shire leasing plc

shire leasing plc Company Information

Share SHIRE LEASING PLC
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Company Number

02476571

Industry

Renting and leasing of other machinery, equipment and tangible goods n.e.c.

 

Directors

Martin Smith

John Worton

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Shareholders

john worton

martin smith

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Group Structure

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Contact

Registered Address

1 calico business park sandy way, amington, tamworth, staffordshire, B77 4BF

shire leasing plc Estimated Valuation

£42.2m

Pomanda estimates the enterprise value of SHIRE LEASING PLC at £42.2m based on a Turnover of £31.5m and 1.34x industry multiple (adjusted for size and gross margin).

shire leasing plc Estimated Valuation

£26m

Pomanda estimates the enterprise value of SHIRE LEASING PLC at £26m based on an EBITDA of £4.4m and a 5.9x industry multiple (adjusted for size and gross margin).

shire leasing plc Estimated Valuation

£56.3m

Pomanda estimates the enterprise value of SHIRE LEASING PLC at £56.3m based on Net Assets of £24.7m and 2.28x industry multiple (adjusted for liquidity).

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Shire Leasing Plc Overview

Shire Leasing Plc is a live company located in tamworth, B77 4BF with a Companies House number of 02476571. It operates in the renting and leasing of other machinery, equipment and tangible goods n.e.c. sector, SIC Code 77390. Founded in March 1990, it's largest shareholder is john worton with a 42.8% stake. Shire Leasing Plc is a mature, large sized company, Pomanda has estimated its turnover at £31.5m with healthy growth in recent years.

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Shire Leasing Plc Health Check

Pomanda's financial health check has awarded Shire Leasing Plc a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £31.5m, make it larger than the average company (£11.1m)

£31.5m - Shire Leasing Plc

£11.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (7.3%)

13% - Shire Leasing Plc

7.3% - Industry AVG

production

Production

with a gross margin of 66.8%, this company has a lower cost of product (49.7%)

66.8% - Shire Leasing Plc

49.7% - Industry AVG

profitability

Profitability

an operating margin of 10.5% make it as profitable than the average company (12.5%)

10.5% - Shire Leasing Plc

12.5% - Industry AVG

employees

Employees

with 188 employees, this is above the industry average (67)

188 - Shire Leasing Plc

67 - Industry AVG

paystructure

Pay Structure

on an average salary of £64.7k, the company has a higher pay structure (£45.3k)

£64.7k - Shire Leasing Plc

£45.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £167.7k, this is less efficient (£200.5k)

£167.7k - Shire Leasing Plc

£200.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 11 days, this is earlier than average (47 days)

11 days - Shire Leasing Plc

47 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 64 days, this is slower than average (50 days)

64 days - Shire Leasing Plc

50 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Shire Leasing Plc

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (6 weeks)

4 weeks - Shire Leasing Plc

6 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 87%, this is a higher level of debt than the average (64.5%)

87% - Shire Leasing Plc

64.5% - Industry AVG

SHIRE LEASING PLC financials

EXPORTms excel logo

Shire Leasing Plc's latest turnover from March 2024 is £31.5 million and the company has net assets of £24.7 million. According to their latest financial statements, Shire Leasing Plc has 188 employees and maintains cash reserves of £6 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover31,522,00026,819,00024,588,00022,058,00023,774,00023,116,00021,268,00019,405,00017,375,00016,073,00014,349,00013,153,00013,778,00013,828,00014,148,445
Other Income Or Grants000000000000000
Cost Of Sales10,468,0008,477,0007,933,0007,144,0006,826,0006,143,0006,161,0005,823,0005,274,0004,184,0003,743,0002,923,0002,688,0002,766,0003,249,568
Gross Profit21,054,00018,342,00016,655,00014,914,00016,948,00016,973,00015,107,00013,582,00012,101,00011,889,00010,606,00010,230,00011,090,00011,062,00010,898,877
Admin Expenses17,747,00015,014,00013,147,00011,975,00013,879,00013,538,00011,909,00010,855,0009,730,0009,648,00010,132,0007,752,0007,580,0009,089,00010,027,892
Operating Profit3,307,0003,328,0003,508,0002,939,0003,069,0003,435,0003,198,0002,727,0002,371,0002,241,000474,0002,478,0003,510,0001,973,000870,985
Interest Payable507,000419,000175,0008,00014,0009,00011,00015,0003,0009,000237,00019,00020,00022,00033,574
Interest Receivable001,00002,0005,00013,00049,00025,00029,00071,00050,00017,00039,0006,193
Pre-Tax Profit2,800,0002,909,0003,334,0002,931,0003,057,0003,431,0003,200,0002,761,0002,393,0002,261,000-295,0002,509,0003,507,0001,990,000843,604
Tax-843,000-607,000-732,000-669,000-638,000-748,000-689,000-629,000-810,000-391,00062,000-755,000-961,000-907,000-381,991
Profit After Tax1,957,0002,302,0002,602,0002,262,0002,419,0002,683,0002,511,0002,132,0001,583,0001,870,000-233,0001,754,0002,546,0001,083,000461,613
Dividends Paid1,351,0001,351,0001,974,0001,351,0001,351,0001,351,0001,368,0001,351,0001,518,0001,608,0002,191,000769,0001,157,000795,000670,526
Retained Profit606,000951,000628,000911,0001,068,0001,332,0001,143,000781,00065,000262,000-2,424,000985,0001,389,000288,000-208,913
Employee Costs12,172,00010,422,0009,339,0008,415,0009,587,0008,838,0007,768,0007,266,0006,555,0006,068,0005,042,0004,381,0003,915,0003,570,0004,371,082
Number Of Employees188174160168178172161140137129143136132124145
EBITDA*4,405,0004,243,0004,292,0003,768,0003,784,0004,135,0003,833,0003,348,0003,007,0002,881,0001,498,0002,990,0004,058,0002,750,0001,725,649

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets513,000388,0001,014,000739,000900,000716,000421,000499,000483,000337,000278,000361,000363,000373,000681,419
Intangible Assets3,328,0001,557,0001,021,0001,532,0002,043,0002,554,0003,065,0003,575,0004,086,0004,597,0005,108,0006,013,0006,414,0006,815,0007,216,312
Investments & Other00000000000603,00022,00022,00021,881
Debtors (Due After 1 year)113,158,00093,482,00087,765,00078,600,00068,715,00060,631,00055,033,00050,294,00043,088,00037,047,00028,570,00022,564,00020,468,00023,373,00028,050,291
Total Fixed Assets116,999,00095,427,00089,800,00080,871,00071,658,00063,901,00058,519,00054,368,00047,657,00041,981,00033,956,00029,541,00027,267,00030,583,00035,969,903
Stock & work in progress000000000000000
Trade Debtors1,003,0001,673,000899,0001,219,0001,245,0001,047,000695,0001,188,000673,000524,000674,000792,0002,095,0001,960,00014,762,346
Group Debtors00000000000037,00058,0000
Misc Debtors66,687,00054,556,00047,612,00041,004,00037,930,00036,266,00034,413,00030,008,00026,120,00022,252,00018,364,00017,187,00014,408,00013,893,000624,523
Cash5,981,0006,527,00010,650,00010,060,0002,757,0001,613,0001,659,0001,387,0001,498,0001,003,000685,0002,005,0002,347,0001,729,0002,131,972
misc current assets000000000000000
total current assets73,671,00062,756,00059,161,00052,283,00041,932,00038,926,00036,767,00032,583,00028,291,00023,779,00019,723,00019,984,00018,887,00017,640,00017,518,841
total assets190,670,000158,183,000148,961,000133,154,000113,590,000102,827,00095,286,00086,951,00075,948,00065,760,00053,679,00049,525,00046,154,00048,223,00053,488,744
Bank overdraft00038,750,00000000000000
Bank loan58,626,00050,029,00046,465,000034,200,00030,240,00027,904,00026,350,00021,539,00016,455,00012,656,00012,097,00012,051,00012,690,00012,785,119
Trade Creditors 1,842,0002,663,0002,165,0001,882,0001,393,0001,858,0002,518,0001,558,0001,797,0002,002,000799,0001,404,0001,455,0001,265,0001,329,964
Group/Directors Accounts000000112,000112,000114,00039,000246,0000377,00034,0000
other short term finances000000000000000
hp & lease commitments0065,000151,00000000047,00059,00092,000130,000136,291
other current liabilities4,480,0004,147,0004,009,0004,183,0003,454,0003,614,0003,429,0003,294,0003,382,0002,683,0003,234,0002,971,0003,246,0003,723,0003,127,198
total current liabilities64,948,00056,839,00052,704,00044,966,00039,047,00035,712,00033,963,00031,314,00026,832,00021,179,00016,982,00016,531,00017,221,00017,842,00017,378,572
loans100,829,00079,400,00075,169,00067,863,00055,001,00048,791,00044,131,00039,457,00033,671,00029,357,00022,149,00016,000,00012,523,00014,515,00018,939,326
hp & lease commitments0051,0000150,00000131,000177,00010,00019,00039,00044,00067,000192,399
Accruals and Deferred Income000000000000000
other liabilities001,000000000000000
provisions155,00062,000105,00022,00000000000346,0001,118,0002,105,942
total long term liabilities100,984,00079,462,00075,326,00067,885,00055,151,00048,791,00044,131,00039,588,00033,848,00029,367,00022,168,00016,039,00012,913,00015,700,00021,237,667
total liabilities165,932,000136,301,000128,030,000112,851,00094,198,00084,503,00078,094,00070,902,00060,680,00050,546,00039,150,00032,570,00030,134,00033,542,00038,616,239
net assets24,738,00021,882,00020,931,00020,303,00019,392,00018,324,00017,192,00016,049,00015,268,00015,214,00014,529,00016,955,00016,020,00014,681,00014,872,505
total shareholders funds24,738,00021,882,00020,931,00020,303,00019,392,00018,324,00017,192,00016,049,00015,268,00015,214,00014,529,00016,955,00016,020,00014,681,00014,872,505
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit3,307,0003,328,0003,508,0002,939,0003,069,0003,435,0003,198,0002,727,0002,371,0002,241,000474,0002,478,0003,510,0001,973,000870,985
Depreciation201,000212,000273,000318,000204,000189,000124,000110,000122,000129,000119,000111,000147,000376,000453,758
Amortisation897,000703,000511,000511,000511,000511,000511,000511,000514,000511,000905,000401,000401,000401,000400,906
Tax-843,000-607,000-732,000-669,000-638,000-748,000-689,000-629,000-810,000-391,00062,000-755,000-961,000-907,000-381,991
Stock000000000000000
Debtors31,137,00013,435,00015,453,00012,933,0009,946,0007,803,0008,651,00011,609,00010,058,00012,215,0007,065,0003,535,000-2,276,000-4,153,16043,437,160
Creditors-821,000498,000283,000489,000-465,000-660,000960,000-239,000-205,0001,203,000-605,000-51,000190,000-64,9641,329,964
Accruals and Deferred Income333,000138,000-174,000729,000-160,000185,000135,000-88,000699,000-551,000263,000-275,000-477,000595,8023,127,198
Deferred Taxes & Provisions93,000-43,00083,00022,0000000000-346,000-772,000-987,9422,105,942
Cash flow from operations-27,970,000-9,206,000-11,701,000-8,594,000-7,425,000-4,891,000-4,412,000-9,217,000-7,367,000-9,073,000-5,847,000-1,972,0004,314,0005,539,056-35,530,398
Investing Activities
capital expenditure00000-471,000-93,000-177,000-55,0000-6,000-645,000-145,000-64,000-40,878
Change in Investments0000000000-603,000581,000011921,881
cash flow from investments00000-471,000-93,000-177,000-55,0000597,000-1,226,000-145,000-64,119-62,759
Financing Activities
Bank loans8,597,0003,564,00046,465,000-34,200,0003,960,0002,336,0001,554,0004,811,0005,084,0003,799,000559,00046,000-639,000-95,11912,785,119
Group/Directors Accounts00000-112,0000-2,00075,000-207,000246,000-377,000343,00034,0000
Other Short Term Loans 000000000000000
Long term loans21,429,0004,231,0007,306,00012,862,0006,210,0004,660,0004,674,0005,786,0004,314,0007,208,0006,149,0003,477,000-1,992,000-4,424,32618,939,326
Hire Purchase and Lease Commitments0-116,000-35,0001,000150,0000-131,000-46,000167,000-56,000-32,000-38,000-61,000-131,690328,690
other long term liabilities0-1,0001,000000000000000
share issue2,250,0000000-200,00000-11,000423,000-2,000-50,000-50,000-479,50515,081,418
interest-507,000-419,000-174,000-8,000-12,000-4,0002,00034,00022,00020,000-166,00031,000-3,00017,000-27,381
cash flow from financing31,769,0007,259,00053,563,000-21,345,00010,308,0006,680,0006,099,00010,583,0009,651,00011,187,0006,754,0003,089,000-2,402,000-5,079,64047,107,172
cash and cash equivalents
cash-546,000-4,123,000590,0007,303,0001,144,000-46,000272,000-111,000495,000318,000-1,320,000-342,000618,000-402,9722,131,972
overdraft00-38,750,00038,750,00000000000000
change in cash-546,000-4,123,00039,340,000-31,447,0001,144,000-46,000272,000-111,000495,000318,000-1,320,000-342,000618,000-402,9722,131,972

shire leasing plc Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Shire Leasing Plc Competitor Analysis

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Perform a competitor analysis for shire leasing plc by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in B77 area or any other competitors across 12 key performance metrics.

shire leasing plc Ownership

SHIRE LEASING PLC group structure

Shire Leasing Plc has 2 subsidiary companies.

Ultimate parent company

SHIRE LEASING PLC

02476571

2 subsidiaries

SHIRE LEASING PLC Shareholders

john worton 42.75%
martin smith 42.75%
sarah smith 5%
janice worton 5%
john flounders 3.47%
richard hayes 0.16%
debra amos 0.16%
helen george 0.16%
alan rutherford 0.16%
graham coe 0.16%

shire leasing plc directors

Shire Leasing Plc currently has 11 directors. The longest serving directors include Mr Martin Smith (Jun 1991) and Mr John Worton (Jun 1991).

officercountryagestartendrole
Mr Martin SmithEngland66 years Jun 1991- Director
Mr John Worton68 years Jun 1991- Director
Mr Richard HayesEngland54 years Jan 2011- Director
Miss Sharon Price62 years Sep 2011- Director
Mr Mark Picken68 years Apr 2013- Director
Mrs Helen LumbEngland57 years Aug 2014- Director
Mrs Claire MacKrell57 years Apr 2015- Director
Ms Jane McLintock61 years Apr 2015- Director
Mr Malcolm Workman51 years Apr 2015- Director
Mr Graham Coe50 years Apr 2022- Director

P&L

March 2024

turnover

31.5m

+18%

operating profit

3.3m

-1%

gross margin

66.8%

-2.34%

turnover

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

Balance Sheet

March 2024

net assets

24.7m

+0.13%

total assets

190.7m

+0.21%

cash

6m

-0.08%

net assets

Total assets minus all liabilities

shire leasing plc company details

company number

02476571

Type

Public limited with Share Capital

industry

77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.

incorporation date

March 1990

age

34

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

RSM UK AUDIT LLP

address

1 calico business park sandy way, amington, tamworth, staffordshire, B77 4BF

Bank

HSBC BANK PLC

Legal Advisor

-

shire leasing plc 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 367 charges/mortgages relating to shire leasing plc. Currently there are 16 open charges and 351 have been satisfied in the past.

shire leasing plc 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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shire leasing plc Companies House Filings - See Documents

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