hire it plant limited
hire it plant limited Company Information
Company Number
08977239
Website
hireitplantandtool.comRegistered Address
sunnybank farm, whitehall road east, bradford, west yorkshire, BD11 2LL
Industry
Renting and leasing of construction and civil engineering machinery and equipment
Telephone
441324623234
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
julie ann romani 33.3%
jenna romani-arnold 33.3%
View Allhire it plant limited Estimated Valuation
Pomanda estimates the enterprise value of HIRE IT PLANT LIMITED at £5 based on a Turnover of £9 and 0.59x industry multiple (adjusted for size and gross margin).
hire it plant limited Estimated Valuation
Pomanda estimates the enterprise value of HIRE IT PLANT LIMITED at £263.9k based on an EBITDA of £107k and a 2.47x industry multiple (adjusted for size and gross margin).
hire it plant limited Estimated Valuation
Pomanda estimates the enterprise value of HIRE IT PLANT LIMITED at £4.3m based on Net Assets of £1.7m and 2.5x industry multiple (adjusted for liquidity).
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Hire It Plant Limited Overview
Hire It Plant Limited is a live company located in bradford, BD11 2LL with a Companies House number of 08977239. It operates in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in April 2014, it's largest shareholder is julie ann romani with a 33.3% stake. Hire It Plant Limited is a established, micro sized company, Pomanda has estimated its turnover at £9.6 with declining growth in recent years.
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Hire It Plant Limited Health Check
Pomanda's financial health check has awarded Hire It Plant Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £9.6, make it smaller than the average company (£12.9m)
- Hire It Plant Limited
£12.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -99%, show it is growing at a slower rate (7.2%)
- Hire It Plant Limited
7.2% - Industry AVG
Production
with a gross margin of 34.4%, this company has a comparable cost of product (34.4%)
- Hire It Plant Limited
34.4% - Industry AVG
Profitability
an operating margin of -1540380.8% make it less profitable than the average company (12.2%)
- Hire It Plant Limited
12.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (70)
- Hire It Plant Limited
70 - Industry AVG
Pay Structure
on an average salary of £43.6k, the company has an equivalent pay structure (£43.6k)
- Hire It Plant Limited
£43.6k - Industry AVG
Efficiency
resulting in sales per employee of £9.6, this is less efficient (£209.9k)
- Hire It Plant Limited
£209.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Hire It Plant Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 116 days, this is slower than average (50 days)
- Hire It Plant Limited
50 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Hire It Plant Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 63 weeks, this is more cash available to meet short term requirements (8 weeks)
63 weeks - Hire It Plant Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 34.4%, this is a lower level of debt than the average (59.7%)
34.4% - Hire It Plant Limited
59.7% - Industry AVG
HIRE IT PLANT LIMITED financials
Hire It Plant Limited's latest turnover from September 2023 is estimated at £10 and the company has net assets of £1.7 million. According to their latest financial statements, we estimate that Hire It Plant Limited has 1 employee and maintains cash reserves of £765.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | 2 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,439,471 | 1,712,457 | 1,784,392 | 1,773,695 | 2,405,760 | 2,961,879 | 1,950,939 | 1,075,008 | 797,002 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 6 | 6 | 6 | 5,005 | 5,005 | 5,005 | 6 | 6 | 6 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,439,477 | 1,712,463 | 1,784,398 | 1,778,700 | 2,410,765 | 2,966,884 | 1,950,945 | 1,075,014 | 797,008 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 774,560 | 36,930 | 1,033,549 | 2,082,380 | 1,236,846 | 1,715,024 | 414,938 | 344,768 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 408,470 | 477,426 | 0 | 1,218,086 | 660,793 | 373,266 | 79,670 | 26,259 | 0 |
| Cash | 765,500 | 318,961 | 320,724 | 25,028 | 134,597 | 414,776 | 101,658 | 32,349 | 157,699 |
| misc current assets | 0 | 0 | 412,416 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,173,970 | 1,570,947 | 770,070 | 2,276,663 | 2,877,770 | 2,024,888 | 1,896,352 | 473,546 | 502,467 |
| total assets | 2,613,447 | 3,283,410 | 2,554,468 | 4,055,363 | 5,288,535 | 4,991,772 | 3,847,297 | 1,548,560 | 1,299,475 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2 | 470,752 | 298,195 | 967,442 | 1,650,471 | 1,007,517 | 1,996,294 | 533,219 | 703,102 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 132,816 | 539,709 | 623,339 | 568,671 | 116,797 | 81,667 | 0 |
| other current liabilities | 626,036 | 650,889 | 71,556 | 913,046 | 1,345,435 | 2,175,598 | 1,149,962 | 435,742 | 0 |
| total current liabilities | 626,038 | 1,121,641 | 502,567 | 2,420,197 | 3,619,245 | 3,751,786 | 3,263,053 | 1,050,628 | 703,102 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 24,612 | 339,726 | 646,790 | 735,919 | 72,786 | 77,000 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18,640 | 58,333 |
| provisions | 273,499 | 327,902 | 339,034 | 225,508 | 251,913 | 152,424 | 159,083 | 147,448 | 135,104 |
| total long term liabilities | 273,499 | 327,902 | 363,646 | 565,234 | 898,703 | 888,343 | 231,869 | 243,088 | 193,437 |
| total liabilities | 899,537 | 1,449,543 | 866,213 | 2,985,431 | 4,517,948 | 4,640,129 | 3,494,922 | 1,293,716 | 896,539 |
| net assets | 1,713,910 | 1,833,867 | 1,688,255 | 1,069,932 | 770,587 | 351,643 | 352,375 | 254,844 | 402,936 |
| total shareholders funds | 1,713,910 | 1,833,867 | 1,688,255 | 1,069,932 | 770,587 | 351,643 | 352,375 | 254,844 | 402,936 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 254,032 | 173,761 | 328,047 | 342,458 | 391,761 | 614,999 | 365,943 | 213,286 | 176,481 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -843,516 | 1,215,056 | -2,214,705 | -491,538 | 1,133,061 | -184,582 | 1,353,497 | 96,429 | 344,768 |
| Creditors | -470,750 | 172,557 | -669,247 | -683,029 | 642,954 | -988,777 | 1,463,075 | -169,883 | 703,102 |
| Accruals and Deferred Income | -24,853 | 579,333 | -841,490 | -432,389 | -830,163 | 1,025,636 | 714,220 | 435,742 | 0 |
| Deferred Taxes & Provisions | -54,403 | -11,132 | 113,526 | -26,405 | 99,489 | -6,659 | 11,635 | 12,344 | 135,104 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | -4,999 | 0 | 0 | 4,999 | 0 | 0 | 6 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | -157,428 | -722,007 | -390,694 | -34,461 | 1,115,007 | 30,916 | 158,667 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -18,640 | -39,693 | 58,333 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 446,539 | -1,763 | 295,696 | -109,569 | -280,179 | 313,118 | 69,309 | -125,350 | 157,699 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 446,539 | -1,763 | 295,696 | -109,569 | -280,179 | 313,118 | 69,309 | -125,350 | 157,699 |
hire it plant limited Credit Report and Business Information
Hire It Plant Limited Competitor Analysis
Perform a competitor analysis for hire it plant limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in BD11 area or any other competitors across 12 key performance metrics.
hire it plant limited Ownership
HIRE IT PLANT LIMITED group structure
Hire It Plant Limited has no subsidiary companies.
Ultimate parent company
HIRE IT PLANT LIMITED
08977239
hire it plant limited directors
Hire It Plant Limited currently has 2 directors. The longest serving directors include Mrs Jenna Romani (Apr 2014) and Mrs Julie Romani (Apr 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Jenna Romani | 39 years | Apr 2014 | - | Director | |
| Mrs Julie Romani | United Kingdom | 60 years | Apr 2014 | - | Director |
P&L
September 2023turnover
9.6
-100%
operating profit
-147.1k
0%
gross margin
34.4%
-2.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
1.7m
-0.07%
total assets
2.6m
-0.2%
cash
765.5k
+1.4%
net assets
Total assets minus all liabilities
hire it plant limited company details
company number
08977239
Type
Private limited with Share Capital
industry
77320 - Renting and leasing of construction and civil engineering machinery and equipment
incorporation date
April 2014
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
N/A
accountant
HAIGH HUDSON
auditor
-
address
sunnybank farm, whitehall road east, bradford, west yorkshire, BD11 2LL
Bank
-
Legal Advisor
-
hire it plant limited 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 hire it plant limited.
hire it plant limited Companies House Filings - See Documents
| date | description | view/download |
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