Hitec Lift Trucks Limited

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hitec lift trucks limited Company Information

Live

MatureSmallDeclining

Company Number

04293356

Website

askhitec.co.uk

Registered Address

orbital 7 orbital way, cannock, WS11 8XW

Industry

Wholesale of other machinery and equipment

Telephone

01933228127

Next Accounts Due

September 2024

Group Structure

View All

Directors

Peter Jones5 Years

Shareholders

briggs equipment uk limited 100%

hitec lift trucks limited Estimated Valuation

£3.8m

Pomanda estimates the enterprise value of HITEC LIFT TRUCKS LIMITED at £3.8m based on Net Assets of £1.4m and 2.68x industry multiple (adjusted for liquidity).

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Hitec Lift Trucks Limited AI Business Plan

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Hitec Lift Trucks Limited is a live company located in cannock, WS11 8XW with a Companies House number of 04293356. It operates in the wholesale of other machinery and equipment sector, SIC Code 46690. Founded in September 2001, it's largest shareholder is briggs equipment uk limited with a 100% stake. Hitec Lift Trucks Limited is a mature, small sized company, Pomanda has estimated its turnover at £4m with declining growth in recent years.

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Pomanda's financial health check has awarded Hitec Lift Trucks Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £4m, make it smaller than the average company (£15m)

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (3.3%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HITEC LIFT TRUCKS LIMITED group structure

Hitec Lift Trucks Limited has no subsidiary companies.

Ultimate parent company

SAMMONS ENTERPRISES INC

#0061020

BRIGGS EQUIPMENT UK LIMITED

05895588

2 parents

HITEC LIFT TRUCKS LIMITED

04293356

HITEC LIFT TRUCKS LIMITED Shareholders

briggs equipment uk limited

100%

Hitec Lift Trucks Limited currently has 1 director, Mr Peter Jones serving since May 2018.

officer	country	age	start	end	role
Mr Peter Jones	England	55 years	May 2018	-	Director

EXPORT

Hitec Lift Trucks Limited's latest turnover from December 2022 is £4 million and the company has net assets of £1.4 million. According to their latest financial statements, Hitec Lift Trucks Limited has 25 employees and maintains cash reserves of £149 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	May 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	4,047,954	4,048,974	3,661,764	5,063,756	2,298,857	2,175,825	2,008,196	2,108,937	1,592,795	1,639,238	1,271,265	1,241,283	964,221	736,593	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,714,157	2,725,733	2,727,057	3,937,868	1,658,747	1,625,836	1,604,619	1,683,998	1,244,334	1,302,801	992,768	997,951	778,155	590,643	0
Gross Profit	1,333,797	1,323,241	934,707	1,125,888	640,110	549,989	403,577	424,940	348,461	336,437	278,497	243,332	186,066	145,950	0
Admin Expenses	1,179,946	1,144,750	898,650	905,472	292,770	348,137	395,522	-80,265	329,518	118,313	116,215	200,611	132,989	147,671	-75,571
Operating Profit	153,851	178,491	36,057	220,416	347,340	201,852	8,055	505,205	18,943	218,124	162,282	42,721	53,077	-1,721	75,571
Interest Payable	10,568	128	453	1,837	1,853	2,677	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	303	513	1,292	743	0	0	0	0	0
Pre-Tax Profit	143,283	178,363	35,604	218,579	345,487	199,175	8,358	505,719	20,235	218,867	162,282	42,721	53,077	-1,721	75,571
Tax	-23,555	-62,321	-30,887	-35,996	-37,723	-23,174	-1,588	-101,144	-4,047	-45,962	-37,325	-10,253	-13,800	0	-21,160
Profit After Tax	119,728	116,042	4,717	182,583	307,764	176,001	6,770	404,575	16,188	172,905	124,957	32,468	39,277	-1,721	54,411
Dividends Paid	0	0	0	0	0	97,371	0	0	0	0	0	0	0	0	0
Retained Profit	119,728	116,042	4,717	182,583	307,764	78,630	6,770	404,575	16,188	172,905	124,957	32,468	39,277	-1,721	54,411
Employee Costs	1,029,321	956,506	999,796	1,175,724	607,486	452,956	866,906	866,288	162,505	157,497	155,228	110,810	108,971	105,000	0
Number Of Employees	25	25	27	28	23	25	22	22	4	4	4	3	3	3	0
EBITDA*	547,140	567,712	358,583	445,890	482,832	508,000	208,409	604,562	127,122	319,404	245,674	99,985	102,747	28,545	108,154

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	May 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	1,611,085	1,856,485	1,869,763	1,653,755	1,174,024	980,649	1,085,403	877,870	518,478	516,340	403,871	277,192	241,871	157,661	160,731
Intangible Assets	0	0	0	0	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,611,085	1,856,485	1,869,763	1,653,755	1,174,024	980,649	1,085,403	877,870	518,478	516,340	403,871	277,192	241,871	157,661	160,731
Stock & work in progress	370,872	293,399	584,950	648,228	110,396	84,884	126,962	170,523	246,688	125,504	91,133	165,210	143,459	101,434	129,186
Trade Debtors	325,096	343,450	490,180	794,940	532,060	498,293	517,042	481,583	339,714	418,049	386,503	304,263	251,746	182,302	309,821
Group Debtors	19,087	19,446	4,493	495	5,547	0	0	0	0	0	0	0	0	0	0
Misc Debtors	39,622	35,265	84,097	47,787	17,816	10,388	14,289	39,560	0	0	0	0	0	0	0
Cash	148,966	147,439	200,923	605,610	254,672	149,954	51,473	191,322	219,311	297,350	0	0	0	0	128
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	903,643	838,999	1,364,643	2,097,060	920,491	743,519	709,766	882,988	805,713	840,903	477,636	469,473	395,205	283,736	439,135
total assets	2,514,728	2,695,484	3,234,406	3,750,815	2,094,515	1,724,168	1,795,169	1,760,858	1,324,191	1,357,243	881,507	746,665	637,076	441,397	599,866
Bank overdraft	0	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	0
Trade Creditors	114,079	62,714	46,030	124,675	241,987	508,760	421,288	443,317	684,764	758,762	482,509	511,655	465,459	359,015	461,421
Group/Directors Accounts	189,507	1,121,028	1,489,696	2,001,039	569,656	0	40,240	40,416	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	0
hp & lease commitments	0	0	1,942	14,601	26,514	51,426	56,842	69,766	0	0	0	0	0	0	0
other current liabilities	162,532	83,990	395,287	324,318	125,953	277,194	155,077	193,359	0	0	0	0	0	0	0
total current liabilities	466,118	1,267,732	1,932,955	2,464,633	964,110	837,380	673,447	746,858	684,764	758,762	482,509	511,655	465,459	359,015	461,421
loans	529,113	0	0	0	16,204	31,162	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	1,963	0	0	45,338	86,330	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	0
other liabilities	0	0	0	0	0	0	0	0	109,194	83,197	81,413	74,201	43,209	4,816	61,897
provisions	90,600	118,583	108,324	95,809	108,374	157,563	226,354	84,410	91,548	92,787	67,993	36,174	36,241	24,676	21,937
total long term liabilities	619,713	118,583	108,324	97,772	124,578	188,725	271,692	170,740	200,742	175,984	149,406	110,375	79,450	29,492	83,834
total liabilities	1,085,831	1,386,315	2,041,279	2,562,405	1,088,688	1,026,105	945,139	917,598	885,506	934,746	631,915	622,030	544,909	388,507	545,255
net assets	1,428,897	1,309,169	1,193,127	1,188,410	1,005,827	698,063	850,030	843,260	438,685	422,497	249,592	124,635	92,167	52,890	54,611
total shareholders funds	1,428,897	1,309,169	1,193,127	1,188,410	1,005,827	698,063	850,030	843,260	438,685	422,497	249,592	124,635	92,167	52,890	54,611

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	May 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	153,851	178,491	36,057	220,416	347,340	201,852	8,055	505,205	18,943	218,124	162,282	42,721	53,077	-1,721	75,571
Depreciation	393,289	389,221	322,526	225,474	135,492	306,148	200,354	99,357	108,179	101,280	83,392	57,264	49,670	30,266	32,583
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-23,555	-62,321	-30,887	-35,996	-37,723	-23,174	-1,588	-101,144	-4,047	-45,962	-37,325	-10,253	-13,800	0	-21,160
Stock	77,473	-291,551	-63,278	537,832	-16,566	-42,078	-43,561	-76,165	121,184	34,371	-74,077	21,751	42,025	-27,752	129,186
Debtors	-14,356	-180,609	-264,452	287,799	24,092	-22,650	10,188	181,429	-78,335	31,546	82,240	52,517	69,444	-127,519	309,821
Creditors	51,365	16,684	-78,645	-117,312	-179,301	87,472	-22,029	-241,447	-73,998	276,253	-29,146	46,196	106,444	-102,406	461,421
Accruals and Deferred Income	78,542	-311,297	70,969	198,365	-29,124	122,117	-38,282	193,359	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-27,983	10,259	12,515	-12,565	-117,980	-68,791	141,944	-7,138	-1,239	24,794	31,819	-67	11,565	2,739	21,937
Cash flow from operations	562,392	693,197	660,265	-347,249	111,178	690,352	321,827	342,928	4,989	508,572	202,859	61,593	95,487	84,149	131,345
Investing Activities
capital expenditure	-147,889	-375,943	-538,534	-705,205	-224,113	-201,394	-407,887	-458,749	-110,317	-213,749	-210,071	-92,585	-133,880	-27,196	-193,314
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-147,889	-375,943	-538,534	-705,205	-224,113	-201,394	-407,887	-458,749	-110,317	-213,749	-210,071	-92,585	-133,880	-27,196	-193,314
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-931,521	-368,668	-511,343	1,431,383	529,416	-40,240	-176	40,416	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	0
Long term loans	529,113	0	0	-16,204	16,204	31,162	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	-1,942	-14,622	-9,950	-75,666	-50,754	-53,916	156,096	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-109,194	25,997	1,784	7,212	30,992	38,393	-57,081	61,897
share issue	0	0	0	0	-151,967	-230,597	0	0	0	0	0	0	0	0	200
interest	-10,568	-128	-453	-1,837	-1,853	-2,677	303	513	1,292	743	0	0	0	0	0
cash flow from financing	-412,976	-370,738	-526,418	1,403,392	316,134	-293,106	-53,789	87,831	27,289	2,527	7,212	30,992	38,393	-57,081	62,097
cash and cash equivalents
cash	1,527	-53,484	-404,687	350,938	203,199	98,481	-139,849	-27,989	-78,039	297,350	0	0	0	-128	128
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	1,527	-53,484	-404,687	350,938	203,199	98,481	-139,849	-27,989	-78,039	297,350	0	0	0	-128	128

P&L

December 2022

turnover

operating profit

153.9k

-14%

gross margin

33%

+0.82%

turnover

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

Balance Sheet

December 2022

net assets

1.4m

+0.09%

total assets

2.5m

-0.07%

cash

149k

+0.01%

net assets

Total assets minus all liabilities

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company number

04293356

Type

Private limited with Share Capital

industry

46690 - Wholesale of other machinery and equipment

incorporation date

September 2001

age

accounts

Audit Exemption Subsidiary

ultimate parent company

SAMMONS ENTERPRISES INC

previous names

N/A

incorporated

address

orbital 7 orbital way, cannock, 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 6 charges/mortgages relating to hitec lift trucks limited. Currently there are 3 open charges and 3 have been satisfied in the past.

hitec lift trucks limited Company Information

hitec lift trucks limited Estimated Valuation

hitec lift trucks limited Estimated Valuation

hitec lift trucks limited Estimated Valuation

Hitec Lift Trucks Limited AI Business Plan

Hitec Lift Trucks Limited Overview

Hitec Lift Trucks Limited Health Check

hitec lift trucks limited Credit Report and Business Information

Hitec Lift Trucks Limited Competitor Analysis

hitec lift trucks limited Ownership

hitec lift trucks limited directors

HITEC LIFT TRUCKS LIMITED financials

hitec lift trucks limited company details

hitec lift trucks limited Charges & Mortgages

hitec lift trucks limited Companies House Filings - See Documents