aftab hire ltd

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aftab hire ltd Company Information

Share AFTAB HIRE LTD

Company Number

07261638

Shareholders

shameen iqbal ali

nasir ali

Group Structure

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Industry

Taxi operation

 

Registered Address

19 st. james park road, southampton, SO16 6HL

Website

-

aftab hire ltd Estimated Valuation

£77.7k

Pomanda estimates the enterprise value of AFTAB HIRE LTD at £77.7k based on a Turnover of £79.2k and 0.98x industry multiple (adjusted for size and gross margin).

aftab hire ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of AFTAB HIRE LTD at £0 based on an EBITDA of £-4.5k and a 8.45x industry multiple (adjusted for size and gross margin).

aftab hire ltd Estimated Valuation

£15.7k

Pomanda estimates the enterprise value of AFTAB HIRE LTD at £15.7k based on Net Assets of £7.3k and 2.13x industry multiple (adjusted for liquidity).

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Aftab Hire Ltd Overview

Aftab Hire Ltd is a live company located in southampton, SO16 6HL with a Companies House number of 07261638. It operates in the taxi operation sector, SIC Code 49320. Founded in May 2010, it's largest shareholder is shameen iqbal ali with a 50% stake. Aftab Hire Ltd is a established, micro sized company, Pomanda has estimated its turnover at £79.2k with declining growth in recent years.

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Aftab Hire Ltd Health Check

Pomanda's financial health check has awarded Aftab Hire Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

1 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £79.2k, make it smaller than the average company (£336.9k)

£79.2k - Aftab Hire Ltd

£336.9k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -40%, show it is growing at a slower rate (22.9%)

-40% - Aftab Hire Ltd

22.9% - Industry AVG

production

Production

with a gross margin of 48.7%, this company has a comparable cost of product (48.7%)

48.7% - Aftab Hire Ltd

48.7% - Industry AVG

profitability

Profitability

an operating margin of -5.7% make it less profitable than the average company (11%)

-5.7% - Aftab Hire Ltd

11% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (4)

1 - Aftab Hire Ltd

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £29.6k, the company has an equivalent pay structure (£29.6k)

£29.6k - Aftab Hire Ltd

£29.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £79.2k, this is equally as efficient (£79.2k)

£79.2k - Aftab Hire Ltd

£79.2k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Aftab Hire Ltd

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Aftab Hire Ltd

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Aftab Hire Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 102 weeks, this is more cash available to meet short term requirements (28 weeks)

102 weeks - Aftab Hire Ltd

28 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 63.3%, this is a higher level of debt than the average (54.6%)

63.3% - Aftab Hire Ltd

54.6% - Industry AVG

AFTAB HIRE LTD financials

EXPORTms excel logo

Aftab Hire Ltd's latest turnover from May 2024 is estimated at £79.2 thousand and the company has net assets of £7.3 thousand. According to their latest financial statements, Aftab Hire Ltd has 1 employee and maintains cash reserves of £20 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011
Turnover79,15380,849361,671374,31753,665104,72046,473104,501102,44048,33022,580168,853160,790
Other Income Or Grants
Cost Of Sales40,63841,745197,837199,27122,67949,87022,55651,88551,07125,94812,78891,63680,850
Gross Profit38,51539,105163,834175,04530,98654,84923,91852,61651,36922,3839,79277,21779,940
Admin Expenses43,04731,776170,957182,70560,52520,11450,6273,16939,62848,18920,294-3,92361,59359,087
Operating Profit-4,5327,329-7,123-7,660-29,539-20,1144,22220,74912,9883,1802,08913,71515,62420,853
Interest Payable8191,100948915458
Interest Receivable98788018025191421875011111511
Pre-Tax Profit-4,3647,109-7,891-8,550-29,977-20,1004,22220,76913,0753,2302,10013,72615,63920,864
Tax-1,777-802-3,946-2,615-646-441-3,157-3,753-5,425
Profit After Tax-4,3645,332-7,891-8,550-29,977-20,1003,42016,82310,4602,5841,65910,56911,88615,439
Dividends Paid
Retained Profit-4,3645,332-7,891-8,550-29,977-20,1003,42016,82310,4602,5841,65910,56911,88615,439
Employee Costs29,60128,39526,53124,27221,74536,32219,32037,35445,54727,31521,51763,62648,586
Number Of Employees1111121221133
EBITDA*-4,5327,4175,3775,7052,13026,8134,22220,74926,44011,61712,38825,58231,07235,453

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011
Tangible Assets8853,45866,823179,49270,91970,72249,60138,80333,74535,60047,46743,800
Intangible Assets
Investments & Other
Debtors (Due After 1 year)40,000
Total Fixed Assets40,0008853,45866,823179,49270,91970,72249,60138,80333,74535,60047,46743,800
Stock & work in progress
Trade Debtors47,00047,00010,6755,1535,3561,927
Group Debtors
Misc Debtors54,500
Cash19,99017,61421,51114,39734,8343,69716,49918,4211,7452,6421,7434,255
misc current assets1
total current assets19,99117,61468,51161,39789,3343,69710,6755,15316,49918,4217,1014,5691,7434,255
total assets19,99157,61468,599114,855156,157183,18981,59475,87566,10057,22440,84640,16949,21048,055
Bank overdraft3,1943,195
Bank loan
Trade Creditors 8,7546,45513,45315,0371,2432,22521,83532,566
Group/Directors Accounts8,87515,32127,010
other short term finances
hp & lease commitments
other current liabilities6,9697,03310,15521,71748,02348,389
total current liabilities10,16310,22810,15530,59263,34475,3998,7546,45513,45315,0371,2432,22521,83532,566
loans2,4885,68212,07215,00015,000
hp & lease commitments
Accruals and Deferred Income
other liabilities30,00040,00055,00055,00055,000
provisions
total long term liabilities2,48835,68252,07270,00070,00055,000
total liabilities12,65145,91062,227100,592133,344130,3998,7546,45513,45315,0371,2432,22521,83532,566
net assets7,34011,7046,37214,26322,81352,79072,84069,42052,64742,18739,60337,94427,37515,489
total shareholders funds7,34011,7046,37214,26322,81352,79072,84069,42052,64742,18739,60337,94427,37515,489
May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011
Operating Activities
Operating Profit-4,5327,329-7,123-7,660-29,539-20,1144,22220,74912,9883,1802,08913,71515,62420,853
Depreciation8812,50013,36531,66946,92713,4528,43710,29911,86715,44814,600
Amortisation
Tax-1,777-802-3,946-2,615-646-441-3,157-3,753-5,425
Stock
Debtors-40,000-7,000-7,50054,500-10,6755,5225,153-5,3563,4291,927
Creditors-8,7542,299-6,998-1,58413,794-982-19,610-10,73132,566
Accruals and Deferred Income-64-3,122-11,562-26,306-36648,389
Deferred Taxes & Provisions
Cash flow from operations35,4049,518-6,185-13,101-52,73677,1231974,65222,24130,1217,53688816,58862,594
Investing Activities
capital expenditure40,87081,000-155,500-197-21,121-24,250-13,495-8,444-19,115-58,400
Change in Investments
cash flow from investments40,87081,000-155,500-197-21,121-24,250-13,495-8,444-19,115-58,400
Financing Activities
Bank loans
Group/Directors Accounts-8,875-6,446-11,68927,010
Other Short Term Loans
Long term loans-3,194-6,390-2,92815,000
Hire Purchase and Lease Commitments
other long term liabilities-30,000-10,000-15,00055,000
share issue50-5050
interest168-220-768-890-4391421875011111511
cash flow from financing-33,026-16,610-27,571-7,3362,87282,074-29875011111561
cash and cash equivalents
cash2,376-3,8977,114-20,43731,1373,697-16,499-1,92216,676-897899-2,5124,255
overdraft-13,195
change in cash2,377-7,0927,114-20,43731,1373,697-16,499-1,92216,676-897899-2,5124,255

aftab hire ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Aftab Hire Ltd Competitor Analysis

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Perform a competitor analysis for aftab hire ltd by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other micro companies, companies in SO16 area or any other competitors across 12 key performance metrics.

aftab hire ltd Ownership

AFTAB HIRE LTD group structure

Aftab Hire Ltd has no subsidiary companies.

Ultimate parent company

AFTAB HIRE LTD

07261638

AFTAB HIRE LTD Shareholders

shameen iqbal ali 50%
nasir ali 50%

aftab hire ltd directors

Aftab Hire Ltd currently has 2 directors. The longest serving directors include Mr Nasir Ali (May 2010) and Mrs Shameen Ali (Feb 2020).

officercountryagestartendrole
Mr Nasir AliEngland33 years May 2010- Director
Mrs Shameen AliEngland33 years Feb 2020- Director

P&L

May 2024

turnover

79.2k

-2%

operating profit

-4.5k

0%

gross margin

48.7%

+0.6%

turnover

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

Balance Sheet

May 2024

net assets

7.3k

-0.37%

total assets

20k

-0.65%

cash

20k

+0.13%

net assets

Total assets minus all liabilities

aftab hire ltd company details

company number

07261638

Type

Private limited with Share Capital

industry

49320 - Taxi operation

incorporation date

May 2010

age

15

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

May 2024

previous names

aftabs hire ltd (January 2025)

accountant

RAPID ACCOUNTANTS LTD

auditor

-

address

19 st. james park road, southampton, SO16 6HL

Bank

-

Legal Advisor

-

aftab hire ltd 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 did not find charges/mortgages relating to aftab hire ltd.

aftab hire ltd 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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aftab hire ltd Companies House Filings - See Documents

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