool Hire Limited

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central tool hire limited Company Information

Live

MatureSmallHealthy

Company Number

01837120

Website

www.central-tool-hire.co.uk

Registered Address

unit c11a, the albert bygrave retail park, st albans, hertfordshire, AL2 1DL

Industry

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

Specialised construction activities (other than scaffold erection) n.e.c.

Telephone

01727846999

Next Accounts Due

January 2025

Group Structure

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Directors

Kenneth White32 Years

Cheryl Davey3 Years

Shareholders

kenneth frederick white 67%

cheryl ann davey 33%

central tool hire limited Estimated Valuation

£320.6k

Pomanda estimates the enterprise value of CENTRAL TOOL HIRE LIMITED at £320.6k based on a Turnover of £604.8k and 0.53x industry multiple (adjusted for size and gross margin).

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Central Tool Hire Limited is a live company located in st albans, AL2 1DL with a Companies House number of 01837120. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in July 1984, it's largest shareholder is kenneth frederick white with a 67% stake. Central Tool Hire Limited is a mature, small sized company, Pomanda has estimated its turnover at £604.8k with healthy growth in recent years.

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

Health Rating4out of 5

3 Strong

5 Regular

4 Weak

Size

annual sales of £604.8k, make it smaller than the average company (£7.8m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (6.3%)

EXPORT

Central Tool Hire Limited's latest turnover from April 2023 is estimated at £604.8 thousand and the company has net assets of £92.9 thousand. According to their latest financial statements, Central Tool Hire Limited has 6 employees and maintains cash reserves of £76.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	604,809	517,974	758,243	489,678	567,172	726,717	784,850	802,883	1,202,188	974,868	838,734	1,053,387	956,918	965,325
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	391,958	339,927	512,934	330,789	376,147	478,909	525,471	544,820	804,436	655,541	555,343	669,622	600,767	606,073
Gross Profit	212,851	178,047	245,309	158,889	191,025	247,807	259,379	258,063	397,752	319,327	283,391	383,765	356,151	359,252
Admin Expenses	244,899	134,064	204,519	159,286	277,922	242,090	314,196	327,930	341,528	340,022	331,925	359,068	405,241	-49,180
Operating Profit	-32,048	43,983	40,790	-397	-86,897	5,717	-54,817	-69,867	56,224	-20,695	-48,534	24,697	-49,090	408,432
Interest Payable	3,720	3,076	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	4,456	850	55	9	21	11	7	292	342	149	202	201	194	105
Pre-Tax Profit	-31,313	41,757	39,320	-388	-86,876	5,728	-54,810	-69,575	56,566	-20,546	-48,332	24,899	-48,896	408,538
Tax	0	-7,934	-7,471	0	0	-1,088	0	0	-11,313	0	0	-5,976	0	-114,390
Profit After Tax	-31,313	33,823	31,849	-388	-86,876	4,640	-54,810	-69,575	45,253	-20,546	-48,332	18,923	-48,896	294,147
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-31,313	33,823	31,849	-388	-86,876	4,640	-54,810	-69,575	45,253	-20,546	-48,332	18,923	-48,896	294,147
Employee Costs	266,359	255,682	279,474	244,405	242,045	314,551	343,822	338,223	301,794	221,640	213,458	281,723	242,950	265,730
Number Of Employees	6	6	7	6	6	8	9	9	8	6	6	8	7	8
EBITDA*	-7,517	66,140	62,484	22,428	-62,219	40,676	-19,909	-23,109	103,466	23,079	7,324	69,230	-4,267	461,441

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	76,856	70,542	67,170	71,091	65,663	106,061	107,501	144,733	174,543	137,006	174,673	138,684	144,503	183,801
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	50,558	50,558	50,558	0	0	0	0	0	0
Total Fixed Assets	76,856	70,542	67,170	71,091	65,663	156,619	158,059	195,291	174,543	137,006	174,673	138,684	144,503	183,801
Stock & work in progress	1,253	1,423	3,130	1,907	4,030	5,037	8,550	11,085	9,664	13,108	17,248	19,561	18,869	17,953
Trade Debtors	103,268	80,802	161,555	81,243	96,970	133,447	137,286	143,132	242,556	217,755	185,607	246,844	212,555	213,370
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	6,958	5,198	3,718	49,107	56,132	17,290	19,135	26,695	0	0	0	0	260	2,960
Cash	76,462	133,227	93,399	17,013	1,887	3,689	857	4,434	112,526	24,187	35,601	45,108	35,413	42,136
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	187,941	220,650	261,802	149,270	159,019	159,463	165,828	185,346	364,746	255,050	238,456	311,513	267,097	276,419
total assets	264,797	291,192	328,972	220,361	224,682	316,082	323,887	380,637	539,289	392,056	413,129	450,197	411,600	460,220
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	10,000	10,000	9,167	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	70,903	62,667	84,174	46,325	73,162	77,553	85,667	76,797	222,448	150,777	122,476	144,534	137,725	126,295
Group/Directors Accounts	0	0	0	0	0	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
hp & lease commitments	0	0	0	15,250	16,460	18,756	21,787	26,083	0	0	0	0	0	0
other current liabilities	54,007	51,205	94,536	85,968	62,743	62,698	44,858	41,807	0	0	0	0	0	0
total current liabilities	134,910	123,872	187,877	147,543	152,365	159,007	152,312	144,687	222,448	150,777	122,476	144,534	137,725	126,295
loans	21,447	31,146	40,833	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	14,278	13,389	11,271	14,254	16,597	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	9,371	0	5,015	0	0	0	0	0	24,450	20,983	49,811	16,489	3,624	14,778
provisions	6,170	11,962	4,858	0	0	0	16,157	23,379	26,842	0	0	0	0	0
total long term liabilities	36,988	43,108	50,706	14,278	13,389	11,271	30,411	39,976	51,292	20,983	49,811	16,489	3,624	14,778
total liabilities	171,898	166,980	238,583	161,821	165,754	170,278	182,723	184,663	273,740	171,760	172,287	161,023	141,349	141,073
net assets	92,899	124,212	90,389	58,540	58,928	145,804	141,164	195,974	265,549	220,296	240,842	289,174	270,251	319,147
total shareholders funds	92,899	124,212	90,389	58,540	58,928	145,804	141,164	195,974	265,549	220,296	240,842	289,174	270,251	319,147

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-32,048	43,983	40,790	-397	-86,897	5,717	-54,817	-69,867	56,224	-20,695	-48,534	24,697	-49,090	408,432
Depreciation	24,531	22,157	21,694	22,825	24,678	34,959	34,908	46,758	47,242	43,774	55,858	44,533	44,823	53,009
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-7,934	-7,471	0	0	-1,088	0	0	-11,313	0	0	-5,976	0	-114,390
Stock	-170	-1,707	1,223	-2,123	-1,007	-3,513	-2,535	1,421	-3,444	-4,140	-2,313	692	916	17,953
Debtors	24,226	-79,273	34,923	-22,752	-48,193	-5,684	-13,406	-22,171	24,801	32,148	-61,237	34,029	-3,515	216,330
Creditors	8,236	-21,507	37,849	-26,837	-4,391	-8,114	8,870	-145,651	71,671	28,301	-22,058	6,809	11,430	126,295
Accruals and Deferred Income	2,802	-43,331	8,568	23,225	45	17,840	3,051	41,807	0	0	0	0	0	0
Deferred Taxes & Provisions	-5,792	7,104	4,858	0	0	-16,157	-7,222	-3,463	26,842	0	0	0	0	0
Cash flow from operations	-26,327	81,452	70,142	43,691	-17,365	42,354	731	-109,666	169,309	23,372	48,816	35,342	9,762	239,063
Investing Activities
capital expenditure	-30,845	-25,529	-17,773	-28,253	15,720	-33,519	2,324	-16,948	-84,779	-6,107	-91,847	-38,714	-5,525	-236,810
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-30,845	-25,529	-17,773	-28,253	15,720	-33,519	2,324	-16,948	-84,779	-6,107	-91,847	-38,714	-5,525	-236,810
Financing Activities
Bank loans	0	833	9,167	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	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
Long term loans	-9,699	-9,687	40,833	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-29,528	-321	-178	-6,014	-6,639	42,680	0	0	0	0	0	0
other long term liabilities	9,371	-5,015	5,015	0	0	0	0	-24,450	3,467	-28,828	33,322	12,865	-11,154	14,778
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	25,000
interest	736	-2,226	-1,470	9	21	11	7	292	342	149	202	201	194	105
cash flow from financing	408	-16,095	24,017	-312	-157	-6,003	-6,632	18,522	3,809	-28,679	33,524	13,066	-10,960	39,883
cash and cash equivalents
cash	-56,765	39,828	76,386	15,126	-1,802	2,832	-3,577	-108,092	88,339	-11,414	-9,507	9,695	-6,723	42,136
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-56,765	39,828	76,386	15,126	-1,802	2,832	-3,577	-108,092	88,339	-11,414	-9,507	9,695	-6,723	42,136

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 central tool hire limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in AL2 area or any other competitors across 12 key performance metrics.

CENTRAL TOOL HIRE LIMITED group structure

Central Tool Hire Limited has no subsidiary companies.

Ultimate parent company

CENTRAL TOOL HIRE LIMITED

01837120

CENTRAL TOOL HIRE LIMITED Shareholders

kenneth frederick white	67%
cheryl ann davey	33%

Central Tool Hire Limited currently has 2 directors. The longest serving directors include Mr Kenneth White (Dec 1991) and Mrs Cheryl Davey (Feb 2021).

officer	country	age	start	end	role
Mr Kenneth White	England	79 years	Dec 1991	-	Director
Mrs Cheryl Davey	England	53 years	Feb 2021	-	Director

P&L

April 2023

turnover

604.8k

+17%

operating profit

-32k

gross margin

35.2%

+2.38%

turnover

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

Balance Sheet

April 2023

net assets

92.9k

-0.25%

total assets

264.8k

-0.09%

cash

76.5k

-0.43%

net assets

Total assets minus all liabilities

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company number

01837120

Type

Private limited with Share Capital

industry

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

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

July 1984

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit c11a, the albert bygrave retail park, st albans, hertfordshire, AL2 1DL

last accounts submitted

April 2023

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 3 charges/mortgages relating to central tool hire limited. Currently there are 0 open charges and 3 have been satisfied in the past.

central tool hire limited Company Information

central tool hire limited Estimated Valuation

central tool hire limited Estimated Valuation

central tool hire limited Estimated Valuation

Central Tool Hire Limited Overview

Central Tool Hire Limited Health Check

CENTRAL TOOL HIRE LIMITED financials

central tool hire limited Credit Report and Business Information

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central tool hire limited Ownership

central tool hire limited directors

central tool hire limited company details

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central tool hire limited Companies House Filings - See Documents