South West Tool Hire Company Ltd

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south west tool hire company ltd Company Information

Company Number

07657076

Next Accounts

May 2025

Directors

John Wring

Dean Wring

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Shareholders

john wring

dean wring

Group Structure

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Industry

Renting and leasing of construction and civil engineering machinery and equipment

Registered Address

wring group building vale lane, bedminster, bristol, BS3 5RU

Website

www.southwesttoolhire.co.uk

south west tool hire company ltd Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of SOUTH WEST TOOL HIRE COMPANY LTD at £2.4m based on Net Assets of £1.1m and 2.23x industry multiple (adjusted for liquidity).

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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 john wring with a 50% stake. South West Tool Hire Company Ltd is a established, small sized company, Pomanda has estimated its turnover at £3m with rapid growth in recent years.

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Pomanda's financial health check has awarded South West Tool Hire Company Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £3m, make it smaller than the average company (£12.2m)

Growth

3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (6.9%)

EXPORT

South West Tool Hire Company Ltd's latest turnover from August 2023 is estimated at £3 million and the company has net assets of £1.1 million. According to their latest financial statements, South West Tool Hire Company Ltd has 16 employees and maintains cash reserves of £480 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012
Turnover	2,957,698	2,710,511	1,769,288	1,215,051	901,159	773,762	1,084,298	1,026,466	1,140,446	880,097	687,542	341,741
Other Income Or Grants
Cost Of Sales	1,944,568	1,760,282	1,201,096	828,605	613,786	510,660	705,385	678,288	760,165	594,292	504,953	212,604
Gross Profit	1,013,130	950,229	568,193	386,446	287,373	263,103	378,913	348,178	380,281	285,804	182,589	129,137
Admin Expenses	766,378	667,969	216,981	346,429	214,159	267,091	342,902	232,324	272,673	251,456	183,474	52,053
Operating Profit	246,752	282,260	351,212	40,017	73,214	-3,988	36,011	115,854	107,608	34,348	-885	77,084
Interest Payable	3,656	3,294	2,974	1,525
Interest Receivable	21,721	5,925	299	209	917	883	468	444	443	211
Pre-Tax Profit	264,817	284,891	348,537	38,701	74,131	-3,105	36,479	116,298	108,051	34,559	-258	73,269
Tax	-66,204	-54,129	-66,222	-7,353	-14,085		-6,931	-23,259	-21,610	-7,257	-514	-14,654
Profit After Tax	198,613	230,762	282,315	31,348	60,046	-3,105	29,548	93,038	86,441	27,302	-772	58,615
Dividends Paid
Retained Profit	198,613	230,762	282,315	31,348	60,046	-3,105	29,548	93,038	86,441	27,302	-772	58,615
Employee Costs	703,550	672,605	595,600	275,299	277,871	267,879	290,153	279,953	276,456	228,874	194,522	95,752
Number Of Employees	16	16	15	7	7	7	8	8	8	7	6	3
EBITDA*	403,383	476,583	502,196	165,021	126,767	64,556	156,195	231,626	191,166	84,221	15,287	82,298

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012
Tangible Assets	989,522	773,590	504,640	266,130	201,446	177,465	162,597	252,645	199,175	159,418	72,824	25,340
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	989,522	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
Trade Debtors	496,593	549,548	311,565	232,310	175,748	119,323	223,104	211,189	228,771	174,752	252,218	137,582
Group Debtors	174,799	183,281	186,801	3,894	6,228	36,687
Misc Debtors	21,806	9,692	6,612	9,176	16,986	24,280	31,835	37,865			727	221
Cash	479,996	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
total current assets	1,173,194	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	2,162,716	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
Bank loan	10,000	10,000	10,000	3,333
Trade Creditors	417,854	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							35,317	119,000			23,117	22,504
other short term finances
hp & lease commitments	118,644	135,397	101,423	25,467	26,650	13,507	33,949
other current liabilities	71,202	108,631	72,066	28,500	21,156	24,759	49,418	96,299			83,577	29,990
total current liabilities	617,700	628,253	439,609	299,287	172,662	158,089	272,982	433,604	351,831	294,023	297,530	120,316
loans	17,500	27,500	37,500	46,667
hp & lease commitments	210,440	169,538	126,878	56,763	39,631	14,297	5,708
Accruals and Deferred Income
other liabilities								39,658	27,677	11,360
provisions	222,725	162,725	83,699									300
total long term liabilities	450,665	359,763	248,077	103,430	39,631	14,297	5,708	39,658	27,677	11,360		300
total liabilities	1,068,365	988,016	687,686	402,717	212,293	172,386	278,690	473,262	379,508	305,383	297,530	120,616
net assets	1,094,351	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	1,094,351	895,738	664,976	382,661	351,313	291,267	294,372	264,824	171,786	85,345	58,043	58,815

	Aug 2023	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	246,752	282,260	351,212	40,017	73,214	-3,988	36,011	115,854	107,608	34,348	-885	77,084
Depreciation	156,631	194,323	150,984	125,004	53,553	68,544	120,184	115,772	83,558	49,873	16,172	5,214
Amortisation
Tax	-66,204	-54,129	-66,222	-7,353	-14,085		-6,931	-23,259	-21,610	-7,257	-514	-14,654
Stock	-20,158	6,737	8,405	-8,584	2,526	-3,812	11,990	1,220	761	-99	1,014
Debtors	-49,323	237,543	259,598	46,418	18,672	-74,649	5,885	20,283	54,019	-78,193	115,142	137,803
Creditors	43,629	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	-37,429	36,565	43,566	7,344	-3,603	-24,659	-46,881	96,299		-83,577	53,587	29,990
Deferred Taxes & Provisions	60,000	79,026	83,699								-300	300
Cash flow from operations	472,860	411,870	309,369	244,309	92,914	83,883	20,501	149,637	172,584	174,866	74,918	27,953
Investing Activities
capital expenditure	-372,563	-463,273	-389,494	-189,688	-77,534	-83,412	-30,136	-169,242	-123,315	-136,467	-63,656	-30,554
Change in Investments
cash flow from investments	-372,563	-463,273	-389,494	-189,688	-77,534	-83,412	-30,136	-169,242	-123,315	-136,467	-63,656	-30,554
Financing Activities
Bank loans			6,667	3,333
Group/Directors Accounts						-35,317	-83,683	119,000		-23,117	613	22,504
Other Short Term Loans
Long term loans	-10,000	-10,000	-9,167	46,667
Hire Purchase and Lease Commitments	24,149	76,634	146,071	15,949	38,477	-11,853	39,657
other long term liabilities							-39,658	11,981	16,317	11,360
share issue												200
interest	18,065	2,631	-2,675	-1,316	917	883	468	444	443	211
cash flow from financing	32,214	69,265	140,896	64,633	39,394	-46,287	-83,216	131,425	16,760	-11,546	613	22,704
cash and cash equivalents
cash	132,511	17,862	60,771	119,254	54,774	-45,816	-92,851	111,819	66,029	26,853	12,502	16,288
overdraft
change in cash	132,511	17,862	60,771	119,254	54,774	-45,816	-92,851	111,819	66,029	26,853	12,502	16,288

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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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 Shareholders

john wring	50%
dean wring	50%

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	59 years	Jun 2011	-	Director
Mr Dean Wring	England	55 years	Jun 2011	-	Director
Mr Lee Edwards	United Kingdom	48 years	Nov 2013	-	Director

P&L

August 2023

turnover

+9%

operating profit

246.8k

gross margin

34.3%

-2.29%

turnover

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

Balance Sheet

August 2023

net assets

1.1m

+0.22%

total assets

2.2m

+0.15%

cash

480k

+0.38%

net assets

Total assets minus all liabilities

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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

ultimate parent company

None

previous names

N/A

address

wring group building vale lane, bedminster, bristol, BS3 5RU

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south west tool hire company ltd Company Information

south west tool hire company ltd Estimated Valuation

south west tool hire company ltd Estimated Valuation

south west tool hire company ltd Estimated Valuation

South West Tool Hire Company Ltd Overview

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SOUTH WEST TOOL HIRE COMPANY LTD financials

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