hss hire group plc
hss hire group plc Company Information
Company Number
09378067
Next Accounts
Sep 2025
Shareholders
euroclear nominees limited
chase nominees limited
View AllGroup Structure
View All
Industry
Activities of head offices
Registered Address
building 2, think park, mosley road, manchester, M17 1FQ
Website
www.hsshiregroup.comhss hire group plc Estimated Valuation
Pomanda estimates the enterprise value of HSS HIRE GROUP PLC at £479.2m based on a Turnover of £349.1m and 1.37x industry multiple (adjusted for size and gross margin).
hss hire group plc Estimated Valuation
Pomanda estimates the enterprise value of HSS HIRE GROUP PLC at £602.9m based on an EBITDA of £55.5m and a 10.86x industry multiple (adjusted for size and gross margin).
hss hire group plc Estimated Valuation
Pomanda estimates the enterprise value of HSS HIRE GROUP PLC at £385.8m based on Net Assets of £183.2m and 2.11x industry multiple (adjusted for liquidity).
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Hss Hire Group Plc Overview
Hss Hire Group Plc is a live company located in manchester, M17 1FQ with a Companies House number of 09378067. It operates in the activities of head offices sector, SIC Code 70100. Founded in January 2015, it's largest shareholder is euroclear nominees limited with a 74.2% stake. Hss Hire Group Plc is a established, mega sized company, Pomanda has estimated its turnover at £349.1m with healthy growth in recent years.
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Hss Hire Group Plc Health Check
Pomanda's financial health check has awarded Hss Hire Group Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
4 Regular
2 Weak
Size
annual sales of £349.1m, make it larger than the average company (£20.2m)
£349.1m - Hss Hire Group Plc
£20.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (7.4%)
12% - Hss Hire Group Plc
7.4% - Industry AVG
Production
with a gross margin of 48.4%, this company has a lower cost of product (33.7%)
48.4% - Hss Hire Group Plc
33.7% - Industry AVG
Profitability
an operating margin of 5.7% make it as profitable than the average company (5.9%)
5.7% - Hss Hire Group Plc
5.9% - Industry AVG
Employees
with 2124 employees, this is above the industry average (110)
2124 - Hss Hire Group Plc
110 - Industry AVG
Pay Structure
on an average salary of £40.7k, the company has an equivalent pay structure (£49.9k)
£40.7k - Hss Hire Group Plc
£49.9k - Industry AVG
Efficiency
resulting in sales per employee of £164.4k, this is less efficient (£204.7k)
£164.4k - Hss Hire Group Plc
£204.7k - Industry AVG
Debtor Days
it gets paid by customers after 84 days, this is later than average (45 days)
84 days - Hss Hire Group Plc
45 days - Industry AVG
Creditor Days
its suppliers are paid after 102 days, this is slower than average (42 days)
102 days - Hss Hire Group Plc
42 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (48 days)
7 days - Hss Hire Group Plc
48 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is average cash available to meet short term requirements (15 weeks)
15 weeks - Hss Hire Group Plc
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 57.3%, this is a similar level of debt than the average (55.6%)
57.3% - Hss Hire Group Plc
55.6% - Industry AVG
HSS HIRE GROUP PLC financials
Hss Hire Group Plc's latest turnover from December 2023 is £349.1 million and the company has net assets of £183.2 million. According to their latest financial statements, Hss Hire Group Plc has 2,124 employees and maintains cash reserves of £31.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Jan 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Jul 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 349,110,000 | 332,777,000 | 303,269,000 | 303,269,000 | 250,063,000 | 328,005,000 | 322,767,000 | 335,780,000 | 342,410,000 | 312,333,000 | 284,559,000 | |
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | 179,978,000 | 164,647,000 | 146,271,000 | 146,271,000 | 124,881,000 | 149,706,000 | 145,549,000 | 154,289,000 | 145,232,000 | 120,884,000 | 103,029,000 | |
| Gross Profit | 169,132,000 | 168,130,000 | 156,998,000 | 156,998,000 | 125,182,000 | 178,299,000 | 177,218,000 | 181,491,000 | 197,178,000 | 191,449,000 | 181,530,000 | |
| Admin Expenses | 149,226,000 | 143,773,000 | 122,477,000 | 122,477,000 | 129,853,000 | 161,478,000 | 166,000,000 | 252,910,000 | 199,909,000 | 184,607,000 | 157,953,000 | |
| Operating Profit | 19,906,000 | 24,357,000 | 34,521,000 | 34,521,000 | -4,671,000 | 16,821,000 | 11,218,000 | -71,419,000 | -2,731,000 | 6,842,000 | -5,469,000 | 23,577,000 |
| Interest Payable | 11,124,000 | 7,826,000 | 28,455,000 | 28,455,000 | 24,968,000 | 14,689,000 | 20,706,000 | 44,000 | 30,973,000 | |||
| Interest Receivable | 198,000 | 3,000 | 24,000 | 4,164,000 | 17,000 | |||||||
| Pre-Tax Profit | 8,980,000 | 16,531,000 | 6,066,000 | 6,066,000 | -29,639,000 | -5,788,000 | -9,156,000 | -85,162,000 | -17,417,000 | -13,840,000 | -1,349,000 | -8,533,000 |
| Tax | -4,743,000 | 3,946,000 | 1,239,000 | 1,239,000 | -42,000 | -436,000 | 2,749,000 | 5,240,000 | 104,000 | -405,000 | -822,000 | 3,014,000 |
| Profit After Tax | 4,237,000 | 20,477,000 | 7,305,000 | 7,305,000 | -29,681,000 | -6,224,000 | -6,407,000 | -79,922,000 | -17,313,000 | -14,245,000 | -2,171,000 | -5,519,000 |
| Dividends Paid | 1,764,000 | 882,000 | ||||||||||
| Retained Profit | 4,237,000 | 20,477,000 | 53,726,000 | 53,726,000 | -29,681,000 | -6,224,000 | -4,420,000 | -79,922,000 | -19,077,000 | -15,127,000 | -2,171,000 | -5,519,000 |
| Employee Costs | 86,532,000 | 84,577,000 | 78,730,000 | 82,113,000 | 78,591,000 | 88,266,000 | 94,358,000 | 89,712,000 | 92,588,000 | 90,529,000 | 726,000 | 77,386,000 |
| Number Of Employees | 2,124 | 2,037 | 1,903 | 2,048 | 2,330 | 2,605 | 2,670 | 3,066 | 3,254 | 3,344 | 8 | 2,896 |
| EBITDA* | 55,522,000 | 84,244,000 | 77,816,000 | 71,146,000 | 37,151,000 | 59,873,000 | 43,942,000 | -27,776,000 | 41,235,000 | 51,202,000 | -5,469,000 | 59,245,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Jan 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Jul 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 95,195,000 | 95,290,000 | 140,725,000 | 138,321,000 | 151,863,000 | 101,865,000 | 112,034,000 | 151,273,000 | 179,253,000 | 185,113,000 | 149,675,000 | |
| Intangible Assets | 204,793,000 | 199,680,000 | 147,648,000 | 147,648,000 | 158,498,000 | 160,378,000 | 163,657,000 | 172,509,000 | 178,755,000 | 180,242,000 | 170,379,000 | |
| Investments & Other | 14,000 | 405,000 | 86,368,000 | |||||||||
| Debtors (Due After 1 year) | 2,012,000 | 7,515,000 | 2,404,000 | 87,223,000 | ||||||||
| Total Fixed Assets | 299,988,000 | 294,970,000 | 285,969,000 | 285,969,000 | 310,361,000 | 262,243,000 | 275,691,000 | 323,782,000 | 358,008,000 | 365,355,000 | 173,591,000 | 320,054,000 |
| Stock & work in progress | 3,823,000 | 3,779,000 | 2,682,000 | 2,682,000 | 3,183,000 | 3,735,000 | 4,333,000 | 5,519,000 | 7,898,000 | 9,095,000 | 6,823,000 | |
| Trade Debtors | 81,269,000 | 79,560,000 | 70,882,000 | 66,764,000 | 67,918,000 | 68,311,000 | 83,507,000 | 87,984,000 | 79,332,000 | 80,763,000 | 67,662,000 | |
| Group Debtors | 19,550,000 | |||||||||||
| Misc Debtors | 12,172,000 | 6,508,000 | 7,798,000 | 7,962,000 | 20,085,000 | 10,474,000 | 8,519,000 | 24,412,000 | 16,822,000 | 12,000 | 17,272,000 | |
| Cash | 31,931,000 | 47,709,000 | 42,269,000 | 42,269,000 | 97,573,000 | 22,658,000 | 17,832,000 | 2,151,000 | 15,211,000 | 1,812,000 | 291,000 | 5,858,000 |
| misc current assets | 46,716,000 | 1,500,000 | ||||||||||
| total current assets | 129,195,000 | 137,556,000 | 123,631,000 | 123,631,000 | 176,636,000 | 114,789,000 | 162,862,000 | 105,673,000 | 126,853,000 | 108,492,000 | 19,853,000 | 97,615,000 |
| total assets | 429,183,000 | 432,526,000 | 409,600,000 | 409,600,000 | 486,997,000 | 377,032,000 | 438,553,000 | 429,455,000 | 484,861,000 | 473,847,000 | 193,444,000 | 417,669,000 |
| Bank overdraft | 47,535,000 | |||||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 50,410,000 | 41,693,000 | 43,062,000 | 43,062,000 | 23,957,000 | 31,420,000 | 43,139,000 | 39,729,000 | 52,505,000 | 48,554,000 | 62,040,000 | |
| Group/Directors Accounts | 9,318,000 | |||||||||||
| other short term finances | 5,545,000 | 5,168,000 | 19,310,000 | 15,000,000 | 13,000,000 | 80,892,000 | 66,000,000 | 19,500,000 | ||||
| hp & lease commitments | 14,548,000 | 13,182,000 | 19,310,000 | 23,395,000 | 5,355,000 | 6,304,000 | 11,448,000 | 11,050,000 | 5,356,000 | |||
| other current liabilities | 39,723,000 | 51,157,000 | 40,648,000 | 45,313,000 | 42,756,000 | 52,798,000 | 47,605,000 | 32,129,000 | 33,974,000 | 884,000 | 39,814,000 | |
| total current liabilities | 110,226,000 | 111,200,000 | 103,020,000 | 103,020,000 | 107,665,000 | 79,531,000 | 115,241,000 | 168,226,000 | 162,082,000 | 141,113,000 | 10,202,000 | 126,710,000 |
| loans | 243,674,000 | 243,402,000 | 182,676,000 | 490,552,000 | 371,458,000 | 435,260,000 | 296,694,000 | 300,956,000 | 307,544,000 | 564,158,000 | ||
| hp & lease commitments | 42,822,000 | 43,110,000 | 57,255,000 | 9,468,000 | 14,105,000 | 17,266,000 | 21,583,000 | 7,033,000 | ||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | ||||||||||||
| provisions | 27,870,000 | 34,324,000 | 38,516,000 | 52,932,000 | 65,622,000 | 70,432,000 | 78,620,000 | 37,830,000 | 41,386,000 | 40,770,000 | ||
| total long term liabilities | 135,772,000 | 138,863,000 | 144,679,000 | 144,679,000 | 271,742,000 | 218,540,000 | 252,846,000 | 187,657,000 | 169,393,000 | 174,465,000 | 302,464,000 | |
| total liabilities | 245,998,000 | 250,063,000 | 247,699,000 | 247,699,000 | 379,407,000 | 298,071,000 | 368,087,000 | 355,883,000 | 331,475,000 | 315,578,000 | 10,202,000 | 429,174,000 |
| net assets | 183,185,000 | 182,463,000 | 161,901,000 | 161,901,000 | 107,590,000 | 78,961,000 | 70,466,000 | 73,572,000 | 153,386,000 | 158,269,000 | 183,242,000 | -11,505,000 |
| total shareholders funds | 183,185,000 | 182,463,000 | 161,901,000 | 161,901,000 | 107,590,000 | 78,961,000 | 70,466,000 | 73,572,000 | 153,386,000 | 158,269,000 | 183,242,000 | -11,505,000 |
| Dec 2023 | Dec 2022 | Jan 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Jul 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 19,906,000 | 24,357,000 | 34,521,000 | 34,521,000 | -4,671,000 | 16,821,000 | 11,218,000 | -71,419,000 | -2,731,000 | 6,842,000 | -5,469,000 | 23,577,000 |
| Depreciation | 19,075,000 | 39,608,000 | 38,120,000 | 36,625,000 | 36,625,000 | 37,434,000 | 26,823,000 | 37,006,000 | 37,729,000 | 39,379,000 | 31,768,000 | |
| Amortisation | 16,541,000 | 20,279,000 | 5,175,000 | 5,197,000 | 5,618,000 | 5,901,000 | 6,637,000 | 6,237,000 | 4,981,000 | 3,900,000 | ||
| Tax | -4,743,000 | 3,946,000 | 1,239,000 | 1,239,000 | -42,000 | -436,000 | 2,749,000 | 5,240,000 | 104,000 | -405,000 | -822,000 | 3,014,000 |
| Stock | 44,000 | 1,097,000 | -501,000 | -552,000 | -598,000 | -1,186,000 | -2,379,000 | -1,197,000 | 2,272,000 | -6,823,000 | 6,823,000 | |
| Debtors | 1,870,000 | 26,819,000 | 14,320,000 | -9,116,000 | -12,516,000 | -5,585,000 | -2,522,000 | -7,241,000 | 6,159,000 | 12,651,000 | 21,851,000 | 84,934,000 |
| Creditors | 8,717,000 | -1,369,000 | 19,105,000 | -7,463,000 | -11,719,000 | 3,410,000 | -12,776,000 | 3,951,000 | -13,486,000 | -62,040,000 | 62,040,000 | |
| Accruals and Deferred Income | -11,434,000 | 51,157,000 | 40,648,000 | -45,313,000 | 2,557,000 | -10,042,000 | 5,193,000 | 15,476,000 | -1,845,000 | -5,840,000 | -38,930,000 | 39,814,000 |
| Deferred Taxes & Provisions | -6,454,000 | 34,324,000 | 38,516,000 | -52,932,000 | -12,690,000 | -4,810,000 | -8,188,000 | 40,790,000 | -3,556,000 | 616,000 | -40,770,000 | 40,770,000 |
| Cash flow from operations | 39,694,000 | 144,386,000 | 143,899,000 | 32,581,000 | 39,049,000 | 50,814,000 | 30,574,000 | 34,927,000 | 17,164,000 | -163,059,000 | 113,126,000 | |
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | -14,000 | -391,000 | 405,000 | 86,368,000 | ||||||||
| cash flow from investments | -86,368,000 | |||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | 9,318,000 | |||||||||||
| Other Short Term Loans | 377,000 | -14,142,000 | -19,310,000 | 4,310,000 | 15,000,000 | -13,000,000 | -67,892,000 | 14,892,000 | 66,000,000 | -19,500,000 | -19,500,000 | 19,500,000 |
| Long term loans | 272,000 | 243,402,000 | 182,676,000 | -490,552,000 | 119,094,000 | -63,802,000 | 138,566,000 | -4,262,000 | -6,588,000 | -256,614,000 | -564,158,000 | 564,158,000 |
| Hire Purchase and Lease Commitments | 1,078,000 | 56,292,000 | 76,565,000 | -23,395,000 | 18,040,000 | -10,417,000 | 1,667,000 | -14,609,000 | -3,919,000 | 20,244,000 | -12,389,000 | 12,389,000 |
| other long term liabilities | ||||||||||||
| share issue | ||||||||||||
| interest | -10,926,000 | -7,826,000 | -28,455,000 | -24,968,000 | -14,686,000 | -20,682,000 | 4,120,000 | -30,956,000 | ||||
| cash flow from financing | -12,714,000 | 277,811,000 | 157,750,000 | 185,476,000 | -72,500,000 | 73,655,000 | -3,871,000 | 55,001,000 | -91,651,000 | -385,691,000 | 559,105,000 | |
| cash and cash equivalents | ||||||||||||
| cash | -15,778,000 | 5,440,000 | -55,304,000 | 74,915,000 | 4,826,000 | 15,681,000 | -13,060,000 | 13,399,000 | -4,046,000 | -5,567,000 | 5,858,000 | |
| overdraft | -47,535,000 | 47,535,000 | ||||||||||
| change in cash | -15,778,000 | 5,440,000 | -55,304,000 | 74,915,000 | 4,826,000 | 15,681,000 | -13,060,000 | 60,934,000 | -51,581,000 | -5,567,000 | 5,858,000 |
hss hire group plc Credit Report and Business Information
Hss Hire Group Plc Competitor Analysis
Perform a competitor analysis for hss hire group plc by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in M17 area or any other competitors across 12 key performance metrics.
hss hire group plc Ownership
HSS HIRE GROUP PLC group structure
Hss Hire Group Plc has 1 subsidiary company.
hss hire group plc directors
Hss Hire Group Plc currently has 5 directors. The longest serving directors include Mr Thomas Sweet-Escott (Jan 2015) and Mr Alan Peterson (Jan 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Sweet-Escott | United Kingdom | 67 years | Jan 2015 | - | Director |
| Mr Alan Peterson | 77 years | Jan 2015 | - | Director | |
| Mr Stephen Ashmore | England | 60 years | Jun 2017 | - | Director |
| Mr Richard Jones | England | 58 years | Aug 2024 | - | Director |
| Mr Ernst Kastner | England | 54 years | Jan 2025 | - | Director |
P&L
December 2023turnover
349.1m
+5%
operating profit
19.9m
-18%
gross margin
48.5%
-4.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
183.2m
0%
total assets
429.2m
-0.01%
cash
31.9m
-0.33%
net assets
Total assets minus all liabilities
Similar Companies
hss hire group plc company details
company number
09378067
Type
Public limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
January 2015
age
10
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
hss hire group limited (January 2015)
accountant
-
auditor
BDO LLP
address
building 2, think park, mosley road, manchester, M17 1FQ
Bank
BARCLAYS BANK PLC
Legal Advisor
-
hss hire group plc 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 found 1 charges/mortgages relating to hss hire group plc. Currently there are 0 open charges and 1 have been satisfied in the past.
hss hire group plc 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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hss hire group plc Companies House Filings - See Documents
| date | description | view/download |
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