Croft Hire Ltd

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croft hire ltd Company Information

Company Number

09019878

Next Accounts

Feb 2025

Directors

Michael Robinson

Stephen Meadowcroft

Shareholders

carol robinson

kath coupe

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Group Structure

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Industry

Renting and leasing of cars and light motor vehicles

Registered Address

unit 6 duttons way, shadsworth business park, blackburn, BB1 2QR

Website

croft hire ltd Estimated Valuation

£207.7k

Pomanda estimates the enterprise value of CROFT HIRE LTD at £207.7k based on a Turnover of £352k and 0.59x industry multiple (adjusted for size and gross margin).

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Croft Hire Ltd is a dissolved company that was located in blackburn, BB1 2QR with a Companies House number of 09019878. It operated in the renting and leasing of cars and light motor vehicles sector, SIC Code 77110. Founded in May 2014, it's largest shareholder was carol robinson with a 25% stake. The last turnover for Croft Hire Ltd was estimated at £352k.

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Pomanda's financial health check has awarded Croft Hire Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £352k, make it smaller than the average company (£8.4m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (3.2%)

EXPORT

Croft Hire Ltd's latest turnover from May 2022 is estimated at £352 thousand and the company has net assets of £63.1 thousand. According to their latest financial statements, Croft Hire Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015
Turnover	351,990	439,935	204,026	278,101	283,414	254,055	91,444	43,217
Other Income Or Grants	0	0	0	0	0	0	0	0
Cost Of Sales	289,161	386,366	172,401	230,353	231,150	205,204	73,634	35,542
Gross Profit	62,829	53,568	31,625	47,749	52,264	48,851	17,810	7,676
Admin Expenses	151,444	33,207	-32,452	8,646	10,674	59,128	1,945	-15,325
Operating Profit	-88,615	20,361	64,077	39,103	41,590	-10,277	15,865	23,001
Interest Payable	0	1,525	1,525	0	384	369	0	0
Interest Receivable	0	55	61	80	23	7	62	47
Pre-Tax Profit	-88,615	18,891	62,614	39,183	41,228	-10,639	15,926	23,048
Tax	0	-3,589	-11,897	-7,445	-7,833	0	-3,185	-4,609
Profit After Tax	-88,615	15,302	50,717	31,738	33,395	-10,639	12,741	18,438
Dividends Paid	0	0	0	0	0	0	0	0
Retained Profit	-88,615	15,302	50,717	31,738	33,395	-10,639	12,741	18,438
Employee Costs	76,691	67,233	105,130	106,702	100,162	102,562	33,052	30,811
Number Of Employees	2	2	3	3	3	3	1	1
EBITDA*	-88,615	91,848	130,607	107,071	111,354	61,734	32,481	23,001

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015
Tangible Assets	29,370	400,594	385,106	451,636	519,604	589,368	343,664	0
Intangible Assets	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0
Total Fixed Assets	29,370	400,594	385,106	451,636	519,604	589,368	343,664	0
Stock & work in progress	0	0	0	0	0	0	0	0
Trade Debtors	114,368	84,217	49,064	75,952	66,072	61,526	21,133	11,129
Group Debtors	0	0	0	0	0	0	0	0
Misc Debtors	0	0	1,147	2,856	1,668	3,249	62,919	0
Cash	0	0	110,400	12,197	9,023	0	5,962	18,639
misc current assets	0	0	0	0	0	0	0	0
total current assets	114,368	84,217	160,611	91,005	76,763	64,775	90,014	29,768
total assets	143,738	484,811	545,717	542,641	596,367	654,143	433,678	29,768
Bank overdraft	0	0	50,000	0	0	11,813	0	0
Bank loan	0	0	0	0	0	0	0	0
Trade Creditors	80,661	160,660	14,708	33,279	17,440	20,619	19,666	11,327
Group/Directors Accounts	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	92,504	95,138	95,138	95,138	62,640	0
other current liabilities	0	0	50,735	44,084	50,251	31,291	480	0
total current liabilities	80,661	160,660	207,947	172,501	162,829	158,861	82,786	11,327
loans	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	201,377	284,464	379,600	474,739	319,710	0
Accruals and Deferred Income	0	39,954	0	0	0	0	0	0
other liabilities	0	132,505	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0
total long term liabilities	0	172,459	201,377	284,464	379,600	474,739	319,710	0
total liabilities	80,661	333,119	409,324	456,965	542,429	633,600	402,496	11,327
net assets	63,077	151,692	136,393	85,676	53,938	20,543	31,182	18,441
total shareholders funds	63,077	151,692	136,393	85,676	53,938	20,543	31,182	18,441

	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015
Operating Activities
Operating Profit	-88,615	20,361	64,077	39,103	41,590	-10,277	15,865	23,001
Depreciation	0	71,487	66,530	67,968	69,764	72,011	16,616	0
Amortisation	0	0	0	0	0	0	0	0
Tax	0	-3,589	-11,897	-7,445	-7,833	0	-3,185	-4,609
Stock	0	0	0	0	0	0	0	0
Debtors	30,151	34,006	-28,597	11,068	2,965	-19,277	72,923	11,129
Creditors	-79,999	145,952	-18,571	15,839	-3,179	953	8,339	11,327
Accruals and Deferred Income	-39,954	-10,781	6,651	-6,167	18,960	30,811	480	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0
Cash flow from operations	-238,719	189,424	135,387	98,230	116,337	112,775	-34,808	18,590
Investing Activities
capital expenditure	371,224	-86,975	0	0	0	-317,715	-360,280	0
Change in Investments	0	0	0	0	0	0	0	0
cash flow from investments	371,224	-86,975	0	0	0	-317,715	-360,280	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	-293,881	-85,721	-95,136	-95,139	187,527	382,350	0
other long term liabilities	-132,505	132,505	0	0	0	0	0	0
share issue	0	-3	0	0	0	0	0	3
interest	0	-1,470	-1,464	80	-361	-362	62	47
cash flow from financing	-132,505	-162,849	-87,185	-95,056	-95,500	187,165	382,412	50
cash and cash equivalents
cash	0	-110,400	98,203	3,174	9,023	-5,962	-12,677	18,639
overdraft	0	-50,000	50,000	0	-11,813	11,813	0	0
change in cash	0	-60,400	48,203	3,174	20,836	-17,775	-12,677	18,639

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 croft hire ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other undefined companies, companies in BB1 area or any other competitors across 12 key performance metrics.

CROFT HIRE LTD group structure

Croft Hire Ltd has no subsidiary companies.

Ultimate parent company

CROFT HIRE LTD

09019878

CROFT HIRE LTD Shareholders

carol robinson	25%
kath coupe	25%
michael robinson	25%
stephen meadowcroft	25%

Croft Hire Ltd currently has 2 directors. The longest serving directors include Mr Michael Robinson (Oct 2020) and Mr Stephen Meadowcroft (Oct 2020).

officer	country	age	start	end	role
Mr Michael Robinson	England	61 years	Oct 2020	-	Director
Mr Stephen Meadowcroft	England	53 years	Oct 2020	-	Director

P&L

May 2022

turnover

352k

-20%

operating profit

-88.6k

gross margin

17.9%

+46.59%

turnover

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

Balance Sheet

May 2022

net assets

63.1k

-0.58%

total assets

143.7k

-0.7%

cash

net assets

Total assets minus all liabilities

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company number

09019878

Type

Private limited with Share Capital

industry

77110 - Renting and leasing of cars and light motor vehicles

incorporation date

May 2014

ultimate parent company

None

previous names

dms rentals limited (December 2020)

address

unit 6 duttons way, shadsworth business park, blackburn, BB1 2QR

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 found 4 charges/mortgages relating to croft hire ltd. Currently there are 0 open charges and 4 have been satisfied in the past.

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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croft hire ltd Company Information

croft hire ltd Estimated Valuation

croft hire ltd Estimated Valuation

croft hire ltd Estimated Valuation

Croft Hire Ltd Overview

Croft Hire Ltd Health Check

CROFT HIRE LTD financials

croft hire ltd Credit Report and Business Information

Croft Hire Ltd Competitor Analysis

croft hire ltd Ownership

croft hire ltd directors

croft hire ltd company details

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croft hire ltd Capital Raised & Share Issues BETA

croft hire ltd Companies House Filings - See Documents