Msm/drh Limited

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msm/drh limited Company Information

Live

MatureMidHealthy

Company Number

01839492

Website

www.msmdrh.co.uk

Registered Address

tonero house buckholt drive, worcester, worcestershire, WR4 9ND

Industry

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

Agents involved in the sale of machinery, industrial equipment, ships and aircraft

Telephone

01684564792

Next Accounts Due

November 2024

Group Structure

View All

Directors

Christine Waring16 Years

Alan Barnes16 Years

View All

Shareholders

msm forklift services ltd 100%

msm/drh limited Estimated Valuation

£2.4m - £5m

The estimated valuation range for msm/drh limited, derived from financial data as of February 2023 and the most recent industry multiples, is between £2.4m to £5m

Get a detailed valuation report, edit figures and unlock valuation multiples.

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Msm/drh Limited is a live company located in worcestershire, WR4 9ND with a Companies House number of 01839492. It operates in the agents involved in the sale of machinery, industrial equipment, ships and aircraft sector, SIC Code 46140. Founded in August 1984, it's largest shareholder is msm forklift services ltd with a 100% stake. Msm/drh Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Msm/Drh Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £6.7m, make it smaller than the average company (£12.6m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (4.7%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MSM/DRH LIMITED group structure

Msm/Drh Limited has no subsidiary companies.

Ultimate parent company

MSM FORKLIFT SERVICES LTD

06396531

1 parent

MSM/DRH LIMITED

01839492

MSM/DRH LIMITED Shareholders

msm forklift services ltd

100%

Msm/Drh Limited currently has 3 directors. The longest serving directors include Ms Christine Waring (Nov 2007) and Mr Alan Barnes (Nov 2007).

officer	country	age	start	end	role
Ms Christine Waring	England	59 years	Nov 2007	-	Director
Mr Alan Barnes	England	55 years	Nov 2007	-	Director
Mr Dean Tandy	England	51 years	Nov 2007	-	Director

EXPORT

Msm/Drh Limited's latest turnover from February 2023 is estimated at £6.7 million and the company has net assets of £2.7 million. According to their latest financial statements, Msm/Drh Limited has 34 employees and maintains cash reserves of £812.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	6,713,316	5,748,666	4,431,817	5,133,391	4,998,916	4,356,641	3,736,953	3,718,710	2,849,283	2,111,712	1,662,703	1,340,285	1,233,858	1,237,304
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,327,259	3,789,702	2,979,005	3,432,583	3,355,556	2,910,857	2,533,139	2,485,299	1,879,965	1,411,853	1,109,149	852,659	783,825	775,696
Gross Profit	2,386,057	1,958,964	1,452,812	1,700,807	1,643,359	1,445,783	1,203,814	1,233,411	969,319	699,859	553,554	487,626	450,033	461,608
Admin Expenses	2,085,694	1,353,035	1,214,961	1,589,741	1,308,468	1,215,471	1,062,288	991,880	699,905	439,349	415,124	381,602	396,998	191,889
Operating Profit	300,363	605,929	237,851	111,066	334,891	230,312	141,526	241,531	269,414	260,510	138,430	106,024	53,035	269,719
Interest Payable	0	0	0	0	0	0	0	0	0	4,244	8,943	10,062	10,578	5,216
Interest Receivable	28,110	2,663	425	2,807	3,321	2,741	1,194	1,658	1,348	1,122	762	468	294	88
Pre-Tax Profit	328,473	608,593	238,275	113,873	338,212	233,053	142,720	243,189	270,762	257,388	130,249	96,430	42,750	264,590
Tax	-62,410	-115,633	-45,272	-21,636	-64,260	-44,280	-28,544	-48,638	-56,860	-59,199	-31,260	-25,072	-11,970	-74,085
Profit After Tax	266,063	492,960	193,003	92,237	273,952	188,773	114,176	194,551	213,902	198,189	98,989	71,358	30,780	190,505
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	266,063	492,960	193,003	92,237	273,952	188,773	114,176	194,551	213,902	198,189	98,989	71,358	30,780	190,505
Employee Costs	1,556,652	1,552,037	1,112,630	1,321,693	1,243,720	1,202,861	1,082,605	877,864	537,152	361,448	289,320	249,874	244,395	243,070
Number Of Employees	34	35	27	32	31	31	28	23	14	10	8	7	7	7
EBITDA*	678,934	925,290	508,713	395,031	564,321	436,066	345,354	421,548	389,430	357,543	223,467	174,835	132,583	355,549

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	1,747,618	1,455,762	1,288,890	1,213,518	1,098,537	850,182	857,708	758,287	537,562	373,344	619,804	533,564	528,011	530,491
Intangible Assets	0	0	0	0	0	0	0	0	0	0	875	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	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,747,618	1,455,762	1,288,890	1,213,518	1,098,537	850,182	857,708	758,287	537,562	373,344	620,679	533,564	528,011	530,491
Stock & work in progress	1,874,871	1,362,522	996,787	1,082,028	1,140,902	840,818	626,924	699,749	541,579	308,237	227,871	178,859	169,890	152,087
Trade Debtors	514,386	572,362	564,572	545,805	442,305	487,467	583,279	441,423	392,572	347,174	225,154	212,268	184,760	193,026
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	15,273	10,951	15,823	14,529	14,666	17,052	18,444	15,869	0	0	0	0	0	0
Cash	812,174	593,308	472,001	377,302	371,134	514,530	581,895	372,986	290,311	248,760	200,057	104,816	82,341	35,079
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,216,704	2,539,143	2,049,183	2,019,664	1,969,007	1,859,867	1,810,542	1,530,027	1,224,462	904,171	653,082	495,943	436,991	380,192
total assets	4,964,322	3,994,905	3,338,073	3,233,182	3,067,544	2,710,049	2,668,250	2,288,314	1,762,024	1,277,515	1,273,761	1,029,507	965,002	910,683
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,255,934	742,397	590,125	688,697	616,822	653,317	401,994	515,812	617,373	456,007	444,919	320,726	337,967	289,772
Group/Directors Accounts	175,000	150,000	150,000	300,000	222,000	100,000	300,000	39,509	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	38,166	56,124	29,017	65,392	82,760	109,751	145,726	121,073	0	0	0	0	0	0
other current liabilities	374,898	337,987	412,960	210,345	253,576	223,249	266,688	127,821	0	0	0	0	0	0
total current liabilities	1,843,998	1,286,508	1,182,102	1,264,434	1,175,158	1,086,317	1,114,408	804,215	617,373	456,007	444,919	320,726	337,967	289,772
loans	0	0	0	0	0	0	0	0	0	0	130,576	144,604	164,998	160,493
hp & lease commitments	0	38,427	11,996	42,913	92,911	129,813	247,323	297,072	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	0	0	0	0	0	0	0	0	196,803	129,750	143,230	113,568	95,630	138,117
provisions	460,886	276,595	243,560	218,423	184,300	152,696	154,069	148,753	104,125	61,937	38,042	32,604	19,760	6,434
total long term liabilities	460,886	315,022	255,556	261,336	277,211	282,509	401,392	445,825	300,928	191,687	311,848	290,776	280,388	305,044
total liabilities	2,304,884	1,601,530	1,437,658	1,525,770	1,452,369	1,368,826	1,515,800	1,250,040	918,301	647,694	756,767	611,502	618,355	594,816
net assets	2,659,438	2,393,375	1,900,415	1,707,412	1,615,175	1,341,223	1,152,450	1,038,274	843,723	629,821	516,994	418,005	346,647	315,867
total shareholders funds	2,659,438	2,393,375	1,900,415	1,707,412	1,615,175	1,341,223	1,152,450	1,038,274	843,723	629,821	516,994	418,005	346,647	315,867

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	300,363	605,929	237,851	111,066	334,891	230,312	141,526	241,531	269,414	260,510	138,430	106,024	53,035	269,719
Depreciation	378,571	319,361	270,862	283,965	229,430	205,754	203,828	180,017	120,016	96,158	84,412	68,811	79,548	85,830
Amortisation	0	0	0	0	0	0	0	0	0	875	625	0	0	0
Tax	-62,410	-115,633	-45,272	-21,636	-64,260	-44,280	-28,544	-48,638	-56,860	-59,199	-31,260	-25,072	-11,970	-74,085
Stock	512,349	365,735	-85,241	-58,874	300,084	213,894	-72,825	158,170	233,342	80,366	49,012	8,969	17,803	152,087
Debtors	-53,654	2,918	20,061	103,363	-47,548	-97,204	144,431	64,720	45,398	122,020	12,886	27,508	-8,266	193,026
Creditors	513,537	152,272	-98,572	71,875	-36,495	251,323	-113,818	-101,561	161,366	11,088	124,193	-17,241	48,195	289,772
Accruals and Deferred Income	36,911	-74,973	202,615	-43,231	30,327	-43,439	138,867	127,821	0	0	0	0	0	0
Deferred Taxes & Provisions	184,291	33,035	25,137	34,123	31,604	-1,373	5,316	44,628	42,188	23,895	5,438	12,844	13,326	6,434
Cash flow from operations	892,568	551,338	657,801	391,673	272,961	481,607	275,569	220,908	257,384	130,941	259,940	108,889	172,597	232,557
Investing Activities
capital expenditure	-670,427	-486,233	-346,234	-398,946	-477,785	-198,228	-303,249	-400,742	-284,234	150,302	-172,152	-74,364	-77,068	-616,321
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-670,427	-486,233	-346,234	-398,946	-477,785	-198,228	-303,249	-400,742	-284,234	150,302	-172,152	-74,364	-77,068	-616,321
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	25,000	0	-150,000	78,000	122,000	-200,000	260,491	39,509	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	0	0	0	0	0	0	0	0	0	-130,576	-14,028	-20,394	4,505	160,493
Hire Purchase and Lease Commitments	-56,385	53,538	-67,292	-67,366	-63,893	-153,485	-25,096	418,145	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-196,803	67,053	-13,480	29,662	17,938	-42,487	138,117
share issue	0	0	0	0	0	0	0	0	0	-85,362	0	0	0	125,362
interest	28,110	2,663	425	2,807	3,321	2,741	1,194	1,658	1,348	-3,122	-8,181	-9,594	-10,284	-5,128
cash flow from financing	-3,275	56,201	-216,867	13,441	61,428	-350,744	236,589	262,509	68,401	-232,540	7,453	-12,050	-48,266	418,844
cash and cash equivalents
cash	218,866	121,307	94,699	6,168	-143,396	-67,365	208,909	82,675	41,551	48,703	95,241	22,475	47,262	35,079
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	218,866	121,307	94,699	6,168	-143,396	-67,365	208,909	82,675	41,551	48,703	95,241	22,475	47,262	35,079

P&L

February 2023

turnover

6.7m

+17%

operating profit

300.4k

gross margin

35.6%

+4.3%

turnover

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

Balance Sheet

February 2023

net assets

2.7m

+0.11%

total assets

+0.24%

cash

812.2k

+0.37%

net assets

Total assets minus all liabilities

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company number

01839492

Type

Private limited with Share Capital

industry

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

46140 - Agents involved in the sale of machinery, industrial equipment, ships and aircraft

incorporation date

August 1984

age

accounts

Total Exemption Full

ultimate parent company

MSM FORKLIFT SERVICES LTD

previous names

d.r.h. forklifts (malvern) limited (November 1992)

incorporated

address

tonero house buckholt drive, worcester, worcestershire, WR4 9ND

last accounts submitted

February 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 7 charges/mortgages relating to msm/drh limited. Currently there are 1 open charges and 6 have been satisfied in the past.

msm/drh limited Company Information

msm/drh limited Estimated Valuation

msm/drh limited Estimated Valuation

msm/drh limited Estimated Valuation

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MSM/DRH LIMITED financials

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msm/drh limited Companies House Filings - See Documents