rushlift limited
rushlift limited Company Information
Company Number
05493140
Website
www.rushlift.co.ukRegistered Address
unit 12 kilvey road, brackmills industrial estate, northampton, NN4 7BQ
Industry
Renting and leasing of trucks
Telephone
08007315035
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
doosan bobcat emea s.r.o. 100%
rushlift limited Estimated Valuation
Pomanda estimates the enterprise value of RUSHLIFT LIMITED at £99.6m based on a Turnover of £53.4m and 1.87x industry multiple (adjusted for size and gross margin).
rushlift limited Estimated Valuation
Pomanda estimates the enterprise value of RUSHLIFT LIMITED at £120.4m based on an EBITDA of £16.5m and a 7.29x industry multiple (adjusted for size and gross margin).
rushlift limited Estimated Valuation
Pomanda estimates the enterprise value of RUSHLIFT LIMITED at £17.3m based on Net Assets of £6.6m and 2.62x industry multiple (adjusted for liquidity).
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Rushlift Limited Overview
Rushlift Limited is a live company located in northampton, NN4 7BQ with a Companies House number of 05493140. It operates in the renting and leasing of trucks and other heavy vehicles sector, SIC Code 77120. Founded in June 2005, it's largest shareholder is doosan bobcat emea s.r.o. with a 100% stake. Rushlift Limited is a established, large sized company, Pomanda has estimated its turnover at £53.4m with healthy growth in recent years.
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Rushlift Limited Health Check
Pomanda's financial health check has awarded Rushlift Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £53.4m, make it larger than the average company (£18.5m)
£53.4m - Rushlift Limited
£18.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (3.3%)
7% - Rushlift Limited
3.3% - Industry AVG
Production
with a gross margin of 43.8%, this company has a lower cost of product (27.6%)
43.8% - Rushlift Limited
27.6% - Industry AVG
Profitability
an operating margin of 5.9% make it less profitable than the average company (12.4%)
5.9% - Rushlift Limited
12.4% - Industry AVG
Employees
with 199 employees, this is above the industry average (46)
199 - Rushlift Limited
46 - Industry AVG
Pay Structure
on an average salary of £49.3k, the company has an equivalent pay structure (£45.5k)
£49.3k - Rushlift Limited
£45.5k - Industry AVG
Efficiency
resulting in sales per employee of £268.1k, this is less efficient (£326.8k)
£268.1k - Rushlift Limited
£326.8k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is earlier than average (52 days)
38 days - Rushlift Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (34 days)
8 days - Rushlift Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 20 days, this is more than average (6 days)
20 days - Rushlift Limited
6 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is average cash available to meet short term requirements (6 weeks)
6 weeks - Rushlift Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.8%, this is a higher level of debt than the average (67.2%)
91.8% - Rushlift Limited
67.2% - Industry AVG
rushlift limited Credit Report and Business Information
Rushlift Limited Competitor Analysis
Perform a competitor analysis for rushlift limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
rushlift limited Ownership
RUSHLIFT LIMITED group structure
Rushlift Limited has no subsidiary companies.
Ultimate parent company
DOOSAN CORP
#0069871
DOOSAN BOBCAT EMEA SRO
#0069799
2 parents
RUSHLIFT LIMITED
05493140
rushlift limited directors
Rushlift Limited currently has 4 directors. The longest serving directors include Mr Timothy Willett (Nov 2018) and Mr Sangyoung Park (Feb 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Willett | 61 years | Nov 2018 | - | Director | |
| Mr Sangyoung Park | 43 years | Feb 2021 | - | Director | |
| Jeongwon Park | Czech Republic | 46 years | Aug 2023 | - | Director |
| Mr Jason McNally | United Kingdom | 47 years | Nov 2023 | - | Director |
RUSHLIFT LIMITED financials
Rushlift Limited's latest turnover from December 2022 is £53.4 million and the company has net assets of £6.6 million. According to their latest financial statements, Rushlift Limited has 199 employees and maintains cash reserves of £4.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 53,351,000 | 40,824,000 | 38,313,000 | 43,667,000 | 44,768,000 | 36,403,000 | 33,880,000 | 40,360,000 | 29,436,000 | 24,873,776 | 24,392,091 | 18,419,865 | 15,393,641 | 15,723,020 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 30,008,000 | 18,632,000 | 16,176,000 | 20,503,000 | 22,769,000 | 18,383,000 | 16,942,000 | 19,304,000 | 14,406,000 | 11,822,248 | 11,334,102 | 8,765,814 | ||
| Gross Profit | 23,343,000 | 22,192,000 | 22,137,000 | 23,164,000 | 21,999,000 | 18,020,000 | 16,938,000 | 21,056,000 | 15,030,000 | 13,051,528 | 13,057,989 | 6,627,827 | ||
| Admin Expenses | 20,222,000 | 19,214,000 | 19,180,000 | 21,427,000 | 19,006,000 | 15,284,000 | 14,438,000 | 17,268,000 | 11,688,000 | 9,909,735 | 9,796,869 | 5,518,390 | ||
| Operating Profit | 3,121,000 | 2,978,000 | 2,957,000 | 1,737,000 | 2,993,000 | 2,736,000 | 2,500,000 | 3,788,000 | 3,342,000 | 3,141,793 | 3,261,120 | 1,826,985 | 1,109,437 | 1,625,453 |
| Interest Payable | 2,424,000 | 2,851,000 | 1,986,000 | 2,462,000 | 2,111,000 | 1,527,000 | 1,430,000 | 1,668,000 | 1,120,000 | 1,106,805 | 1,179,287 | 664,959 | 352,526 | 471,292 |
| Interest Receivable | 0 | 3,000 | 0 | 0 | 0 | 1,000 | 2,000 | 3,000 | 2,000 | 825 | 0 | 0 | 0 | 601 |
| Pre-Tax Profit | 697,000 | 130,000 | 971,000 | -725,000 | 882,000 | 1,210,000 | 1,072,000 | 2,123,000 | 2,224,000 | 2,035,813 | 2,081,833 | 1,162,026 | 756,911 | 1,154,762 |
| Tax | -690,000 | -262,000 | -805,000 | 37,000 | 125,000 | -952,000 | -147,000 | -25,000 | -353,000 | -460,430 | -424,206 | -398,831 | -206,795 | -194,253 |
| Profit After Tax | 7,000 | -132,000 | 166,000 | -688,000 | 1,007,000 | 258,000 | 925,000 | 2,098,000 | 1,871,000 | 1,575,383 | 1,657,627 | 763,195 | 550,116 | 960,509 |
| Dividends Paid | 0 | 0 | 1,500,000 | 700,000 | 0 | 2,000,000 | 0 | 1,931,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 7,000 | -132,000 | -1,334,000 | -1,388,000 | 1,007,000 | -1,742,000 | 925,000 | 167,000 | 1,871,000 | 1,575,383 | 1,657,627 | 763,195 | 550,116 | 960,509 |
| Employee Costs | 9,808,000 | 8,195,000 | 3,712,000 | 10,030,000 | 10,226,000 | 8,937,000 | 8,511,000 | 10,153,000 | 7,439,000 | 3,245,637 | 3,105,753 | 2,453,306 | 2,379,481 | 2,531,548 |
| Number Of Employees | 199 | 203 | 231 | 259 | 267 | 245 | 241 | 217 | 212 | 189 | 186 | 164 | 155 | 155 |
| EBITDA* | 16,512,000 | 17,346,000 | 16,512,000 | 15,055,000 | 15,324,000 | 11,663,000 | 11,091,000 | 12,556,000 | 9,603,000 | 8,387,822 | 8,541,323 | 5,361,775 | 3,400,429 | 4,169,587 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 65,529,000 | 74,185,000 | 77,487,000 | 75,710,000 | 68,448,000 | 57,944,000 | 45,339,000 | 43,471,000 | 33,951,000 | 26,769,700 | 25,674,690 | 24,847,212 | 7,533,423 | 9,126,794 |
| Intangible Assets | 0 | 0 | 0 | 1,308,000 | 1,518,000 | 1,518,000 | 1,518,000 | 1,518,000 | 1,518,000 | 1,501,057 | 912,035 | 969,249 | 319,217 | 342,356 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 202 | 1,945,816 | 1,945,816 | 2,980,387 | 2,869,447 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,320,000 | 1,714,000 | 1,231,139 | 177,966 | 0 | 320,430 | 789,777 |
| Total Fixed Assets | 65,529,000 | 74,185,000 | 77,487,000 | 77,018,000 | 69,966,000 | 59,462,000 | 46,857,000 | 44,989,000 | 35,469,000 | 29,502,098 | 28,710,507 | 27,762,277 | 11,153,457 | 13,128,374 |
| Stock & work in progress | 1,667,000 | 1,025,000 | 669,000 | 3,837,000 | 1,647,000 | 1,559,000 | 1,176,000 | 958,000 | 702,000 | 1,887,337 | 1,576,674 | 1,550,978 | 1,801,981 | 1,784,376 |
| Trade Debtors | 5,695,000 | 3,439,000 | 7,272,000 | 3,640,000 | 2,944,000 | 2,479,000 | 2,335,000 | 1,850,000 | 2,179,000 | 2,050,345 | 1,392,874 | 1,115,874 | 1,390,612 | 1,506,239 |
| Group Debtors | 0 | 2,295,000 | 0 | 2,315,000 | 2,295,000 | 2,295,000 | 2,327,000 | 0 | 63,000 | 64,131 | 196,818 | 231,148 | 214,818 | 248,192 |
| Misc Debtors | 2,371,000 | 1,792,000 | 0 | 1,516,000 | 725,000 | 966,000 | 801,000 | 822,000 | 747,000 | 748,585 | 879,532 | 1,048,570 | 626,042 | 366,921 |
| Cash | 4,558,000 | 4,102,000 | 3,491,000 | 2,488,000 | 3,367,000 | 2,817,000 | 3,637,000 | 2,790,000 | 4,472,000 | 3,718,791 | 3,010,883 | 1,674,621 | 1,766,956 | 1,075,072 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 14,291,000 | 12,653,000 | 11,432,000 | 13,796,000 | 10,978,000 | 10,116,000 | 10,276,000 | 6,420,000 | 8,163,000 | 8,469,189 | 7,056,781 | 5,621,191 | 5,800,409 | 4,980,800 |
| total assets | 79,820,000 | 86,838,000 | 88,919,000 | 90,814,000 | 80,944,000 | 69,578,000 | 57,133,000 | 51,409,000 | 43,632,000 | 37,971,287 | 35,767,288 | 33,383,468 | 16,953,866 | 18,109,174 |
| 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 | 733,000 | 817,000 | 350,000 | 1,857,000 | 2,470,000 | 2,950,000 | 2,603,000 | 2,614,000 | 2,595,000 | 2,328,519 | 2,652,142 | 2,253,806 | 1,267,731 | 1,080,278 |
| Group/Directors Accounts | 11,807,000 | 11,384,000 | 7,664,000 | 0 | 0 | 0 | 0 | 0 | 0 | 100 | 0 | 0 | 361,402 | 361,402 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 17,998,000 | 13,759,000 | 14,803,000 | 12,525,000 | 10,138,000 | 9,546,000 | 8,617,000 | 7,446,000 | 5,522,000 | 5,108,739 | 4,864,948 | 4,342,989 | 1,436,956 | 1,618,120 |
| other current liabilities | 7,089,000 | 9,900,000 | 11,126,000 | 21,176,000 | 16,311,000 | 11,182,000 | 8,386,000 | 6,135,000 | 5,954,000 | 2,184,991 | 1,801,254 | 2,127,711 | 2,127,163 | 2,395,196 |
| total current liabilities | 37,627,000 | 35,860,000 | 33,943,000 | 35,558,000 | 28,919,000 | 23,678,000 | 19,606,000 | 16,195,000 | 14,071,000 | 9,622,349 | 9,318,344 | 8,724,506 | 5,193,252 | 5,454,996 |
| loans | 0 | 0 | 0 | 90,058,000 | 81,086,000 | 69,186,000 | 50,018,000 | 47,272,000 | 36,090,000 | 0 | 0 | 186,758 | 2,172,649 | 2,739,487 |
| hp & lease commitments | 32,634,000 | 42,116,000 | 46,422,000 | 45,029,000 | 40,543,000 | 34,593,000 | 25,009,000 | 23,636,000 | 18,045,000 | 17,132,644 | 17,504,232 | 17,381,113 | 3,080,427 | 4,196,378 |
| 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 | 1,170,048 | 1,013,582 | 970,890 | 1,150,532 | 911,423 |
| provisions | 2,970,000 | 2,280,000 | 1,840,000 | 1,742,000 | 1,476,000 | 2,182,000 | 1,120,000 | 1,090,000 | 1,300,000 | 693,035 | 153,302 | 0 | 0 | 0 |
| total long term liabilities | 35,604,000 | 44,396,000 | 48,262,000 | 45,900,000 | 41,281,000 | 35,684,000 | 25,569,000 | 24,181,000 | 18,695,000 | 18,995,727 | 18,671,116 | 18,538,761 | 6,403,608 | 7,847,288 |
| total liabilities | 73,231,000 | 80,256,000 | 82,205,000 | 81,458,000 | 70,200,000 | 59,362,000 | 45,175,000 | 40,376,000 | 32,766,000 | 28,618,076 | 27,989,460 | 27,263,267 | 11,596,860 | 13,302,284 |
| net assets | 6,589,000 | 6,582,000 | 6,714,000 | 9,356,000 | 10,744,000 | 10,216,000 | 11,958,000 | 11,033,000 | 10,866,000 | 9,353,211 | 7,777,828 | 6,120,201 | 5,357,006 | 4,806,890 |
| total shareholders funds | 6,589,000 | 6,582,000 | 6,714,000 | 9,356,000 | 10,744,000 | 10,216,000 | 11,958,000 | 11,033,000 | 10,866,000 | 9,353,211 | 7,777,828 | 6,120,201 | 5,357,006 | 4,806,890 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 3,121,000 | 2,978,000 | 2,957,000 | 1,737,000 | 2,993,000 | 2,736,000 | 2,500,000 | 3,788,000 | 3,342,000 | 3,141,793 | 3,261,120 | 1,826,985 | 1,109,437 | 1,625,453 |
| Depreciation | 13,391,000 | 14,368,000 | 13,555,000 | 13,318,000 | 12,331,000 | 8,927,000 | 8,591,000 | 8,768,000 | 6,261,000 | 5,188,815 | 5,222,989 | 3,511,652 | 2,267,854 | 2,521,066 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57,214 | 57,214 | 23,138 | 23,138 | 23,068 |
| Tax | -690,000 | -262,000 | -805,000 | 37,000 | 125,000 | -952,000 | -147,000 | -25,000 | -353,000 | -460,430 | -424,206 | -398,831 | -206,795 | -194,253 |
| Stock | 642,000 | 356,000 | -3,168,000 | 2,190,000 | 88,000 | 383,000 | 218,000 | 256,000 | -1,185,337 | 310,663 | 25,696 | -251,003 | 17,605 | 1,784,376 |
| Debtors | 540,000 | 254,000 | -199,000 | 1,507,000 | 224,000 | 277,000 | 471,000 | 289,000 | 608,800 | 1,447,010 | 251,598 | -156,310 | -359,227 | 2,911,129 |
| Creditors | -84,000 | 467,000 | -1,507,000 | -613,000 | -480,000 | 347,000 | -11,000 | 19,000 | 266,481 | -323,623 | 398,336 | 986,075 | 187,453 | 1,080,278 |
| Accruals and Deferred Income | -2,811,000 | -1,226,000 | -10,050,000 | 4,865,000 | 5,129,000 | 2,796,000 | 2,251,000 | 181,000 | 3,769,009 | 383,737 | -326,457 | 548 | -268,033 | 2,395,196 |
| Deferred Taxes & Provisions | 690,000 | 440,000 | 98,000 | 266,000 | -706,000 | 1,062,000 | 30,000 | -210,000 | 606,965 | 539,733 | 153,302 | 0 | 0 | 0 |
| Cash flow from operations | 12,435,000 | 16,155,000 | 7,615,000 | 15,913,000 | 19,080,000 | 14,256,000 | 12,525,000 | 11,976,000 | 14,468,992 | 6,769,566 | 8,065,004 | 6,356,880 | 3,454,676 | 2,755,303 |
| Investing Activities | ||||||||||||||
| capital expenditure | -221,345 | 48,238 | 41,247 | 132,236 | 719,925 | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -202 | -1,945,614 | 0 | -1,034,571 | 110,940 | 2,869,447 |
| cash flow from investments | 1,724,269 | 48,238 | 1,075,818 | 21,296 | -2,149,522 | |||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 423,000 | 3,720,000 | 7,664,000 | 0 | 0 | 0 | 0 | 0 | -100 | 100 | 0 | -361,402 | 0 | 361,402 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -90,058,000 | 8,972,000 | 11,900,000 | 19,168,000 | 2,746,000 | 11,182,000 | 36,090,000 | 0 | -186,758 | -1,985,891 | -566,838 | 2,739,487 |
| Hire Purchase and Lease Commitments | -5,243,000 | -5,350,000 | 3,671,000 | 6,873,000 | 6,542,000 | 10,513,000 | 2,544,000 | 7,515,000 | 1,325,617 | -127,797 | 645,078 | 17,206,719 | -1,297,115 | 5,814,498 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,170,048 | 156,466 | 42,692 | -179,642 | 239,109 | 911,423 |
| share issue | ||||||||||||||
| interest | -2,424,000 | -2,848,000 | -1,986,000 | -2,462,000 | -2,111,000 | -1,526,000 | -1,428,000 | -1,665,000 | -1,118,000 | -1,105,980 | -1,179,287 | -664,959 | -352,526 | -470,691 |
| cash flow from financing | -7,244,000 | -4,478,000 | -82,017,000 | 13,383,000 | 15,852,000 | 28,155,000 | 3,862,000 | 17,032,000 | 34,769,258 | -1,077,211 | -678,275 | 14,014,825 | -1,977,370 | 13,202,500 |
| cash and cash equivalents | ||||||||||||||
| cash | 456,000 | 611,000 | 1,003,000 | -879,000 | 550,000 | -820,000 | 847,000 | -1,682,000 | 753,209 | 707,908 | 1,336,262 | -92,335 | 691,884 | 1,075,072 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 456,000 | 611,000 | 1,003,000 | -879,000 | 550,000 | -820,000 | 847,000 | -1,682,000 | 753,209 | 707,908 | 1,336,262 | -92,335 | 691,884 | 1,075,072 |
P&L
December 2022turnover
53.4m
+31%
operating profit
3.1m
+5%
gross margin
43.8%
-19.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
6.6m
0%
total assets
79.8m
-0.08%
cash
4.6m
+0.11%
net assets
Total assets minus all liabilities
Similar Companies
rushlift limited company details
company number
05493140
Type
Private limited with Share Capital
industry
77120 - Renting and leasing of trucks
incorporation date
June 2005
age
19
accounts
Full Accounts
ultimate parent company
previous names
smh service company limited (June 2006)
incorporated
UK
address
unit 12 kilvey road, brackmills industrial estate, northampton, NN4 7BQ
last accounts submitted
December 2022
rushlift 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 362 charges/mortgages relating to rushlift limited. Currently there are 317 open charges and 45 have been satisfied in the past.
rushlift limited Companies House Filings - See Documents
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