ready-rent ltd
ready-rent ltd Company Information
Company Number
07987444
Next Accounts
38 days late
Directors
Shareholders
james thomas beazley
Group Structure
View All
Industry
Renting and leasing of construction and civil engineering machinery and equipment
Registered Address
unit 10 clifton centre, spring lane south, malvern, worcestershire, WR14 1BJ
Website
www.ready-rent.co.ukready-rent ltd Estimated Valuation
Pomanda estimates the enterprise value of READY-RENT LTD at £143.6k based on a Turnover of £254.1k and 0.57x industry multiple (adjusted for size and gross margin).
ready-rent ltd Estimated Valuation
Pomanda estimates the enterprise value of READY-RENT LTD at £341.1k based on an EBITDA of £107.3k and a 3.18x industry multiple (adjusted for size and gross margin).
ready-rent ltd Estimated Valuation
Pomanda estimates the enterprise value of READY-RENT LTD at £658.6k based on Net Assets of £295.1k and 2.23x industry multiple (adjusted for liquidity).
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Ready-rent Ltd Overview
Ready-rent Ltd is a live company located in malvern, WR14 1BJ with a Companies House number of 07987444. It operates in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in March 2012, it's largest shareholder is james thomas beazley with a 100% stake. Ready-rent Ltd is a established, micro sized company, Pomanda has estimated its turnover at £254.1k with healthy growth in recent years.
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Ready-rent Ltd Health Check
Pomanda's financial health check has awarded Ready-Rent Ltd a 4.5 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
5 Strong
2 Regular
5 Weak
Size
annual sales of £254.1k, make it smaller than the average company (£11.9m)
- Ready-rent Ltd
£11.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (5.8%)
- Ready-rent Ltd
5.8% - Industry AVG
Production
with a gross margin of 34.5%, this company has a comparable cost of product (34.5%)
- Ready-rent Ltd
34.5% - Industry AVG
Profitability
an operating margin of 31.1% make it more profitable than the average company (11.5%)
- Ready-rent Ltd
11.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (60)
3 - Ready-rent Ltd
60 - Industry AVG
Pay Structure
on an average salary of £43.7k, the company has an equivalent pay structure (£43.7k)
- Ready-rent Ltd
£43.7k - Industry AVG
Efficiency
resulting in sales per employee of £84.7k, this is less efficient (£212.4k)
- Ready-rent Ltd
£212.4k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is earlier than average (60 days)
- Ready-rent Ltd
60 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (54 days)
- Ready-rent Ltd
54 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (10 days)
- Ready-rent Ltd
10 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (10 weeks)
4 weeks - Ready-rent Ltd
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 48.7%, this is a lower level of debt than the average (56.5%)
48.7% - Ready-rent Ltd
56.5% - Industry AVG
READY-RENT LTD financials
Ready-Rent Ltd's latest turnover from April 2023 is estimated at £254.1 thousand and the company has net assets of £295.1 thousand. According to their latest financial statements, Ready-Rent Ltd has 3 employees and maintains cash reserves of £7.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | |||||||||||
| Tax | |||||||||||
| Profit After Tax | |||||||||||
| Dividends Paid | |||||||||||
| Retained Profit | |||||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 3 | 3 | 3 | 3 | 3 | 3 | 3 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 541,158 | 480,420 | 469,006 | 397,671 | 316,531 | 299,275 | 291,876 | 290,753 | 223,781 | 149,054 | 90,895 |
| Intangible Assets | |||||||||||
| Investments & Other | |||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 541,158 | 480,420 | 469,006 | 397,671 | 316,531 | 299,275 | 291,876 | 290,753 | 223,781 | 149,054 | 90,895 |
| Stock & work in progress | 800 | 800 | 790 | 830 | 834 | 584 | 555 | 524 | 512 | 508 | 1,050 |
| Trade Debtors | 25,357 | 38,716 | 31,124 | 8,742 | 63,314 | 59,741 | 65,683 | 50,447 | 39,801 | 27,609 | 20,794 |
| Group Debtors | |||||||||||
| Misc Debtors | 219 | 2,034 | 136 | 1,855 | 1,918 | ||||||
| Cash | 7,077 | 9,304 | 26,456 | 17,071 | 9,164 | 4,000 | 5,897 | 1,647 | 9,021 | 3,701 | 1,001 |
| misc current assets | 454 | 310 | 4,069 | 1,497 | 1,322 | 290 | |||||
| total current assets | 33,453 | 50,854 | 58,506 | 28,498 | 75,230 | 64,779 | 72,445 | 56,687 | 50,831 | 33,140 | 23,135 |
| total assets | 574,611 | 531,274 | 527,512 | 426,169 | 391,761 | 364,054 | 364,321 | 347,440 | 274,612 | 182,194 | 114,030 |
| Bank overdraft | 6,918 | 6,000 | 5,500 | 5,967 | 3,929 | 5,159 | |||||
| Bank loan | |||||||||||
| Trade Creditors | 6,349 | 17,782 | 2,928 | 3,308 | 19,370 | 13,828 | 14,876 | 9,210 | 49,224 | 33,801 | 27,814 |
| Group/Directors Accounts | |||||||||||
| other short term finances | |||||||||||
| hp & lease commitments | 51,296 | 40,289 | 38,951 | 31,508 | 38,600 | 48,254 | 56,215 | 53,098 | |||
| other current liabilities | 15,353 | 7,169 | 8,334 | 14,667 | 16,643 | 14,795 | 13,832 | 7,705 | |||
| total current liabilities | 79,916 | 71,240 | 55,713 | 49,483 | 80,580 | 80,806 | 90,082 | 70,013 | 49,224 | 33,801 | 27,814 |
| loans | 12,500 | 45,206 | 60,779 | 65,713 | 67,062 | 75,057 | 81,220 | ||||
| hp & lease commitments | 84,318 | 85,301 | 83,760 | 58,926 | 27,519 | 54,316 | 95,894 | 142,437 | |||
| Accruals and Deferred Income | |||||||||||
| other liabilities | 76,227 | 196,822 | 124,398 | 84,586 | |||||||
| provisions | 102,820 | 91,358 | 89,111 | 75,557 | 57,809 | 45,729 | 42,957 | 27,826 | 16,286 | 13,079 | |
| total long term liabilities | 199,638 | 221,865 | 233,650 | 200,196 | 152,390 | 176,272 | 213,908 | 251,483 | 213,108 | 137,477 | 84,586 |
| total liabilities | 279,554 | 293,105 | 289,363 | 249,679 | 232,970 | 257,078 | 303,990 | 321,496 | 262,332 | 171,278 | 112,400 |
| net assets | 295,057 | 238,169 | 238,149 | 176,490 | 158,791 | 106,976 | 60,331 | 25,944 | 12,280 | 10,916 | 1,630 |
| total shareholders funds | 295,057 | 238,169 | 238,149 | 176,490 | 158,791 | 106,976 | 60,331 | 25,944 | 12,280 | 10,916 | 1,630 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 28,161 | 26,259 | 25,734 | 19,778 | 16,659 | 15,752 | 15,362 | 15,517 | 11,976 | 8,034 | 6,286 |
| Amortisation | |||||||||||
| Tax | |||||||||||
| Stock | 10 | -40 | -4 | 250 | 29 | 31 | 12 | 4 | -542 | 1,050 | |
| Debtors | -15,174 | 9,490 | 20,663 | -54,635 | 5,491 | -5,942 | 15,236 | 10,646 | 12,192 | 6,815 | 20,794 |
| Creditors | -11,433 | 14,854 | -380 | -16,062 | 5,542 | -1,048 | 5,666 | -40,014 | 15,423 | 5,987 | 27,814 |
| Accruals and Deferred Income | 8,184 | -1,165 | -6,333 | -1,976 | 1,848 | 963 | 6,127 | 7,705 | |||
| Deferred Taxes & Provisions | 11,462 | 2,247 | 13,554 | 17,748 | 12,080 | 2,772 | 15,131 | 11,540 | 3,207 | 13,079 | |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | |||||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | |||||||||||
| Other Short Term Loans | |||||||||||
| Long term loans | -32,706 | -15,573 | -4,934 | -1,349 | 67,062 | -75,057 | -6,163 | 81,220 | |||
| Hire Purchase and Lease Commitments | 10,024 | 2,879 | 32,277 | 24,315 | -36,451 | -49,539 | -43,426 | 195,535 | |||
| other long term liabilities | -76,227 | 76,227 | -196,822 | 72,424 | 39,812 | 84,586 | |||||
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | -2,227 | -17,152 | 9,385 | 7,907 | 5,164 | -1,897 | 4,250 | -7,374 | 5,320 | 2,700 | 1,001 |
| overdraft | 918 | 500 | 5,500 | -5,967 | 2,038 | -1,230 | 5,159 | ||||
| change in cash | -3,145 | -17,652 | 3,885 | 13,874 | 3,126 | -667 | -909 | -7,374 | 5,320 | 2,700 | 1,001 |
ready-rent ltd Credit Report and Business Information
Ready-rent Ltd Competitor Analysis
Perform a competitor analysis for ready-rent ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in WR14 area or any other competitors across 12 key performance metrics.
ready-rent ltd Ownership
READY-RENT LTD group structure
Ready-Rent Ltd has no subsidiary companies.
Ultimate parent company
READY-RENT LTD
07987444
ready-rent ltd directors
Ready-Rent Ltd currently has 1 director, Mr James Beazley serving since Mar 2012.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Beazley | England | 51 years | Mar 2012 | - | Director |
P&L
April 2023turnover
254.1k
-10%
operating profit
79.1k
0%
gross margin
34.5%
+0.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
295.1k
+0.24%
total assets
574.6k
+0.08%
cash
7.1k
-0.24%
net assets
Total assets minus all liabilities
ready-rent ltd company details
company number
07987444
Type
Private limited with Share Capital
industry
77320 - Renting and leasing of construction and civil engineering machinery and equipment
incorporation date
March 2012
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2023
previous names
N/A
accountant
MATTHEW SQUIRE & COMPANY LIMITED
auditor
-
address
unit 10 clifton centre, spring lane south, malvern, worcestershire, WR14 1BJ
Bank
-
Legal Advisor
-
ready-rent 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 ready-rent ltd.
ready-rent 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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ready-rent ltd Companies House Filings - See Documents
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