1st choice skip hire north east ltdEstimated Valuation
£705.5k
Pomanda estimates the enterprise value of 1ST CHOICE SKIP HIRE NORTH EAST LTD at £705.5k based on a Turnover of £1.1m and 0.64x industry multiple (adjusted for size and gross margin).
1st choice skip hire north east ltdEstimated Valuation
£96.4k
Pomanda estimates the enterprise value of 1ST CHOICE SKIP HIRE NORTH EAST LTD at £96.4k based on an EBITDA of £27.7k and a 3.48x industry multiple (adjusted for size and gross margin).
1st choice skip hire north east ltdEstimated Valuation
£2.4m
Pomanda estimates the enterprise value of 1ST CHOICE SKIP HIRE NORTH EAST LTD at £2.4m based on Net Assets of £808.7k and 2.97x industry multiple (adjusted for liquidity).
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1st Choice Skip Hire North East LtdOverview
1st Choice Skip Hire North East Ltd is a live company located in redcar, TS10 4LY with a Companies House number of 04730935. It operates in the collection of hazardous waste sector, SIC Code 38120. Founded in April 2003, it's largest shareholder is
keith rutherford
with a 50% stake. 1st Choice Skip Hire North East Ltd is a mature,
small sized company, Pomanda has estimated its turnover at
£1.1m with
healthy
growth in recent years.
Pomanda's financial health check has awarded 1St Choice Skip Hire North East Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
3 Strong
3 Regular
5 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£10.3m)
£1.1m - 1st Choice Skip Hire North East Ltd
£10.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (11.1%)
9% - 1st Choice Skip Hire North East Ltd
11.1% - Industry AVG
Production
with a gross margin of 28.7%, this company has a comparable cost of product (28.7%)
28.7% - 1st Choice Skip Hire North East Ltd
28.7% - Industry AVG
Profitability
an operating margin of -1.8% make it less profitable than the average company (11.3%)
-1.8% - 1st Choice Skip Hire North East Ltd
11.3% - Industry AVG
Employees
with 12 employees, this is below the industry average (37)
12 - 1st Choice Skip Hire North East Ltd
37 - Industry AVG
Pay Structure
on an average salary of £40.1k, the company has an equivalent pay structure (£40.1k)
£40.1k - 1st Choice Skip Hire North East Ltd
£40.1k - Industry AVG
Efficiency
resulting in sales per employee of £91.6k, this is less efficient (£198.5k)
£91.6k - 1st Choice Skip Hire North East Ltd
£198.5k - Industry AVG
Debtor Days
it gets paid by customers after 25 days, this is earlier than average (35 days)
25 days - 1st Choice Skip Hire North East Ltd
35 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (38 days)
5 days - 1st Choice Skip Hire North East Ltd
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - 1st Choice Skip Hire North East Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 48 weeks, this is more cash available to meet short term requirements (9 weeks)
48 weeks - 1st Choice Skip Hire North East Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.4%, this is a lower level of debt than the average (63.8%)
44.4% - 1st Choice Skip Hire North East Ltd
63.8% - Industry AVG
1ST CHOICE SKIP HIRE NORTH EAST LTD financials
EXPORT
1St Choice Skip Hire North East Ltd's latest turnover from April 2024 is estimated at £1.1 million and the company has net assets of £808.7 thousand. According to their latest financial statements, 1St Choice Skip Hire North East Ltd has 12 employees and maintains cash reserves of £178.9 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Turnover
1,099,799
1,034,961
999,112
848,886
802,560
685,477
774,832
893,878
410,322
1,723,525
1,387,685
586,137
691,191
702,511
529,486
Other Income Or Grants
Cost Of Sales
783,589
775,442
708,914
609,670
597,891
520,634
585,825
676,496
315,101
1,358,380
1,039,321
371,190
452,127
484,907
367,593
Gross Profit
316,210
259,520
290,198
239,216
204,669
164,843
189,007
217,383
95,221
365,144
348,365
214,947
239,064
217,604
161,893
Admin Expenses
335,586
167,711
100,052
27,387
132,738
116,958
231,334
125,306
36,929
279,862
202,371
201,602
137,524
176,125
97,777
Operating Profit
-19,376
91,809
190,146
211,829
71,931
47,885
-42,327
92,077
58,292
85,282
145,994
13,345
101,540
41,479
64,116
Interest Payable
30,055
9,616
9,365
9,530
9,226
11,991
13,891
15,283
8,523
Interest Receivable
7,092
5,246
1,257
92
7
81
93
53
104
113
83
79
70
25
7
Pre-Tax Profit
-42,340
87,440
182,038
202,391
62,711
35,975
-56,126
76,847
49,874
85,395
146,077
13,425
101,611
41,504
64,122
Tax
-21,860
-34,587
-38,454
-11,915
-6,835
-14,601
-9,975
-17,079
-30,676
-3,088
-24,387
-10,791
-17,954
Profit After Tax
-42,340
65,580
147,451
163,937
50,796
29,140
-56,126
62,246
39,899
68,316
115,401
10,337
77,224
30,713
46,168
Dividends Paid
Retained Profit
-42,340
65,580
147,451
163,937
50,796
29,140
-56,126
62,246
39,899
68,316
115,401
10,337
77,224
30,713
46,168
Employee Costs
481,415
422,518
399,182
361,487
340,558
317,566
311,970
362,800
121,673
359,610
323,638
141,751
150,651
143,007
125,179
Number Of Employees
12
11
11
11
10
10
10
12
4
12
12
5
5
5
4
EBITDA*
27,708
137,551
232,279
252,209
113,282
93,278
7,709
128,102
103,594
132,360
170,572
42,931
118,250
64,039
83,251
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Tangible Assets
395,795
461,698
420,020
392,617
406,073
446,054
490,077
534,342
266,289
283,069
226,623
214,837
178,978
134,543
108,435
Intangible Assets
1,370
2,740
4,110
5,480
6,850
8,220
9,590
10,960
12,330
13,700
13,700
13,700
13,700
13,700
Investments & Other
1
1
1
1
1
Debtors (Due After 1 year)
Total Fixed Assets
395,796
463,069
422,761
396,728
411,554
452,904
498,297
543,932
277,249
295,399
240,323
228,537
192,678
148,243
122,135
Stock & work in progress
120
120
120
120
1,295
3,000
3,000
3,000
14,030
10,500
10,950
Trade Debtors
78,110
90,469
83,229
97,184
66,184
56,201
69,147
105,002
100,145
332,391
311,661
114,752
122,942
98,462
62,492
Group Debtors
800,335
397,521
395,335
400,323
Misc Debtors
82
3,006
82
81
424,911
413,067
469,480
485,197
426,191
Cash
178,924
91,231
155,661
179,625
4,677
8,491
13,038
24,000
18,588
23,176
22,033
11,201
20,548
7,543
2,616
misc current assets
199
total current assets
1,057,451
582,426
634,307
677,333
495,892
477,879
551,785
615,494
547,924
358,567
336,694
139,983
143,490
116,505
76,058
total assets
1,453,247
1,045,495
1,057,068
1,074,061
907,446
930,783
1,050,082
1,159,426
825,173
653,966
577,017
368,520
336,168
264,748
198,193
Bank overdraft
681
52,186
113,695
137,979
153,809
142,663
Bank loan
35,483
32,497
32,497
41,166
Trade Creditors
12,677
29,424
10,470
21,753
32,241
15,476
38,221
31,566
16,614
221,351
248,121
164,984
131,466
159,125
125,528
Group/Directors Accounts
5,658
other short term finances
54,261
hp & lease commitments
24,401
36,342
75,125
other current liabilities
60,124
24,161
45,855
81,167
116,247
123,833
118,184
135,099
86,586
total current liabilities
193,285
86,082
125,164
219,211
200,674
253,004
294,384
320,474
245,863
221,351
248,121
164,984
131,466
159,125
125,528
loans
369,116
42,278
80,349
123,462
95,648
40,966
62,637
73,005
119,575
hp & lease commitments
16,051
29,158
Accruals and Deferred Income
other liabilities
72,543
144,367
232,446
254,586
26,325
39,487
16,667
7,500
16,150
7,950
13,053
provisions
66,051
66,051
66,051
64,177
64,465
69,126
66,435
61,055
45,350
44,967
32,384
31,592
34,445
20,790
13,442
total long term liabilities
451,218
108,329
146,400
216,797
232,656
254,459
361,518
388,646
191,250
84,454
49,051
39,092
50,595
28,740
26,495
total liabilities
644,503
194,411
271,564
436,008
433,330
507,463
655,902
709,120
437,113
305,805
297,172
204,076
182,061
187,865
152,023
net assets
808,744
851,084
785,504
638,053
474,116
423,320
394,180
450,306
388,060
348,161
279,845
164,444
154,107
76,883
46,170
total shareholders funds
808,744
851,084
785,504
638,053
474,116
423,320
394,180
450,306
388,060
348,161
279,845
164,444
154,107
76,883
46,170
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Operating Activities
Operating Profit
-19,376
91,809
190,146
211,829
71,931
47,885
-42,327
92,077
58,292
85,282
145,994
13,345
101,540
41,479
64,116
Depreciation
45,714
44,372
40,763
39,010
39,981
44,023
48,666
34,655
43,932
45,708
24,578
29,586
16,710
22,560
19,135
Amortisation
1,370
1,370
1,370
1,370
1,370
1,370
1,370
1,370
1,370
1,370
Tax
-21,860
-34,587
-38,454
-11,915
-6,835
-14,601
-9,975
-17,079
-30,676
-3,088
-24,387
-10,791
-17,954
Stock
-120
-1,175
-1,705
-11,030
14,030
-10,500
-450
10,950
Debtors
387,531
12,350
-18,942
6,493
21,827
-69,359
-51,572
63,863
193,945
20,730
196,909
-8,190
24,480
35,970
62,492
Creditors
-16,747
18,954
-11,283
-10,488
16,765
-22,745
6,655
14,952
-204,737
-26,770
83,137
33,518
-27,659
33,597
125,528
Accruals and Deferred Income
35,963
-21,694
-35,312
-35,080
-7,586
5,649
-16,915
48,513
86,586
Deferred Taxes & Provisions
1,874
-288
-4,661
2,691
5,380
15,705
383
12,583
792
-2,853
13,655
7,348
13,442
Cash flow from operations
-340,607
100,601
172,033
161,406
84,058
141,397
55,576
130,513
-218,094
80,364
37,946
64,668
65,879
58,673
130,825
Investing Activities
capital expenditure
20,189
-86,050
-68,166
-25,554
-4,401
-302,708
-27,152
-102,154
-36,364
-65,445
-61,145
-48,668
-141,270
Change in Investments
1
cash flow from investments
20,189
-86,050
-68,166
-25,554
-1
-4,401
-302,708
-27,152
-102,154
-36,364
-65,445
-61,145
-48,668
-141,270
Financing Activities
Bank loans
2,986
-8,669
41,166
Group/Directors Accounts
5,658
Other Short Term Loans
54,261
Long term loans
326,838
-38,071
-43,113
27,814
54,682
-21,671
-10,368
-46,570
119,575
Hire Purchase and Lease Commitments
40,452
-36,342
-67,941
104,283
other long term liabilities
-72,543
-71,824
-88,079
-22,140
228,261
-13,162
22,820
9,167
-8,650
8,200
-5,103
13,053
share issue
2
interest
-22,963
-4,370
-8,108
-9,438
-9,219
-11,910
-13,798
-15,230
-8,419
113
83
79
70
25
7
cash flow from financing
407,232
-78,783
-127,831
91,282
-26,361
-121,660
-46,306
166,461
97,994
22,933
9,250
-8,571
8,270
-5,078
13,062
cash and cash equivalents
cash
87,693
-64,430
-23,964
174,948
-3,814
-4,547
-10,962
5,412
-4,588
1,143
10,832
-9,347
13,005
4,927
2,616
overdraft
681
-52,186
-61,509
-24,284
-15,830
11,146
142,663
change in cash
87,012
-64,430
-23,964
227,134
57,695
19,737
4,868
-5,734
-147,251
1,143
10,832
-9,347
13,005
4,927
2,616
1st choice skip hire north east 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 1st choice skip hire north east ltd. Get real-time insights into 1st choice skip hire north east ltd's credit score, group structure and payment trends.
1st Choice Skip Hire North East Ltd Competitor Analysis
Perform a competitor analysis for 1st choice skip hire north east ltd by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other small companies, companies in TS10 area or any other competitors across 12 key performance metrics.
1st choice skip hire north east ltd Ownership
1ST CHOICE SKIP HIRE NORTH EAST LTD group structure
1St Choice Skip Hire North East Ltd has no subsidiary companies.
Ultimate parent company
1ST CHOICE SKIP HIRE NORTH EAST LTD
04730935
1ST CHOICE SKIP HIRE NORTH EAST LTD Shareholders
The largest shareholders in 1St Choice Skip Hire North East Ltd include Keith Rutherford and Laura Jean Rutherford.
keith rutherford
50%
laura jean rutherford
50%
1st choice skip hire north east ltd directors
1St Choice Skip Hire North East Ltd currently has 2 directors.
The longest serving directors include
Mr Keith Rutherford (Jun 2003) and
Mrs Laura Rutherford (Apr 2014).
1st choice skip hire north east 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 did not find charges/mortgages relating to 1st choice skip hire north east ltd.
1st choice skip hire north east 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.
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1st choice skip hire north east ltdCompanies House Filings - See Documents
