south west tool hire company ltd
south west tool hire company ltd Company Information
Company Number
07657076
Website
www.southwesttoolhire.co.ukRegistered Address
wring group building vale lane, bedminster, bristol, BS3 5RU
Industry
Renting and leasing of construction and civil engineering machinery and equipment
Telephone
01179531216
Next Accounts Due
13 days late
Group Structure
View All
Shareholders
dean wring 50%
john wring 50%
south west tool hire company ltd Estimated Valuation
Pomanda estimates the enterprise value of SOUTH WEST TOOL HIRE COMPANY LTD at £2.1m based on a Turnover of £2.7m and 0.79x industry multiple (adjusted for size and gross margin).
south west tool hire company ltd Estimated Valuation
Pomanda estimates the enterprise value of SOUTH WEST TOOL HIRE COMPANY LTD at £1.3m based on an EBITDA of £476.6k and a 2.71x industry multiple (adjusted for size and gross margin).
south west tool hire company ltd Estimated Valuation
Pomanda estimates the enterprise value of SOUTH WEST TOOL HIRE COMPANY LTD at £2.2m based on Net Assets of £895.7k and 2.48x industry multiple (adjusted for liquidity).
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South West Tool Hire Company Ltd Overview
South West Tool Hire Company Ltd is a live company located in bristol, BS3 5RU with a Companies House number of 07657076. It operates in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in June 2011, it's largest shareholder is dean wring with a 50% stake. South West Tool Hire Company Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.7m with rapid growth in recent years.
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South West Tool Hire Company Ltd Health Check
Pomanda's financial health check has awarded South West Tool Hire Company Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £2.7m, make it smaller than the average company (£12.2m)
- South West Tool Hire Company Ltd
£12.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 43%, show it is growing at a faster rate (4.1%)
- South West Tool Hire Company Ltd
4.1% - Industry AVG
Production
with a gross margin of 35.1%, this company has a comparable cost of product (35.1%)
- South West Tool Hire Company Ltd
35.1% - Industry AVG
Profitability
an operating margin of 10.7% make it as profitable than the average company (13.1%)
- South West Tool Hire Company Ltd
13.1% - Industry AVG
Employees
with 16 employees, this is below the industry average (70)
16 - South West Tool Hire Company Ltd
70 - Industry AVG
Pay Structure
on an average salary of £41.3k, the company has an equivalent pay structure (£41.3k)
- South West Tool Hire Company Ltd
£41.3k - Industry AVG
Efficiency
resulting in sales per employee of £165.6k, this is equally as efficient (£191.7k)
- South West Tool Hire Company Ltd
£191.7k - Industry AVG
Debtor Days
it gets paid by customers after 75 days, this is later than average (62 days)
- South West Tool Hire Company Ltd
62 days - Industry AVG
Creditor Days
its suppliers are paid after 79 days, this is slower than average (48 days)
- South West Tool Hire Company Ltd
48 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (7 days)
- South West Tool Hire Company Ltd
7 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 28 weeks, this is more cash available to meet short term requirements (8 weeks)
28 weeks - South West Tool Hire Company Ltd
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.5%, this is a lower level of debt than the average (61.2%)
52.5% - South West Tool Hire Company Ltd
61.2% - Industry AVG
south west tool hire company ltd Credit Report and Business Information
South West Tool Hire Company Ltd Competitor Analysis
Perform a competitor analysis for south west tool hire company ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
south west tool hire company ltd Ownership
SOUTH WEST TOOL HIRE COMPANY LTD group structure
South West Tool Hire Company Ltd has no subsidiary companies.
Ultimate parent company
SOUTH WEST TOOL HIRE COMPANY LTD
07657076
south west tool hire company ltd directors
South West Tool Hire Company Ltd currently has 3 directors. The longest serving directors include Mr John Wring (Jun 2011) and Mr Dean Wring (Jun 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Wring | United Kingdom | 58 years | Jun 2011 | - | Director |
| Mr Dean Wring | England | 54 years | Jun 2011 | - | Director |
| Mr Lee Edwards | United Kingdom | 47 years | Nov 2013 | - | Director |
SOUTH WEST TOOL HIRE COMPANY LTD financials
South West Tool Hire Company Ltd's latest turnover from August 2022 is estimated at £2.7 million and the company has net assets of £895.7 thousand. According to their latest financial statements, South West Tool Hire Company Ltd has 16 employees and maintains cash reserves of £347.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 687,542 | 341,741 | |||||||||
| Other Income Or Grants | 0 | 0 | |||||||||
| Cost Of Sales | 504,953 | 212,604 | |||||||||
| Gross Profit | 182,589 | 129,137 | |||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | 0 | 0 | |||||||||
| Interest Receivable | 0 | 0 | |||||||||
| Pre-Tax Profit | -258 | 73,269 | |||||||||
| Tax | -514 | -14,654 | |||||||||
| Profit After Tax | -772 | 58,615 | |||||||||
| Dividends Paid | 0 | 0 | |||||||||
| Retained Profit | -772 | 58,615 | |||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 16 | 15 | 7 | 7 | 7 | 8 | 8 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 773,590 | 504,640 | 266,130 | 201,446 | 177,465 | 162,597 | 252,645 | 199,175 | 159,418 | 72,824 | 25,340 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 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 | 773,590 | 504,640 | 266,130 | 201,446 | 177,465 | 162,597 | 252,645 | 199,175 | 159,418 | 72,824 | 25,340 |
| Stock & work in progress | 20,158 | 13,421 | 5,016 | 13,600 | 11,074 | 14,886 | 2,896 | 1,676 | 915 | 1,014 | 0 |
| Trade Debtors | 549,548 | 311,565 | 232,310 | 175,748 | 119,323 | 223,104 | 211,189 | 228,771 | 174,752 | 252,218 | 137,582 |
| Group Debtors | 183,281 | 186,801 | 3,894 | 6,228 | 36,687 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 9,692 | 6,612 | 9,176 | 16,986 | 24,280 | 31,835 | 37,865 | 0 | 0 | 727 | 221 |
| Cash | 347,485 | 329,623 | 268,852 | 149,598 | 94,824 | 140,640 | 233,491 | 121,672 | 55,643 | 28,790 | 16,288 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,110,164 | 848,022 | 519,248 | 362,160 | 286,188 | 410,465 | 485,441 | 352,119 | 231,310 | 282,749 | 154,091 |
| total assets | 1,883,754 | 1,352,662 | 785,378 | 563,606 | 463,653 | 573,062 | 738,086 | 551,294 | 390,728 | 355,573 | 179,431 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 10,000 | 10,000 | 3,333 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 374,225 | 256,120 | 241,987 | 124,856 | 119,823 | 154,298 | 218,305 | 351,831 | 294,023 | 190,836 | 67,822 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 35,317 | 119,000 | 0 | 0 | 23,117 | 22,504 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 135,397 | 101,423 | 25,467 | 26,650 | 13,507 | 33,949 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 108,631 | 72,066 | 28,500 | 21,156 | 24,759 | 49,418 | 96,299 | 0 | 0 | 83,577 | 29,990 |
| total current liabilities | 628,253 | 439,609 | 299,287 | 172,662 | 158,089 | 272,982 | 433,604 | 351,831 | 294,023 | 297,530 | 120,316 |
| loans | 27,500 | 37,500 | 46,667 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 169,538 | 126,878 | 56,763 | 39,631 | 14,297 | 5,708 | 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 | 39,658 | 27,677 | 11,360 | 0 | 0 |
| provisions | 162,725 | 83,699 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 300 |
| total long term liabilities | 359,763 | 248,077 | 103,430 | 39,631 | 14,297 | 5,708 | 39,658 | 27,677 | 11,360 | 0 | 300 |
| total liabilities | 988,016 | 687,686 | 402,717 | 212,293 | 172,386 | 278,690 | 473,262 | 379,508 | 305,383 | 297,530 | 120,616 |
| net assets | 895,738 | 664,976 | 382,661 | 351,313 | 291,267 | 294,372 | 264,824 | 171,786 | 85,345 | 58,043 | 58,815 |
| total shareholders funds | 895,738 | 664,976 | 382,661 | 351,313 | 291,267 | 294,372 | 264,824 | 171,786 | 85,345 | 58,043 | 58,815 |
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 194,323 | 150,984 | 125,004 | 53,553 | 68,544 | 120,184 | 115,772 | 83,558 | 49,873 | 16,172 | 5,214 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -514 | -14,654 | |||||||||
| Stock | 6,737 | 8,405 | -8,584 | 2,526 | -3,812 | 11,990 | 1,220 | 761 | -99 | 1,014 | 0 |
| Debtors | 237,543 | 259,598 | 46,418 | 18,672 | -74,649 | 5,885 | 20,283 | 54,019 | -78,193 | 115,142 | 137,803 |
| Creditors | 118,105 | 14,133 | 117,131 | 5,033 | -34,475 | -64,007 | -133,526 | 57,808 | 103,187 | 123,014 | 67,822 |
| Accruals and Deferred Income | 36,565 | 43,566 | 7,344 | -3,603 | -24,659 | -46,881 | 96,299 | 0 | -83,577 | 53,587 | 29,990 |
| Deferred Taxes & Provisions | 79,026 | 83,699 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -300 | 300 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 6,667 | 3,333 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -35,317 | -83,683 | 119,000 | 0 | -23,117 | 613 | 22,504 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -10,000 | -9,167 | 46,667 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 76,634 | 146,071 | 15,949 | 38,477 | -11,853 | 39,657 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -39,658 | 11,981 | 16,317 | 11,360 | 0 | 0 |
| share issue | |||||||||||
| interest | 0 | 0 | |||||||||
| cash flow from financing | 613 | 22,704 | |||||||||
| cash and cash equivalents | |||||||||||
| cash | 17,862 | 60,771 | 119,254 | 54,774 | -45,816 | -92,851 | 111,819 | 66,029 | 26,853 | 12,502 | 16,288 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 17,862 | 60,771 | 119,254 | 54,774 | -45,816 | -92,851 | 111,819 | 66,029 | 26,853 | 12,502 | 16,288 |
P&L
August 2022turnover
2.7m
+53%
operating profit
282.3k
0%
gross margin
35.2%
+9.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2022net assets
895.7k
+0.35%
total assets
1.9m
+0.39%
cash
347.5k
+0.05%
net assets
Total assets minus all liabilities
south west tool hire company ltd company details
company number
07657076
Type
Private limited with Share Capital
industry
77320 - Renting and leasing of construction and civil engineering machinery and equipment
incorporation date
June 2011
age
13
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
wring group building vale lane, bedminster, bristol, BS3 5RU
last accounts submitted
August 2022
south west tool hire company 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 south west tool hire company ltd.
south west tool hire company ltd Companies House Filings - See Documents
| date | description | view/download |
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