Hire It Limited

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hire it limited Company Information

Live

MatureMidHealthy

Company Number

02749984

Next Accounts

Jan 2025

Industry

Renting and leasing of construction and civil engineering machinery and equipment

Development of building projects

Directors

Julie Romani

Shareholders

julie ann romani

jenna romani

Group Structure

View All

Contact

Registered Address

sunnybank farm, whitehall road east, bradford, west yorkshire, BD11 2LL

Website

www.hire-tools.com

hire it limited Estimated Valuation

£4.6m

Pomanda estimates the enterprise value of HIRE IT LIMITED at £4.6m based on Net Assets of £2.3m and 1.99x industry multiple (adjusted for liquidity).

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Hire It Limited is a live company located in bradford, BD11 2LL with a Companies House number of 02749984. It operates in the development of building projects sector, SIC Code 41100. Founded in September 1992, it's largest shareholder is julie ann romani with a 66.7% stake. Hire It Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Hire It Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £6.2m, make it in line with the average company (£7.1m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (4.1%)

EXPORT

Hire It Limited's latest turnover from April 2023 is estimated at £6.2 million and the company has net assets of £2.3 million. According to their latest financial statements, we estimate that Hire It Limited has 12 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010
Turnover	6,224,619	4,669,775	3,963,181	5,151,928	8,185,835	1,549,243	1,434,905	753,651	704,406	1,065,481	1,193,853	3,249,684	3,702,869	1,986,979
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,260,388	3,929,780	3,455,592	4,399,291	6,915,085	1,289,763	1,188,569	624,754	591,592	885,900	1,003,979	2,786,720	3,107,944	1,671,357
Gross Profit	964,232	739,995	507,589	752,637	1,270,750	259,480	246,337	128,897	112,815	179,581	189,874	462,963	594,925	315,622
Admin Expenses	1,138,407	1,020,862	627,930	835,778	-1,018,335	244,845	-45,817	-58,802	96,286	316,301	-57,242	173,483	371,082	-37,380
Operating Profit	-174,175	-280,867	-120,341	-83,141	2,289,085	14,635	292,154	187,699	16,529	-136,720	247,116	289,480	223,843	353,002
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	136	210	319	589	2,295	4,673	4,132	1,335
Pre-Tax Profit	-174,175	-280,867	-120,341	-83,141	2,289,085	14,635	292,290	187,909	16,848	-136,131	249,410	294,153	227,974	354,338
Tax	0	0	0	0	-434,926	-2,781	-55,535	-37,582	-3,369	0	-57,364	-70,597	-59,273	-99,214
Profit After Tax	-174,175	-280,867	-120,341	-83,141	1,854,159	11,854	236,755	150,327	13,478	-136,131	192,046	223,556	168,701	255,123
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-174,175	-280,867	-120,341	-83,141	1,854,159	11,854	236,755	150,327	13,478	-136,131	192,046	223,556	168,701	255,123
Employee Costs	541,349	42,983	41,517	41,220	819,095	158,727	155,925	113,627	111,774	140,929	137,116	372,693	424,997	249,717
Number Of Employees	12	1	1	1	20	4	4	3	3	4	4	11	13	8
EBITDA*	-174,175	-280,867	-120,341	-83,141	2,289,085	14,635	292,154	198,630	27,460	-54,737	370,450	409,330	339,314	353,106

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010
Tangible Assets	422,866	423,408	644,333	725,306	724,484	822,832	845,297	1,967,567	1,978,498	1,989,429	2,737,446	2,687,158	2,163,695	2,189,159
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	6	6	6	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	422,866	423,408	644,333	725,306	724,484	822,832	845,297	1,967,573	1,978,504	1,989,435	2,737,446	2,687,158	2,163,695	2,189,159
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	59,347
Trade Debtors	2,275,418	2,419,616	2,248,866	2,537,044	2,921,018	501,426	471,058	188,506	129,367	207,586	43,740	245,886	349,869	107,191
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,246	2,643	4,548	6,417	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	108,712	58,972	68,493	167,153	750,676	1,118,456	534,168
misc current assets	0	0	0	0	959	6,986	2,489	2,393	5,115	0	7,568	9,298	0	0
total current assets	2,277,664	2,422,259	2,253,414	2,543,461	2,921,977	508,412	473,547	299,611	193,454	276,079	218,461	1,005,860	1,468,325	700,706
total assets	2,700,530	2,845,667	2,897,747	3,268,767	3,646,461	1,331,244	1,318,844	2,267,184	2,171,958	2,265,514	2,955,907	3,693,018	3,632,020	2,889,865
Bank overdraft	0	0	0	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	389,186	360,148	131,361	382,040	676,593	215,535	214,989	200,078	255,179	362,213	695,996	1,737,961	1,873,373	1,343,914
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	389,186	360,148	131,361	382,040	676,593	215,535	214,989	200,078	255,179	362,213	695,996	1,737,961	1,873,373	1,343,914
loans	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
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	112,000	12,187	41,437	0
provisions	0	0	0	0	0	0	0	0	0	0	108,479	95,484	93,380	90,822
total long term liabilities	0	0	0	0	0	0	0	0	0	0	220,479	107,671	134,817	90,822
total liabilities	389,186	360,148	131,361	382,040	676,593	215,535	214,989	200,078	255,179	362,213	916,475	1,845,632	2,008,190	1,434,736
net assets	2,311,344	2,485,519	2,766,386	2,886,727	2,969,868	1,115,709	1,103,855	2,067,106	1,916,779	1,903,301	2,039,432	1,847,386	1,623,830	1,455,129
total shareholders funds	2,311,344	2,485,519	2,766,386	2,886,727	2,969,868	1,115,709	1,103,855	2,067,106	1,916,779	1,903,301	2,039,432	1,847,386	1,623,830	1,455,129

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010
Operating Activities
Operating Profit	-174,175	-280,867	-120,341	-83,141	2,289,085	14,635	292,154	187,699	16,529	-136,720	247,116	289,480	223,843	353,002
Depreciation	0	0	0	0	0	0	0	10,931	10,931	81,983	123,334	119,850	115,471	104
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-434,926	-2,781	-55,535	-37,582	-3,369	0	-57,364	-70,597	-59,273	-99,214
Stock	0	0	0	0	0	0	0	0	0	0	0	0	-59,347	59,347
Debtors	-144,595	168,845	-290,047	-377,557	2,419,592	30,368	282,552	59,139	-78,219	163,846	-202,146	-103,983	242,678	107,191
Creditors	29,038	228,787	-250,679	-294,553	461,058	546	14,911	-55,101	-107,034	-333,783	-1,041,965	-135,412	529,459	1,343,914
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	-108,479	12,995	2,104	2,558	90,822
Cash flow from operations	-542	-220,925	-80,973	-137	-104,375	-17,968	-31,022	46,808	-4,724	-660,845	-513,738	309,408	628,727	1,522,090
Investing Activities
capital expenditure	542	220,925	80,973	-822	98,348	22,465	1,122,270	0	0	666,034	-173,622	-643,313	-90,007	-2,189,263
Change in Investments	0	0	0	0	0	0	-6	0	0	6	0	0	0	0
cash flow from investments	542	220,925	80,973	-822	98,348	22,465	1,122,276	0	0	666,028	-173,622	-643,313	-90,007	-2,189,263
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	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	-112,000	99,813	-29,250	41,437	0
share issue	0	0	0	0	0	0	-1,200,006	0	0	0	0	0	0	1,200,006
interest	0	0	0	0	0	0	136	210	319	589	2,295	4,673	4,132	1,335
cash flow from financing	0	0	0	0	0	0	-1,199,870	210	319	-111,411	102,108	-24,577	45,569	1,201,341
cash and cash equivalents
cash	0	0	0	0	0	0	-108,712	49,740	-9,521	-98,660	-583,523	-367,780	584,288	534,168
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-108,712	49,740	-9,521	-98,660	-583,523	-367,780	584,288	534,168

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 hire it limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in BD11 area or any other competitors across 12 key performance metrics.

HIRE IT LIMITED group structure

Hire It Limited has no subsidiary companies.

Ultimate parent company

HIRE IT LIMITED

02749984

HIRE IT LIMITED Shareholders

julie ann romani	66.67%
jenna romani	33.33%

Hire It Limited currently has 1 director, Mrs Julie Romani serving since Nov 1995.

officer	country	age	start	end	role
Mrs Julie Romani	United Kingdom	60 years	Nov 1995	-	Director

P&L

April 2023

turnover

6.2m

+33%

operating profit

-174.2k

gross margin

15.5%

-2.25%

turnover

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

Balance Sheet

April 2023

net assets

2.3m

-0.07%

total assets

2.7m

-0.05%

cash

net assets

Total assets minus all liabilities

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4.5

company number

02749984

Type

Private limited with Share Capital

industry

77320 - Renting and leasing of construction and civil engineering machinery and equipment

41100 - Development of building projects

incorporation date

September 1992

ultimate parent company

None

previous names

demolition services (london) limited (September 1999)

valuetwice limited (November 1992)

address

sunnybank farm, whitehall road east, bradford, west yorkshire, BD11 2LL

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.

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hire it limited Company Information

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