Farmec Hire Centre Limited

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farmec hire centre limited Company Information

Live

MatureMicroDeclining

Company Number

05162429

Website

www.farmechirecentre.com

Registered Address

small business accountancy ltd, unit 16, wills business park, bridgwater, TA6 5JT

Industry

Renting and leasing of construction and civil engineering machinery and equipment

Telephone

01934732172

Next Accounts Due

May 2025

Group Structure

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Directors

Geoffrey Abraham20 Years

Shareholders

geoffrey paul abraham 100%

farmec hire centre limited Estimated Valuation

£660.3k

Pomanda estimates the enterprise value of FARMEC HIRE CENTRE LIMITED at £660.3k based on Net Assets of £263.9k and 2.5x industry multiple (adjusted for liquidity).

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Farmec Hire Centre Limited is a live company located in bridgwater, TA6 5JT with a Companies House number of 05162429. It operates in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in June 2004, it's largest shareholder is geoffrey paul abraham with a 100% stake. Farmec Hire Centre Limited is a mature, micro sized company, Pomanda has estimated its turnover at £105.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Farmec Hire Centre Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

1 Regular

8 Weak

Size

annual sales of £105.3k, make it smaller than the average company (£13.2m)

Growth

3 year (CAGR) sales growth of -43%, show it is growing at a slower rate (6.8%)

EXPORT

Farmec Hire Centre Limited's latest turnover from August 2023 is estimated at £105.3 thousand and the company has net assets of £263.9 thousand. According to their latest financial statements, Farmec Hire Centre Limited has 1 employee and maintains cash reserves of £261.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	105,336	69,832	513,267	582,421	658,439	572,563	389,787	252,839	249,151	356,354	319,916	414,071	479,924	391,406	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	82,947	54,200	417,909	471,243	526,883	448,766	299,796	195,035	196,177	276,583	254,446	332,900	375,119	309,343	0
Gross Profit	22,389	15,632	95,358	111,178	131,555	123,798	89,992	57,803	52,974	79,771	65,470	81,171	104,805	82,062	0
Admin Expenses	58,521	-131,375	96,185	115,770	69,130	140,844	70,660	38,013	79,143	74,900	50,066	27,889	99,351	67,911	-79,117
Operating Profit	-36,132	147,007	-827	-4,592	62,425	-17,046	19,332	19,790	-26,169	4,871	15,404	53,282	5,454	14,151	79,117
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	15,280	3,061	0	0	0	0	42	106	439	556	564	519	332	274	143
Pre-Tax Profit	-20,852	150,068	-827	-4,592	62,425	-17,046	19,374	19,896	-25,730	5,427	15,968	53,801	5,786	14,425	79,260
Tax	0	-28,513	0	0	-11,861	0	-3,681	-3,979	0	-1,140	-3,673	-12,912	-1,504	-4,039	-22,193
Profit After Tax	-20,852	121,555	-827	-4,592	50,564	-17,046	15,693	15,917	-25,730	4,287	12,295	40,889	4,282	10,386	57,067
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-20,852	121,555	-827	-4,592	50,564	-17,046	15,693	15,917	-25,730	4,287	12,295	40,889	4,282	10,386	57,067
Employee Costs	43,562	41,313	119,043	113,924	114,281	112,860	71,875	69,429	69,114	65,382	65,374	64,070	92,099	88,336	0
Number Of Employees	1	1	3	3	3	3	2	2	2	2	2	2	3	3	0
EBITDA*	-18,707	147,007	-827	-4,592	62,425	-17,046	19,332	82,690	31,851	76,458	76,474	121,837	78,439	101,761	176,054

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	71,307	77,737	139,062	174,337	181,182	198,017	251,932	259,882	208,782	222,802	247,441	239,562	252,722	270,232	296,442
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	9,000
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	71,307	77,737	139,062	174,337	181,182	198,017	251,932	259,882	208,782	222,802	247,441	239,562	252,722	270,232	305,442
Stock & work in progress	0	0	0	0	0	0	0	3,750	3,750	3,750	3,750	3,750	3,750	3,750	4,500
Trade Debtors	25,001	3,359	170,313	175,748	205,458	133,005	93,623	47,063	50,670	68,095	57,601	75,652	95,867	56,787	44,261
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	261,366	349,823	0	0	0	0	0	33,718	51,255	124,272	97,984	127,488	80,278	52,640	57,029
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	286,367	353,182	170,313	175,748	205,458	133,005	93,623	84,531	105,675	196,117	159,335	206,890	179,895	113,177	105,790
total assets	357,674	430,919	309,375	350,085	386,640	331,022	345,555	344,413	314,457	418,919	406,776	446,452	432,617	383,409	411,232
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	5,234	39,065	121,721	139,815	191,724	184,983	146,672	161,895	169,453	238,798	224,945	284,703	314,621	280,980	310,386
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	5,234	39,065	121,721	139,815	191,724	184,983	146,672	161,895	169,453	238,798	224,945	284,703	314,621	280,980	310,386
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	72,696	91,258	8,614	30,403	10,457	12,144	47,942	47,269	25,672	35,059	41,056	33,269	30,405	19,120	27,923
provisions	15,855	15,855	15,855	15,855	15,855	15,855	15,855	15,855	15,855	15,855	15,855	15,855	15,855	15,855	15,855
total long term liabilities	88,551	107,113	24,469	46,258	26,312	27,999	63,797	63,124	41,527	50,914	56,911	49,124	46,260	34,975	43,778
total liabilities	93,785	146,178	146,190	186,073	218,036	212,982	210,469	225,019	210,980	289,712	281,856	333,827	360,881	315,955	354,164
net assets	263,889	284,741	163,185	164,012	168,604	118,040	135,086	119,394	103,477	129,207	124,920	112,625	71,736	67,454	57,068
total shareholders funds	263,889	284,741	163,185	164,012	168,604	118,040	135,086	119,394	103,477	129,207	124,920	112,625	71,736	67,454	57,068

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-36,132	147,007	-827	-4,592	62,425	-17,046	19,332	19,790	-26,169	4,871	15,404	53,282	5,454	14,151	79,117
Depreciation	17,425	0	0	0	0	0	0	62,900	58,020	71,587	61,070	68,555	72,985	78,610	87,937
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	9,000	9,000
Tax	0	-28,513	0	0	-11,861	0	-3,681	-3,979	0	-1,140	-3,673	-12,912	-1,504	-4,039	-22,193
Stock	0	0	0	0	0	0	-3,750	0	0	0	0	0	0	-750	4,500
Debtors	21,642	-166,954	-5,435	-29,710	72,453	39,382	46,560	-3,607	-17,425	10,494	-18,051	-20,215	39,080	12,526	44,261
Creditors	-33,831	-82,656	-18,094	-51,909	6,741	38,311	-15,223	-7,558	-69,345	13,853	-59,758	-29,918	33,641	-29,406	310,386
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	15,855
Cash flow from operations	-74,180	202,792	-13,486	-26,791	-15,148	-18,117	-42,382	74,760	-20,069	78,677	31,094	99,222	71,496	56,540	431,341
Investing Activities
capital expenditure	-10,995	61,325	35,275	6,845	16,835	53,915	7,950	-114,000	-44,000	-46,948	-68,949	-55,395	-55,475	-52,400	-402,379
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-10,995	61,325	35,275	6,845	16,835	53,915	7,950	-114,000	-44,000	-46,948	-68,949	-55,395	-55,475	-52,400	-402,379
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	0	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	0
other long term liabilities	-18,562	82,644	-21,789	19,946	-1,687	-35,798	673	21,597	-9,387	-5,997	7,787	2,864	11,285	-8,803	27,923
share issue	0	1	0	0	0	0	-1	0	0	0	0	0	0	0	1
interest	15,280	3,061	0	0	0	0	42	106	439	556	564	519	332	274	143
cash flow from financing	-3,282	85,706	-21,789	19,946	-1,687	-35,798	714	21,703	-8,948	-5,441	8,351	3,383	11,617	-8,529	28,067
cash and cash equivalents
cash	-88,457	349,823	0	0	0	0	-33,718	-17,537	-73,017	26,288	-29,504	47,210	27,638	-4,389	57,029
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-88,457	349,823	0	0	0	0	-33,718	-17,537	-73,017	26,288	-29,504	47,210	27,638	-4,389	57,029

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for farmec hire centre limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in TA6 area or any other competitors across 12 key performance metrics.

FARMEC HIRE CENTRE LIMITED group structure

Farmec Hire Centre Limited has no subsidiary companies.

Ultimate parent company

FARMEC HIRE CENTRE LIMITED

05162429

FARMEC HIRE CENTRE LIMITED Shareholders

geoffrey paul abraham

100%

Farmec Hire Centre Limited currently has 1 director, Mr Geoffrey Abraham serving since Jun 2004.

officer	country	age	start	end	role
Mr Geoffrey Abraham		61 years	Jun 2004	-	Director

P&L

August 2023

turnover

105.3k

+51%

operating profit

-36.1k

gross margin

21.3%

-5.05%

turnover

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

Balance Sheet

August 2023

net assets

263.9k

-0.07%

total assets

357.7k

-0.17%

cash

261.4k

-0.25%

net assets

Total assets minus all liabilities

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company number

05162429

Type

Private limited with Share Capital

industry

77320 - Renting and leasing of construction and civil engineering machinery and equipment

incorporation date

June 2004

ultimate parent company

None

previous names

N/A

address

small business accountancy ltd, unit 16, wills business park, bridgwater, TA6 5JT

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 1 charges/mortgages relating to farmec hire centre limited. Currently there are 1 open charges and 0 have been satisfied in the past.

farmec hire centre limited Company Information

farmec hire centre limited Estimated Valuation

farmec hire centre limited Estimated Valuation

farmec hire centre limited Estimated Valuation

Farmec Hire Centre Limited Overview

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FARMEC HIRE CENTRE LIMITED financials

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