Northern Forklift (scotland) Limited

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northern forklift (scotland) limited Company Information

Live

MatureMidLow

Company Number

03911775

Website

www.northernforklift.co.uk

Registered Address

orbital 7 orbital way, cannock, staffordshire, WS11 8XW

Industry

Agents specialised in the sale of other particular products

Repair of other equipment

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Telephone

441413330400

Next Accounts Due

September 2024

Group Structure

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Directors

Peter Jones4 Years

Shareholders

briggs equipment uk limited 100%

northern forklift (scotland) limited Estimated Valuation

£21.5m

Pomanda estimates the enterprise value of NORTHERN FORKLIFT (SCOTLAND) LIMITED at £21.5m based on Net Assets of £8.5m and 2.54x industry multiple (adjusted for liquidity).

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Northern Forklift (scotland) Limited AI Business Plan

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Northern Forklift (scotland) Limited is a live company located in staffordshire, WS11 8XW with a Companies House number of 03911775. It operates in the repair of other equipment sector, SIC Code 33190. Founded in January 2000, it's largest shareholder is briggs equipment uk limited with a 100% stake. Northern Forklift (scotland) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.1m with low growth in recent years.

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Pomanda's financial health check has awarded Northern Forklift (Scotland) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

3 Strong

5 Regular

4 Weak

Size

annual sales of £7.1m, make it in line with the average company (£7.8m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (4.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NORTHERN FORKLIFT (SCOTLAND) LIMITED group structure

Northern Forklift (Scotland) Limited has no subsidiary companies.

Ultimate parent company

SAMMONS ENTERPRISES INC

#0061020

BRIGGS EQUIPMENT UK LIMITED

05895588

2 parents

NORTHERN FORKLIFT (SCOTLAND) LIMITED

03911775

NORTHERN FORKLIFT (SCOTLAND) LIMITED Shareholders

briggs equipment uk limited

100%

Northern Forklift (Scotland) Limited currently has 1 director, Mr Peter Jones serving since Aug 2019.

officer	country	age	start	end	role
Mr Peter Jones	England	55 years	Aug 2019	-	Director

EXPORT

Northern Forklift (Scotland) Limited's latest turnover from December 2022 is £7.1 million and the company has net assets of £8.5 million. According to their latest financial statements, Northern Forklift (Scotland) Limited has 28 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	7,096,513	6,671,338	7,142,075	6,935,698	4,933,444	4,357,881	4,458,961	3,909,614	3,534,445	3,376,024	2,491,906	2,564,359	2,449,808	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,599,661	4,206,477	4,417,833	4,317,356	3,869,537	3,415,699	3,472,724	3,054,114	2,759,946	2,633,813	1,961,008	1,969,229	1,864,522	0
Gross Profit	2,496,852	2,464,861	2,724,242	2,618,342	1,063,907	942,183	986,237	855,500	774,499	742,212	530,898	595,130	585,287	0
Admin Expenses	938,813	1,003,267	1,248,970	1,181,755	36,601	-52,718	796,825	627,341	517,757	354,699	353,597	299,715	497,576	-1,980,752
Operating Profit	1,558,039	1,461,594	1,475,272	1,436,587	1,027,306	994,901	189,412	228,159	256,742	387,513	177,301	295,415	87,711	1,980,752
Interest Payable	28,354	38,170	105,841	123,000	0	0	0	0	0	0	0	0	0	0
Interest Receivable	540	0	521	521	10,226	4,369	1,525	3,093	2,741	2,884	2,804	2,822	3,456	1,878
Pre-Tax Profit	1,530,225	1,423,424	1,369,952	1,314,108	1,037,532	999,270	190,938	231,251	259,484	390,397	180,105	298,236	91,167	1,982,631
Tax	-607,836	-255,919	-136,349	-379,200	-197,131	-189,861	-38,187	-46,250	-54,492	-89,791	-43,225	-77,541	-25,527	-555,137
Profit After Tax	922,389	1,167,505	1,233,603	934,908	840,401	809,409	152,750	185,001	204,992	300,606	136,880	220,695	65,640	1,427,494
Dividends Paid	0	0	0	73,600	0	0	0	0	0	0	0	0	0	0
Retained Profit	922,389	1,167,505	1,233,603	861,308	840,401	809,409	152,750	185,001	204,992	300,606	136,880	220,695	65,640	1,427,494
Employee Costs	1,292,935	1,235,377	1,430,706	1,372,610	1,291,036	1,572,272	1,396,348	1,402,353	438,448	425,342	307,201	371,834	327,517	0
Number Of Employees	28	30	36	34	31	39	35	35	11	11	8	10	9	0
EBITDA*	3,494,941	4,970,418	3,224,000	3,221,384	2,633,767	2,884,353	1,477,873	1,285,438	1,141,233	1,249,312	951,554	957,797	724,198	2,587,878

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	6,174,365	7,041,081	6,252,576	7,113,843	5,774,954	6,491,138	7,078,678	3,787,753	3,693,981	3,482,006	2,890,667	2,800,607	1,734,484	1,805,775
Intangible Assets	0	0	0	100,446	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	59,825	15,762	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	6,174,365	7,100,906	6,268,338	7,214,289	5,774,954	6,491,138	7,078,678	3,787,753	3,693,981	3,482,006	2,890,667	2,800,607	1,734,484	1,805,775
Stock & work in progress	1,011,207	716,522	762,747	331,811	677,309	380,716	213,239	299,011	157,920	134,268	122,304	115,762	76,836	55,665
Trade Debtors	1,789,741	1,048,587	1,133,820	1,378,276	1,144,498	954,971	1,035,386	896,084	916,323	878,543	581,893	666,432	660,522	489,378
Group Debtors	564,798	2,677	0	1,608	0	0	0	0	0	0	0	0	0	0
Misc Debtors	3,363	15,793	22,722	15,914	0	0	0	0	0	0	0	0	0	0
Cash	1,344,793	986,723	1,338,157	1,280,686	1,529,315	1,197,700	550,006	670,194	566,894	529,556	624,011	497,740	631,002	751,252
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,713,902	2,770,302	3,257,446	3,008,295	3,351,122	2,533,387	1,798,631	1,865,289	1,641,137	1,542,367	1,328,208	1,279,934	1,368,360	1,296,295
total assets	10,888,267	9,871,208	9,525,784	10,222,584	9,126,076	9,024,525	8,877,309	5,653,042	5,335,118	5,024,373	4,218,875	4,080,541	3,102,844	3,102,070
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	242,172	189,242	395,634	224,005	2,776,282	2,383,532	2,468,678	1,664,412	1,488,913	1,310,282	1,110,149	1,031,392	1,036,908	910,885
Group/Directors Accounts	427,816	250,453	37,827	8,966	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	270,096	489,384	911,121	1,631,837	0	0	0	0	0	0	0	0	0	0
other current liabilities	887,803	704,831	638,696	837,073	0	0	0	0	0	0	0	0	0	0
total current liabilities	1,827,887	1,633,910	1,983,278	2,701,881	2,776,282	2,383,532	2,468,678	1,664,412	1,488,913	1,310,282	1,110,149	1,031,392	1,036,908	910,885
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	431,268	701,360	1,174,073	2,161,719	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	1,868,139	2,965,279	3,460,325	1,246,424	1,329,927	1,467,873	1,209,544	1,255,253	502,559	654,377
provisions	170,785	0	0	123,708	107,687	142,147	224,148	170,798	129,871	64,803	18,373	49,967	40,143	79,214
total long term liabilities	602,053	701,360	1,174,073	2,285,427	1,975,826	3,107,426	3,684,473	1,417,222	1,459,798	1,532,676	1,227,917	1,305,220	542,702	733,591
total liabilities	2,429,940	2,335,270	3,157,351	4,987,308	4,752,108	5,490,958	6,153,151	3,081,634	2,948,711	2,842,958	2,338,066	2,336,612	1,579,610	1,644,476
net assets	8,458,327	7,535,938	6,368,433	5,235,276	4,373,968	3,533,567	2,724,158	2,571,408	2,386,407	2,181,415	1,880,809	1,743,929	1,523,234	1,457,594
total shareholders funds	8,458,327	7,535,938	6,368,433	5,235,276	4,373,968	3,533,567	2,724,158	2,571,408	2,386,407	2,181,415	1,880,809	1,743,929	1,523,234	1,457,594

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	1,558,039	1,461,594	1,475,272	1,436,587	1,027,306	994,901	189,412	228,159	256,742	387,513	177,301	295,415	87,711	1,980,752
Depreciation	1,936,902	1,754,412	1,748,728	1,781,333	1,606,461	1,889,452	1,288,461	1,057,279	884,491	861,799	774,253	662,382	636,487	607,126
Amortisation	0	1,754,412	0	3,464	0	0	0	0	0	0	0	0	0	0
Tax	-607,836	-255,919	-136,349	-379,200	-197,131	-189,861	-38,187	-46,250	-54,492	-89,791	-43,225	-77,541	-25,527	-555,137
Stock	294,685	-46,225	430,936	-345,498	296,593	167,477	-85,772	141,091	23,652	11,964	6,542	38,926	21,171	55,665
Debtors	1,231,020	-45,422	-223,494	251,300	189,527	-80,415	139,302	-20,239	37,780	296,650	-84,539	5,910	171,144	489,378
Creditors	52,930	-206,392	171,629	-2,552,277	392,750	-85,146	804,266	175,499	178,631	200,133	78,757	-5,516	126,023	910,885
Accruals and Deferred Income	182,972	66,135	-198,377	837,073	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	170,785	0	-123,708	16,021	-34,460	-82,001	53,350	40,927	65,068	46,430	-31,594	9,824	-39,071	79,214
Cash flow from operations	1,768,087	4,665,889	2,729,753	1,237,199	2,308,806	2,440,283	2,243,772	1,334,762	1,269,008	1,097,470	1,033,489	839,728	593,308	2,477,797
Investing Activities
capital expenditure	-1,070,186	-4,297,329	-787,015	-3,224,132	-890,277	-1,301,912	-4,579,386	-1,151,051	-1,096,466	-1,453,138	-864,313	-1,728,505	-565,196	-2,412,901
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,070,186	-4,297,329	-787,015	-3,224,132	-890,277	-1,301,912	-4,579,386	-1,151,051	-1,096,466	-1,453,138	-864,313	-1,728,505	-565,196	-2,412,901
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	177,363	212,626	28,861	8,966	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	-489,380	-894,450	-1,708,362	3,793,556	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	-1,868,139	-1,097,140	-495,046	2,213,901	-83,503	-137,946	258,329	-45,709	752,694	-151,818	654,377
share issue	0	0	-100,446	0	0	0	0	0	0	0	0	0	0	30,100
interest	-27,814	-38,170	-105,320	-122,479	10,226	4,369	1,525	3,093	2,741	2,884	2,804	2,822	3,456	1,878
cash flow from financing	-339,831	-719,994	-1,885,267	1,811,904	-1,086,914	-490,677	2,215,426	-80,410	-135,205	261,213	-42,905	755,516	-148,362	686,355
cash and cash equivalents
cash	358,070	-351,434	57,471	-248,629	331,615	647,694	-120,188	103,300	37,338	-94,455	126,271	-133,262	-120,250	751,252
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	358,070	-351,434	57,471	-248,629	331,615	647,694	-120,188	103,300	37,338	-94,455	126,271	-133,262	-120,250	751,252

P&L

December 2022

turnover

7.1m

+6%

operating profit

1.6m

+7%

gross margin

35.2%

-4.77%

turnover

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

Balance Sheet

December 2022

net assets

8.5m

+0.12%

total assets

10.9m

+0.1%

cash

1.3m

+0.36%

net assets

Total assets minus all liabilities

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company number

03911775

Type

Private limited with Share Capital

industry

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

46180 - Agents specialised in the sale of other particular products

33190 - Repair of other equipment

incorporation date

January 2000

age

accounts

Audit Exemption Subsidiary

ultimate parent company

SAMMONS ENTERPRISES INC

previous names

broomco (2054) limited (February 2000)

incorporated

address

orbital 7 orbital way, cannock, staffordshire, WS11 8XW

last accounts submitted

December 2022

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 10 charges/mortgages relating to northern forklift (scotland) limited. Currently there are 4 open charges and 6 have been satisfied in the past.

northern forklift (scotland) limited Company Information

northern forklift (scotland) limited Estimated Valuation

northern forklift (scotland) limited Estimated Valuation

northern forklift (scotland) limited Estimated Valuation

Northern Forklift (scotland) Limited AI Business Plan

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NORTHERN FORKLIFT (SCOTLAND) LIMITED financials

northern forklift (scotland) limited company details

northern forklift (scotland) limited Charges & Mortgages

northern forklift (scotland) limited Companies House Filings - See Documents