adapted vehicle hire limited
adapted vehicle hire limited Company Information
Company Number
05363103
Next Accounts
Jun 2025
Shareholders
newship products limited
Group Structure
View All
Industry
Renting and leasing of cars and light motor vehicles
Registered Address
weirside burghfield bridge, burghfield, reading, RG30 3XN
Website
www.adaptedvehiclehire.comadapted vehicle hire limited Estimated Valuation
Pomanda estimates the enterprise value of ADAPTED VEHICLE HIRE LIMITED at £2.4m based on a Turnover of £2.6m and 0.95x industry multiple (adjusted for size and gross margin).
adapted vehicle hire limited Estimated Valuation
Pomanda estimates the enterprise value of ADAPTED VEHICLE HIRE LIMITED at £6.5m based on an EBITDA of £1.5m and a 4.38x industry multiple (adjusted for size and gross margin).
adapted vehicle hire limited Estimated Valuation
Pomanda estimates the enterprise value of ADAPTED VEHICLE HIRE LIMITED at £5m based on Net Assets of £2.2m and 2.24x industry multiple (adjusted for liquidity).
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Adapted Vehicle Hire Limited Overview
Adapted Vehicle Hire Limited is a live company located in reading, RG30 3XN with a Companies House number of 05363103. It operates in the renting and leasing of cars and light motor vehicles sector, SIC Code 77110. Founded in February 2005, it's largest shareholder is newship products limited with a 100% stake. Adapted Vehicle Hire Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.6m with high growth in recent years.
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Adapted Vehicle Hire Limited Health Check
Pomanda's financial health check has awarded Adapted Vehicle Hire Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £2.6m, make it smaller than the average company (£12.4m)
£2.6m - Adapted Vehicle Hire Limited
£12.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (6.5%)
22% - Adapted Vehicle Hire Limited
6.5% - Industry AVG
Production
with a gross margin of 51.4%, this company has a lower cost of product (32.4%)
51.4% - Adapted Vehicle Hire Limited
32.4% - Industry AVG
Profitability
an operating margin of 25.7% make it more profitable than the average company (12.3%)
25.7% - Adapted Vehicle Hire Limited
12.3% - Industry AVG
Employees
with 28 employees, this is similar to the industry average (34)
28 - Adapted Vehicle Hire Limited
34 - Industry AVG
Pay Structure
on an average salary of £41.6k, the company has an equivalent pay structure (£41.6k)
- Adapted Vehicle Hire Limited
£41.6k - Industry AVG
Efficiency
resulting in sales per employee of £91.5k, this is less efficient (£326.3k)
£91.5k - Adapted Vehicle Hire Limited
£326.3k - Industry AVG
Debtor Days
it gets paid by customers after 80 days, this is later than average (34 days)
80 days - Adapted Vehicle Hire Limited
34 days - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is quicker than average (24 days)
20 days - Adapted Vehicle Hire Limited
24 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Adapted Vehicle Hire Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 46 weeks, this is more cash available to meet short term requirements (4 weeks)
46 weeks - Adapted Vehicle Hire Limited
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 45.6%, this is a lower level of debt than the average (77.9%)
45.6% - Adapted Vehicle Hire Limited
77.9% - Industry AVG
ADAPTED VEHICLE HIRE LIMITED financials
Adapted Vehicle Hire Limited's latest turnover from September 2023 is £2.6 million and the company has net assets of £2.2 million. According to their latest financial statements, Adapted Vehicle Hire Limited has 28 employees and maintains cash reserves of £399 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,562,000 | 2,084,000 | 1,515,000 | 1,409,000 | 1,906,000 | 2,333,000 | 1,777,136 | 1,848,618 | 1,910,765 | 2,293,661 | 2,779,151 | 3,211,385 | 2,690,981 | 3,287,596 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 1,245,000 | 1,085,000 | 1,049,000 | 995,000 | 1,069,000 | 1,159,000 | 934,006 | 784,942 | 764,404 | 1,060,550 | 1,228,602 | 1,371,104 | 909,716 | 825,126 |
| Gross Profit | 1,317,000 | 999,000 | 466,000 | 414,000 | 837,000 | 1,174,000 | 843,130 | 1,063,676 | 1,146,361 | 1,233,111 | 1,550,549 | 1,840,281 | 1,781,265 | 2,462,470 |
| Admin Expenses | 659,000 | 636,000 | 359,000 | 354,000 | 691,000 | 743,000 | 692,420 | 696,790 | 616,148 | 796,089 | 777,680 | 941,208 | 760,870 | 809,522 |
| Operating Profit | 658,000 | 363,000 | 107,000 | 60,000 | 146,000 | 431,000 | 150,710 | 366,886 | 530,213 | 437,022 | 772,869 | 899,073 | 1,020,395 | 1,652,948 |
| Interest Payable | 1,000 | 25,000 | 27,000 | 59,000 | 100,000 | 99,000 | 97,959 | 72,019 | 49,777 | 43,016 | 51,795 | 338,357 | 315,249 | 94,817 |
| Interest Receivable | 312 | 622 | 34 | 7,297 | ||||||||||
| Pre-Tax Profit | 657,000 | 338,000 | 80,000 | 1,000 | 46,000 | 332,000 | 53,075 | 295,179 | 480,436 | 394,628 | 721,108 | 560,716 | 705,146 | 1,565,428 |
| Tax | -136,000 | -46,000 | 23,000 | 12,000 | -9,000 | -1,000 | 405 | 9,587 | -399 | 18,977 | 115,670 | -52,924 | -36,538 | -401,597 |
| Profit After Tax | 521,000 | 292,000 | 103,000 | 13,000 | 37,000 | 331,000 | 53,480 | 304,766 | 480,037 | 413,605 | 836,778 | 507,792 | 668,608 | 1,163,831 |
| Dividends Paid | 3,186,000 | 1,252,285 | ||||||||||||
| Retained Profit | 521,000 | 292,000 | 103,000 | 13,000 | -3,149,000 | 331,000 | 53,480 | 304,766 | 480,037 | 413,605 | 836,778 | 507,792 | 668,608 | -88,454 |
| Employee Costs | 440,272 | 454,321 | 458,562 | 729,596 | 683,661 | |||||||||
| Number Of Employees | 28 | 31 | 33 | 38 | 37 | 34 | 33 | 33 | 36 | 38 | 42 | |||
| EBITDA* | 1,479,000 | 1,056,000 | 663,000 | 636,000 | 716,000 | 987,000 | 646,830 | 772,741 | 965,871 | 1,055,264 | 1,469,674 | 1,567,278 | 1,405,042 | 2,033,746 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,700,000 | 2,010,000 | 1,261,000 | 1,317,000 | 1,655,000 | 1,976,000 | 2,055,945 | 1,726,618 | 1,195,988 | 1,400,087 | 1,653,150 | 2,263,527 | 1,835,135 | 1,057,628 |
| Intangible Assets | 33,000 | 37,000 | 40,000 | 44,000 | 48,000 | 52,000 | 56,049 | 60,053 | 64,056 | 68,060 | 126,921 | 165,922 | 339,997 | |
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 2,733,000 | 2,047,000 | 1,301,000 | 1,361,000 | 1,703,000 | 2,028,000 | 2,111,994 | 1,786,671 | 1,260,044 | 1,468,147 | 1,780,071 | 2,429,449 | 2,175,132 | 1,057,628 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 563,000 | 408,000 | 523,000 | 227,000 | 523,000 | 431,000 | 291,434 | 360,720 | 324,685 | 589,672 | 306,284 | 640,362 | 363,630 | 382,642 |
| Group Debtors | 2,000 | 23,000 | 255,000 | 2,572,000 | 3,102,157 | 2,403,886 | 1,861,577 | 1,375,825 | ||||||
| Misc Debtors | 368,000 | 306,000 | 230,000 | 207,000 | 207,000 | 228,000 | 213,548 | 196,787 | 216,110 | 329,927 | 287,808 | 297,648 | 500,169 | 98,449 |
| Cash | 399,000 | 249,000 | 177,000 | 370,000 | 299,000 | 901,000 | 414,666 | 668,374 | 788,864 | 591,222 | 2,326,834 | 983,317 | 228,100 | 301,194 |
| misc current assets | ||||||||||||||
| total current assets | 1,330,000 | 965,000 | 953,000 | 1,059,000 | 1,029,000 | 4,132,000 | 4,021,805 | 3,629,767 | 3,191,236 | 2,886,646 | 2,920,926 | 1,921,327 | 1,091,899 | 782,285 |
| total assets | 4,063,000 | 3,012,000 | 2,254,000 | 2,420,000 | 2,732,000 | 6,160,000 | 6,133,799 | 5,416,438 | 4,451,280 | 4,354,793 | 4,700,997 | 4,350,776 | 3,267,031 | 1,839,913 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 71,000 | 68,000 | 65,000 | 70,000 | 80,000 | 126,000 | 70,140 | 86,527 | 89,252 | 249,869 | 84,732 | 125,680 | 84,455 | 89,351 |
| Group/Directors Accounts | 80,000 | 158,000 | 884,230 | 1,128,764 | 781,526 | 391,877 | ||||||||
| other short term finances | 3,740 | |||||||||||||
| hp & lease commitments | 8,000 | 117,000 | 294,000 | 419,000 | 242,000 | 221,000 | 419,034 | 288,715 | 151,368 | 299,627 | 220,950 | 173,859 | 83,667 | |
| other current liabilities | 368,000 | 276,000 | 165,000 | 184,000 | 234,000 | 422,000 | 215,754 | 171,229 | 184,787 | 274,875 | 335,274 | 300,240 | 261,395 | 504,431 |
| total current liabilities | 447,000 | 541,000 | 682,000 | 673,000 | 556,000 | 769,000 | 704,928 | 546,471 | 425,407 | 828,111 | 1,525,186 | 1,728,543 | 1,211,043 | 985,659 |
| loans | ||||||||||||||
| hp & lease commitments | 173,000 | 451,000 | 893,000 | 1,327,386 | 821,962 | 282,634 | 263,481 | 311,215 | 532,165 | 311,874 | ||||
| Accruals and Deferred Income | 15,000 | 77,250 | 199,800 | |||||||||||
| other liabilities | 1,404,000 | 780,000 | 959,000 | |||||||||||
| provisions | 39,288 | 17,836 | ||||||||||||
| total long term liabilities | 1,404,000 | 780,000 | 173,000 | 451,000 | 893,000 | 959,000 | 1,327,386 | 821,962 | 282,634 | 263,481 | 326,215 | 609,415 | 550,962 | 17,836 |
| total liabilities | 1,851,000 | 1,321,000 | 855,000 | 1,124,000 | 1,449,000 | 1,728,000 | 2,032,314 | 1,368,433 | 708,041 | 1,091,592 | 1,851,401 | 2,337,958 | 1,762,005 | 1,003,495 |
| net assets | 2,212,000 | 1,691,000 | 1,399,000 | 1,296,000 | 1,283,000 | 4,432,000 | 4,101,485 | 4,048,005 | 3,743,239 | 3,263,201 | 2,849,596 | 2,012,818 | 1,505,026 | 836,418 |
| total shareholders funds | 2,212,000 | 1,691,000 | 1,399,000 | 1,296,000 | 1,283,000 | 4,432,000 | 4,101,485 | 4,048,005 | 3,743,239 | 3,263,201 | 2,849,596 | 2,012,818 | 1,505,026 | 836,418 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 658,000 | 363,000 | 107,000 | 60,000 | 146,000 | 431,000 | 150,710 | 366,886 | 530,213 | 437,022 | 772,869 | 899,073 | 1,020,395 | 1,652,948 |
| Depreciation | 817,000 | 689,000 | 552,000 | 572,000 | 566,000 | 552,000 | 492,117 | 401,851 | 431,654 | 609,920 | 687,365 | 654,773 | 384,647 | 380,798 |
| Amortisation | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,003 | 4,004 | 4,004 | 8,322 | 9,440 | 13,432 | ||
| Tax | -136,000 | -46,000 | 23,000 | 12,000 | -9,000 | -1,000 | 405 | 9,587 | -399 | 18,977 | 115,670 | -52,924 | -36,538 | -401,597 |
| Stock | ||||||||||||||
| Debtors | 215,000 | -60,000 | 87,000 | -41,000 | -2,501,000 | -376,139 | 645,746 | 559,021 | 106,948 | 1,701,332 | -343,918 | 74,211 | 382,708 | 481,091 |
| Creditors | 3,000 | 3,000 | -5,000 | -10,000 | -46,000 | 55,860 | -16,387 | -2,725 | -160,617 | 165,137 | -40,948 | 41,225 | -4,896 | 89,351 |
| Accruals and Deferred Income | 92,000 | 111,000 | -19,000 | -50,000 | -188,000 | 206,246 | 44,525 | -13,558 | -90,088 | -75,399 | -27,216 | -83,705 | -43,236 | 504,431 |
| Deferred Taxes & Provisions | -39,288 | 21,452 | 17,836 | |||||||||||
| Cash flow from operations | 1,223,000 | 1,184,000 | 575,000 | 629,000 | 2,974,000 | 1,624,245 | 29,627 | 207,024 | 607,819 | -537,353 | 1,861,098 | 1,358,375 | 959,116 | 1,762,676 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -80,000 | -78,000 | 158,000 | -884,230 | -244,534 | 347,238 | 389,649 | 391,877 | ||||||
| Other Short Term Loans | -3,740 | 3,740 | ||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | -109,000 | -350,000 | -403,000 | -265,000 | 914,000 | -1,525,420 | 635,743 | 676,675 | -129,106 | 30,943 | -173,859 | 310,483 | 395,541 | |
| other long term liabilities | 624,000 | 780,000 | -959,000 | 959,000 | ||||||||||
| share issue | ||||||||||||||
| interest | -1,000 | -25,000 | -27,000 | -59,000 | -100,000 | -99,000 | -97,959 | -71,707 | -49,777 | -42,394 | -51,761 | -338,357 | -315,249 | -87,520 |
| cash flow from financing | 434,000 | 327,000 | -272,000 | -324,000 | -145,000 | -665,905 | 537,784 | 604,968 | -182,622 | -891,941 | -470,154 | 319,364 | 469,941 | 1,229,229 |
| cash and cash equivalents | ||||||||||||||
| cash | 150,000 | 72,000 | -193,000 | 71,000 | -602,000 | 486,334 | -253,708 | -120,490 | 197,642 | -1,735,612 | 1,343,517 | 755,217 | -73,094 | 301,194 |
| overdraft | ||||||||||||||
| change in cash | 150,000 | 72,000 | -193,000 | 71,000 | -602,000 | 486,334 | -253,708 | -120,490 | 197,642 | -1,735,612 | 1,343,517 | 755,217 | -73,094 | 301,194 |
adapted vehicle hire limited Credit Report and Business Information
Adapted Vehicle Hire Limited Competitor Analysis
Perform a competitor analysis for adapted vehicle hire limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in RG30 area or any other competitors across 12 key performance metrics.
adapted vehicle hire limited Ownership
ADAPTED VEHICLE HIRE LIMITED group structure
Adapted Vehicle Hire Limited has no subsidiary companies.
Ultimate parent company
2 parents
ADAPTED VEHICLE HIRE LIMITED
05363103
adapted vehicle hire limited directors
Adapted Vehicle Hire Limited currently has 4 directors. The longest serving directors include Mr Nigel Brice (Aug 2019) and Mr Richard Newman (Aug 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nigel Brice | United Kingdom | 63 years | Aug 2019 | - | Director |
| Mr Richard Newman | England | 47 years | Aug 2019 | - | Director |
| Mr Richard Newman | 46 years | Aug 2019 | - | Director | |
| Mr David Thornton | 53 years | Aug 2019 | - | Director |
P&L
September 2023turnover
2.6m
+23%
operating profit
658k
+81%
gross margin
51.5%
+7.24%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
2.2m
+0.31%
total assets
4.1m
+0.35%
cash
399k
+0.6%
net assets
Total assets minus all liabilities
adapted vehicle hire limited company details
company number
05363103
Type
Private limited with Share Capital
industry
77110 - Renting and leasing of cars and light motor vehicles
incorporation date
February 2005
age
20
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
COOPER PARRY GROUP LIMITED
address
weirside burghfield bridge, burghfield, reading, RG30 3XN
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
adapted vehicle hire 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 7 charges/mortgages relating to adapted vehicle hire limited. Currently there are 1 open charges and 6 have been satisfied in the past.
adapted vehicle hire limited 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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adapted vehicle hire limited Companies House Filings - See Documents
| date | description | view/download |
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