palmer & martin vehicle hire ltdEstimated Valuation
£1.1m
Pomanda estimates the enterprise value of PALMER & MARTIN VEHICLE HIRE LTD at £1.1m based on a Turnover of £2.2m and 0.51x industry multiple (adjusted for size and gross margin).
palmer & martin vehicle hire ltdEstimated Valuation
£1.2m
Pomanda estimates the enterprise value of PALMER & MARTIN VEHICLE HIRE LTD at £1.2m based on an EBITDA of £342.6k and a 3.36x industry multiple (adjusted for size and gross margin).
palmer & martin vehicle hire ltdEstimated Valuation
£1.1m
Pomanda estimates the enterprise value of PALMER & MARTIN VEHICLE HIRE LTD at £1.1m based on Net Assets of £457.7k and 2.37x industry multiple (adjusted for liquidity).
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Palmer & Martin Vehicle Hire LtdOverview
Palmer & Martin Vehicle Hire Ltd is a live company located in stevenage, SG1 2EF with a Companies House number of 04166902. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in February 2001, it's largest shareholder is
palmer group limited
with a 100% stake. Palmer & Martin Vehicle Hire Ltd is a mature,
small sized company, Pomanda has estimated its turnover at
£2.2m with
high
growth in recent years.
Pomanda's financial health check has awarded Palmer & Martin Vehicle Hire Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
2 Strong
3 Regular
7 Weak
Size
annual sales of £2.2m, make it smaller than the average company (£9.3m)
£2.2m - Palmer & Martin Vehicle Hire Ltd
£9.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (10.9%)
19% - Palmer & Martin Vehicle Hire Ltd
10.9% - Industry AVG
Production
with a gross margin of 31.6%, this company has a comparable cost of product (31.6%)
31.6% - Palmer & Martin Vehicle Hire Ltd
31.6% - Industry AVG
Profitability
an operating margin of -1.8% make it less profitable than the average company (10.4%)
-1.8% - Palmer & Martin Vehicle Hire Ltd
10.4% - Industry AVG
Employees
with 11 employees, this is below the industry average (29)
11 - Palmer & Martin Vehicle Hire Ltd
29 - Industry AVG
Pay Structure
on an average salary of £39.2k, the company has an equivalent pay structure (£39.2k)
£39.2k - Palmer & Martin Vehicle Hire Ltd
£39.2k - Industry AVG
Efficiency
resulting in sales per employee of £197.4k, this is less efficient (£250.3k)
£197.4k - Palmer & Martin Vehicle Hire Ltd
£250.3k - Industry AVG
Debtor Days
it gets paid by customers after 61 days, this is later than average (40 days)
61 days - Palmer & Martin Vehicle Hire Ltd
40 days - Industry AVG
Creditor Days
its suppliers are paid after 24 days, this is quicker than average (33 days)
24 days - Palmer & Martin Vehicle Hire Ltd
33 days - Industry AVG
Stock Days
it holds stock equivalent to 11 days, this is in line with average (13 days)
11 days - Palmer & Martin Vehicle Hire Ltd
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 13 weeks, this is more cash available to meet short term requirements (11 weeks)
13 weeks - Palmer & Martin Vehicle Hire Ltd
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.6%, this is a higher level of debt than the average (69.5%)
84.6% - Palmer & Martin Vehicle Hire Ltd
69.5% - Industry AVG
PALMER & MARTIN VEHICLE HIRE LTD financials
EXPORT
Palmer & Martin Vehicle Hire Ltd's latest turnover from March 2024 is estimated at £2.2 million and the company has net assets of £457.7 thousand. According to their latest financial statements, Palmer & Martin Vehicle Hire Ltd has 11 employees and maintains cash reserves of £260.1 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
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
2,171,158
1,598,358
1,271,742
1,296,713
1,313,980
1,454,071
1,877,001
1,498,573
1,235,090
2,512,771
1,862,744
1,372,682
1,091,700
1,064,884
1,078,906
Other Income Or Grants
Cost Of Sales
1,484,378
1,089,269
883,374
945,610
924,737
1,011,086
1,289,734
995,120
830,086
1,710,846
1,262,309
924,353
724,844
697,988
733,014
Gross Profit
686,780
509,089
388,367
351,103
389,243
442,985
587,267
503,453
405,004
801,925
600,435
448,329
366,856
366,895
345,892
Admin Expenses
726,921
197,586
294,981
163,572
457,797
407,920
608,267
395,711
475,567
846,990
495,239
461,467
355,621
329,224
345,377
Operating Profit
-40,141
311,503
93,386
187,531
-68,554
35,065
-21,000
107,742
-70,563
-45,065
105,196
-13,138
11,235
37,671
515
Interest Payable
3,463
5,326
5,147
4,626
2,803
1,663
1,229
1,129
639
Interest Receivable
15,590
11,449
1,468
103
9
27
23
3
94
160
71
5
Pre-Tax Profit
-28,014
317,626
89,707
183,007
-71,347
33,428
-22,206
106,616
-71,108
-44,905
105,268
-13,134
11,235
37,671
515
Tax
-60,349
-17,044
-34,771
-6,351
-21,323
-24,212
-2,921
-10,548
-144
Profit After Tax
-28,014
257,277
72,663
148,236
-71,347
27,077
-22,206
85,293
-71,108
-44,905
81,056
-13,134
8,314
27,123
371
Dividends Paid
Retained Profit
-28,014
257,277
72,663
148,236
-71,347
27,077
-22,206
85,293
-71,108
-44,905
81,056
-13,134
8,314
27,123
371
Employee Costs
431,001
418,591
344,465
364,921
364,824
369,941
419,646
353,051
250,332
458,283
324,642
268,623
230,798
222,045
222,695
Number Of Employees
11
11
10
11
11
11
13
11
8
15
11
9
8
8
8
EBITDA*
342,647
599,969
94,564
359,855
124,348
289,134
273,666
394,682
131,553
-45,065
251,342
121,307
148,358
169,185
148,036
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
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
2,157,001
1,304,471
878,280
691,364
776,083
849,646
951,517
1,082,295
933,976
678,399
559,030
515,336
545,826
470,600
441,148
Intangible Assets
1
1
1
1
700
1,400
2,100
2,800
3,500
4,200
4,900
5,600
6,300
7,000
7,700
Investments & Other
Debtors (Due After 1 year)
2,179
2,179
Total Fixed Assets
2,159,181
1,306,651
878,281
691,365
776,783
851,046
953,617
1,085,095
937,476
682,599
563,930
520,936
552,126
477,600
448,848
Stock & work in progress
45,000
30,000
18,000
12,000
18,443
33,345
48,248
9,750
9,750
19,800
10,000
31,300
20,000
17,500
15,000
Trade Debtors
367,884
240,536
181,053
205,478
168,525
242,268
333,029
259,219
217,716
262,523
239,863
136,578
99,027
88,425
30,412
Group Debtors
Misc Debtors
147,965
100,710
42,155
46,411
57,260
15,807
35,725
54,589
10,316
Cash
260,078
333,826
204,931
186,566
18,865
119
7,043
2,259
207
37,474
26,643
1,800
misc current assets
total current assets
820,927
705,072
446,139
450,455
263,093
291,539
424,045
325,817
237,989
319,797
276,506
169,678
119,027
105,925
45,412
total assets
2,980,108
2,011,723
1,324,420
1,141,820
1,039,876
1,142,585
1,377,662
1,410,912
1,175,465
1,002,396
840,436
690,614
671,153
583,525
494,260
Bank overdraft
10,204
9,952
9,707
7,906
16,690
27,926
21,362
16,447
19,673
Bank loan
Trade Creditors
98,655
61,574
64,913
69,197
97,298
55,726
99,036
85,440
57,305
614,665
416,877
344,661
316,358
295,156
379,164
Group/Directors Accounts
other short term finances
hp & lease commitments
590,000
406,159
293,496
198,506
261,738
308,995
326,640
347,050
268,819
other current liabilities
314,946
151,135
167,599
222,091
199,409
216,076
339,323
263,388
263,019
total current liabilities
1,013,805
628,820
535,715
497,700
575,135
608,723
786,361
712,325
608,816
614,665
416,877
344,661
316,358
295,156
379,164
loans
12,235
29,165
55,095
79,798
47,274
hp & lease commitments
1,114,688
663,149
367,823
288,444
277,621
311,156
408,025
479,371
431,134
Accruals and Deferred Income
other liabilities
226,310
256,188
279,171
279,447
228,621
104,465
provisions
381,684
204,879
137,354
120,108
132,312
143,825
131,472
145,206
146,798
101,596
62,641
43,108
38,540
31,254
9,260
total long term liabilities
1,508,607
897,193
560,272
488,350
457,207
454,981
539,497
624,577
577,932
327,906
318,829
322,279
317,987
259,875
113,725
total liabilities
2,522,412
1,526,013
1,095,987
986,050
1,032,342
1,063,704
1,325,858
1,336,902
1,186,748
942,571
735,706
666,940
634,345
555,031
492,889
net assets
457,696
485,710
228,433
155,770
7,534
78,881
51,804
74,010
-11,283
59,825
104,730
23,674
36,808
28,494
1,371
total shareholders funds
457,696
485,710
228,433
155,770
7,534
78,881
51,804
74,010
-11,283
59,825
104,730
23,674
36,808
28,494
1,371
Mar 2024
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
-40,141
311,503
93,386
187,531
-68,554
35,065
-21,000
107,742
-70,563
-45,065
105,196
-13,138
11,235
37,671
515
Depreciation
382,788
288,466
1,178
171,625
192,202
253,369
293,966
286,240
201,416
145,446
133,745
136,423
130,814
146,821
Amortisation
699
700
700
700
700
700
700
700
700
700
700
Tax
-60,349
-17,044
-34,771
-6,351
-21,323
-24,212
-2,921
-10,548
-144
Stock
15,000
12,000
6,000
-6,443
-14,902
-14,903
38,498
-10,050
9,800
-21,300
11,300
2,500
2,500
15,000
Debtors
174,603
120,217
-28,681
26,104
-32,290
-110,679
54,946
85,776
-34,491
22,660
103,285
37,551
10,602
58,013
30,412
Creditors
37,081
-3,339
-4,284
-28,101
41,572
-43,310
13,596
28,135
-557,360
197,788
72,216
28,303
21,202
-84,008
379,164
Accruals and Deferred Income
163,811
-16,464
-54,492
22,682
-16,667
-123,247
75,935
369
263,019
Deferred Taxes & Provisions
176,805
67,525
17,246
-12,204
-11,513
12,353
-13,734
-1,592
45,202
38,955
19,533
4,568
7,286
21,994
9,260
Cash flow from operations
530,741
455,125
58,671
287,800
184,932
254,161
256,019
314,495
-73,045
159,218
236,894
105,327
160,823
36,110
490,904
Investing Activities
capital expenditure
-1,235,318
-714,657
-188,094
-86,906
-118,639
-151,498
-163,188
-434,559
-456,993
-118,669
-189,140
-103,255
-211,649
-160,266
-596,369
Change in Investments
cash flow from investments
-1,235,318
-714,657
-188,094
-86,906
-118,639
-151,498
-163,188
-434,559
-456,993
-118,669
-189,140
-103,255
-211,649
-160,266
-596,369
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-16,930
-25,930
-24,703
32,524
47,274
Hire Purchase and Lease Commitments
635,380
407,989
174,369
-52,409
-80,792
-114,514
-91,756
126,468
699,953
other long term liabilities
-226,310
-29,878
-22,983
-276
50,826
124,156
104,465
share issue
1,000
interest
12,127
6,123
-3,679
-4,523
-2,794
-1,636
-1,206
-1,126
-545
160
71
5
cash flow from financing
630,577
388,182
145,987
-24,408
-36,312
-116,150
-92,962
125,342
473,098
-29,718
-22,912
-271
50,826
124,156
105,465
cash and cash equivalents
cash
-73,748
128,895
18,365
167,701
18,746
-6,924
4,784
2,052
-37,267
10,831
24,843
1,800
overdraft
252
245
1,801
-8,784
-11,236
6,564
4,915
-3,226
19,673
change in cash
-74,000
128,650
16,564
176,485
29,982
-13,488
-131
5,278
-56,940
10,831
24,843
1,800
palmer & martin vehicle hire ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for palmer & martin vehicle hire ltd. Get real-time insights into palmer & martin vehicle hire ltd's credit score, group structure and payment trends.
Palmer & Martin Vehicle Hire Ltd Competitor Analysis
Perform a competitor analysis for palmer & martin vehicle hire ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in SG1 area or any other competitors across 12 key performance metrics.
palmer & martin vehicle hire ltd Ownership
PALMER & MARTIN VEHICLE HIRE LTD group structure
Palmer & Martin Vehicle Hire Ltd has no subsidiary companies.
The sole shareholder of Palmer & Martin Vehicle Hire Ltd is Palmer Group Limited.
palmer group limited
100%
palmer & martin vehicle hire ltd directors
Palmer & Martin Vehicle Hire Ltd currently has 2 directors.
The longest serving directors include
Mr James Palmer (Nov 2013) and
Mr Ryan Palmer (Nov 2013).
suite 3 middlesex house, rutherford close, stevenage, SG1 2EF
Bank
NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
palmer & martin vehicle hire ltd Charges & Mortgages
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 13 charges/mortgages relating to palmer & martin vehicle hire ltd. Currently there are 10 open charges and 3 have been satisfied in the past.
palmer & martin vehicle hire ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for PALMER & MARTIN VEHICLE HIRE LTD. This can take several minutes, an email will notify you when this has completed.
palmer & martin vehicle hire ltdCompanies House Filings - See Documents
