Pomanda estimates the enterprise value of SPEEDY ASSET SERVICES LIMITED at £598m based on a Turnover of £413.9m and 1.44x industry multiple (adjusted for size and gross margin).
speedy asset services limitedEstimated Valuation
£493.4m
Pomanda estimates the enterprise value of SPEEDY ASSET SERVICES LIMITED at £493.4m based on an EBITDA of £72.9m and a 6.77x industry multiple (adjusted for size and gross margin).
speedy asset services limitedEstimated Valuation
£99.2m
Pomanda estimates the enterprise value of SPEEDY ASSET SERVICES LIMITED at £99.2m based on Net Assets of £48.8m and 2.03x industry multiple (adjusted for liquidity).
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Speedy Asset Services LimitedOverview
Speedy Asset Services Limited is a live company located in merseyside, WA12 0JQ with a Companies House number of 06847930. It operates in the renting and leasing of other machinery, equipment and tangible goods n.e.c. sector, SIC Code 77390. Founded in March 2009, it's largest shareholder is
speedy hire plc
with a 100% stake. Speedy Asset Services Limited is a established,
mega sized company, Pomanda has estimated its turnover at
£413.9m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Speedy Asset Services Limited a 3 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
Health Rating3out of 5
5 Strong
2 Regular
5 Weak
Size
annual sales of £413.9m, make it larger than the average company (£10.4m)
£413.9m - Speedy Asset Services Limited
£10.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (7%)
9% - Speedy Asset Services Limited
7% - Industry AVG
Production
with a gross margin of 54.7%, this company has a comparable cost of product (48.4%)
54.7% - Speedy Asset Services Limited
48.4% - Industry AVG
Profitability
an operating margin of 2.4% make it less profitable than the average company (11.6%)
2.4% - Speedy Asset Services Limited
11.6% - Industry AVG
Employees
with 3050 employees, this is above the industry average (64)
3050 - Speedy Asset Services Limited
64 - Industry AVG
Pay Structure
on an average salary of £36.6k, the company has a lower pay structure (£46.4k)
£36.6k - Speedy Asset Services Limited
£46.4k - Industry AVG
Efficiency
resulting in sales per employee of £135.7k, this is less efficient (£215.6k)
£135.7k - Speedy Asset Services Limited
£215.6k - Industry AVG
Debtor Days
it gets paid by customers after 80 days, this is later than average (50 days)
80 days - Speedy Asset Services Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 78 days, this is slower than average (51 days)
78 days - Speedy Asset Services Limited
51 days - Industry AVG
Stock Days
it holds stock equivalent to 22 days, this is in line with average (23 days)
22 days - Speedy Asset Services Limited
23 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - Speedy Asset Services Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90%, this is a higher level of debt than the average (63.7%)
90% - Speedy Asset Services Limited
63.7% - Industry AVG
SPEEDY ASSET SERVICES LIMITED financials
EXPORT
Speedy Asset Services Limited's latest turnover from March 2024 is £413.9 million and the company has net assets of £48.8 million. According to their latest financial statements, Speedy Asset Services Limited has 3,050 employees and maintains cash reserves of £76 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
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
413,913,000
431,771,000
375,562,000
316,516,000
338,456,000
344,948,000
329,980,000
334,380,000
303,181,000
345,878,000
323,394,000
318,082,000
311,893,000
336,314,000
187,298,000
Other Income Or Grants
Cost Of Sales
187,565,000
216,965,000
160,934,000
140,793,000
145,795,000
149,176,000
141,301,000
153,734,000
127,609,000
135,348,000
119,627,000
107,270,000
101,006,000
132,742,000
74,234,000
Gross Profit
226,348,000
214,806,000
214,628,000
175,723,000
192,661,000
195,772,000
188,679,000
180,646,000
175,572,000
210,530,000
203,767,000
210,812,000
210,887,000
203,572,000
113,064,000
Admin Expenses
216,299,000
213,412,000
187,937,000
174,509,000
196,782,000
180,689,000
180,631,000
172,189,000
201,271,000
188,739,000
185,547,000
173,915,000
176,557,000
199,905,000
107,133,000
Operating Profit
10,049,000
1,394,000
26,691,000
1,214,000
-4,121,000
15,083,000
8,048,000
8,457,000
-25,699,000
21,791,000
18,220,000
36,897,000
34,330,000
3,667,000
5,931,000
Interest Payable
8,874,000
4,065,000
2,549,000
1,276,000
5,227,000
7,677,000
6,981,000
7,803,000
10,739,000
9,310,000
9,913,000
11,299,000
10,906,000
8,865,000
6,834,000
Interest Receivable
17,000
4,795,000
2,684,000
143,000
11,144,000
28,000
93,000
101,000
120,000
212,000
129,000
74,000
195,000
286,000
473,000
Pre-Tax Profit
1,192,000
2,124,000
26,826,000
81,000
1,796,000
7,434,000
1,160,000
771,000
-36,311,000
12,689,000
8,436,000
25,672,000
23,619,000
-4,912,000
-430,000
Tax
-1,628,000
-1,271,000
-8,449,000
-543,000
-3,463,000
-2,595,000
-960,000
103,000
7,097,000
-1,888,000
-1,492,000
-1,880,000
6,616,000
2,292,000
626,000
Profit After Tax
-436,000
853,000
18,377,000
-462,000
-1,667,000
4,839,000
200,000
874,000
-29,214,000
10,801,000
6,944,000
23,792,000
30,235,000
-2,620,000
196,000
Dividends Paid
Retained Profit
-436,000
853,000
18,377,000
-462,000
-1,667,000
4,839,000
200,000
874,000
-29,214,000
10,801,000
6,944,000
23,792,000
30,235,000
-2,620,000
196,000
Employee Costs
111,679,000
110,822,000
101,292,000
82,167,000
92,146,000
92,061,000
86,967,000
83,266,000
83,007,000
87,834,000
85,526,000
82,040,000
82,970,000
93,099,000
40,781,000
Number Of Employees
3,050
3,192
3,051
2,862
2,916
2,975
2,905
2,867
2,932
3,149
3,115
2,125
3,236
3,463
2,476
EBITDA*
72,926,000
92,377,000
85,335,000
33,562,000
28,378,000
49,316,000
39,635,000
41,914,000
8,513,000
57,419,000
53,105,000
70,997,000
68,741,000
52,377,000
36,047,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
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
205,640,000
215,989,000
308,942,000
198,060,000
194,503,000
191,583,000
191,495,000
178,632,000
204,081,000
199,747,000
188,698,000
181,398,000
182,886,000
170,329,000
236,299,000
Intangible Assets
115,917,000
102,063,000
20,397,000
20,934,000
10,519,000
11,032,000
11,125,000
3,855,000
1,363,000
21,763,000
22,955,000
24,339,000
26,684,000
27,343,000
31,351,000
Investments & Other
25,028,000
14,403,000
14,403,000
14,403,000
24,027,000
43,150,000
14,391,000
1,160,000
2,279,000
Debtors (Due After 1 year)
4,397,000
Total Fixed Assets
346,585,000
332,455,000
348,139,000
233,397,000
229,049,000
245,765,000
217,011,000
183,647,000
207,723,000
221,510,000
211,653,000
205,737,000
209,570,000
197,672,000
267,650,000
Stock & work in progress
11,504,000
12,358,000
7,886,000
8,035,000
7,873,000
8,132,000
7,413,000
6,107,000
5,412,000
8,385,000
11,079,000
11,784,000
11,902,000
9,554,000
10,721,000
Trade Debtors
91,265,000
95,769,000
97,268,000
81,987,000
77,485,000
78,789,000
81,404,000
73,395,000
67,577,000
84,787,000
75,101,000
68,714,000
74,762,000
85,447,000
84,609,000
Group Debtors
32,852,000
6,551,000
96,542,000
25,042,000
15,082,000
14,917,000
157,000
3,764,000
873,000
1,882,000
1,938,000
161,000
275,000
1,400,000
3,808,000
Misc Debtors
5,680,000
11,825,000
6,026,000
2,775,000
3,389,000
2,438,000
2,524,000
6,396,000
9,742,000
4,485,000
3,495,000
2,125,000
1,525,000
2,311,000
8,128,000
Cash
76,000
77,000
2,578,000
10,524,000
9,294,000
110,000
8,472,000
2,788,000
18,153,000
22,798,000
13,543,000
155,000
3,097,000
11,845,000
13,054,000
misc current assets
15,000
9,921,000
33,400,000
total current assets
141,392,000
126,580,000
210,300,000
128,363,000
113,123,000
104,386,000
99,970,000
92,450,000
101,757,000
122,337,000
105,156,000
82,939,000
101,482,000
143,957,000
120,320,000
total assets
487,977,000
459,035,000
558,439,000
361,760,000
342,172,000
350,151,000
316,981,000
276,097,000
309,480,000
343,847,000
316,809,000
288,676,000
311,052,000
341,629,000
387,970,000
Bank overdraft
4,739,000
1,784,000
3,939,000
3,403,000
86,000
Bank loan
Trade Creditors
40,290,000
36,449,000
39,214,000
41,049,000
42,846,000
36,800,000
37,912,000
31,938,000
32,893,000
32,836,000
34,539,000
24,509,000
28,732,000
18,858,000
32,218,000
Group/Directors Accounts
223,171,000
208,053,000
316,971,000
223,786,000
210,460,000
213,831,000
199,489,000
168,351,000
199,074,000
197,807,000
180,190,000
213,997,000
220,060,000
248,605,000
other short term finances
418,000
hp & lease commitments
21,974,000
21,951,000
20,499,000
93,000
52,000
229,000
157,000
other current liabilities
59,438,000
66,229,000
56,535,000
42,344,000
36,217,000
36,096,000
29,703,000
27,462,000
27,810,000
33,171,000
32,554,000
197,929,000
30,876,000
98,318,000
91,374,000
total current liabilities
349,612,000
334,884,000
433,219,000
307,179,000
289,523,000
290,666,000
267,197,000
227,803,000
259,777,000
263,814,000
247,283,000
225,841,000
273,691,000
337,465,000
372,354,000
loans
642,000
938,000
hp & lease commitments
74,668,000
62,796,000
55,008,000
22,000
40,000
321,000
469,000
Accruals and Deferred Income
other liabilities
200,000
800,000
provisions
14,904,000
13,299,000
20,886,000
10,663,000
8,269,000
13,438,000
8,554,000
7,046,000
8,769,000
10,685,000
10,979,000
22,464,000
9,550,000
12,534,000
29,902,000
total long term liabilities
89,572,000
76,095,000
75,894,000
10,663,000
8,269,000
13,438,000
8,576,000
7,286,000
9,569,000
10,685,000
10,979,000
11,232,000
9,550,000
6,588,000
15,420,000
total liabilities
439,184,000
410,979,000
509,113,000
317,842,000
297,792,000
304,104,000
275,773,000
235,089,000
269,346,000
274,499,000
258,262,000
237,073,000
283,241,000
344,053,000
387,774,000
net assets
48,793,000
48,056,000
49,326,000
43,918,000
44,380,000
46,047,000
41,208,000
41,008,000
40,134,000
69,348,000
58,547,000
51,603,000
27,811,000
-2,424,000
196,000
total shareholders funds
48,793,000
48,056,000
49,326,000
43,918,000
44,380,000
46,047,000
41,208,000
41,008,000
40,134,000
69,348,000
58,547,000
51,603,000
27,811,000
-2,424,000
196,000
Mar 2024
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
10,049,000
1,394,000
26,691,000
1,214,000
-4,121,000
15,083,000
8,048,000
8,457,000
-25,699,000
21,791,000
18,220,000
36,897,000
34,330,000
3,667,000
5,931,000
Depreciation
35,985,000
64,559,000
58,107,000
31,838,000
31,986,000
33,732,000
31,322,000
32,015,000
33,020,000
34,436,000
33,501,000
31,555,000
31,759,000
44,702,000
28,272,000
Amortisation
26,892,000
26,424,000
537,000
510,000
513,000
501,000
265,000
1,442,000
1,192,000
1,192,000
1,384,000
2,545,000
2,652,000
4,008,000
1,844,000
Tax
-1,628,000
-1,271,000
-8,449,000
-543,000
-3,463,000
-2,595,000
-960,000
103,000
7,097,000
-1,888,000
-1,492,000
-1,880,000
6,616,000
2,292,000
626,000
Stock
-854,000
4,472,000
-149,000
162,000
-259,000
719,000
1,306,000
695,000
-2,973,000
-2,694,000
-705,000
-118,000
2,348,000
-1,167,000
10,721,000
Debtors
15,652,000
-90,088,000
94,429,000
13,848,000
-188,000
12,059,000
530,000
5,363,000
-12,962,000
10,620,000
9,534,000
-5,562,000
-12,596,000
-7,387,000
96,545,000
Creditors
3,841,000
-2,765,000
-1,835,000
-1,797,000
6,046,000
-1,112,000
5,974,000
-955,000
57,000
-1,703,000
10,030,000
-4,223,000
9,874,000
-13,360,000
32,218,000
Accruals and Deferred Income
-6,791,000
9,694,000
14,191,000
6,127,000
121,000
6,393,000
2,241,000
-348,000
-5,361,000
617,000
-165,375,000
167,053,000
-67,442,000
6,944,000
91,374,000
Deferred Taxes & Provisions
1,605,000
-7,587,000
10,223,000
2,394,000
-5,169,000
4,884,000
1,508,000
-1,723,000
-1,916,000
-294,000
-11,485,000
12,914,000
-2,984,000
-17,368,000
29,902,000
Cash flow from operations
55,155,000
176,064,000
5,185,000
25,733,000
26,360,000
44,108,000
46,562,000
32,933,000
24,325,000
46,225,000
-124,046,000
250,541,000
25,053,000
39,439,000
82,901,000
Investing Activities
capital expenditure
-66,382,000
-79,696,000
-168,989,000
-46,320,000
-34,906,000
-34,228,000
-51,720,000
-10,500,000
-18,146,000
-45,485,000
-40,801,000
-30,267,000
-46,309,000
21,268,000
-297,766,000
Change in Investments
10,625,000
-9,624,000
-19,123,000
28,759,000
13,231,000
-1,119,000
2,279,000
cash flow from investments
-77,007,000
-79,696,000
-168,989,000
-36,696,000
-15,783,000
-62,987,000
-64,951,000
-9,381,000
-20,425,000
-45,485,000
-40,801,000
-30,267,000
-46,309,000
21,268,000
-297,766,000
Financing Activities
Bank loans
Group/Directors Accounts
15,118,000
-108,918,000
93,185,000
13,326,000
-3,371,000
14,342,000
31,138,000
-30,723,000
1,267,000
17,617,000
180,190,000
-213,997,000
-6,063,000
-28,545,000
248,605,000
Other Short Term Loans
-418,000
418,000
Long term loans
-642,000
-296,000
938,000
Hire Purchase and Lease Commitments
11,895,000
9,240,000
75,507,000
-115,000
23,000
92,000
-550,000
-76,000
626,000
other long term liabilities
-200,000
-600,000
800,000
share issue
1,173,000
-2,123,000
-12,969,000
interest
-8,857,000
730,000
135,000
-1,133,000
5,917,000
-7,649,000
-6,888,000
-7,702,000
-10,619,000
-9,098,000
-9,784,000
-11,225,000
-10,711,000
-8,579,000
-6,361,000
cash flow from financing
18,911,000
-100,653,000
155,858,000
12,193,000
2,546,000
6,578,000
24,073,000
-38,933,000
-8,552,000
8,519,000
170,406,000
-225,222,000
-17,966,000
-37,496,000
243,808,000
cash and cash equivalents
cash
-1,000
-2,501,000
-7,946,000
1,230,000
9,184,000
-8,362,000
5,684,000
-15,365,000
-4,645,000
9,255,000
13,388,000
-2,942,000
-8,748,000
-1,209,000
13,054,000
overdraft
2,955,000
1,784,000
-3,939,000
3,939,000
-3,403,000
3,317,000
86,000
change in cash
-2,956,000
-4,285,000
-7,946,000
1,230,000
13,123,000
-12,301,000
5,684,000
-15,365,000
-4,645,000
9,255,000
16,791,000
-6,259,000
-8,834,000
-1,209,000
13,054,000
speedy asset services limited 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 speedy asset services limited. Get real-time insights into speedy asset services limited's credit score, group structure and payment trends.
Perform a competitor analysis for speedy asset services limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in WA12 area or any other competitors across 12 key performance metrics.
speedy asset services limited Ownership
SPEEDY ASSET SERVICES LIMITED group structure
Speedy Asset Services Limited has 7 subsidiary companies.
The sole shareholder of Speedy Asset Services Limited is Speedy Hire Plc.
speedy hire plc
100%
speedy asset services limited directors
Speedy Asset Services Limited currently has 3 directors.
The longest serving directors include
Mr Daniel Evans (Jul 2020) and
Mr Daniel Evans (Jul 2020).
chase house 16 the parks, newton le willows, merseyside, WA12 0JQ
Bank
-
Legal Advisor
-
speedy asset services 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 13 charges/mortgages relating to speedy asset services limited. Currently there are 3 open charges and 10 have been satisfied in the past.
speedy asset services 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.
Click to start generating capital raising & share issue transactions for SPEEDY ASSET SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.
speedy asset services limitedCompanies House Filings - See Documents
