Gareth Rees Plant Hire Limited

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gareth rees plant hire limited Company Information

Live

MatureSmallDeclining

Company Number

03722460

Website

Registered Address

22 pyle road, bishopston, swansea, SA3 3HH

Industry

Site preparation

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Gareth Rees25 Years

Shareholders

gareth charles rees 98%

j. rees 2%

gareth rees plant hire limited Estimated Valuation

£7.9m

Pomanda estimates the enterprise value of GARETH REES PLANT HIRE LIMITED at £7.9m based on Net Assets of £4.1m and 1.94x industry multiple (adjusted for liquidity).

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Gareth Rees Plant Hire Limited is a live company located in swansea, SA3 3HH with a Companies House number of 03722460. It operates in the site preparation sector, SIC Code 43120. Founded in March 1999, it's largest shareholder is gareth charles rees with a 98% stake. Gareth Rees Plant Hire Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.8m with declining growth in recent years.

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Pomanda's financial health check has awarded Gareth Rees Plant Hire Limited a 3.5 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 Rating3.5out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £3.8m, make it smaller than the average company (£12.5m)

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (5.7%)

EXPORT

Gareth Rees Plant Hire Limited's latest turnover from March 2023 is estimated at £3.8 million and the company has net assets of £4.1 million. According to their latest financial statements, Gareth Rees Plant Hire Limited has 16 employees and maintains cash reserves of £201.8 thousand 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	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	3,819,455	2,507,349	2,754,334	4,791,553	5,331,176	2,776,709	2,636,676	1,591,346	4,752,710	2,657,524	1,725,234	2,173,815	1,197,954	1,050,810
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,982,859	1,957,991	2,087,716	3,381,045	3,721,888	1,979,810	1,937,541	1,209,659	3,632,919	1,963,157	1,280,171	1,537,831	844,700	693,673
Gross Profit	836,597	549,358	666,619	1,410,507	1,609,288	796,899	699,135	381,686	1,119,791	694,367	445,063	635,984	353,254	357,137
Admin Expenses	63,459	462,056	999,064	-196,890	618,256	-346,393	386,865	490,031	945,826	567,593	459,733	536,162	388,997	-136,170
Operating Profit	773,138	87,302	-332,445	1,607,397	991,032	1,143,292	312,270	-108,345	173,965	126,774	-14,670	99,822	-35,743	493,307
Interest Payable	37,074	32,159	15,250	0	0	0	86	90	0	0	0	0	0	0
Interest Receivable	7,559	1,488	273	212	1,606	1,231	232	402	468	86	19	112	223	113
Pre-Tax Profit	743,623	56,631	-347,422	1,607,610	992,638	1,144,522	312,416	-108,033	174,433	126,860	-14,651	99,934	-35,520	493,419
Tax	-141,288	-10,760	0	-305,446	-188,601	-217,459	-62,483	0	-36,631	-29,178	0	-25,983	0	-138,157
Profit After Tax	602,335	45,871	-347,422	1,302,164	804,037	927,063	249,933	-108,033	137,802	97,682	-14,651	73,951	-35,520	355,262
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	602,335	45,871	-347,422	1,302,164	804,037	927,063	249,933	-108,033	137,802	97,682	-14,651	73,951	-35,520	355,262
Employee Costs	738,021	564,245	437,648	422,890	404,634	228,067	143,679	278,588	1,059,223	538,333	303,778	445,566	255,459	291,481
Number Of Employees	16	13	10	10	10	6	4	8	30	15	9	13	8	9
EBITDA*	1,488,388	805,987	421,818	2,277,812	1,523,340	1,432,009	571,613	151,591	433,183	315,467	114,016	206,139	53,167	559,149

* 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	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	6,125,709	6,222,955	6,482,241	7,398,164	5,917,080	4,102,746	3,151,946	2,288,574	2,506,524	929,381	715,053	565,603	426,116	261,450
Intangible Assets	0	0	0	0	0	0	0	5,000	15,000	25,000	35,000	45,000	55,000	65,000
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	6,125,709	6,222,955	6,482,241	7,398,164	5,917,080	4,102,746	3,151,946	2,293,574	2,521,524	954,381	750,053	610,603	481,116	326,450
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	727,328	531,739	724,034	951,001	932,738	570,869	554,484	317,655	695,851	416,122	224,103	359,179	182,906	155,900
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	53,342	65,642	62,781	148,131	241,241	280,522	138,231	60,023	0	0	0	0	0	39,593
Cash	201,763	153,945	242,751	303,334	121,469	306,885	185,317	483	160,131	27,215	7,154	480	44,207	45,004
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	982,433	751,326	1,029,566	1,402,466	1,295,448	1,158,276	878,032	378,161	855,982	443,337	231,257	359,659	227,113	240,497
total assets	7,108,142	6,974,281	7,511,807	8,800,630	7,212,528	5,261,022	4,029,978	2,671,735	3,377,506	1,397,718	981,310	970,262	708,229	566,947
Bank overdraft	150,000	150,000	0	0	0	0	0	2,764	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	265,030	93,832	120,147	421,139	724,313	346,734	428,520	177,779	955,367	466,567	335,142	338,370	235,690	146,633
Group/Directors Accounts	19,142	98,857	144	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	840,170	1,054,409	1,204,840	1,785,866	1,376,974	1,028,982	915,401	438,493	0	0	0	0	0	0
other current liabilities	182,565	264,962	389,077	317,103	509,640	375,289	97,056	52,780	0	0	0	0	0	0
total current liabilities	1,456,907	1,662,060	1,714,208	2,524,108	2,610,927	1,751,005	1,440,977	671,816	955,367	466,567	335,142	338,370	235,690	146,633
loans	120,533	302,857	500,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	751,346	739,272	1,129,093	1,788,351	1,566,567	1,426,172	1,525,040	1,273,176	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	1,562,827	318,737	156,343	156,297	86,142	10,274
provisions	688,781	781,852	726,137	698,380	547,407	400,255	307,434	220,149	244,685	135,589	110,682	81,900	66,653	54,776
total long term liabilities	1,560,660	1,823,981	2,355,230	2,486,731	2,113,974	1,826,427	1,832,474	1,493,325	1,807,512	454,326	267,025	238,197	152,795	65,050
total liabilities	3,017,567	3,486,041	4,069,438	5,010,839	4,724,901	3,577,432	3,273,451	2,165,141	2,762,879	920,893	602,167	576,567	388,485	211,683
net assets	4,090,575	3,488,240	3,442,369	3,789,791	2,487,627	1,683,590	756,527	506,594	614,627	476,825	379,143	393,695	319,744	355,264
total shareholders funds	4,090,575	3,488,240	3,442,369	3,789,791	2,487,627	1,683,590	756,527	506,594	614,627	476,825	379,143	393,695	319,744	355,264

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	773,138	87,302	-332,445	1,607,397	991,032	1,143,292	312,270	-108,345	173,965	126,774	-14,670	99,822	-35,743	493,307
Depreciation	715,250	718,685	754,263	670,415	532,308	288,717	254,343	249,936	249,218	178,693	118,686	96,317	78,910	55,842
Amortisation	0	0	0	0	0	0	5,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000
Tax	-141,288	-10,760	0	-305,446	-188,601	-217,459	-62,483	0	-36,631	-29,178	0	-25,983	0	-138,157
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	183,289	-189,434	-312,317	-74,847	322,588	158,676	315,037	-318,173	279,729	192,019	-135,076	176,273	-12,587	195,493
Creditors	171,198	-26,315	-300,992	-303,174	377,579	-81,786	250,741	-777,588	488,800	131,425	-3,228	102,680	89,057	146,633
Accruals and Deferred Income	-82,397	-124,115	71,974	-192,537	134,351	278,233	44,276	52,780	0	0	0	0	0	0
Deferred Taxes & Provisions	-93,071	55,715	27,757	150,973	147,152	92,821	87,285	-24,536	109,096	24,907	28,782	15,247	11,877	54,776
Cash flow from operations	1,159,541	889,946	532,874	1,702,475	1,671,233	1,345,142	576,395	-279,580	714,719	250,602	274,646	121,810	166,688	426,908
Investing Activities
capital expenditure	-618,004	-459,399	161,660	-2,151,499	-2,346,642	-1,239,517	-1,117,715	-31,986	-1,826,361	-393,021	-268,136	-235,804	-243,576	-392,292
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-618,004	-459,399	161,660	-2,151,499	-2,346,642	-1,239,517	-1,117,715	-31,986	-1,826,361	-393,021	-268,136	-235,804	-243,576	-392,292
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-79,715	98,713	144	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	-182,324	-197,143	500,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-202,165	-540,252	-1,240,284	630,676	488,387	14,713	728,772	1,711,669	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-1,562,827	1,244,090	162,394	46	70,155	75,868	10,274
share issue	0	0	0	0	0	0	0	0	0	0	99	0	0	2
interest	-29,515	-30,671	-14,977	212	1,606	1,231	146	312	468	86	19	112	223	113
cash flow from financing	-493,719	-669,353	-755,117	630,888	489,993	15,944	728,918	149,154	1,244,558	162,480	164	70,267	76,091	10,389
cash and cash equivalents
cash	47,818	-88,806	-60,583	181,865	-185,416	121,568	184,834	-159,648	132,916	20,061	6,674	-43,727	-797	45,004
overdraft	0	150,000	0	0	0	0	-2,764	2,764	0	0	0	0	0	0
change in cash	47,818	-238,806	-60,583	181,865	-185,416	121,568	187,598	-162,412	132,916	20,061	6,674	-43,727	-797	45,004

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GARETH REES PLANT HIRE LIMITED group structure

Gareth Rees Plant Hire Limited has no subsidiary companies.

Ultimate parent company

GARETH REES PLANT HIRE LIMITED

03722460

GARETH REES PLANT HIRE LIMITED Shareholders

gareth charles rees	98.02%
j. rees	1.98%

Gareth Rees Plant Hire Limited currently has 1 director, Mr Gareth Rees serving since Mar 1999.

officer	country	age	start	end	role
Mr Gareth Rees		57 years	Mar 1999	-	Director

P&L

March 2023

turnover

3.8m

+52%

operating profit

773.1k

gross margin

22%

-0.03%

turnover

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

Balance Sheet

March 2023

net assets

4.1m

+0.17%

total assets

7.1m

+0.02%

cash

201.8k

+0.31%

net assets

Total assets minus all liabilities

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company number

03722460

Type

Private limited with Share Capital

industry

43120 - Site preparation

incorporation date

March 1999

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

22 pyle road, bishopston, swansea, SA3 3HH

last accounts submitted

March 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 found 2 charges/mortgages relating to gareth rees plant hire limited. Currently there are 2 open charges and 0 have been satisfied in the past.

gareth rees plant hire limited Company Information

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gareth rees plant hire limited Estimated Valuation

gareth rees plant hire limited Estimated Valuation

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