tower leasing limited
tower leasing limited Company Information
Company Number
02296333
Next Accounts
78 days late
Industry
Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Shareholders
adam barron
chrome holdings ltd
View AllGroup Structure
View All
Contact
Registered Address
the columbia centre 2nd floor, station road, bracknell, berkshire, RG12 1LP
Website
www.towerleasing.co.uktower leasing limited Estimated Valuation
Pomanda estimates the enterprise value of TOWER LEASING LIMITED at £16.1m based on a Turnover of £13.3m and 1.21x industry multiple (adjusted for size and gross margin).
tower leasing limited Estimated Valuation
Pomanda estimates the enterprise value of TOWER LEASING LIMITED at £36m based on an EBITDA of £6.7m and a 5.35x industry multiple (adjusted for size and gross margin).
tower leasing limited Estimated Valuation
Pomanda estimates the enterprise value of TOWER LEASING LIMITED at £36.3m based on Net Assets of £16m and 2.28x industry multiple (adjusted for liquidity).
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Tower Leasing Limited Overview
Tower Leasing Limited is a live company located in bracknell, RG12 1LP with a Companies House number of 02296333. It operates in the renting and leasing of other machinery, equipment and tangible goods n.e.c. sector, SIC Code 77390. Founded in September 1988, it's largest shareholder is adam barron with a 41.6% stake. Tower Leasing Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13.3m with high growth in recent years.
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Tower Leasing Limited Health Check
Pomanda's financial health check has awarded Tower Leasing Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
2 Weak
Size
annual sales of £13.3m, make it larger than the average company (£9.1m)
£13.3m - Tower Leasing Limited
£9.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (5.9%)
22% - Tower Leasing Limited
5.9% - Industry AVG
Production
with a gross margin of 92.5%, this company has a lower cost of product (48.4%)
92.5% - Tower Leasing Limited
48.4% - Industry AVG
Profitability
an operating margin of 50.2% make it more profitable than the average company (13.8%)
50.2% - Tower Leasing Limited
13.8% - Industry AVG
Employees
with 51 employees, this is above the industry average (37)
51 - Tower Leasing Limited
37 - Industry AVG
Pay Structure
on an average salary of £45.1k, the company has an equivalent pay structure (£45.1k)
- Tower Leasing Limited
£45.1k - Industry AVG
Efficiency
resulting in sales per employee of £260.3k, this is more efficient (£200.3k)
£260.3k - Tower Leasing Limited
£200.3k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (64 days)
3 days - Tower Leasing Limited
64 days - Industry AVG
Creditor Days
its suppliers are paid after 309 days, this is slower than average (49 days)
309 days - Tower Leasing Limited
49 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Tower Leasing Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (6 weeks)
2 weeks - Tower Leasing Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85%, this is a higher level of debt than the average (65.7%)
85% - Tower Leasing Limited
65.7% - Industry AVG
TOWER LEASING LIMITED financials
Tower Leasing Limited's latest turnover from December 2022 is £13.3 million and the company has net assets of £16 million. According to their latest financial statements, Tower Leasing Limited has 51 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 13,277,076 | 8,296,862 | 6,594,138 | 7,368,632 | 6,399,094 | 5,132,407 | 4,177,383 | 3,544,393 | 2,767,690 | 2,695,572 | 2,603,586 | 2,547,054 | 2,350,252 | 2,501,736 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 990,111 | 386,773 | 222,464 | 483,812 | 390,274 | 348,059 | 389,777 | 324,388 | ||||||
| Gross Profit | 12,286,965 | 7,910,089 | 6,371,674 | 6,884,820 | 6,008,820 | 4,784,348 | 3,787,606 | 3,220,005 | ||||||
| Admin Expenses | 5,626,121 | 3,923,841 | 3,739,034 | 4,108,442 | 3,913,070 | 3,085,711 | 1,361,389 | 2,204,599 | ||||||
| Operating Profit | 6,660,844 | 3,986,248 | 2,632,640 | 2,776,378 | 2,095,750 | 1,698,637 | 2,426,217 | 1,015,406 | 972,466 | 1,050,810 | 935,761 | 860,259 | 617,198 | 292,160 |
| Interest Payable | 2,987,115 | 1,782,524 | 1,433,438 | 1,261,736 | 935,837 | 496,437 | 343,881 | 306,790 | 100,970 | 6,270 | 4,420 | 7,779 | 9,560 | 11,425 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 |
| Pre-Tax Profit | 3,673,729 | 2,203,724 | 1,199,202 | 1,514,642 | 1,159,913 | 1,202,200 | 2,082,336 | 708,616 | 871,496 | 1,044,540 | 931,341 | 852,480 | 607,638 | 280,744 |
| Tax | -583,745 | -79,147 | 20,570 | -378,451 | -229,500 | -261,240 | -384,640 | -161,552 | -199,262 | -280,058 | -244,930 | -243,702 | -167,845 | -81,436 |
| Profit After Tax | 3,089,984 | 2,124,577 | 1,219,772 | 1,136,191 | 930,413 | 940,960 | 1,697,696 | 547,064 | 672,234 | 764,482 | 686,411 | 608,778 | 439,793 | 199,308 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100,340 | 240,870 | 308,850 | 241,981 | 218,098 | 50,000 | 52,776 |
| Retained Profit | 3,189,436 | 2,124,577 | 1,219,772 | 1,136,191 | 930,413 | 940,960 | 1,697,696 | 446,724 | 431,364 | 455,632 | 444,430 | 390,680 | 389,793 | 146,532 |
| Employee Costs | 1,077,850 | 1,120,036 | 1,241,639 | 1,554,746 | ||||||||||
| Number Of Employees | 51 | 43 | 46 | 48 | 46 | 37 | 33 | 31 | 24 | 24 | 22 | 27 | ||
| EBITDA* | 6,739,145 | 4,099,405 | 2,756,378 | 2,897,372 | 2,197,845 | 1,767,515 | 2,489,077 | 1,102,582 | 1,070,667 | 1,141,911 | 1,013,701 | 929,966 | 684,885 | 387,124 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 156,221 | 206,025 | 236,295 | 261,689 | 281,479 | 210,971 | 194,686 | 1,475,575 | 1,548,229 | 1,608,862 | 1,612,071 | 1,670,678 | 1,655,942 | 1,705,854 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 99,452 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 |
| Debtors (Due After 1 year) | 66,932,586 | 42,019,367 | 26,907,495 | 24,673,785 | 19,358,625 | 12,845,469 | 9,317,780 | 5,397,189 | 3,606,892 | 1,406,160 | 626,047 | 481,893 | 489,916 | 135,322 |
| Total Fixed Assets | 67,188,259 | 42,225,392 | 27,143,790 | 24,935,474 | 19,640,104 | 13,056,440 | 9,512,466 | 6,872,764 | 5,173,871 | 3,033,772 | 2,256,868 | 2,171,321 | 2,164,608 | 1,859,926 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 125,419 | 375,572 | 17,271,305 | 1,282,950 | 1,971,482 | 927,200 | 1,026,930 | 693,465 | 342,949 | 236,260 | 257,205 | 127,993 | 121,144 | 351,302 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 35,598,956 | 24,217,022 | 1,729,493 | 15,404,207 | 10,932,679 | 7,597,963 | 4,185,473 | 2,830,575 | 1,666,901 | 478,544 | 270,395 | 307,810 | 496,661 | 647,395 |
| Cash | 1,847,513 | 1,659,594 | 680,398 | 973,401 | 1,340,660 | 1,322,566 | 619,274 | 424,649 | 1,274,576 | 1,341,297 | 1,048,107 | 806,120 | 327,779 | 219,202 |
| misc current assets | 1,749,304 | 1,461,253 | 0 | 0 | 48,412 | 211,457 | 35,528 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 39,321,192 | 27,713,441 | 19,681,196 | 17,660,558 | 14,293,233 | 10,059,186 | 5,867,205 | 3,948,689 | 3,284,426 | 2,056,101 | 1,575,707 | 1,241,923 | 945,584 | 1,217,899 |
| total assets | 106,509,451 | 69,938,833 | 46,824,986 | 42,596,032 | 33,933,337 | 23,115,626 | 15,379,671 | 10,821,453 | 8,458,297 | 5,089,873 | 3,832,575 | 3,413,244 | 3,110,192 | 3,077,825 |
| Bank overdraft | 30,340,351 | 20,818,878 | 14,905,905 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,738,790 | 951,189 | 181,091 | 155,421 | 151,650 | 150,791 | 140,208 |
| Trade Creditors | 839,481 | 1,081,873 | 453,340 | 762,116 | 995,559 | 426,282 | 525,340 | 356,903 | 317,678 | 86,379 | 209,134 | 147,869 | 155,291 | 385,182 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53,727 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 12,828,308 | 9,106,403 | 5,505,546 | 3,093,162 | 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 | 3,441,180 | 2,148,919 | 1,701,178 | 2,576,494 | 1,695,115 | 1,659,998 | 1,519,992 | 929,887 | 808,632 | 836,697 | 991,234 | 497,585 | 417,817 | 499,331 |
| total current liabilities | 34,621,012 | 24,049,670 | 17,060,423 | 16,166,918 | 11,797,077 | 7,591,826 | 5,138,494 | 3,025,580 | 2,077,499 | 1,104,167 | 1,355,789 | 850,831 | 723,899 | 1,024,721 |
| loans | 55,938,105 | 34,128,265 | 20,128,242 | 18,012,565 | 14,855,902 | 9,173,855 | 4,832,192 | 3,978,614 | 786,570 | 1,109,627 | 105,945 | 263,164 | 415,502 | 574,487 |
| 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 | 210,510 | 272,732 | 170,351 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,231,120 | 36,239 | 37,672 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 150,370 | 142,943 | 51,039 | 0 | 0 | 0 | 0 |
| total long term liabilities | 55,938,105 | 34,128,265 | 20,128,242 | 18,012,565 | 14,855,902 | 9,173,855 | 4,832,192 | 4,128,984 | 3,160,633 | 1,196,905 | 143,617 | 473,674 | 688,234 | 744,838 |
| total liabilities | 90,559,117 | 58,177,935 | 37,188,665 | 34,179,483 | 26,652,979 | 16,765,681 | 9,970,686 | 7,154,564 | 5,238,132 | 2,301,072 | 1,499,406 | 1,324,505 | 1,412,133 | 1,769,559 |
| net assets | 15,950,334 | 11,760,898 | 9,636,321 | 8,416,549 | 7,280,358 | 6,349,945 | 5,408,985 | 3,666,889 | 3,220,165 | 2,788,801 | 2,333,169 | 2,088,739 | 1,698,059 | 1,308,266 |
| total shareholders funds | 15,950,334 | 11,760,898 | 9,636,321 | 8,416,549 | 7,280,358 | 6,349,945 | 5,408,985 | 3,666,889 | 3,220,165 | 2,788,801 | 2,333,169 | 2,088,739 | 1,698,059 | 1,308,266 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 6,660,844 | 3,986,248 | 2,632,640 | 2,776,378 | 2,095,750 | 1,698,637 | 2,426,217 | 1,015,406 | 972,466 | 1,050,810 | 935,761 | 860,259 | 617,198 | 292,160 |
| Depreciation | 78,301 | 113,157 | 123,738 | 120,994 | 102,095 | 68,878 | 62,860 | 87,176 | 98,201 | 91,101 | 77,940 | 69,707 | 67,687 | 94,964 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -583,745 | -79,147 | 20,570 | -378,451 | -229,500 | -261,240 | -384,640 | -161,552 | -199,262 | -280,058 | -244,930 | -243,702 | -167,845 | -81,436 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 36,045,000 | 20,703,668 | 4,547,351 | 9,098,156 | 10,892,154 | 6,840,449 | 5,608,954 | 3,304,487 | 3,495,778 | 967,317 | 235,951 | -190,025 | -26,298 | 1,134,019 |
| Creditors | -242,392 | 628,533 | -308,776 | -233,443 | 569,277 | -99,058 | 168,437 | 39,225 | 231,299 | -122,755 | 61,265 | -7,422 | -229,891 | 385,182 |
| Accruals and Deferred Income | 1,292,261 | 447,741 | -875,316 | 881,379 | 35,117 | 140,006 | 590,105 | 121,255 | -28,065 | -154,537 | 283,139 | 17,546 | 20,867 | 669,682 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | -150,370 | 7,427 | 91,904 | 51,039 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -28,839,731 | -15,607,136 | -2,954,495 | -5,931,299 | -8,319,415 | -5,293,226 | -2,896,345 | -2,195,550 | -2,329,235 | -331,717 | 877,224 | 886,413 | 334,314 | 226,533 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 99,452 | 0 | 0 | 0 | 0 | 0 | 0 | -18,750 | 0 | 0 | 0 | 0 | 0 | 18,750 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | -1,738,790 | 787,601 | 770,098 | 25,670 | 3,771 | 859 | 10,583 | 140,208 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -53,727 | 53,727 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | -12,828,308 | 3,721,905 | 3,600,857 | 2,412,384 | 3,093,162 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 21,809,840 | 14,000,023 | 2,115,677 | 3,156,663 | 5,682,047 | 4,341,663 | 853,578 | 3,192,044 | -323,057 | 1,003,682 | -157,219 | -152,338 | -158,985 | 574,487 |
| 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 | -2,231,120 | 2,194,881 | -1,433 | 37,672 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -2,987,115 | -1,782,524 | -1,433,438 | -1,261,736 | -935,837 | -496,437 | -343,881 | -306,790 | -100,970 | -6,270 | -4,420 | -7,779 | -9,560 | -11,416 |
| cash flow from financing | 19,822,725 | 12,217,499 | -12,146,069 | 5,616,832 | 8,347,067 | 6,257,610 | 1,908,469 | 1,441,735 | 2,540,952 | 1,021,649 | -373,923 | -105,531 | -157,962 | 1,865,013 |
| cash and cash equivalents | ||||||||||||||
| cash | 187,919 | 979,196 | -293,003 | -367,259 | 18,094 | 703,292 | 194,625 | -849,927 | -66,721 | 293,190 | 241,987 | 478,341 | 108,577 | 219,202 |
| overdraft | 9,521,473 | 5,912,973 | 14,905,905 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -9,333,554 | -4,933,777 | -15,198,908 | -367,259 | 18,094 | 703,292 | 194,625 | -849,927 | -66,721 | 293,190 | 241,987 | 478,341 | 108,577 | 219,202 |
tower leasing limited Credit Report and Business Information
Tower Leasing Limited Competitor Analysis
Perform a competitor analysis for tower leasing limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in RG12 area or any other competitors across 12 key performance metrics.
tower leasing limited Ownership
TOWER LEASING LIMITED group structure
Tower Leasing Limited has 2 subsidiary companies.
Ultimate parent company
TOWER LEASING LIMITED
02296333
2 subsidiaries
tower leasing limited directors
Tower Leasing Limited currently has 4 directors. The longest serving directors include Ms Kerry Howells (Nov 2006) and Mr Ian Welham (Apr 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Kerry Howells | England | 52 years | Nov 2006 | - | Director |
| Mr Ian Welham | England | 42 years | Apr 2013 | - | Director |
| Mr Adam Barron | 56 years | May 2015 | - | Director | |
| Mr Toby Franklin | England | 52 years | May 2015 | - | Director |
P&L
December 2022turnover
13.3m
+60%
operating profit
6.7m
+67%
gross margin
92.6%
-2.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
16m
+0.36%
total assets
106.5m
+0.52%
cash
1.8m
+0.11%
net assets
Total assets minus all liabilities
tower leasing limited company details
company number
02296333
Type
Private limited with Share Capital
industry
77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.
incorporation date
September 1988
age
36
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2022
previous names
halfgolden limited (November 1988)
accountant
-
auditor
DELOITTE LLP
address
the columbia centre 2nd floor, station road, bracknell, berkshire, RG12 1LP
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
BERMANS
tower leasing limited 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 33 charges/mortgages relating to tower leasing limited. Currently there are 29 open charges and 4 have been satisfied in the past.
tower leasing limited 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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tower leasing limited Companies House Filings - See Documents
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