Norfolk Plant Hire Ltd

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norfolk plant hire ltd Company Information

Company Number

03317050

Next Accounts

82 days late

Directors

John Broom

Shareholders

john alan broom

Group Structure

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Industry

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

Registered Address

brickyard farm covey lane, surlingham, norwich, norfolk, NR14 7AL

Website

www.norfolkplanthire.co.uk

norfolk plant hire ltd Estimated Valuation

£662.1k

Pomanda estimates the enterprise value of NORFOLK PLANT HIRE LTD at £662.1k based on an EBITDA of £193.5k and a 3.42x industry multiple (adjusted for size and gross margin).

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Norfolk Plant Hire Ltd is a live company located in norwich, NR14 7AL with a Companies House number of 03317050. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in February 1997, it's largest shareholder is john alan broom with a 100% stake. Norfolk Plant Hire Ltd is a mature, small sized company, Pomanda has estimated its turnover at £1.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Norfolk Plant Hire Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £1.2m, make it smaller than the average company (£7.9m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (5.5%)

EXPORT

Norfolk Plant Hire Ltd's latest turnover from March 2023 is estimated at £1.2 million and the company has net assets of £26.8 thousand. According to their latest financial statements, Norfolk Plant Hire Ltd has 9 employees and maintains cash reserves of £255 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	1,216,070	1,358,778	852,230	884,837	998,836	789,071	620,186	539,677	351,428	549,685	787,371	889,506	570,779	588,847
Other Income Or Grants
Cost Of Sales	784,207	889,341	571,020	594,007	660,843	523,076	418,353	367,379	236,743	366,336	522,942	561,840	358,527	364,179
Gross Profit	431,863	469,437	281,211	290,830	337,993	265,995	201,833	172,298	114,684	183,349	264,430	327,666	212,252	224,668
Admin Expenses	341,876	401,190	195,144	235,211	380,139	150,929	174,904	112,093	27,712	217,724	248,606	354,627	297,247	492,897
Operating Profit	89,987	68,247	86,067	55,619	-42,146	115,066	26,929	60,205	86,972	-34,375	15,824	-26,961	-84,995	-268,229
Interest Payable	747					657	632	880	2,093	1,213
Interest Receivable	1,001	974	125	48	275	44	7	12	9	6	3		36	36
Pre-Tax Profit	90,241	69,221	86,193	55,667	-41,871	114,453	26,304	59,338	84,889	-35,581	15,828	-26,961	-84,959	-268,193
Tax	-17,146	-13,152	-16,377	-10,577		-21,746	-5,261	-11,867	-17,827		-3,799
Profit After Tax	73,095	56,069	69,816	45,090	-41,871	92,707	21,043	47,470	67,062	-35,581	12,029	-26,961	-84,959	-268,193
Dividends Paid
Retained Profit	73,095	56,069	69,816	45,090	-41,871	92,707	21,043	47,470	67,062	-35,581	12,029	-26,961	-84,959	-268,193
Employee Costs	403,399	432,457	364,834	492,429	484,254	313,718	304,727	148,777	111,423	145,066	175,691	244,326	171,554	175,388
Number Of Employees	9	10	9	12	12	8	8	4	3	4	5	7	5	5
EBITDA*	193,471	171,034	170,046	134,135	53,783	221,118	26,929	95,599	129,715	13,826	74,012	34,956	-47,122	-225,982

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	506,540	507,325	442,662	374,602	452,522	500,616	404,861	423,685	208,950	244,718	273,947	292,649	186,678	205,764
Intangible Assets
Investments & Other
Debtors (Due After 1 year)	29,303
Total Fixed Assets	535,843	507,325	442,662	374,602	452,522	500,616	404,861	423,685	208,950	244,718	273,947	292,649	186,678	205,764
Stock & work in progress	208,655	420,120	58,043	34,417	22,700	11,632	12,132	12,000	11,106	22,750	22,750	17,000	7,800	27,800
Trade Debtors	161,778	109,334	132,847	123,192	171,042	164,345	119,543	115,244	74,731	87,781	128,868	173,494	123,691	122,520
Group Debtors
Misc Debtors		7,900	10,000	28,805	38,030	30,706	920
Cash	255	46,837	212,996	37,564	58,431	14,887	2,682	2,612	2,206	1,295	1,295	1		14,292
misc current assets
total current assets	370,688	584,191	413,886	223,978	290,203	221,570	135,277	129,856	88,043	111,826	152,913	190,495	131,491	164,612
total assets	906,531	1,091,516	856,548	598,580	742,725	722,186	540,138	553,541	296,993	356,544	426,860	483,144	318,169	370,376
Bank overdraft	14,577						20,214		27,067	37,318
Bank loan
Trade Creditors	147,959	123,387	98,374	71,734	76,560	61,018	25,290	75,673	52,980	120,517	185,023	178,003	95,138	74,119
Group/Directors Accounts	76,457	136,457
other short term finances
hp & lease commitments	90,456	70,715	93,558	110,464	121,997	93,059	61,029	68,583	29,653	36,980		41,042	29,829	33,072
other current liabilities	145,010	125,876	153,272	66,776	127,484	63,669	59,449
total current liabilities	474,459	456,435	345,204	248,974	326,041	217,746	165,982	144,256	109,700	194,815	185,023	219,045	124,967	107,191
loans
hp & lease commitments	127,771	145,273	128,216	79,228	189,692	254,398	170,682	226,488	31,051			114,120	44,643	62,347
Accruals and Deferred Income
other liabilities	275,483	536,085	485,474	442,540	444,244	425,423	471,562	471,928	492,843	565,392	609,919	530,090	501,709	469,029
provisions	2,000
total long term liabilities	405,254	681,358	613,690	521,768	633,936	679,821	642,244	698,416	523,894	565,392	609,919	644,210	546,352	531,376
total liabilities	879,713	1,137,793	958,894	770,742	959,977	897,567	808,226	842,672	633,594	760,207	794,942	863,255	671,319	638,567
net assets	26,818	-46,277	-102,346	-172,162	-217,252	-175,381	-268,088	-289,131	-336,601	-403,663	-368,082	-380,111	-353,150	-268,191
total shareholders funds	26,818	-46,277	-102,346	-172,162	-217,252	-175,381	-268,088	-289,131	-336,601	-403,663	-368,082	-380,111	-353,150	-268,191

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	89,987	68,247	86,067	55,619	-42,146	115,066	26,929	60,205	86,972	-34,375	15,824	-26,961	-84,995	-268,229
Depreciation	103,484	102,787	83,979	78,516	95,929	106,052		35,394	42,743	48,201	58,188	61,917	37,873	42,247
Amortisation
Tax	-17,146	-13,152	-16,377	-10,577		-21,746	-5,261	-11,867	-17,827		-3,799
Stock	-211,465	362,077	23,626	11,717	11,068	-500	132	894	-11,644		5,750	9,200	-20,000	27,800
Debtors	73,847	-25,613	-9,150	-57,075	14,021	74,588	5,219	40,513	-13,050	-41,087	-44,626	49,803	1,171	122,520
Creditors	24,572	25,013	26,640	-4,826	15,542	35,728	-50,383	22,693	-67,537	-64,506	7,020	82,865	21,019	74,119
Accruals and Deferred Income	19,134	-27,396	86,496	-60,708	63,815	4,220	59,449
Deferred Taxes & Provisions	2,000
Cash flow from operations	359,649	-180,965	252,329	103,382	108,051	165,232	25,383	65,018	69,045	-9,593	116,109	58,818	-7,274	-302,183
Investing Activities
capital expenditure	-102,699	-167,450	-152,039	-596	-47,835	-201,807	18,824	-250,129	-6,975	-18,972	-39,486	-167,888	-18,787	-248,011
Change in Investments
cash flow from investments	-102,699	-167,450	-152,039	-596	-47,835	-201,807	18,824	-250,129	-6,975	-18,972	-39,486	-167,888	-18,787	-248,011
Financing Activities
Bank loans
Group/Directors Accounts	-60,000	136,457
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments	2,239	-5,786	32,082	-121,997	-35,768	115,746	-63,360	234,367	23,724	36,980	-155,162	80,690	-20,947	95,419
other long term liabilities	-260,602	50,611	42,934	-1,704	18,821	-46,139	-366	-20,915	-72,549	-44,527	79,829	28,381	32,680	469,029
share issue														2
interest	254	974	125	48	275	-613	-625	-868	-2,084	-1,207	3		36	36
cash flow from financing	-318,109	182,256	75,141	-123,653	-16,672	68,994	-64,351	212,584	-50,909	-8,754	-75,330	109,071	11,769	564,486
cash and cash equivalents
cash	-46,582	-166,159	175,432	-20,867	43,544	12,205	70	406	911		1,294	1	-14,292	14,292
overdraft	14,577					-20,214	20,214	-27,067	-10,251	37,318
change in cash	-61,159	-166,159	175,432	-20,867	43,544	32,419	-20,144	27,473	11,162	-37,318	1,294	1	-14,292	14,292

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NORFOLK PLANT HIRE LTD group structure

Norfolk Plant Hire Ltd has no subsidiary companies.

Ultimate parent company

NORFOLK PLANT HIRE LTD

03317050

NORFOLK PLANT HIRE LTD Shareholders

john alan broom

100%

Norfolk Plant Hire Ltd currently has 1 director, Mr John Broom serving since Feb 1997.

officer	country	age	start	end	role
Mr John Broom	United Kingdom	51 years	Feb 1997	-	Director

P&L

March 2023

turnover

1.2m

-11%

operating profit

90k

gross margin

35.6%

+2.79%

turnover

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

Balance Sheet

March 2023

net assets

26.8k

-1.58%

total assets

906.5k

-0.17%

cash

255

-0.99%

net assets

Total assets minus all liabilities

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company number

03317050

Type

Private limited with Share Capital

industry

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

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

February 1997

ultimate parent company

None

previous names

j broom limited (April 2015)

john broom boats limited (February 2008)

address

brickyard farm covey lane, surlingham, norwich, norfolk, NR14 7AL

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 1 charges/mortgages relating to norfolk plant hire ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

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norfolk plant hire ltd Company Information

norfolk plant hire ltd Estimated Valuation

norfolk plant hire ltd Estimated Valuation

norfolk plant hire ltd Estimated Valuation

Norfolk Plant Hire Ltd Overview

Norfolk Plant Hire Ltd Health Check

NORFOLK PLANT HIRE LTD financials

norfolk plant hire ltd Credit Report and Business Information

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norfolk plant hire ltd Ownership

norfolk plant hire ltd directors

norfolk plant hire ltd company details

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