Rabbits Vehicle Hire Limited

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rabbits vehicle hire limited Company Information

Company Number

02403691

Next Accounts

Nov 2025

Directors

Kevin Rapson

Steven Dore

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Shareholders

kevin john rapson

steven dore

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Group Structure

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Industry

Renting and leasing of cars and light motor vehicles

Registered Address

14 wolsey road caversham, reading, berkshire, RG4 8BY

Website

http://www.rabbits.co.uk

rabbits vehicle hire limited Estimated Valuation

£28.4m

Pomanda estimates the enterprise value of RABBITS VEHICLE HIRE LIMITED at £28.4m based on an EBITDA of £7.2m and a 3.94x industry multiple (adjusted for size and gross margin).

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Rabbits Vehicle Hire Limited is a live company located in berkshire, RG4 8BY with a Companies House number of 02403691. It operates in the renting and leasing of cars and light motor vehicles sector, SIC Code 77110. Founded in July 1989, it's largest shareholder is kevin john rapson with a 46.9% stake. Rabbits Vehicle Hire Limited is a mature, mid sized company, Pomanda has estimated its turnover at £14m with rapid growth in recent years.

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Pomanda's financial health check has awarded Rabbits Vehicle Hire Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

4 Regular

2 Weak

Size

annual sales of £14m, make it larger than the average company (£11.2m)

Growth

3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (9.7%)

EXPORT

Rabbits Vehicle Hire Limited's latest turnover from February 2024 is £14 million and the company has net assets of £5.2 million. According to their latest financial statements, Rabbits Vehicle Hire Limited has 35 employees and maintains cash reserves of £941.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	13,974,366	10,715,964	7,456,031	5,006,843	4,785,253	3,803,630	4,261,982	3,801,173	2,592,992	3,683,116	3,292,997	1,671,181	1,658,033	1,564,498	1,323,270
Other Income Or Grants
Cost Of Sales	9,049,010	7,005,132	4,174,425	3,844,484	3,547,109	2,752,969	3,000,230	2,667,429	1,879,144	2,653,505	2,295,823	920,684	971,307	976,476	880,567
Gross Profit	4,925,356	3,710,832	3,281,606	1,162,359	1,238,144	1,050,661	1,261,752	1,133,744	713,848	1,029,611	997,174	750,497	686,726	588,022	442,703
Admin Expenses	1,709,217	1,263,712	2,038,350	1,107,316	995,432	725,739	1,003,267	998,757	597,825	839,122	617,553	662,772	596,590	577,884	437,700
Operating Profit	3,216,139	2,447,120	1,243,256	55,043	242,712	324,922	258,485	134,987	116,023	190,489	379,621	87,725	90,136	10,138	5,003
Interest Payable	772,621	261,699	65,217	7,625								29,086	20,746	32,429	32,758
Interest Receivable	18,035	750		539	3,464	2,497	1,509	941	1,675	1,041	363	25	1	2	43
Pre-Tax Profit	2,461,553	2,186,171	1,178,039	47,957	246,177	327,420	259,994	135,928	117,699	191,530	379,984	58,664	69,391	-22,289	-27,712
Tax	-608,167	-572,218	-257,339	-9,112	-46,774	-62,210	-49,399	-27,185	-23,540	-40,221	-87,396	-1,228	-17,440	-793	-4,242
Profit After Tax	1,853,386	1,613,953	920,700	38,845	199,403	265,210	210,595	108,742	94,159	151,309	292,588	57,436	51,951	-23,082	-31,954
Dividends Paid
Retained Profit	1,853,386	1,613,953	920,700	38,845	199,403	265,210	210,595	108,742	94,159	151,309	292,588	57,436	51,951	-23,082	-31,954
Employee Costs	1,241,153	940,264	975,410	770,957	816,000	767,561	778,522	775,641	324,822	404,601	398,166	527,442	217,412	478,562
Number Of Employees	35	31	27	22	24	22	23	23	10	13	14	18	8	16	14
EBITDA*	7,197,844	4,568,725	2,218,953	744,017	953,102	953,601	826,847	649,759	612,886	540,773	720,333	320,205	166,958	147,013	96,419

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	14,858,117	9,884,603	4,605,840	2,461,646	2,392,547	2,119,111	1,987,236	1,532,126	1,631,607	1,450,162	919,860	700,135	232,464	412,360	285,062
Intangible Assets	8,667
Investments & Other
Debtors (Due After 1 year)	333,349	145,775
Total Fixed Assets	15,200,133	10,030,378	4,605,840	2,461,646	2,392,547	2,119,111	1,987,236	1,532,126	1,631,607	1,450,162	919,860	700,135	232,464	412,360	285,062
Stock & work in progress
Trade Debtors	2,034,903	2,125,703	1,403,035	669,479	576,238	531,258	541,603	480,527	331,665	298,456	268,308	214,906	180,039	169,607	112,341
Group Debtors												629,669	199,630	72,975	328,900
Misc Debtors	697,136	622,283	242,521	93,190	146,010	35,385	4,149	5,078	8,457			6,065	75,787	555	15,817
Cash	941,192	723,737	597,858	570,812	507,589	416,249	249,701	353,919	398,867	271,252	145,242	69,785	50,335		5,692
misc current assets
total current assets	3,673,231	3,471,723	2,243,414	1,333,481	1,229,837	982,892	795,453	839,524	738,989	569,708	413,550	920,425	505,791	243,137	462,750
total assets	18,873,364	13,502,101	6,849,254	3,795,127	3,622,384	3,102,003	2,782,689	2,371,650	2,370,596	2,019,870	1,333,410	1,620,560	738,255	655,497	747,812
Bank overdraft	754,654	1,081,173	488,605											124,754	125,658
Bank loan				12,500									9,974	39,146	71,142
Trade Creditors	504,708	610,293	655,371	470,799	362,214	256,461	344,685	222,410	231,829	669,679	632,773	1,010,958	92,557	83,881	84,809
Group/Directors Accounts													256,253	33,960	1,000
other short term finances
hp & lease commitments	5,080,683	2,754,001	1,129,592				544,573	592,517	565,580				15,063	71,402	163,083
other current liabilities	660,231	627,951	363,985	847,071	926,589	805,319	258,231	223,244	99,067				148,003	79,838	39,232
total current liabilities	7,000,276	5,073,418	2,637,553	1,330,370	1,288,803	1,061,780	1,147,489	1,038,171	896,476	669,679	632,773	1,010,958	521,850	432,981	484,924
loans	91,667	141,667	191,667	237,500									4,482	6,440	46,913
hp & lease commitments	5,899,782	3,989,039	1,375,009				627,021	542,272	815,365				5,005	61,109	37,926
Accruals and Deferred Income
other liabilities				493,847	730,766	749,396				829,415	379,729	345,248
provisions	711,109	750,305	510,278	367,559	275,809	163,224	145,786	139,409	115,699	71,879	23,320
total long term liabilities	6,702,558	4,881,011	2,076,954	1,098,906	1,006,575	912,620	772,807	681,681	931,064	901,294	403,049	345,248	9,487	67,549	84,839
total liabilities	13,702,834	9,954,429	4,714,507	2,429,276	2,295,378	1,974,400	1,920,296	1,719,852	1,827,540	1,570,973	1,035,822	1,356,206	531,337	500,530	569,763
net assets	5,170,530	3,547,672	2,134,747	1,365,851	1,327,006	1,127,603	862,393	651,798	543,056	448,897	297,588	264,354	206,918	154,967	178,049
total shareholders funds	5,170,530	3,547,672	2,134,747	1,365,851	1,327,006	1,127,603	862,393	651,798	543,056	448,897	297,588	264,354	206,918	154,967	178,049

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	3,216,139	2,447,120	1,243,256	55,043	242,712	324,922	258,485	134,987	116,023	190,489	379,621	87,725	90,136	10,138	5,003
Depreciation	3,981,705	2,121,605	975,697	688,974	710,390	628,679	568,362	514,772	496,863	350,284	340,712	232,480	76,822	136,875	91,416
Amortisation
Tax	-608,167	-572,218	-257,339	-9,112	-46,774	-62,210	-49,399	-27,185	-23,540	-40,221	-87,396	-1,228	-17,440	-793	-4,242
Stock
Debtors	171,627	1,248,205	882,887	40,421	155,605	20,891	60,147	145,483	41,666	30,148	268,308	395,184	212,319	-213,921	457,058
Creditors	-105,585	-45,078	184,572	108,585	105,753	-88,224	122,275	-9,419	-437,850	36,906	632,773	918,401	8,676	-928	84,809
Accruals and Deferred Income	32,280	263,966	-483,086	-79,518	121,270	547,088	34,987	124,177	99,067			-148,003	68,165	40,606	39,232
Deferred Taxes & Provisions	-39,196	240,027	142,719	91,750	112,585	17,438	6,377	23,710	43,820	48,559	23,320
Cash flow from operations	6,305,549	3,207,217	922,932	815,301	1,090,331	1,346,802	880,940	615,559	252,717	555,869	1,020,722	694,191	14,040	399,819	-240,840
Investing Activities
capital expenditure			-3,119,891	-758,073	-983,826	-760,554	-1,023,472	-415,291	-678,308	-880,586	-1,260,572	-700,151	103,074	-264,173	-376,478
Change in Investments
cash flow from investments			-3,119,891	-758,073	-983,826	-760,554	-1,023,472	-415,291	-678,308	-880,586	-1,260,572	-700,151	103,074	-264,173	-376,478
Financing Activities
Bank loans			-12,500	12,500								-9,974	-29,172	-31,996	71,142
Group/Directors Accounts												-256,253	222,293	32,960	1,000
Other Short Term Loans
Long term loans	-50,000	-50,000	-45,833	237,500								-4,482	-1,958	-40,473	46,913
Hire Purchase and Lease Commitments	4,237,425	4,238,439	2,504,601			-1,171,594	36,805	-246,156	1,380,945			-20,068	-112,443	-68,498	201,009
other long term liabilities			-493,847	-236,919	-18,630	749,396			-829,415	449,686	379,729	345,248
share issue	-230,528	-201,028	-151,804								5,000				210,003
interest	-754,586	-260,949	-65,217	-7,086	3,464	2,497	1,509	941	1,675	1,041	363	-29,061	-20,745	-32,427	-32,715
cash flow from financing	3,202,311	3,726,462	1,735,400	5,995	-15,166	-419,701	38,314	-245,215	553,205	450,727	385,092	25,410	57,975	-140,434	497,352
cash and cash equivalents
cash	217,455	125,879	27,046	63,223	91,340	166,548	-104,218	-44,948	127,615	126,010	145,242	19,450	50,335	-5,692	5,692
overdraft	-326,519	592,568	488,605										-124,754	-904	125,658
change in cash	543,974	-466,689	-461,559	63,223	91,340	166,548	-104,218	-44,948	127,615	126,010	145,242	19,450	175,089	-4,788	-119,966

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 rabbits vehicle hire limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in RG4 area or any other competitors across 12 key performance metrics.

RABBITS VEHICLE HIRE LIMITED group structure

Rabbits Vehicle Hire Limited has no subsidiary companies.

Ultimate parent company

RABBITS VEHICLE HIRE LIMITED

02403691

RABBITS VEHICLE HIRE LIMITED Shareholders

kevin john rapson	46.88%
steven dore	23.12%
george rapson	18.75%
jayne rapson	9.38%
michelle dore	1.88%

Rabbits Vehicle Hire Limited currently has 3 directors. The longest serving directors include Mr Kevin Rapson (Nov 1991) and Mr Steven Dore (Apr 2010).

officer	country	age	start	end	role
Mr Kevin Rapson	England	63 years	Nov 1991	-	Director
Mr Steven Dore	England	42 years	Apr 2010	-	Director
Mr George Rapson	England	30 years	Jan 2025	-	Director

P&L

February 2024

turnover

14m

+30%

operating profit

3.2m

+31%

gross margin

35.3%

+1.78%

turnover

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

Balance Sheet

February 2024

net assets

5.2m

+0.46%

total assets

18.9m

+0.4%

cash

941.2k

+0.3%

net assets

Total assets minus all liabilities

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company number

02403691

Type

Private limited with Share Capital

industry

77110 - Renting and leasing of cars and light motor vehicles

incorporation date

July 1989

ultimate parent company

None

previous names

N/A

address

14 wolsey road caversham, reading, berkshire, RG4 8BY

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 6 charges/mortgages relating to rabbits vehicle hire limited. Currently there are 3 open charges and 3 have been satisfied in the past.

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rabbits vehicle hire limited Company Information

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rabbits vehicle hire limited Estimated Valuation

rabbits vehicle hire limited Estimated Valuation

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RABBITS VEHICLE HIRE LIMITED financials

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