M & I Vehicle Hire Limited

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m & i vehicle hire limited Company Information

Company Number

09007021

Next Accounts

Jan 2026

Directors

Ian Nash

Martin Hough

Shareholders

ian nash

martin hough

Group Structure

View All

Industry

Renting and leasing of cars and light motor vehicles

Registered Address

58 high street, caergwrle, wrexham, LL12 9LL

Website

www.mivehiclehire.co.uk

m & i vehicle hire limited Estimated Valuation

£209.5k

Pomanda estimates the enterprise value of M & I VEHICLE HIRE LIMITED at £209.5k based on a Turnover of £352.5k and 0.59x industry multiple (adjusted for size and gross margin).

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M & I Vehicle Hire Limited is a live company located in wrexham, LL12 9LL with a Companies House number of 09007021. It operates in the renting and leasing of cars and light motor vehicles sector, SIC Code 77110. Founded in April 2014, it's largest shareholder is ian nash with a 50% stake. M & I Vehicle Hire Limited is a established, micro sized company, Pomanda has estimated its turnover at £352.5k with healthy growth in recent years.

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Pomanda's financial health check has awarded M & I Vehicle Hire Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £352.5k, make it smaller than the average company (£14.1m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (12.6%)

EXPORT

M & I Vehicle Hire Limited's latest turnover from April 2024 is estimated at £352.5 thousand and the company has net assets of -£7.3 thousand. According to their latest financial statements, M & I Vehicle Hire Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015
Turnover	352,524	335,256	440,407	288,804	388,044	593,585	655,727	365,719	310,519	190,015
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	288,521	271,627	361,615	254,561	328,391	494,122	540,000	295,140	251,259	159,718
Gross Profit	64,003	63,629	78,792	34,243	59,653	99,463	115,727	70,580	59,260	30,297
Admin Expenses	107,303	73,354	23,581	-154,880	104,495	93,161	257,227	45,105	37,526	39,302
Operating Profit	-43,300	-9,725	55,211	189,123	-44,842	6,302	-141,500	25,475	21,734	-9,005
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	10	33	13
Pre-Tax Profit	-43,300	-9,725	55,211	189,123	-44,842	6,302	-141,500	25,485	21,768	-8,992
Tax	0	0	-10,490	-35,933	0	-1,197	0	-4,842	-4,353	0
Profit After Tax	-43,300	-9,725	44,721	153,190	-44,842	5,105	-141,500	20,643	17,414	-8,992
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-43,300	-9,725	44,721	153,190	-44,842	5,105	-141,500	20,643	17,414	-8,992
Employee Costs	132,382	122,721	154,191	137,170	105,864	106,702	67,898	34,026	32,696	30,500
Number Of Employees	3	3	4	4	3	3	2	1	1	1
EBITDA*	-43,300	-9,725	55,211	189,123	-44,842	6,302	-141,500	25,475	39,685	-2,385

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015
Tangible Assets	206,760	52,983	16,910	20,546	28,378	71,698	68,597	112,177	53,853	19,861
Intangible Assets	0	0	0	0	0	0	0	0	20,000	20,000
Investments & Other	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
Total Fixed Assets	206,760	52,983	16,910	20,546	28,378	71,698	68,597	112,177	73,853	39,861
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	13,661	71,120	134,512	83,678	4,103	90,186	62,038	50,440	31,220	25,000
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	53,356	32,662	0	0	12,760	0	0	0	0	6,797
Cash	0	0	0	0	0	0	0	0	8,229	5,155
misc current assets	0	0	0	0	0	725	0	0	0	0
total current assets	67,017	103,782	134,512	83,678	16,863	90,911	62,038	50,440	39,449	36,952
total assets	273,777	156,765	151,422	104,224	45,241	162,609	130,635	162,617	113,302	76,813
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	111,952	53,497	71,934	34,142	194,180	267,989	241,370	133,552	104,878	85,803
Group/Directors Accounts	0	0	0	15,348	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0
total current liabilities	111,952	53,497	71,934	49,490	194,180	267,989	241,370	133,552	104,878	85,803
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	2,699	3,695	2,916	12,883	3,233	1,950	1,700	0	0	0
other liabilities	166,412	63,559	30,833	40,833	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	169,111	67,254	33,749	53,716	3,233	1,950	1,700	0	0	0
total liabilities	281,063	120,751	105,683	103,206	197,413	269,939	243,070	133,552	104,878	85,803
net assets	-7,286	36,014	45,739	1,018	-152,172	-107,330	-112,435	29,065	8,424	-8,990
total shareholders funds	-7,286	36,014	45,739	1,018	-152,172	-107,330	-112,435	29,065	8,424	-8,990

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015
Operating Activities
Operating Profit	-43,300	-9,725	55,211	189,123	-44,842	6,302	-141,500	25,475	21,734	-9,005
Depreciation	0	0	0	0	0	0	0	0	17,951	6,620
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-10,490	-35,933	0	-1,197	0	-4,842	-4,353	0
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	-36,765	-30,730	50,834	66,815	-73,323	28,148	11,598	19,220	-577	31,797
Creditors	58,455	-18,437	37,792	-160,038	-73,809	26,619	107,818	28,674	19,075	85,803
Accruals and Deferred Income	-996	779	-9,967	9,650	1,283	250	1,700	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	50,924	3,347	21,712	-64,013	-44,045	3,826	-43,580	30,087	54,984	51,621
Investing Activities
capital expenditure	-153,777	-36,073	3,636	7,832	43,320	-3,101	43,580	-38,324	-51,943	-46,481
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-153,777	-36,073	3,636	7,832	43,320	-3,101	43,580	-38,324	-51,943	-46,481
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-15,348	15,348	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	102,853	32,726	-10,000	40,833	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-2	0	2
interest	0	0	0	0	0	0	0	10	33	13
cash flow from financing	102,853	32,726	-25,348	56,181	0	0	0	8	33	15
cash and cash equivalents
cash	0	0	0	0	0	0	0	-8,229	3,074	5,155
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-8,229	3,074	5,155

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for m & i vehicle hire limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in LL12 area or any other competitors across 12 key performance metrics.

M & I VEHICLE HIRE LIMITED group structure

M & I Vehicle Hire Limited has no subsidiary companies.

Ultimate parent company

M & I VEHICLE HIRE LIMITED

09007021

M & I VEHICLE HIRE LIMITED Shareholders

ian nash	50%
martin hough	50%

M & I Vehicle Hire Limited currently has 2 directors. The longest serving directors include Mr Ian Nash (Apr 2014) and Mr Martin Hough (Apr 2014).

officer	country	age	start	end	role
Mr Ian Nash	United Kingdom	60 years	Apr 2014	-	Director
Mr Martin Hough	Wales	56 years	Apr 2014	-	Director

P&L

April 2024

turnover

352.5k

+5%

operating profit

-43.3k

gross margin

18.2%

-4.34%

turnover

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

Balance Sheet

April 2024

net assets

-7.3k

-1.2%

total assets

273.8k

+0.75%

cash

net assets

Total assets minus all liabilities

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company number

09007021

Type

Private limited with Share Capital

industry

77110 - Renting and leasing of cars and light motor vehicles

incorporation date

April 2014

ultimate parent company

None

previous names

N/A

address

58 high street, caergwrle, wrexham, LL12 9LL

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.

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m & i vehicle hire limited Company Information

m & i vehicle hire limited Estimated Valuation

m & i vehicle hire limited Estimated Valuation

m & i vehicle hire limited Estimated Valuation

M & I Vehicle Hire Limited Overview

M & I Vehicle Hire Limited Health Check

M & I VEHICLE HIRE LIMITED financials

m & i vehicle hire limited Credit Report and Business Information

M & I Vehicle Hire Limited Competitor Analysis

m & i vehicle hire limited Ownership

m & i vehicle hire limited directors

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m & i vehicle hire limited Charges & Mortgages

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m & i vehicle hire limited Companies House Filings - See Documents