Griffiths Hire Shops Limited

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griffiths hire shops limited Company Information

Live

MatureMidLow

Company Number

02842183

Website

www.griffithshireshops.co.uk

Registered Address

maes y clawdd shrewsbury road, oswestry, SY10 8NN

Industry

Agents involved in the sale of machinery, industrial equipment, ships and aircraft

Renting and leasing of construction and civil engineering machinery and equipment

Telephone

01691671770

Next Accounts Due

November 2024

Group Structure

View All

Directors

David Griffiths30 Years

Gillian Griffiths30 Years

Shareholders

griffiths hire shops holdings limited 100%

griffiths hire shops limited Estimated Valuation

£13.7m

Pomanda estimates the enterprise value of GRIFFITHS HIRE SHOPS LIMITED at £13.7m based on Net Assets of £6.5m and 2.09x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Griffiths Hire Shops Limited is a live company located in oswestry, SY10 8NN with a Companies House number of 02842183. It operates in the agents involved in the sale of machinery, industrial equipment, ships and aircraft sector, SIC Code 46140. Founded in August 1993, it's largest shareholder is griffiths hire shops holdings limited with a 100% stake. Griffiths Hire Shops Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.2m with low growth in recent years.

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Pomanda's financial health check has awarded Griffiths Hire Shops Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £6.2m, make it smaller than the average company (£14m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (4.5%)

EXPORT

Griffiths Hire Shops Limited's latest turnover from February 2023 is estimated at £6.2 million and the company has net assets of £6.5 million. According to their latest financial statements, Griffiths Hire Shops Limited has 33 employees and maintains cash reserves of £2.4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	6,176,739	5,946,650	5,433,483	5,536,452	5,608,923	4,657,673	3,954,663	4,123,372	3,493,634	2,696,890	2,650,206	2,180,488	2,010,932	2,651,746
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,326,175	4,186,289	3,910,649	3,979,920	4,040,530	3,303,697	2,744,870	2,881,686	2,451,805	1,905,308	1,887,321	1,528,114	1,381,656	1,892,014
Gross Profit	1,850,564	1,760,361	1,522,834	1,556,532	1,568,394	1,353,975	1,209,793	1,241,686	1,041,829	791,582	762,886	652,374	629,276	759,732
Admin Expenses	1,134,635	812,335	2,000,318	1,219,145	701,889	779,565	1,155,951	551,319	549,124	186,963	278,902	524,041	157,297	-1,852,100
Operating Profit	715,929	948,026	-477,484	337,387	866,505	574,410	53,842	690,367	492,705	604,619	483,984	128,333	471,979	2,611,832
Interest Payable	597	2,620	2,131	40	0	0	0	0	0	0	0	0	0	0
Interest Receivable	90,499	8,418	905	4,450	4,593	3,407	1,211	1,233	1,607	1,872	1,836	1,184	582	204
Pre-Tax Profit	805,831	953,823	-478,710	341,798	871,098	577,817	55,053	691,600	494,311	606,491	485,820	129,516	472,561	2,612,036
Tax	-153,108	-181,226	0	-64,942	-165,509	-109,785	-11,010	-138,320	-103,805	-139,493	-116,597	-33,674	-132,317	-731,370
Profit After Tax	652,723	772,597	-478,710	276,856	705,589	468,032	44,042	553,280	390,506	466,998	369,223	95,842	340,244	1,880,666
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	652,723	772,597	-478,710	276,856	705,589	468,032	44,042	553,280	390,506	466,998	369,223	95,842	340,244	1,880,666
Employee Costs	1,483,258	1,426,075	1,367,633	1,353,380	1,412,291	1,286,419	1,261,881	1,321,297	702,096	546,331	497,678	454,172	428,965	615,619
Number Of Employees	33	33	33	33	35	33	33	35	19	16	14	13	13	18
EBITDA*	717,848	1,519,101	-65,687	754,549	1,285,437	646,094	123,331	1,028,108	954,299	850,340	917,853	767,237	751,009	2,896,792

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	2,591,485	2,401,912	2,490,038	3,407,096	3,116,469	2,818,340	2,593,454	3,685,701	2,949,839	2,115,446	1,767,483	1,442,279	1,607,802	1,544,095
Intangible Assets	98,080	147,120	196,160	245,200	294,240	343,280	392,320	441,360	490,400	539,440	588,480	637,520	686,560	735,600
Investments & Other	0	0	0	0	0	0	0	0	0	0	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	2,689,565	2,549,032	2,686,198	3,652,296	3,410,709	3,161,620	2,985,774	4,127,061	3,440,239	2,654,886	2,355,963	2,079,799	2,294,362	2,279,695
Stock & work in progress	1,759,095	1,590,000	1,568,302	1,492,870	1,315,281	1,053,932	848,685	394,767	296,009	239,726	172,188	107,426	94,167	88,176
Trade Debtors	729,385	644,240	659,219	624,016	606,384	550,621	536,647	653,276	615,068	567,938	529,208	462,389	436,235	358,963
Group Debtors	0	0	0	1,500	1,500	0	0	0	0	0	0	0	0	0
Misc Debtors	24,893	22,871	53,015	66,519	84,576	37,878	33,961	11,109	0	0	0	0	0	0
Cash	2,423,504	2,101,453	1,265,702	543,539	643,174	581,529	781,351	187,102	305,929	336,711	411,966	322,453	151,000	81,673
misc current assets	3,011	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,939,888	4,358,564	3,546,238	2,728,444	2,650,915	2,223,960	2,200,644	1,246,254	1,217,006	1,144,375	1,113,362	892,268	681,402	528,812
total assets	7,629,453	6,907,596	6,232,436	6,380,740	6,061,624	5,385,580	5,186,418	5,373,315	4,657,245	3,799,261	3,469,325	2,972,067	2,975,764	2,808,507
Bank overdraft	0	11,946	68,675	1,181	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	268,608	353,707	288,101	242,789	208,854	224,999	194,226	317,521	915,904	558,787	601,121	543,964	554,267	782,970
Group/Directors Accounts	0	3	84,538	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	223,617	255,498	274,885	203,301	267,246	330,716	616,329	666,782	0	0	0	0	0	0
total current liabilities	492,225	621,154	716,199	447,271	476,100	555,715	810,555	984,303	915,904	558,787	601,121	543,964	554,267	782,970
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	0	0	0	0
provisions	599,240	401,177	403,569	342,091	271,002	220,932	234,962	292,153	197,762	87,401	182,129	111,251	200,585	144,869
total long term liabilities	599,240	401,177	403,569	342,091	271,002	220,932	234,962	292,153	197,762	87,401	182,129	111,251	200,585	144,869
total liabilities	1,091,465	1,022,331	1,119,768	789,362	747,102	776,647	1,045,517	1,276,456	1,113,666	646,188	783,250	655,215	754,852	927,839
net assets	6,537,988	5,885,265	5,112,668	5,591,378	5,314,522	4,608,933	4,140,901	4,096,859	3,543,579	3,153,073	2,686,075	2,316,852	2,220,912	1,880,668
total shareholders funds	6,537,988	5,885,265	5,112,668	5,591,378	5,314,522	4,608,933	4,140,901	4,096,859	3,543,579	3,153,073	2,686,075	2,316,852	2,220,912	1,880,668

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	715,929	948,026	-477,484	337,387	866,505	574,410	53,842	690,367	492,705	604,619	483,984	128,333	471,979	2,611,832
Depreciation	1,919	571,075	411,797	417,162	369,892	22,644	20,449	288,701	412,554	196,681	384,829	589,864	229,990	235,920
Amortisation	0	0	0	0	49,040	49,040	49,040	49,040	49,040	49,040	49,040	49,040	49,040	49,040
Tax	-153,108	-181,226	0	-64,942	-165,509	-109,785	-11,010	-138,320	-103,805	-139,493	-116,597	-33,674	-132,317	-731,370
Stock	169,095	21,698	75,432	177,589	261,349	205,247	453,918	98,758	56,283	67,538	64,762	13,259	5,991	88,176
Debtors	87,167	-45,123	20,199	-425	103,961	17,891	-93,777	49,317	47,130	38,730	66,819	26,154	77,272	358,963
Creditors	-85,099	65,606	45,312	33,935	-16,145	30,773	-123,295	-598,383	357,117	-42,334	57,157	-10,303	-228,703	782,970
Accruals and Deferred Income	-31,881	-19,387	71,584	-63,945	-63,470	-285,613	-50,453	666,782	0	0	0	0	0	0
Deferred Taxes & Provisions	198,063	-2,392	61,478	71,089	50,070	-14,030	-57,191	94,391	110,361	-94,728	70,878	-89,334	55,716	144,869
Cash flow from operations	389,561	1,405,127	17,056	553,522	725,073	44,301	-478,759	904,503	1,214,559	467,517	797,710	594,513	362,442	2,646,122
Investing Activities
capital expenditure	-142,452	-433,909	554,301	-658,749	-668,021	-247,530	1,071,798	-1,024,563	-1,246,947	-544,644	-710,033	-424,341	-293,697	-2,564,655
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-142,452	-433,909	554,301	-658,749	-668,021	-247,530	1,071,798	-1,024,563	-1,246,947	-544,644	-710,033	-424,341	-293,697	-2,564,655
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-3	-84,535	84,538	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	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	98	0	2
interest	89,902	5,798	-1,226	4,410	4,593	3,407	1,211	1,233	1,607	1,872	1,836	1,184	582	204
cash flow from financing	89,899	-78,737	83,312	4,410	4,593	3,407	1,211	1,233	1,607	1,872	1,836	1,282	582	206
cash and cash equivalents
cash	322,051	835,751	722,163	-99,635	61,645	-199,822	594,249	-118,827	-30,782	-75,255	89,513	171,453	69,327	81,673
overdraft	-11,946	-56,729	67,494	1,181	0	0	0	0	0	0	0	0	0	0
change in cash	333,997	892,480	654,669	-100,816	61,645	-199,822	594,249	-118,827	-30,782	-75,255	89,513	171,453	69,327	81,673

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GRIFFITHS HIRE SHOPS LIMITED group structure

Griffiths Hire Shops Limited has no subsidiary companies.

Ultimate parent company

GRIFFITHS HIRE SHOPS LIMITED

02842183

GRIFFITHS HIRE SHOPS LIMITED Shareholders

griffiths hire shops holdings limited

100%

Griffiths Hire Shops Limited currently has 2 directors. The longest serving directors include Mr David Griffiths (Aug 1993) and Mrs Gillian Griffiths (Aug 1993).

officer	country	age	start	end	role
Mr David Griffiths	United Kingdom	78 years	Aug 1993	-	Director
Mrs Gillian Griffiths	United Kingdom	72 years	Aug 1993	-	Director

P&L

February 2023

turnover

6.2m

+4%

operating profit

715.9k

gross margin

30%

+1.21%

turnover

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

Balance Sheet

February 2023

net assets

6.5m

+0.11%

total assets

7.6m

+0.1%

cash

2.4m

+0.15%

net assets

Total assets minus all liabilities

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company number

02842183

Type

Private limited with Share Capital

industry

46140 - Agents involved in the sale of machinery, industrial equipment, ships and aircraft

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

incorporation date

August 1993

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

griffiths tool hire & sales limited (January 2005)

incorporated

address

maes y clawdd shrewsbury road, oswestry, SY10 8NN

last accounts submitted

February 2023

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 did not find charges/mortgages relating to griffiths hire shops limited.

griffiths hire shops limited Company Information

griffiths hire shops limited Estimated Valuation

griffiths hire shops limited Estimated Valuation

griffiths hire shops limited Estimated Valuation

Griffiths Hire Shops Limited Overview

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GRIFFITHS HIRE SHOPS LIMITED financials

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