Pomanda estimates the enterprise value of DURHAM HIRE & SALES LTD at £902.1k based on a Turnover of £2.6m and 0.35x industry multiple (adjusted for size and gross margin).
durham hire & sales ltdEstimated Valuation
£1.6m
Pomanda estimates the enterprise value of DURHAM HIRE & SALES LTD at £1.6m based on an EBITDA of £487.2k and a 3.33x industry multiple (adjusted for size and gross margin).
durham hire & sales ltdEstimated Valuation
£444.3k
Pomanda estimates the enterprise value of DURHAM HIRE & SALES LTD at £444.3k based on Net Assets of £171.9k and 2.59x industry multiple (adjusted for liquidity).
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Durham Hire & Sales LtdOverview
Durham Hire & Sales Ltd is a dissolved company that was located in durham, DH7 8JT with a Companies House number of 02223835. It operated in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in February 1988, it's largest shareholder was
paul joseph newman
with a 50% stake. The last turnover for Durham Hire & Sales Ltd was estimated at £2.6m.
Pomanda's financial health check has awarded Durham Hire & Sales Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
6 Strong
1 Regular
5 Weak
Size
annual sales of £2.6m, make it smaller than the average company (£14.9m)
£2.6m - Durham Hire & Sales Ltd
£14.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 79%, show it is growing at a faster rate (7.8%)
79% - Durham Hire & Sales Ltd
7.8% - Industry AVG
Production
with a gross margin of 11.3%, this company has a higher cost of product (16.5%)
11.3% - Durham Hire & Sales Ltd
16.5% - Industry AVG
Profitability
an operating margin of 6.2% make it more profitable than the average company (4.7%)
6.2% - Durham Hire & Sales Ltd
4.7% - Industry AVG
Employees
with 5 employees, this is below the industry average (68)
5 - Durham Hire & Sales Ltd
68 - Industry AVG
Pay Structure
on an average salary of £29.5k, the company has an equivalent pay structure (£29.5k)
£29.5k - Durham Hire & Sales Ltd
£29.5k - Industry AVG
Efficiency
resulting in sales per employee of £522.7k, this is more efficient (£381k)
£522.7k - Durham Hire & Sales Ltd
£381k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is later than average (18 days)
62 days - Durham Hire & Sales Ltd
18 days - Industry AVG
Creditor Days
its suppliers are paid after 143 days, this is slower than average (34 days)
143 days - Durham Hire & Sales Ltd
34 days - Industry AVG
Stock Days
it holds stock equivalent to 18 days, this is less than average (47 days)
18 days - Durham Hire & Sales Ltd
47 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 10 weeks, this is more cash available to meet short term requirements (5 weeks)
10 weeks - Durham Hire & Sales Ltd
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.3%, this is a higher level of debt than the average (72%)
90.3% - Durham Hire & Sales Ltd
72% - Industry AVG
DURHAM HIRE & SALES LTD financials
EXPORT
Durham Hire & Sales Ltd's latest turnover from September 2015 is estimated at £2.6 million and the company has net assets of £171.9 thousand. According to their latest financial statements, we estimate that Durham Hire & Sales Ltd has 5 employees and maintains cash reserves of £183 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2015
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Jun 2010
Turnover
2,613,464
1,537,260
925,670
452,117
274,429
418,496
Other Income Or Grants
Cost Of Sales
2,317,821
1,371,718
825,122
402,412
242,774
367,976
Gross Profit
295,643
165,542
100,548
49,705
31,654
50,520
Admin Expenses
134,128
146,527
105,798
58,315
-21,299
49,978
Operating Profit
161,515
19,015
-5,250
-8,610
52,953
542
Interest Payable
Interest Receivable
574
205
144
58
67
65
Pre-Tax Profit
162,089
19,220
-5,106
-8,552
53,020
607
Tax
-32,418
-4,036
-13,785
-170
Profit After Tax
129,671
15,184
-5,106
-8,552
39,235
437
Dividends Paid
Retained Profit
129,671
15,184
-5,106
-8,552
39,235
437
Employee Costs
147,659
86,883
55,817
27,573
26,983
27,416
Number Of Employees
5
3
2
1
1
1
EBITDA*
487,203
158,955
104,749
-8,610
96,553
5,591
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2015
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Jun 2010
Tangible Assets
984,352
741,090
520,072
130,584
135,754
14,466
Intangible Assets
45,000
60,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,029,352
801,090
520,072
130,584
135,754
14,466
Stock & work in progress
118,105
41,261
30,000
30,000
60,000
57,200
Trade Debtors
449,582
264,653
147,584
76,112
5,310
37,667
Group Debtors
Misc Debtors
Cash
182,998
46,496
35,673
22,098
948
26,013
misc current assets
total current assets
750,685
352,410
213,257
128,210
66,258
120,880
total assets
1,780,037
1,153,500
733,329
258,794
202,012
135,346
Bank overdraft
Bank loan
Trade Creditors
913,143
591,538
345,990
139,448
93,221
129,542
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
913,143
591,538
345,990
139,448
93,221
129,542
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
655,025
503,764
343,082
69,685
49,878
1,365
provisions
40,000
16,000
17,243
17,541
18,241
3,002
total long term liabilities
695,025
519,764
360,325
87,226
68,119
4,367
total liabilities
1,608,168
1,111,302
706,315
226,674
161,340
133,909
net assets
171,869
42,198
27,014
32,120
40,672
1,437
total shareholders funds
171,869
42,198
27,014
32,120
40,672
1,437
Sep 2015
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Jun 2010
Operating Activities
Operating Profit
161,515
19,015
-5,250
-8,610
52,953
542
Depreciation
310,688
139,940
109,999
43,600
5,049
Amortisation
15,000
Tax
-32,418
-4,036
-13,785
-170
Stock
76,844
11,261
-30,000
2,800
57,200
Debtors
184,929
117,069
71,472
70,802
-32,357
37,667
Creditors
321,605
245,548
206,542
46,227
-36,321
129,542
Accruals and Deferred Income
Deferred Taxes & Provisions
24,000
-1,243
-298
-700
15,239
3,002
Cash flow from operations
538,617
270,894
239,521
-3,885
91,243
43,098
Investing Activities
capital expenditure
-553,950
-420,958
-499,487
5,170
-164,888
-19,515
Change in Investments
cash flow from investments
-553,950
-420,958
-499,487
5,170
-164,888
-19,515
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
151,261
160,682
273,397
19,807
48,513
1,365
share issue
1,000
interest
574
205
144
58
67
65
cash flow from financing
151,835
160,887
273,541
19,865
48,580
2,430
cash and cash equivalents
cash
136,502
10,823
13,575
21,150
-25,065
26,013
overdraft
change in cash
136,502
10,823
13,575
21,150
-25,065
26,013
durham hire & sales ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for durham hire & sales ltd. Get real-time insights into durham hire & sales ltd's credit score, group structure and payment trends.
Perform a competitor analysis for durham hire & sales ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in DH7 area or any other competitors across 12 key performance metrics.
durham hire & sales ltd Ownership
DURHAM HIRE & SALES LTD group structure
Durham Hire & Sales Ltd has no subsidiary companies.
Ultimate parent company
DURHAM HIRE & SALES LTD
02223835
DURHAM HIRE & SALES LTD Shareholders
The largest shareholders in Durham Hire & Sales Ltd include Paul Joseph Newman and Neil Donald Carr.
paul joseph newman
50%
neil donald carr
50%
durham hire & sales ltd directors
Durham Hire & Sales Ltd currently has 2 directors.
The longest serving directors include
Mr Paul Newman (Dec 2008) and
Mr Neil Carr (Dec 2008).
77110 - Renting and leasing of cars and light motor vehicles
incorporation date
February 1988
age
37
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Small
last accounts submitted
September 2015
previous names
durham van hire limited (December 2008)
accountant
-
auditor
-
address
osborne business centre, grove terrace, durham, DH7 8JT
Bank
-
Legal Advisor
-
durham hire & sales ltd 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 7 charges/mortgages relating to durham hire & sales ltd. Currently there are 6 open charges and 1 have been satisfied in the past.
durham hire & sales ltd 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.
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durham hire & sales ltdCompanies House Filings - See Documents
