J. Reid Piano Hire Limited

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j. reid piano hire limited Company Information

Live

MatureMicroDeclining

Company Number

01993360

Website

www.jreid-pianos.co.uk

Registered Address

184 st anns road, tottenham, london, N15 5RP

Industry

Renting and leasing of other personal and household goods (other than media entertainment equipment)

Telephone

02088006907

Next Accounts Due

December 2024

Group Structure

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Directors

John Gregory33 Years

Robert Gregory33 Years

Shareholders

mr robert james gregory 50%

mr john peter gregory 50%

j. reid piano hire limited Estimated Valuation

£482.2k

Pomanda estimates the enterprise value of J. REID PIANO HIRE LIMITED at £482.2k based on Net Assets of £1.1m and 0.46x industry multiple (adjusted for liquidity).

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J. Reid Piano Hire Limited is a live company located in london, N15 5RP with a Companies House number of 01993360. It operates in the renting and leasing of other personal and household goods sector, SIC Code 77299. Founded in February 1986, it's largest shareholder is mr robert james gregory with a 50% stake. J. Reid Piano Hire Limited is a mature, micro sized company, Pomanda has estimated its turnover at £103k with declining growth in recent years.

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Pomanda's financial health check has awarded J. Reid Piano Hire Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £103k, make it smaller than the average company (£652.6k)

Growth

3 year (CAGR) sales growth of -61%, show it is growing at a slower rate (11.9%)

EXPORT

J. Reid Piano Hire Limited's latest turnover from March 2023 is estimated at £103 thousand and the company has net assets of £1.1 million. According to their latest financial statements, we estimate that J. Reid Piano Hire Limited has 2 employees and maintains cash reserves of £333.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	103,017	313,881	414,065	1,785,655	1,268,996	317,783	1,092,268	1,818,165	2,727,221	2,838,506	2,468,924	2,888,382	973,506	981,678
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	25,525	106,218	162,067	704,210	499,969	171,377	846,051	983,548	1,560,316	811,442	1,598,974	1,471,241	412,820	382,961
Gross Profit	77,492	207,662	251,998	1,081,445	769,027	146,405	246,217	834,617	1,166,906	2,027,064	869,950	1,417,142	560,686	598,717
Admin Expenses	67,572	108,842	203,782	1,121,836	791,788	-3,637	230,075	763,424	1,233,190	2,042,452	875,436	1,387,839	531,091	-539,882
Operating Profit	9,920	98,820	48,216	-40,391	-22,761	150,042	16,142	71,193	-66,284	-15,388	-5,486	29,303	29,595	1,138,599
Interest Payable	4,655	3,375	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	13,731	2,486	271	236	2,650	1,850	715	1,212	1,352	1,719	1,534	1,616	1,885	872
Pre-Tax Profit	18,995	97,931	46,962	-40,155	-20,111	151,893	16,858	72,405	-64,932	-13,669	-3,952	30,919	31,481	1,139,471
Tax	-3,609	-18,607	-8,923	0	0	-28,860	-3,371	-14,481	0	0	0	-8,039	-8,815	-319,052
Profit After Tax	15,386	79,324	38,039	-40,155	-20,111	123,033	13,486	57,924	-64,932	-13,669	-3,952	22,880	22,666	820,419
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	15,386	79,324	38,039	-40,155	-20,111	123,033	13,486	57,924	-64,932	-13,669	-3,952	22,880	22,666	820,419
Employee Costs	44,467	115,614	151,035	521,757	307,447	114,353	395,424	665,987	1,034,163	1,075,702	900,086	1,110,414	366,171	364,807
Number Of Employees	2	6	8	26	16	5	20	35	54	57	54	66	20	20
EBITDA*	14,417	105,402	48,316	-40,278	-22,583	150,279	16,142	71,614	-65,722	-14,639	911	38,250	38,986	1,148,582

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	25,486	29,983	300	400	533	711	948	1,264	1,685	2,247	2,996	9,393	18,340	7,101
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	20,630
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	25,486	29,983	300	400	533	711	948	1,264	1,685	2,247	2,996	9,393	18,340	27,731
Stock & work in progress	440,913	551,320	565,645	674,764	720,289	621,577	616,690	619,262	504,957	520,429	522,250	659,205	522,657	532,769
Trade Debtors	2,440	13,092	6,929	130,011	71,103	26,700	38,102	119,362	156,126	131,851	145,550	120,294	31,130	32,891
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	408,268	263,553	236,799	100,733	84,189	81,365	81,497	0	0	0	0	0	74,849	83,725
Cash	333,772	312,377	350,475	191,586	279,725	426,915	313,127	258,925	225,834	315,012	372,686	240,996	405,490	348,629
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,185,393	1,140,342	1,159,848	1,097,094	1,155,306	1,156,557	1,049,416	997,549	886,917	967,292	1,040,486	1,020,495	1,034,126	998,014
total assets	1,210,879	1,170,325	1,160,148	1,097,494	1,155,839	1,157,268	1,050,364	998,813	888,602	969,539	1,043,482	1,029,888	1,052,466	1,025,745
Bank overdraft	9,982	50,000	50,000	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	2,074	9,043	66,079	66,234	66,085	57,262	87,572	157,377	105,090	121,095	181,369	163,823	40,696	27,839
Group/Directors Accounts	39,193	47,193	62,193	101,193	0	78,193	0	0	0	0	0	0	54,619	54,620
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	78,341	29,037	26,148	12,378	131,910	43,858	107,870	0	0	0	0	0	113,966	122,767
total current liabilities	129,590	135,273	204,420	179,805	197,995	179,313	195,442	157,377	105,090	121,095	181,369	163,823	209,281	205,226
loans	30,851	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	30,851	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	160,441	135,273	204,420	179,805	197,995	179,313	195,442	157,377	105,090	121,095	181,369	163,823	209,281	205,226
net assets	1,050,438	1,035,052	955,728	917,689	957,844	977,955	854,922	841,436	783,512	848,444	862,113	866,065	843,185	820,519
total shareholders funds	1,050,438	1,035,052	955,728	917,689	957,844	977,955	854,922	841,436	783,512	848,444	862,113	866,065	843,185	820,519

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	9,920	98,820	48,216	-40,391	-22,761	150,042	16,142	71,193	-66,284	-15,388	-5,486	29,303	29,595	1,138,599
Depreciation	4,497	6,582	100	113	178	237	0	421	562	749	6,397	8,947	1,775	2,367
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	7,616	7,616
Tax	-3,609	-18,607	-8,923	0	0	-28,860	-3,371	-14,481	0	0	0	-8,039	-8,815	-319,052
Stock	-110,407	-14,325	-109,119	-45,525	98,712	4,887	-2,572	114,305	-15,472	-1,821	-136,955	136,548	-10,112	532,769
Debtors	134,063	32,917	12,984	75,452	47,227	-11,534	237	-36,764	24,275	-13,699	25,256	14,315	-10,637	116,616
Creditors	-6,969	-57,036	-155	149	8,823	-30,310	-69,805	52,287	-16,005	-60,274	17,546	123,127	12,857	27,839
Accruals and Deferred Income	49,304	2,889	13,770	-119,532	88,052	-64,012	107,870	0	0	0	0	-113,966	-8,801	122,767
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	29,487	14,056	149,143	-189,588	-71,647	33,744	53,171	31,879	-90,530	-59,393	130,156	-111,491	54,976	330,751
Investing Activities
capital expenditure	0	-36,265	0	20	0	0	316	0	0	0	0	0	0	-37,714
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-36,265	0	20	0	0	316	0	0	0	0	0	0	-37,714
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-8,000	-15,000	-39,000	101,193	-78,193	78,193	0	0	0	0	0	-54,619	-1	54,620
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	30,851	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	9,076	-889	-1,254	236	2,650	1,850	715	1,212	1,352	1,719	1,534	1,616	1,885	872
cash flow from financing	31,927	-15,889	-40,254	101,429	-75,543	80,043	715	1,212	1,352	1,719	1,534	-53,003	1,884	55,592
cash and cash equivalents
cash	21,395	-38,098	158,889	-88,139	-147,190	113,788	54,202	33,091	-89,178	-57,674	131,690	-164,494	56,861	348,629
overdraft	-40,018	0	50,000	0	0	0	0	0	0	0	0	0	0	0
change in cash	61,413	-38,098	108,889	-88,139	-147,190	113,788	54,202	33,091	-89,178	-57,674	131,690	-164,494	56,861	348,629

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 j. reid piano hire limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in N15 area or any other competitors across 12 key performance metrics.

J. REID PIANO HIRE LIMITED group structure

J. Reid Piano Hire Limited has no subsidiary companies.

Ultimate parent company

J. REID PIANO HIRE LIMITED

01993360

J. REID PIANO HIRE LIMITED Shareholders

mr robert james gregory	50%
mr john peter gregory	50%

J. Reid Piano Hire Limited currently has 2 directors. The longest serving directors include Mr John Gregory (Jul 1991) and Mr Robert Gregory (Jul 1991).

officer	country	age	start	end	role
Mr John Gregory		70 years	Jul 1991	-	Director
Mr Robert Gregory		75 years	Jul 1991	-	Director

P&L

March 2023

turnover

103k

-67%

operating profit

9.9k

gross margin

75.3%

+13.7%

turnover

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

Balance Sheet

March 2023

net assets

1.1m

+0.01%

total assets

1.2m

+0.03%

cash

333.8k

+0.07%

net assets

Total assets minus all liabilities

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company number

01993360

Type

Private limited with Share Capital

industry

77299 - Renting and leasing of other personal and household goods (other than media entertainment equipment)

incorporation date

February 1986

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

184 st anns road, tottenham, london, N15 5RP

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 did not find charges/mortgages relating to j. reid piano hire limited.

j. reid piano hire limited Company Information

j. reid piano hire limited Estimated Valuation

j. reid piano hire limited Estimated Valuation

j. reid piano hire limited Estimated Valuation

J. Reid Piano Hire Limited Overview

J. Reid Piano Hire Limited Health Check

J. REID PIANO HIRE LIMITED financials

j. reid piano hire limited Credit Report and Business Information

J. Reid Piano Hire Limited Competitor Analysis

j. reid piano hire limited Ownership

j. reid piano hire limited directors

j. reid piano hire limited company details

j. reid piano hire limited Charges & Mortgages

j. reid piano hire limited Companies House Filings - See Documents