H2 Leasing Limited

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h2 leasing limited Company Information

Dissolved

Company Number

06904015

Next Accounts

Jan 2025

Industry

Renting and leasing of office machinery and equipment (including computers)

Directors

Sally Hirst

Rachael Hammond

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Shareholders

paul hammond

matthew john hirst

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Group Structure

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Contact

Registered Address

2 st katherines court, frome road, bradford-on-avon, wiltshire, BA15 1LE

Website

h2 leasing limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of H2 LEASING LIMITED at £1.6m based on a Turnover of £924.9k and 1.74x industry multiple (adjusted for size and gross margin).

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H2 Leasing Limited is a dissolved company that was located in bradford-on-avon, BA15 1LE with a Companies House number of 06904015. It operated in the renting and leasing of office machinery and equipment (including computers) sector, SIC Code 77330. Founded in May 2009, it's largest shareholder was paul hammond with a 30% stake. The last turnover for H2 Leasing Limited was estimated at £924.9k.

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Pomanda's financial health check has awarded H2 Leasing Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

4 Weak

Size

annual sales of £924.9k, make it smaller than the average company (£3.3m)

Growth

3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (7.4%)

EXPORT

H2 Leasing Limited's latest turnover from March 2020 is estimated at £924.9 thousand and the company has net assets of £125. According to their latest financial statements, H2 Leasing Limited has 4 employees and maintains cash reserves of £4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	924,889	500,223	512,392	374,248	357,056	61,532	245,674	203,314	220,943	121,586	114,849
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	423,997	220,849	242,355	164,869	156,399	31,231	126,169	112,092	128,214	73,959	67,047
Gross Profit	500,892	279,375	270,038	209,379	200,658	30,301	119,505	91,222	92,729	47,626	47,802
Admin Expenses	717,814	282,094	165,096	116,476	166,496	60,823	111,130	86,765	48,476	37,173	29,747
Operating Profit	-216,922	-2,719	104,942	92,903	34,162	-30,522	8,375	4,457	44,253	10,453	18,055
Interest Payable	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	4	58	92	84	117	33	31	26	38	27	4
Pre-Tax Profit	-216,918	-2,661	105,035	92,988	34,279	-30,489	8,406	4,483	44,291	10,479	18,058
Tax	0	0	-19,957	-18,597	-6,856	0	-1,933	-1,076	-11,516	-2,934	-5,056
Profit After Tax	-216,918	-2,661	85,078	74,390	27,423	-30,489	6,473	3,407	32,775	7,545	13,002
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-216,918	-2,661	85,078	74,390	27,423	-30,489	6,473	3,407	32,775	7,545	13,002
Employee Costs	197,420	195,571	177,377	156,449	146,602	33,964	35,550	40,547	42,969	40,247	31,404
Number Of Employees	4	4	4	4	4	1	1	1	1	1	1
EBITDA*	-203,155	15,462	110,617	102,435	45,663	-13,430	21,800	17,032	58,723	17,328	24,501

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	0	43,267	51,814	22,664	16,818	20,704	17,460	24,787	26,337	14,178	19,336
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	111,353	40,000	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	154,620	91,814	22,664	16,818	20,704	17,460	24,787	26,337	14,178	19,336
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	22,885	22,884	13,482	12,500	12,582	50,600	38,100	44,830	17,918	14,487
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	237	103,250	153,250	100,000	0	0	0	0	0	0	0
Cash	3,993	4,558	10,871	25,973	41,507	5,171	7,963	4,496	5,948	9,187	1,436
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,230	130,693	187,005	139,455	54,007	17,753	58,563	42,596	50,778	27,105	15,923
total assets	4,230	285,313	278,819	162,119	70,825	38,457	76,023	67,383	77,115	41,283	35,259
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	4,547	12,721	10,554	23,693	20,636	22,157
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	4,105	63,566	53,540	25,358	9,633	0	0	0	0	0	0
total current liabilities	4,105	63,566	53,540	25,358	9,633	4,547	12,721	10,554	23,693	20,636	22,157
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0
provisions	0	4,704	5,575	2,135	956	1,097	0	0	0	0	0
total long term liabilities	0	4,704	5,575	2,135	956	1,097	0	0	0	0	0
total liabilities	4,105	68,270	59,115	27,493	10,589	5,644	12,721	10,554	23,693	20,636	22,157
net assets	125	217,043	219,704	134,626	60,236	32,813	63,302	56,829	53,422	20,647	13,102
total shareholders funds	125	217,043	219,704	134,626	60,236	32,813	63,302	56,829	53,422	20,647	13,102

	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	-216,922	-2,719	104,942	92,903	34,162	-30,522	8,375	4,457	44,253	10,453	18,055
Depreciation	13,767	18,181	5,675	9,532	11,501	17,092	13,425	12,575	14,470	6,875	6,446
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-19,957	-18,597	-6,856	0	-1,933	-1,076	-11,516	-2,934	-5,056
Stock	0	0	0	0	0	0	0	0	0	0	0
Debtors	-125,898	-49,999	62,652	100,982	-82	-38,018	12,500	-6,730	26,912	3,431	14,487
Creditors	0	0	0	0	-4,547	-8,174	2,167	-13,139	3,057	-1,521	22,157
Accruals and Deferred Income	-59,461	10,026	28,182	15,725	9,633	0	0	0	0	0	0
Deferred Taxes & Provisions	-4,704	-871	3,440	1,179	-141	1,097	0	0	0	0	0
Cash flow from operations	-141,422	74,616	59,630	-240	43,834	17,511	9,534	9,547	23,352	9,442	27,115
Investing Activities
capital expenditure	29,500	-9,634	-34,825	-15,378	-7,615	-20,336	-6,098	-11,025	-26,629	-1,717	-25,782
Change in Investments	-111,353	71,353	40,000	0	0	0	0	0	0	0	0
cash flow from investments	140,853	-80,987	-74,825	-15,378	-7,615	-20,336	-6,098	-11,025	-26,629	-1,717	-25,782
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	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
share issue	0	0	0	0	0	0	0	0	0	0	100
interest	4	58	92	84	117	33	31	26	38	27	4
cash flow from financing	4	58	92	84	117	33	31	26	38	27	104
cash and cash equivalents
cash	-565	-6,313	-15,102	-15,534	36,336	-2,792	3,467	-1,452	-3,239	7,751	1,436
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	-565	-6,313	-15,102	-15,534	36,336	-2,792	3,467	-1,452	-3,239	7,751	1,436

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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H2 LEASING LIMITED group structure

H2 Leasing Limited has no subsidiary companies.

Ultimate parent company

H2 LEASING LIMITED

06904015

H2 LEASING LIMITED Shareholders

paul hammond	30%
matthew john hirst	30%
sally hirst	20%
rachael hammond	20%

H2 Leasing Limited currently has 4 directors. The longest serving directors include Mrs Sally Hirst (May 2009) and Mrs Rachael Hammond (May 2009).

officer	country	age	start	end	role
Mrs Sally Hirst	England	47 years	May 2009	-	Director
Mrs Rachael Hammond	United Kingdom	52 years	May 2009	-	Director
Mr Matthew Hirst	England	53 years	May 2009	-	Director
Mr Paul Hammond	United Kingdom	52 years	May 2009	-	Director

P&L

March 2020

turnover

924.9k

+85%

operating profit

-216.9k

gross margin

54.2%

-3.03%

turnover

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

Balance Sheet

March 2020

net assets

125

-1%

total assets

4.2k

-0.99%

cash

-0.12%

net assets

Total assets minus all liabilities

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company number

06904015

Type

Private limited with Share Capital

industry

77330 - Renting and leasing of office machinery and equipment (including computers)

incorporation date

May 2009

ultimate parent company

None

previous names

r s leasing limited (April 2017)

address

2 st katherines court, frome road, bradford-on-avon, wiltshire, BA15 1LE

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.

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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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h2 leasing limited Company Information

h2 leasing limited Estimated Valuation

h2 leasing limited Estimated Valuation

h2 leasing limited Estimated Valuation

H2 Leasing Limited Overview

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H2 LEASING LIMITED financials

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