Armill Lift Trucks Limited

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armill lift trucks limited Company Information

Company Number

03641699

Next Accounts

Jan 2026

Directors

Peter Millar

Ann Millar

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Shareholders

gary millar

forktrucks2go limited

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Group Structure

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Industry

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

Registered Address

3a crittall drive, springwood industrial estate, braintree, essex, CM7 2RT

Website

www.armill.co.uk

armill lift trucks limited Estimated Valuation

£3.8m

Pomanda estimates the enterprise value of ARMILL LIFT TRUCKS LIMITED at £3.8m based on Net Assets of £1.7m and 2.29x industry multiple (adjusted for liquidity).

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Armill Lift Trucks Limited is a live company located in braintree, CM7 2RT with a Companies House number of 03641699. It operates in the renting and leasing of other machinery, equipment and tangible goods n.e.c. sector, SIC Code 77390. Founded in October 1998, it's largest shareholder is gary millar with a 79.8% stake. Armill Lift Trucks Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.7m with rapid growth in recent years.

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Pomanda's financial health check has awarded Armill Lift Trucks Limited a 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 Rating5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £3.7m, make it smaller than the average company (£10.4m)

Growth

3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (8.5%)

EXPORT

Armill Lift Trucks Limited's latest turnover from April 2024 is estimated at £3.7 million and the company has net assets of £1.7 million. According to their latest financial statements, Armill Lift Trucks Limited has 18 employees and maintains cash reserves of £883.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	3,673,806	2,643,979	1,793,382	1,422,430	1,694,212	1,440,783	1,267,188	1,196,497	626,675	1,134,675	815,487	640,856	847,640	767,000	892,186
Other Income Or Grants
Cost Of Sales	1,904,058	1,423,675	989,537	825,744	1,006,006	829,441	726,483	719,179	385,785	666,497	487,350	378,492	472,537	423,110	497,570
Gross Profit	1,769,748	1,220,304	803,844	596,686	688,205	611,342	540,704	477,318	240,890	468,178	328,137	262,364	375,103	343,891	394,616
Admin Expenses	1,178,740	806,443	552,373	428,212	577,023	546,083	525,090	320,239	199,870	472,260	285,218	281,953	354,284	268,468	348,394
Operating Profit	591,008	413,861	251,471	168,474	111,182	65,259	15,614	157,079	41,020	-4,082	42,919	-19,589	20,819	75,423	46,222
Interest Payable	3,826	4,469	3,317	1,525
Interest Receivable	41,855	22,724	2,477	282	176	970	901	396	425	200	99	147	170	88	57
Pre-Tax Profit	629,037	432,116	250,631	167,231	111,358	66,228	16,515	157,475	41,445	-3,882	43,018	-19,442	20,989	75,511	46,279
Tax	-157,259	-108,029	-47,620	-31,774	-21,158	-12,583	-3,138	-29,920	-8,289		-9,034		-5,037	-19,633	-12,958
Profit After Tax	471,778	324,087	203,011	135,457	90,200	53,645	13,377	127,555	33,156	-3,882	33,984	-19,442	15,952	55,878	33,321
Dividends Paid
Retained Profit	471,778	324,087	203,011	135,457	90,200	53,645	13,377	127,555	33,156	-3,882	33,984	-19,442	15,952	55,878	33,321
Employee Costs	849,353	757,991	604,386	550,096	629,200	589,542	491,579	554,591	178,352	258,188	179,947	136,333	202,500	206,708	224,500
Number Of Employees	18	17	14	14	16	15	13	15	5	7	5	4	6	6	7
EBITDA*	757,801	564,047	401,354	268,918	215,025	149,382	88,256	211,066	92,783	53,300	83,753	23,963	68,185	118,888	95,726

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	904,498	717,213	849,329	539,894	503,401	408,141	353,293	265,149	272,550	313,323	275,213	261,858	235,877	234,413	267,640
Intangible Assets	4,367	5,823	7,764	10,351	13,802	18,402	24,536
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	908,865	723,036	857,093	550,245	517,203	426,543	377,829	265,149	272,550	313,323	275,213	261,858	235,877	234,413	267,640
Stock & work in progress	255,196	335,575	92,800	140,849	109,040	147,985	165,760	132,184	104,531	56,645	71,955	49,545	63,017	54,612	52,197
Trade Debtors	697,574	458,375	313,411	177,288	217,723	156,162	137,717	106,046	88,691	197,704	133,537	102,848	145,269	131,304	133,985
Group Debtors
Misc Debtors	84,157	224,231	180,563	91,202	46,034	46,769	38,873	30,938	31,547
Cash	883,560	710,927	358,419	302,240	262,184	89,519	169,045	191,185	125,921	43,888	36,236	3,389	55,590	12,475	22,686
misc current assets
total current assets	1,920,487	1,729,108	945,193	711,579	634,981	440,435	511,395	460,353	350,690	298,237	241,728	155,782	263,876	198,391	208,868
total assets	2,829,352	2,452,144	1,802,286	1,261,824	1,152,184	866,978	889,224	725,502	623,240	611,560	516,941	417,640	499,753	432,804	476,508
Bank overdraft	10,043	9,787	9,390	1,564
Bank loan
Trade Creditors	70,247	150,327	161,508	107,564	121,247	77,873	136,546	63,217	122,419	299,134	227,070	175,266	265,440	199,945	305,909
Group/Directors Accounts
other short term finances
hp & lease commitments	95,742	109,982	106,761	48,541	69,853	56,893	55,945	37,944	34,302
other current liabilities	473,539	461,903	212,356	132,602	114,522	83,734	89,971	113,436	92,217
total current liabilities	649,571	731,999	490,015	290,271	305,622	218,500	282,462	214,597	248,938	299,134	227,070	175,266	265,440	199,945	305,909
loans	19,074	29,117	38,904	48,436
hp & lease commitments	269,685	317,442	240,149	151,271	216,515	126,435	148,227	87,774	75,405
Accruals and Deferred Income
other liabilities										97,515	71,078	57,565	30,062	44,560	38,178
provisions	223,845	178,187	161,906	103,545	97,203	79,399	69,536	47,509	50,830
total long term liabilities	512,604	524,746	440,959	303,252	313,718	205,834	217,763	135,283	126,235	97,515	71,078	57,565	30,062	44,560	38,178
total liabilities	1,162,175	1,256,745	930,974	593,523	619,340	424,334	500,225	349,880	375,173	396,649	298,148	232,831	295,502	244,505	344,087
net assets	1,667,177	1,195,399	871,312	668,301	532,844	442,644	388,999	375,622	248,067	214,911	218,793	184,809	204,251	188,299	132,421
total shareholders funds	1,667,177	1,195,399	871,312	668,301	532,844	442,644	388,999	375,622	248,067	214,911	218,793	184,809	204,251	188,299	132,421

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	591,008	413,861	251,471	168,474	111,182	65,259	15,614	157,079	41,020	-4,082	42,919	-19,589	20,819	75,423	46,222
Depreciation	165,337	148,245	147,296	96,993	99,243	77,989	71,006	53,987	51,763	57,382	40,834	43,552	47,366	43,465	49,504
Amortisation	1,456	1,941	2,587	3,451	4,600	6,134	1,636
Tax	-157,259	-108,029	-47,620	-31,774	-21,158	-12,583	-3,138	-29,920	-8,289		-9,034		-5,037	-19,633	-12,958
Stock	-80,379	242,775	-48,049	31,809	-38,945	-17,775	33,576	27,653	47,886	-15,310	22,410	-13,472	8,405	2,415	52,197
Debtors	99,125	188,632	225,484	4,733	60,826	26,341	39,606	16,746	-77,466	64,167	30,689	-42,421	13,965	-2,681	133,985
Creditors	-80,080	-11,181	53,944	-13,683	43,374	-58,673	73,329	-59,202	-176,715	72,064	51,804	-90,174	65,495	-105,964	305,909
Accruals and Deferred Income	11,636	249,547	79,754	18,080	30,788	-6,237	-23,465	21,219	92,217
Deferred Taxes & Provisions	45,658	16,281	58,361	6,342	17,804	9,863	22,027	-3,321	50,830
Cash flow from operations	559,010	279,258	368,358	211,341	263,952	73,186	83,827	95,443	80,406	76,507	73,424	-10,318	106,273	-6,443	202,495
Investing Activities
capital expenditure	-352,622	-16,129	-456,731	-133,486	-194,503	-132,837	-185,322	-46,586	-10,990	-95,492	-54,189	-69,533	-48,830	-10,238	-317,144
Change in Investments
cash flow from investments	-352,622	-16,129	-456,731	-133,486	-194,503	-132,837	-185,322	-46,586	-10,990	-95,492	-54,189	-69,533	-48,830	-10,238	-317,144
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans	-10,043	-9,787	-9,532	48,436
Hire Purchase and Lease Commitments	-61,997	80,514	147,098	-86,556	103,040	-20,844	78,454	16,011	109,707
other long term liabilities									-97,515	26,437	13,513	27,503	-14,498	6,382	38,178
share issue															99,100
interest	38,029	18,255	-840	-1,243	176	970	901	396	425	200	99	147	170	88	57
cash flow from financing	-34,011	88,982	136,726	-39,363	103,216	-19,874	79,355	16,407	12,617	26,637	13,612	27,650	-14,328	6,470	137,335
cash and cash equivalents
cash	172,633	352,508	56,179	40,056	172,665	-79,526	-22,140	65,264	82,033	7,652	32,847	-52,201	43,115	-10,211	22,686
overdraft	256	397	7,826	1,564
change in cash	172,377	352,111	48,353	38,492	172,665	-79,526	-22,140	65,264	82,033	7,652	32,847	-52,201	43,115	-10,211	22,686

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ARMILL LIFT TRUCKS LIMITED group structure

Armill Lift Trucks Limited has no subsidiary companies.

Ultimate parent company

ARMILL LIFT TRUCKS LIMITED

03641699

ARMILL LIFT TRUCKS LIMITED Shareholders

gary millar	79.83%
forktrucks2go limited	10.17%
ann garthwaite millar	5%
peter millar	5%

Armill Lift Trucks Limited currently has 5 directors. The longest serving directors include Mr Peter Millar (Oct 1998) and Ms Ann Millar (Oct 1998).

officer	country	age	start	end	role
Mr Peter Millar		79 years	Oct 1998	-	Director
Ms Ann Millar		78 years	Oct 1998	-	Director
Mr Gary Millar		52 years	Aug 2001	-	Director
Mr David Dadd	United Kingdom	52 years	May 2015	-	Director
Mr Allan Harvey	United Kingdom	37 years	Oct 2024	-	Director

P&L

April 2024

turnover

3.7m

+39%

operating profit

591k

gross margin

48.2%

+4.37%

turnover

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

Balance Sheet

April 2024

net assets

1.7m

+0.39%

total assets

2.8m

+0.15%

cash

883.6k

+0.24%

net assets

Total assets minus all liabilities

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company number

03641699

Type

Private limited with Share Capital

industry

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

incorporation date

October 1998

ultimate parent company

None

previous names

N/A

address

3a crittall drive, springwood industrial estate, braintree, essex, CM7 2RT

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armill lift trucks limited Company Information

armill lift trucks limited Estimated Valuation

armill lift trucks limited Estimated Valuation

armill lift trucks limited Estimated Valuation

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