driver hire trading limited
driver hire trading limited Company Information
Company Number
04768578
Website
www.driverhire.co.ukRegistered Address
7, bradford business park, kings ga, bradford, west yorkshire, BD1 4SJ
Industry
Temporary employment agency activities
Telephone
08448460000
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
driver hire holdings ltd 100%
driver hire trading limited Estimated Valuation
Pomanda estimates the enterprise value of DRIVER HIRE TRADING LIMITED at £420.8k based on a Turnover of £2.4m and 0.17x industry multiple (adjusted for size and gross margin).
driver hire trading limited Estimated Valuation
Pomanda estimates the enterprise value of DRIVER HIRE TRADING LIMITED at £0 based on an EBITDA of £-301.2k and a 2.95x industry multiple (adjusted for size and gross margin).
driver hire trading limited Estimated Valuation
Pomanda estimates the enterprise value of DRIVER HIRE TRADING LIMITED at £0 based on Net Assets of £-3.2m and 1.56x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Driver Hire Trading Limited Overview
Driver Hire Trading Limited is a live company located in bradford, BD1 4SJ with a Companies House number of 04768578. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in May 2003, it's largest shareholder is driver hire holdings ltd with a 100% stake. Driver Hire Trading Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.4m with declining growth in recent years.
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Driver Hire Trading Limited Health Check
Pomanda's financial health check has awarded Driver Hire Trading Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
7 Weak
Size
annual sales of £2.4m, make it smaller than the average company (£13.1m)
£2.4m - Driver Hire Trading Limited
£13.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (3.5%)
-4% - Driver Hire Trading Limited
3.5% - Industry AVG
Production
with a gross margin of 17.9%, this company has a comparable cost of product (17.7%)
17.9% - Driver Hire Trading Limited
17.7% - Industry AVG
Profitability
an operating margin of -12.3% make it less profitable than the average company (2.7%)
-12.3% - Driver Hire Trading Limited
2.7% - Industry AVG
Employees
with 13 employees, this is below the industry average (48)
13 - Driver Hire Trading Limited
48 - Industry AVG
Pay Structure
on an average salary of £40.5k, the company has an equivalent pay structure (£47.9k)
£40.5k - Driver Hire Trading Limited
£47.9k - Industry AVG
Efficiency
resulting in sales per employee of £187.9k, this is less efficient (£277.7k)
£187.9k - Driver Hire Trading Limited
£277.7k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is near the average (47 days)
45 days - Driver Hire Trading Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is slower than average (4 days)
26 days - Driver Hire Trading Limited
4 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Driver Hire Trading Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (6 weeks)
2 weeks - Driver Hire Trading Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 720.2%, this is a higher level of debt than the average (75.2%)
720.2% - Driver Hire Trading Limited
75.2% - Industry AVG
DRIVER HIRE TRADING LIMITED financials
Driver Hire Trading Limited's latest turnover from March 2023 is £2.4 million and the company has net assets of -£3.2 million. According to their latest financial statements, Driver Hire Trading Limited has 13 employees and maintains cash reserves of £189.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 2,442,698 | 1,749,458 | 1,899,882 | 2,722,657 | 3,743,347 | 3,850,324 | 5,571,196 | 5,493,320 | 6,606,341 | 4,603,533 | 3,197,132 | 4,620,246 | 2,741,416 | 2,087,051 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 2,005,520 | 1,411,997 | 1,515,250 | 2,301,871 | 3,143,164 | 3,133,743 | 4,654,449 | 4,602,079 | 5,330,444 | 3,842,934 | 2,692,790 | 3,605,956 | 2,367,780 | 1,844,230 |
| Gross Profit | 437,178 | 337,461 | 384,632 | 420,786 | 600,183 | 716,581 | 916,747 | 891,241 | 1,275,897 | 760,599 | 504,342 | 1,014,290 | 373,636 | 242,821 |
| Admin Expenses | 738,675 | 573,969 | 680,202 | 1,133,213 | 1,086,813 | 1,104,939 | 1,581,839 | 1,367,446 | 1,303,432 | 1,092,682 | 805,778 | 687,500 | 340,400 | 269,174 |
| Operating Profit | -301,497 | -236,508 | -295,570 | -712,427 | -486,630 | -388,358 | -665,092 | -476,205 | -27,535 | -332,083 | -301,436 | 326,790 | 33,236 | -26,353 |
| Interest Payable | 50 | 8,852 | 1,784 | 2,915 | 2,021 | 2,072 | 2,112 | 3,026 | 10,154 | 13,845 | 12,632 | 10,593 | 5,124 | 3,806 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 94 | 0 | 0 | 0 | 0 | 0 | 0 | 60 |
| Pre-Tax Profit | -301,547 | -245,360 | -297,354 | -715,342 | -488,651 | -390,430 | -667,110 | -479,231 | -37,689 | -345,928 | -314,068 | 316,197 | 28,112 | -30,099 |
| Tax | 57,122 | 46,750 | 56,310 | 135,761 | 92,797 | 73,722 | 133,421 | 95,851 | 7,889 | 80,235 | 75,336 | -81,502 | -6,270 | 8,216 |
| Profit After Tax | -244,425 | -198,610 | -241,044 | -579,581 | -395,854 | -316,708 | -533,689 | -383,380 | -29,800 | -265,693 | -238,732 | 234,695 | 21,842 | -21,883 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -244,425 | -198,610 | -241,044 | -579,581 | -395,854 | -316,708 | -533,689 | -383,380 | -29,800 | -265,693 | -238,732 | 234,695 | 21,842 | -21,883 |
| Employee Costs | 526,977 | 441,728 | 571,342 | 786,147 | 764,168 | 790,977 | 1,161,305 | 1,059,469 | 927,143 | 729,844 | 545,931 | 439,208 | 212,318 | 174,885 |
| Number Of Employees | 13 | 12 | 16 | 23 | 20 | 26 | 37 | 32 | 25 | 26 | 19 | 16 | 8 | 7 |
| EBITDA* | -301,247 | -236,258 | -294,543 | -711,323 | -485,573 | -387,709 | -661,562 | -467,270 | -18,767 | -323,698 | -293,268 | 339,558 | 46,187 | -13,421 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 143 | 393 | 1,851 | 2,878 | 5,579 | 2,086 | 2,735 | 3,516 | 3,994 | 3,920 | 3,192 | 2,513 | 6,739 | 5,950 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,749 | 10,896 | 15,610 | 23,415 | 31,220 | 62,358 | 74,163 |
| Investments & Other | 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 |
| Total Fixed Assets | 143 | 393 | 1,851 | 2,878 | 5,579 | 2,086 | 2,735 | 6,265 | 14,890 | 19,530 | 26,607 | 33,733 | 69,097 | 80,113 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 304,383 | 161,178 | 346,379 | 471,044 | 454,608 | 605,485 | 941,866 | 930,673 | 922,060 | 911,685 | 670,461 | 729,975 | 372,165 | 245,914 |
| Group Debtors | 1,766 | 45,826 | 1,766 | 1,766 | 1,780 | 1,780 | 25,372 | 47,855 | 45,534 | 204,061 | 278,406 | 3,519 | 10,758 | 0 |
| Misc Debtors | 28,631 | 13,974 | 9,633 | 9,332 | 9,492 | 43,228 | 106,491 | 40,676 | 112,471 | 3,444 | 19,164 | 11,845 | 13,265 | 4,556 |
| Cash | 189,063 | 42,538 | 26,365 | 283,777 | 22,541 | 25,792 | 69,407 | 71,249 | 78,309 | 385,016 | 122,843 | 152,434 | 83,617 | 83,017 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 523,843 | 263,516 | 384,143 | 765,919 | 488,421 | 676,285 | 1,143,136 | 1,090,453 | 1,158,374 | 1,504,206 | 1,090,874 | 897,773 | 479,805 | 333,487 |
| total assets | 523,986 | 263,909 | 385,994 | 768,797 | 494,000 | 678,371 | 1,145,871 | 1,096,718 | 1,173,264 | 1,523,736 | 1,117,481 | 931,506 | 548,902 | 413,600 |
| 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 | 144,300 | 0 | 42,277 | 80,735 | 4,649 | 0 | 15,506 | 36,054 | 7,386 | 279,574 | 140,448 | 96,178 | 34,238 | 52,439 |
| Group/Directors Accounts | 3,540,311 | 3,173,329 | 2,999,400 | 2,811,202 | 2,251,833 | 2,062,933 | 2,067,337 | 1,461,108 | 1,247,028 | 966,955 | 506,711 | 154,296 | 277,770 | 255,449 |
| 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 | 89,068 | 95,848 | 150,975 | 442,474 | 223,551 | 205,596 | 336,441 | 339,231 | 275,104 | 603,680 | 531,113 | 503,140 | 293,711 | 184,418 |
| total current liabilities | 3,773,679 | 3,269,177 | 3,192,652 | 3,334,411 | 2,480,033 | 2,268,529 | 2,419,284 | 1,836,393 | 1,529,518 | 1,850,209 | 1,178,272 | 753,614 | 605,719 | 492,306 |
| loans | 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 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 21 | 58 | 108 | 149 | 130 | 119 | 70 | 56 | 9 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 21 | 58 | 108 | 149 | 130 | 119 | 70 | 56 | 9 |
| total liabilities | 3,773,679 | 3,269,177 | 3,192,652 | 3,334,411 | 2,480,033 | 2,268,550 | 2,419,342 | 1,836,501 | 1,529,667 | 1,850,339 | 1,178,391 | 753,684 | 605,775 | 492,315 |
| net assets | -3,249,693 | -3,005,268 | -2,806,658 | -2,565,614 | -1,986,033 | -1,590,179 | -1,273,471 | -739,783 | -356,403 | -326,603 | -60,910 | 177,822 | -56,873 | -78,715 |
| total shareholders funds | -3,249,693 | -3,005,268 | -2,806,658 | -2,565,614 | -1,986,033 | -1,590,179 | -1,273,471 | -739,783 | -356,403 | -326,603 | -60,910 | 177,822 | -56,873 | -78,715 |
| 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 | -301,497 | -236,508 | -295,570 | -712,427 | -486,630 | -388,358 | -665,092 | -476,205 | -27,535 | -332,083 | -301,436 | 326,790 | 33,236 | -26,353 |
| Depreciation | 250 | 250 | 1,027 | 1,104 | 1,057 | 649 | 781 | 788 | 620 | 580 | 363 | 963 | 1,146 | 1,127 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 2,749 | 8,147 | 8,148 | 7,805 | 7,805 | 11,805 | 11,805 | 11,805 |
| Tax | 57,122 | 46,750 | 56,310 | 135,761 | 92,797 | 73,722 | 133,421 | 95,851 | 7,889 | 80,235 | 75,336 | -81,502 | -6,270 | 8,216 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 113,802 | -136,800 | -124,364 | 16,262 | -184,613 | -423,236 | 54,525 | -60,861 | -39,125 | 151,159 | 222,692 | 349,151 | 145,718 | 250,470 |
| Creditors | 144,300 | -42,277 | -38,458 | 76,086 | 4,649 | -15,506 | -20,548 | 28,668 | -272,188 | 139,126 | 44,270 | 61,940 | -18,201 | 52,439 |
| Accruals and Deferred Income | -6,780 | -55,127 | -291,499 | 218,923 | 17,955 | -130,845 | -2,790 | 64,127 | -328,576 | 72,567 | 27,973 | 209,429 | 109,293 | 184,418 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | -21 | -37 | -50 | -41 | 19 | 11 | 49 | 14 | 47 | 9 |
| Cash flow from operations | -220,407 | -150,112 | -443,826 | -296,815 | -185,580 | -37,139 | -606,054 | -217,804 | -572,498 | -182,918 | -368,332 | 180,288 | -14,662 | -18,809 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 366,982 | 173,929 | 188,198 | 559,369 | 188,900 | -4,404 | 606,229 | 214,080 | 280,073 | 460,244 | 352,415 | -123,474 | 22,321 | 255,449 |
| 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 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -50 | -8,852 | -1,784 | -2,915 | -2,021 | -2,072 | -2,018 | -3,026 | -10,154 | -13,845 | -12,632 | -10,593 | -5,124 | -3,746 |
| cash flow from financing | 366,932 | 165,077 | 186,414 | 556,454 | 186,879 | -6,476 | 604,212 | 211,054 | 269,919 | 446,399 | 339,783 | -134,067 | 17,197 | 194,871 |
| cash and cash equivalents | ||||||||||||||
| cash | 146,525 | 16,173 | -257,412 | 261,236 | -3,251 | -43,615 | -1,842 | -7,060 | -306,707 | 262,173 | -29,591 | 68,817 | 600 | 83,017 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 146,525 | 16,173 | -257,412 | 261,236 | -3,251 | -43,615 | -1,842 | -7,060 | -306,707 | 262,173 | -29,591 | 68,817 | 600 | 83,017 |
driver hire trading limited Credit Report and Business Information
Driver Hire Trading Limited Competitor Analysis
Perform a competitor analysis for driver hire trading limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
driver hire trading limited Ownership
DRIVER HIRE TRADING LIMITED group structure
Driver Hire Trading Limited has no subsidiary companies.
Ultimate parent company
2 parents
DRIVER HIRE TRADING LIMITED
04768578
driver hire trading limited directors
Driver Hire Trading Limited currently has 2 directors. The longest serving directors include Mr Christopher Chidley (Sep 2004) and Mr Paul McNulty (Jan 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Chidley | England | 63 years | Sep 2004 | - | Director |
| Mr Paul McNulty | England | 53 years | Jan 2016 | - | Director |
P&L
March 2023turnover
2.4m
+40%
operating profit
-301.5k
+27%
gross margin
17.9%
-7.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-3.2m
+0.08%
total assets
524k
+0.99%
cash
189.1k
+3.44%
net assets
Total assets minus all liabilities
Similar Companies
driver hire trading limited company details
company number
04768578
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
incorporation date
May 2003
age
21
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
total - drive.com limited (January 2006)
incorporated
UK
address
7, bradford business park, kings ga, bradford, west yorkshire, BD1 4SJ
last accounts submitted
March 2023
driver hire trading limited 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 4 charges/mortgages relating to driver hire trading limited. Currently there are 2 open charges and 2 have been satisfied in the past.
driver hire trading limited Companies House Filings - See Documents
| date | description | view/download |
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