hire two hire limited
hire two hire limited Company Information
Company Number
09789945
Website
www.radiowavesuk.co.ukRegistered Address
liberty house, 30 whitchurch lane, edgware, middlesex, HA8 6LE
Industry
Renting and leasing of cars and light motor vehicles
Telephone
443333034492
Next Accounts Due
820 days late
Group Structure
View All
Directors
Alexandra Florea3 Years
Shareholders
alexandra florea 100%
hire two hire limited Estimated Valuation
Pomanda estimates the enterprise value of HIRE TWO HIRE LIMITED at £62.5k based on a Turnover of £121.1k and 0.52x industry multiple (adjusted for size and gross margin).
hire two hire limited Estimated Valuation
Pomanda estimates the enterprise value of HIRE TWO HIRE LIMITED at £7k based on an EBITDA of £4.4k and a 1.58x industry multiple (adjusted for size and gross margin).
hire two hire limited Estimated Valuation
Pomanda estimates the enterprise value of HIRE TWO HIRE LIMITED at £12k based on Net Assets of £5.3k and 2.26x industry multiple (adjusted for liquidity).
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Hire Two Hire Limited Overview
Hire Two Hire Limited is a live company located in edgware, HA8 6LE with a Companies House number of 09789945. It operates in the renting and leasing of cars and light motor vehicles sector, SIC Code 77110. Founded in September 2015, it's largest shareholder is alexandra florea with a 100% stake. Hire Two Hire Limited is a young, micro sized company, Pomanda has estimated its turnover at £121.1k with rapid growth in recent years.
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Hire Two Hire Limited Health Check
Pomanda's financial health check has awarded Hire Two Hire Limited 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
3 Strong
1 Regular
6 Weak
Size
annual sales of £121.1k, make it smaller than the average company (£4.6m)
- Hire Two Hire Limited
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 103%, show it is growing at a faster rate (2.5%)
- Hire Two Hire Limited
2.5% - Industry AVG
Production
with a gross margin of 14.9%, this company has a higher cost of product (23.9%)
- Hire Two Hire Limited
23.9% - Industry AVG
Profitability
an operating margin of 3.6% make it less profitable than the average company (7.6%)
- Hire Two Hire Limited
7.6% - Industry AVG
Employees
with 4 employees, this is below the industry average (45)
4 - Hire Two Hire Limited
45 - Industry AVG
Pay Structure
on an average salary of £34.6k, the company has an equivalent pay structure (£34.6k)
- Hire Two Hire Limited
£34.6k - Industry AVG
Efficiency
resulting in sales per employee of £30.3k, this is less efficient (£218.5k)
- Hire Two Hire Limited
£218.5k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (40 days)
- Hire Two Hire Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (29 days)
- Hire Two Hire Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Hire Two Hire Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Hire Two Hire Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.2%, this is a lower level of debt than the average (80.6%)
42.2% - Hire Two Hire Limited
80.6% - Industry AVG
HIRE TWO HIRE LIMITED financials
Hire Two Hire Limited's latest turnover from September 2020 is estimated at £121.1 thousand and the company has net assets of £5.3 thousand. According to their latest financial statements, Hire Two Hire Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|
| 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 | 4 | 4 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|
| Tangible Assets | 8,646 | 11,077 | 13,509 | 16,474 | 20,090 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 8,646 | 11,077 | 13,509 | 16,474 | 20,090 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 510 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 7,033 | 6,671 | 5,309 | 4,152 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 510 | 7,033 | 6,671 | 5,309 | 4,152 |
| total assets | 9,156 | 18,110 | 20,180 | 21,783 | 24,242 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 849 | 1,935 | 2,233 | 3,385 | 3,962 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 410 | 480 | 0 |
| total current liabilities | 849 | 1,935 | 2,643 | 3,865 | 3,962 |
| loans | 0 | 14,000 | 0 | 20,101 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 3,011 | 0 | 18,000 | 0 | 25,000 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,011 | 14,000 | 18,000 | 20,101 | 25,000 |
| total liabilities | 3,860 | 15,935 | 20,643 | 23,966 | 28,962 |
| net assets | 5,296 | 2,175 | -463 | -2,183 | -4,720 |
| total shareholders funds | 5,296 | 2,175 | -463 | -2,183 | -4,720 |
| Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 2,432 | 2,965 | 3,616 | ||
| Amortisation | 0 | 0 | 0 | ||
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 510 | 0 | 0 | 0 | 0 |
| Creditors | -1,086 | -298 | -1,152 | -577 | 3,962 |
| Accruals and Deferred Income | 0 | -410 | -70 | 480 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -14,000 | 14,000 | -20,101 | 20,101 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 3,011 | -18,000 | 18,000 | -25,000 | 25,000 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -7,033 | 362 | 1,362 | 1,157 | 4,152 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -7,033 | 362 | 1,362 | 1,157 | 4,152 |
hire two hire limited Credit Report and Business Information
Hire Two Hire Limited Competitor Analysis
Perform a competitor analysis for hire two hire limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in HA8 area or any other competitors across 12 key performance metrics.
hire two hire limited Ownership
HIRE TWO HIRE LIMITED group structure
Hire Two Hire Limited has no subsidiary companies.
Ultimate parent company
HIRE TWO HIRE LIMITED
09789945
hire two hire limited directors
Hire Two Hire Limited currently has 1 director, Mr Alexandra Florea serving since Jun 2021.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alexandra Florea | United Kingdom | 29 years | Jun 2021 | - | Director |
P&L
September 2020turnover
121.1k
-45%
operating profit
4.4k
0%
gross margin
15%
-14.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2020net assets
5.3k
+1.43%
total assets
9.2k
-0.49%
cash
0
-1%
net assets
Total assets minus all liabilities
hire two hire limited company details
company number
09789945
Type
Private limited with Share Capital
industry
77110 - Renting and leasing of cars and light motor vehicles
incorporation date
September 2015
age
9
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
September 2020
address
liberty house, 30 whitchurch lane, edgware, middlesex, HA8 6LE
accountant
-
auditor
-
hire two hire 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 two hire limited.
hire two hire limited Companies House Filings - See Documents
| date | description | view/download |
|---|
