General Construction Equipment Hire Fleet Limited

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general construction equipment hire fleet limited Company Information

Live

MatureMidHealthy

Company Number

01953509

Website

https://www.gcehirefleet.com

Registered Address

bank house broad street,, spalding, lincolnshire, PE11 1TB

Industry

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

Telephone

Next Accounts Due

October 2024

Group Structure

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Directors

Christopher Golborne33 Years

Mark Wilson0 Years

Shareholders

christopher paul golborne 80%

daniel harris 20%

general construction equipment hire fleet limited Estimated Valuation

£7.4m

Pomanda estimates the enterprise value of GENERAL CONSTRUCTION EQUIPMENT HIRE FLEET LIMITED at £7.4m based on Net Assets of £3.8m and 1.94x industry multiple (adjusted for liquidity).

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General Construction Equipment Hire Fleet Limited is a live company located in lincolnshire, PE11 1TB with a Companies House number of 01953509. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in October 1985, it's largest shareholder is christopher paul golborne with a 80% stake. General Construction Equipment Hire Fleet Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded General Construction Equipment Hire Fleet Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £7.6m, make it larger than the average company (£4.6m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (5.6%)

EXPORT

General Construction Equipment Hire Fleet Limited's latest turnover from January 2023 is estimated at £7.6 million and the company has net assets of £3.8 million. According to their latest financial statements, General Construction Equipment Hire Fleet Limited has 6 employees and maintains cash reserves of £16.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	7,612,073	3,944,532	4,403,480	5,470,093	5,758,161	3,792,678	4,534,747	4,959,332	6,974,011	6,084,256	11,681,865	8,559,336	5,919,939	6,746,787
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,743,523	3,009,168	3,363,140	4,136,591	4,306,897	2,816,657	3,351,616	3,680,665	5,258,442	4,497,106	8,554,966	6,161,492	4,152,509	4,874,188
Gross Profit	1,868,551	935,364	1,040,340	1,333,502	1,451,264	976,022	1,183,131	1,278,667	1,715,569	1,587,149	3,126,899	2,397,844	1,767,430	1,872,599
Admin Expenses	1,296,324	449,362	901,533	1,232,177	1,155,044	595,050	992,570	1,331,673	1,381,072	1,149,656	3,053,468	2,340,605	1,407,197	-269,853
Operating Profit	572,227	486,002	138,807	101,325	296,220	380,972	190,561	-53,006	334,497	437,493	73,431	57,239	360,233	2,142,452
Interest Payable	72,614	40,901	42,309	57,075	61,717	34,955	7,066	22,563	26,885	26,585	41,433	30,161	19,721	11,312
Interest Receivable	2,143	140	10	61	52	41	19	60	1,006	975	125	123	667	665
Pre-Tax Profit	501,756	445,241	96,509	44,311	234,554	346,058	183,514	-75,508	308,618	411,883	32,124	27,201	341,179	2,131,804
Tax	-95,334	-84,596	-18,337	-8,419	-44,565	-65,751	-36,703	0	-64,810	-94,733	-7,710	-7,072	-95,530	-596,905
Profit After Tax	406,422	360,645	78,172	35,892	189,989	280,307	146,811	-75,508	243,808	317,150	24,414	20,129	245,649	1,534,899
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	406,422	360,645	78,172	35,892	189,989	280,307	146,811	-75,508	243,808	317,150	24,414	20,129	245,649	1,534,899
Employee Costs	263,757	380,023	375,752	512,269	504,308	365,356	486,308	390,600	1,570,093	1,445,606	2,839,742	2,252,092	1,679,542	1,877,501
Number Of Employees	6	9	9	12	12	9	12	10	41	39	77	62	48	51
EBITDA*	1,002,877	1,189,121	945,419	910,847	1,207,854	1,292,428	807,145	839,211	1,237,462	942,091	567,615	535,863	661,072	2,632,525

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	4,166,151	4,029,178	2,881,985	4,986,678	5,624,164	5,032,125	3,018,249	2,586,762	4,811,832	2,357,044	1,764,040	2,469,756	1,627,887	1,518,031
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	67,430	67,430	67,430	67,430	67,430	56,648	56,648	39,348	39,348	39,348	39,348	39,348	39,348	39,348
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	4,233,581	4,096,608	2,949,415	5,054,108	5,691,594	5,088,773	3,074,897	2,626,110	4,851,180	2,396,392	1,803,388	2,509,104	1,667,235	1,557,379
Stock & work in progress	1,983,428	953,148	865,109	1,035,804	1,069,342	847,547	904,835	927,505	699,468	537,972	1,323,598	1,038,733	440,817	623,920
Trade Debtors	756,321	459,468	732,766	567,913	758,482	515,291	642,114	851,921	1,397,618	1,328,907	2,063,047	1,544,701	948,310	911,038
Group Debtors	573,859	487,800	477,231	540,752	992,455	597,149	395,961	241,237	0	0	0	0	0	0
Misc Debtors	1,814,622	954,389	819,814	824,978	667,992	542,641	308,857	183,046	0	0	0	0	428,735	323,473
Cash	16,362	106,078	6,275	13,763	2,631	11,165	5,398	9,856	14,331	388,025	1,799	48,266	1,093	265,823
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,144,592	2,960,883	2,901,195	2,983,210	3,490,902	2,513,793	2,257,165	2,213,565	2,111,417	2,254,904	3,388,444	2,631,700	1,818,955	2,124,254
total assets	9,378,173	7,057,491	5,850,610	8,037,318	9,182,496	7,602,566	5,332,062	4,839,675	6,962,597	4,651,296	5,191,832	5,140,804	3,486,190	3,681,633
Bank overdraft	787,595	675,506	548,333	791,342	899,780	928,886	146,650	79,466	614,772	212,454	605,542	669,318	258,722	348,070
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	717,876	165,233	243,015	652,744	432,628	219,708	294,663	126,428	290,633	236,722	798,390	301,437	851,717	917,904
Group/Directors Accounts	0	7,992	0	25,376	286,245	331,408	0	204,481	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	845,586	924,724	607,347	1,268,479	1,553,820	1,394,319	733,067	896,072	1,497,523	740,737	824,282	838,442	143,340	360,699
other current liabilities	383,799	190,910	218,857	466,475	615,885	239,725	304,691	444,874	0	0	0	0	0	0
total current liabilities	2,734,856	1,964,365	1,617,552	3,204,416	3,788,358	3,114,046	1,479,071	1,751,321	2,402,928	1,189,913	2,228,214	1,809,197	1,253,779	1,626,673
loans	28,118	37,500	47,500	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	1,931,310	1,089,699	665,397	1,402,825	2,021,193	1,330,807	1,015,927	415,813	1,792,945	1,007,512	869,840	1,250,906	167,803	262,154
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	0	0	0	0	0	0
provisions	875,010	563,470	478,349	466,437	445,197	419,954	379,612	361,900	380,575	311,530	268,587	279,924	283,960	257,807
total long term liabilities	2,834,438	1,690,669	1,191,246	1,869,262	2,466,390	1,750,761	1,395,539	777,713	2,173,520	1,319,042	1,138,427	1,530,830	451,763	519,961
total liabilities	5,569,294	3,655,034	2,808,798	5,073,678	6,254,748	4,864,807	2,874,610	2,529,034	4,576,448	2,508,955	3,366,641	3,340,027	1,705,542	2,146,634
net assets	3,808,879	3,402,457	3,041,812	2,963,640	2,927,748	2,737,759	2,457,452	2,310,641	2,386,149	2,142,341	1,825,191	1,800,777	1,780,648	1,534,999
total shareholders funds	3,808,879	3,402,457	3,041,812	2,963,640	2,927,748	2,737,759	2,457,452	2,310,641	2,386,149	2,142,341	1,825,191	1,800,777	1,780,648	1,534,999

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	572,227	486,002	138,807	101,325	296,220	380,972	190,561	-53,006	334,497	437,493	73,431	57,239	360,233	2,142,452
Depreciation	430,650	703,119	806,612	809,522	911,634	911,456	616,584	892,217	902,965	504,598	494,184	478,624	300,839	490,073
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-95,334	-84,596	-18,337	-8,419	-44,565	-65,751	-36,703	0	-64,810	-94,733	-7,710	-7,072	-95,530	-596,905
Stock	1,030,280	88,039	-170,695	-33,538	221,795	-57,288	-22,670	228,037	161,496	-785,626	284,865	597,916	-183,103	623,920
Debtors	1,243,145	-128,154	96,168	-485,286	763,848	308,149	70,728	-121,414	68,711	-734,140	518,346	167,656	142,534	1,234,511
Creditors	552,643	-77,782	-409,729	220,116	212,920	-74,955	168,235	-164,205	53,911	-561,668	496,953	-550,280	-66,187	917,904
Accruals and Deferred Income	192,889	-27,947	-247,618	-149,410	376,160	-64,966	-140,183	444,874	0	0	0	0	0	0
Deferred Taxes & Provisions	311,540	85,121	11,912	21,240	25,243	40,342	17,712	-18,675	69,045	42,943	-11,337	-4,036	26,153	257,807
Cash flow from operations	-308,810	1,124,032	356,174	1,513,198	791,969	876,237	768,148	994,582	1,065,401	1,848,399	242,310	-791,097	566,077	1,352,900
Investing Activities
capital expenditure	-567,623	-1,850,312	1,298,081	-172,036	-1,503,673	-2,925,332	-1,048,071	1,332,853	-3,357,753	-1,097,602	211,532	-1,320,493	-410,695	-2,008,104
Change in Investments	0	0	0	0	10,782	0	17,300	0	0	0	0	0	0	39,348
cash flow from investments	-567,623	-1,850,312	1,298,081	-172,036	-1,514,455	-2,925,332	-1,065,371	1,332,853	-3,357,753	-1,097,602	211,532	-1,320,493	-410,695	-2,047,452
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-7,992	7,992	-25,376	-260,869	-45,163	331,408	-204,481	204,481	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	-9,382	-10,000	47,500	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	762,473	741,679	-1,398,560	-903,709	849,887	976,132	437,109	-1,978,583	1,542,219	54,127	-395,226	1,778,205	-311,710	622,853
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-70,471	-40,761	-42,299	-57,014	-61,665	-34,914	-7,047	-22,503	-25,879	-25,610	-41,308	-30,038	-19,054	-10,647
cash flow from financing	674,628	698,910	-1,418,735	-1,221,592	743,059	1,272,626	225,581	-1,796,605	1,516,340	28,517	-436,534	1,748,167	-330,764	612,306
cash and cash equivalents
cash	-89,716	99,803	-7,488	11,132	-8,534	5,767	-4,458	-4,475	-373,694	386,226	-46,467	47,173	-264,730	265,823
overdraft	112,089	127,173	-243,009	-108,438	-29,106	782,236	67,184	-535,306	402,318	-393,088	-63,776	410,596	-89,348	348,070
change in cash	-201,805	-27,370	235,521	119,570	20,572	-776,469	-71,642	530,831	-776,012	779,314	17,309	-363,423	-175,382	-82,247

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GENERAL CONSTRUCTION EQUIPMENT HIRE FLEET LIMITED group structure

General Construction Equipment Hire Fleet Limited has no subsidiary companies.

Ultimate parent company

GENERAL CONSTRUCTION EQUIPMENT HIRE FLEET LIMITED

01953509

GENERAL CONSTRUCTION EQUIPMENT HIRE FLEET LIMITED Shareholders

christopher paul golborne	80%
daniel harris	20%

General Construction Equipment Hire Fleet Limited currently has 2 directors. The longest serving directors include Mr Christopher Golborne (Mar 1991) and Mr Mark Wilson (Aug 2023).

officer	country	age	start	end	role
Mr Christopher Golborne	United Kingdom	70 years	Mar 1991	-	Director
Mr Mark Wilson		61 years	Aug 2023	-	Director

P&L

January 2023

turnover

7.6m

+93%

operating profit

572.2k

gross margin

24.6%

+3.52%

turnover

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

Balance Sheet

January 2023

net assets

3.8m

+0.12%

total assets

9.4m

+0.33%

cash

16.4k

-0.85%

net assets

Total assets minus all liabilities

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company number

01953509

Type

Private limited with Share Capital

industry

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

incorporation date

October 1985

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

bank house broad street,, spalding, lincolnshire, PE11 1TB

last accounts submitted

January 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 8 charges/mortgages relating to general construction equipment hire fleet limited. Currently there are 2 open charges and 6 have been satisfied in the past.

general construction equipment hire fleet limited Company Information

general construction equipment hire fleet limited Estimated Valuation

general construction equipment hire fleet limited Estimated Valuation

general construction equipment hire fleet limited Estimated Valuation

General Construction Equipment Hire Fleet Limited Overview

General Construction Equipment Hire Fleet Limited Health Check

GENERAL CONSTRUCTION EQUIPMENT HIRE FLEET LIMITED financials

general construction equipment hire fleet limited Credit Report and Business Information

General Construction Equipment Hire Fleet Limited Competitor Analysis

general construction equipment hire fleet limited Ownership

general construction equipment hire fleet limited directors

general construction equipment hire fleet limited company details

general construction equipment hire fleet limited Charges & Mortgages

general construction equipment hire fleet limited Companies House Filings - See Documents