Spring Rental Limited

POWER SEARCH PRICING

SOLUTIONS

spring rental limited Company Information

Live

MatureMicroDeclining

Company Number

04512065

Website

Registered Address

northgate house north gate, new basford, nottingham, NG7 7BQ

Industry

Other business support service activities n.e.c.

Telephone

Next Accounts Due

March 2025

Group Structure

View All

Directors

David Shelton20 Years

Shareholders

shoby investments limited 100%

spring rental limited Estimated Valuation

£657.7k

Pomanda estimates the enterprise value of SPRING RENTAL LIMITED at £657.7k based on an EBITDA of £153.6k and a 4.28x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Spring Rental Limited is a live company located in nottingham, NG7 7BQ with a Companies House number of 04512065. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in August 2002, it's largest shareholder is shoby investments limited with a 100% stake. Spring Rental Limited is a mature, micro sized company, Pomanda has estimated its turnover at £218.6k with declining growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Spring Rental Limited a 3 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 Rating3out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £218.6k, make it smaller than the average company (£3.6m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (4.6%)

EXPORT

Spring Rental Limited's latest turnover from June 2023 is estimated at £218.6 thousand and the company has net assets of £101.3 thousand. According to their latest financial statements, Spring Rental Limited has 1 employee and maintains cash reserves of £840 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	218,622	244,602	57,868	230,558	135,243	134,727	49,572	1,838,989	5,665,522	15,191,220	3,434,531	1,609,785	1,275,866	12,767,362
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	135,424	150,651	36,534	143,340	85,095	84,707	30,704	1,142,398	3,584,832	9,684,693	2,174,556	991,857	766,196	7,614,391
Gross Profit	83,199	93,951	21,334	87,218	50,148	50,020	18,869	696,591	2,080,690	5,506,527	1,259,974	617,928	509,670	5,152,971
Admin Expenses	-70,427	-31,640	-132,897	-56,296	-99,628	-271,487	47,442	308,456	3,471,457	5,285,886	991,761	1,327,195	202,405	4,358,278
Operating Profit	153,626	125,591	154,231	143,514	149,776	321,507	-28,573	388,135	-1,390,767	220,641	268,213	-709,267	307,265	794,693
Interest Payable	0	0	0	0	0	0	0	0	0	5,349	22,845	46,433	28,937	0
Interest Receivable	158	49	3	3	21	10	37	71	102	120	114	243	299	150
Pre-Tax Profit	153,784	125,640	154,233	143,517	149,798	321,517	-28,536	388,206	-1,390,665	215,412	245,482	-755,457	278,628	794,843
Tax	-38,446	-23,872	-29,304	-27,268	-28,462	-61,088	0	-77,641	0	-49,545	-58,916	0	-78,016	-222,556
Profit After Tax	115,338	101,768	124,929	116,249	121,336	260,429	-28,536	310,565	-1,390,665	165,867	186,566	-755,457	200,612	572,287
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	115,338	101,768	124,929	116,249	121,336	260,429	-28,536	310,565	-1,390,665	165,867	186,566	-755,457	200,612	572,287
Employee Costs	47,614	44,789	42,535	41,986	41,699	39,264	38,145	534,861	1,566,711	4,237,736	974,094	451,120	376,763	3,565,755
Number Of Employees	1	1	1	1	1	1	1	15	44	120	28	13	11	101
EBITDA*	153,626	125,591	154,231	143,514	149,776	321,507	-28,573	513,573	-1,350,015	261,322	308,833	-705,882	307,265	794,693

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	0	0	0	0	0	0	0	0	4,619,609	4,660,361	4,693,807	4,734,427	4,737,812	4,737,812
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1,465,000	1,465,000	1,465,000	1,465,000	1,465,000	1,465,000	1,302,273	1,302,273	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	1,832,065	1,430,685	2,383,502	0
Total Fixed Assets	1,465,000	1,465,000	1,465,000	1,465,000	1,465,000	1,465,000	1,302,273	1,302,273	4,619,609	4,660,361	6,525,872	6,165,112	7,121,314	4,737,812
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	45,063	60,518	915	52,489	0	0	6,038	206,000	322,530	2,139,407	99,586	13,805	13,675	2,406,921
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,506	1,222	0	962	391	3,073	387,771	477,352	0	0	0	0	0	0
Cash	840	5,494	2,321	3,025	3,553	2,058	1,922	27,558	945	39,679	8,419	37,321	59,899	59,847
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	47,409	67,234	3,236	56,476	3,944	5,131	395,731	710,910	323,475	2,179,086	108,005	51,126	73,574	2,466,768
total assets	1,512,409	1,532,234	1,468,236	1,521,476	1,468,944	1,470,131	1,698,004	2,013,183	4,943,084	6,839,447	6,633,877	6,216,238	7,194,888	7,204,580
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	5,471	108	0	1,155	0	0	0	0	1,473,873	1,452,483	1,078,412	623,913	519,694	409,314
Group/Directors Accounts	1,350,252	1,480,252	1,576,252	1,719,752	1,814,752	1,914,752	2,425,752	2,612,154	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	55,396	65,922	7,800	41,314	11,186	33,709	11,011	111,252	0	0	0	0	0	0
total current liabilities	1,411,119	1,546,282	1,584,052	1,762,221	1,825,938	1,948,461	2,436,763	2,723,406	1,473,873	1,452,483	1,078,412	623,913	519,694	409,314
loans	0	0	0	0	0	0	0	0	0	0	164,596	538,340	890,367	0
hp & lease commitments	0	0	0	0	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	0	0	0	0	4,489,999	4,840,309	5,021,841	4,978,991	4,952,761	6,167,327
provisions	0	0	0	0	0	0	0	0	0	176,778	165,018	57,550	59,165	55,650
total long term liabilities	0	0	0	0	0	0	0	0	4,489,999	5,017,087	5,351,455	5,574,881	5,902,293	6,222,977
total liabilities	1,411,119	1,546,282	1,584,052	1,762,221	1,825,938	1,948,461	2,436,763	2,723,406	5,963,872	6,469,570	6,429,867	6,198,794	6,421,987	6,632,291
net assets	101,290	-14,048	-115,816	-240,745	-356,994	-478,330	-738,759	-710,223	-1,020,788	369,877	204,010	17,444	772,901	572,289
total shareholders funds	101,290	-14,048	-115,816	-240,745	-356,994	-478,330	-738,759	-710,223	-1,020,788	369,877	204,010	17,444	772,901	572,289

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	153,626	125,591	154,231	143,514	149,776	321,507	-28,573	388,135	-1,390,767	220,641	268,213	-709,267	307,265	794,693
Depreciation	0	0	0	0	0	0	0	125,438	40,752	40,681	40,620	3,385	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-38,446	-23,872	-29,304	-27,268	-28,462	-61,088	0	-77,641	0	-49,545	-58,916	0	-78,016	-222,556
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-15,171	60,825	-52,536	53,060	-2,682	-390,736	-289,543	360,822	-1,816,877	207,756	487,161	-952,687	-9,744	2,406,921
Creditors	5,363	108	-1,155	1,155	0	0	0	-1,473,873	21,390	374,071	454,499	104,219	110,380	409,314
Accruals and Deferred Income	-10,526	58,122	-33,514	30,128	-22,523	22,698	-100,241	111,252	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	-176,778	11,760	107,468	-1,615	3,515	55,650
Cash flow from operations	125,188	99,124	142,794	94,469	101,473	673,853	160,729	-1,287,511	311,474	389,852	324,723	349,409	352,888	-1,369,820
Investing Activities
capital expenditure	0	0	0	0	0	0	0	4,494,171	0	-7,235	0	0	0	-4,737,812
Change in Investments	0	0	0	0	0	162,727	0	1,302,273	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	-162,727	0	3,191,898	0	-7,235	0	0	0	-4,737,812
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-130,000	-96,000	-143,500	-95,000	-100,000	-511,000	-186,402	2,612,154	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	-164,596	-373,744	-352,027	890,367	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-4,489,999	-350,310	-181,532	42,850	26,230	-1,214,566	6,167,327
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	158	49	3	3	21	10	37	71	102	-5,229	-22,731	-46,190	-28,638	150
cash flow from financing	-129,842	-95,951	-143,497	-94,997	-99,979	-510,990	-186,365	-1,877,774	-350,208	-351,357	-353,625	-371,987	-352,837	6,167,479
cash and cash equivalents
cash	-4,654	3,173	-704	-528	1,495	136	-25,636	26,613	-38,734	31,260	-28,902	-22,578	52	59,847
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-4,654	3,173	-704	-528	1,495	136	-25,636	26,613	-38,734	31,260	-28,902	-22,578	52	59,847

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for spring rental limited. Get real-time insights into spring rental limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for spring rental limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in NG7 area or any other competitors across 12 key performance metrics.

SPRING RENTAL LIMITED group structure

Spring Rental Limited has no subsidiary companies.

Ultimate parent company

SHOBY HOLDINGS LIMITED

12505774

SHOBY INVESTMENTS LIMITED

09500594

2 parents

SPRING RENTAL LIMITED

04512065

SPRING RENTAL LIMITED Shareholders

shoby investments limited

100%

Spring Rental Limited currently has 1 director, Mr David Shelton serving since Apr 2004.

officer	country	age	start	end	role
Mr David Shelton	United Kingdom	71 years	Apr 2004	-	Director

P&L

June 2023

turnover

218.6k

-11%

operating profit

153.6k

gross margin

38.1%

-0.92%

turnover

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

Balance Sheet

June 2023

net assets

101.3k

-8.21%

total assets

1.5m

-0.01%

cash

840

-0.85%

net assets

Total assets minus all liabilities

Similar Companies

bbl consultancy limited

best distribution services ltd

2.5

evlos consulting limited

gd funding limited

estelle-alan international associates limited

3.5

company number

04512065

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

August 2002

ultimate parent company

SHOBY HOLDINGS LIMITED

previous names

packweave limited (September 2002)

address

northgate house north gate, new basford, nottingham, NG7 7BQ

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 3 charges/mortgages relating to spring rental limited. Currently there are 2 open charges and 1 have been satisfied in the past.

spring rental limited Company Information

spring rental limited Estimated Valuation

spring rental limited Estimated Valuation

spring rental limited Estimated Valuation

Spring Rental Limited Overview

Spring Rental Limited Health Check

SPRING RENTAL LIMITED financials

spring rental limited Credit Report and Business Information

Spring Rental Limited Competitor Analysis

spring rental limited Ownership

spring rental limited directors

spring rental limited company details

spring rental limited Charges & Mortgages

spring rental limited Companies House Filings - See Documents