driver hire merseyside limited
driver hire merseyside limited Company Information
Company Number
10656708
Next Accounts
Dec 2025
Shareholders
driver hire ventures ltd
Group Structure
View All
Industry
Temporary employment agency activities
Registered Address
7 bradford business park, kings gate, bradford, west yorkshire, BD1 4SJ
Website
http://driverhire.co.ukdriver hire merseyside limited Estimated Valuation
Pomanda estimates the enterprise value of DRIVER HIRE MERSEYSIDE LIMITED at £119.8k based on a Turnover of £753.9k and 0.16x industry multiple (adjusted for size and gross margin).
driver hire merseyside limited Estimated Valuation
Pomanda estimates the enterprise value of DRIVER HIRE MERSEYSIDE LIMITED at £0 based on an EBITDA of £-22.7k and a 2.82x industry multiple (adjusted for size and gross margin).
driver hire merseyside limited Estimated Valuation
Pomanda estimates the enterprise value of DRIVER HIRE MERSEYSIDE LIMITED at £117.8k based on Net Assets of £90.9k and 1.3x industry multiple (adjusted for liquidity).
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Driver Hire Merseyside Limited Overview
Driver Hire Merseyside Limited is a live company located in bradford, BD1 4SJ with a Companies House number of 10656708. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in March 2017, it's largest shareholder is driver hire ventures ltd with a 100% stake. Driver Hire Merseyside Limited is a young, small sized company, Pomanda has estimated its turnover at £753.9k with low growth in recent years.
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Driver Hire Merseyside Limited Health Check
Pomanda's financial health check has awarded Driver Hire Merseyside Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
4 Weak
Size
annual sales of £753.9k, make it smaller than the average company (£13.3m)
£753.9k - Driver Hire Merseyside Limited
£13.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (8%)
- Driver Hire Merseyside Limited
8% - Industry AVG
Production
with a gross margin of 16.6%, this company has a comparable cost of product (18.1%)
16.6% - Driver Hire Merseyside Limited
18.1% - Industry AVG
Profitability
an operating margin of -4% make it less profitable than the average company (2.5%)
-4% - Driver Hire Merseyside Limited
2.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (49)
2 - Driver Hire Merseyside Limited
49 - Industry AVG
Pay Structure
on an average salary of £51.1k, the company has an equivalent pay structure (£49.4k)
£51.1k - Driver Hire Merseyside Limited
£49.4k - Industry AVG
Efficiency
resulting in sales per employee of £376.9k, this is more efficient (£233.5k)
£376.9k - Driver Hire Merseyside Limited
£233.5k - Industry AVG
Debtor Days
it gets paid by customers after 49 days, this is near the average (43 days)
49 days - Driver Hire Merseyside Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is slower than average (3 days)
41 days - Driver Hire Merseyside Limited
3 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Driver Hire Merseyside Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 38 weeks, this is more cash available to meet short term requirements (7 weeks)
38 weeks - Driver Hire Merseyside Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69%, this is a similar level of debt than the average (70.2%)
69% - Driver Hire Merseyside Limited
70.2% - Industry AVG
DRIVER HIRE MERSEYSIDE LIMITED financials
Driver Hire Merseyside Limited's latest turnover from March 2024 is £753.9 thousand and the company has net assets of £90.9 thousand. According to their latest financial statements, Driver Hire Merseyside Limited has 2 employees and maintains cash reserves of £148.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Turnover | 753,895 | 873,272 | 975,606 | 750,796 | 1,136,732 | 1,216,018 | 1,126,449 |
| Other Income Or Grants | |||||||
| Cost Of Sales | 628,547 | 718,772 | 816,353 | 623,076 | 957,760 | 1,000,992 | 928,080 |
| Gross Profit | 125,348 | 154,500 | 159,253 | 127,720 | 178,972 | 215,026 | 198,369 |
| Admin Expenses | 155,437 | 153,642 | 151,741 | 118,201 | 188,901 | 195,093 | 181,373 |
| Operating Profit | -30,089 | 858 | 7,512 | 9,519 | -9,929 | 19,933 | 16,996 |
| Interest Payable | 1 | 854 | 32 | 1 | |||
| Interest Receivable | 2,275 | ||||||
| Pre-Tax Profit | -27,815 | 858 | 7,512 | 8,665 | -9,961 | 19,932 | 16,996 |
| Tax | 6,891 | 317 | 777 | -1,646 | 2,186 | -4,009 | -3,392 |
| Profit After Tax | -20,924 | 1,175 | 8,289 | 7,019 | -7,775 | 15,923 | 13,604 |
| Dividends Paid | |||||||
| Retained Profit | -20,924 | 1,175 | 8,289 | 7,019 | -7,775 | 15,923 | 13,604 |
| Employee Costs | 102,100 | 97,108 | 99,217 | 105,463 | 120,966 | 122,183 | 109,244 |
| Number Of Employees | 2 | 3 | 3 | 4 | 5 | 5 | 4 |
| EBITDA* | -22,739 | 8,208 | 14,862 | 16,869 | -2,579 | 27,283 | 24,346 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||
| Intangible Assets | 22,050 | 29,400 | 36,750 | 44,100 | 51,450 | 58,800 | 66,150 |
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 22,050 | 29,400 | 36,750 | 44,100 | 51,450 | 58,800 | 66,150 |
| Stock & work in progress | |||||||
| Trade Debtors | 102,601 | 83,348 | 134,332 | 121,837 | 143,487 | 164,227 | 248,621 |
| Group Debtors | |||||||
| Misc Debtors | 19,536 | 13,850 | 11,691 | 7,193 | 7,695 | 4,700 | 3,507 |
| Cash | 148,868 | 103,410 | 15,890 | 18,386 | 95,888 | 8,842 | 8,026 |
| misc current assets | |||||||
| total current assets | 271,005 | 200,608 | 161,913 | 147,416 | 247,070 | 177,769 | 260,154 |
| total assets | 293,055 | 230,008 | 198,663 | 191,516 | 298,520 | 236,569 | 326,304 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 71,220 | 57,889 | 54 | 1,359 | 2,807 | 8,728 | |
| Group/Directors Accounts | 103,687 | 35,113 | 28,310 | 43,964 | 47,619 | 61,269 | 153,409 |
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 27,286 | 25,220 | 59,688 | 43,871 | 155,598 | 69,415 | 77,012 |
| total current liabilities | 202,193 | 118,222 | 88,052 | 89,194 | 203,217 | 133,491 | 239,149 |
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | |||||||
| total liabilities | 202,193 | 118,222 | 88,052 | 89,194 | 203,217 | 133,491 | 239,149 |
| net assets | 90,862 | 111,786 | 110,611 | 102,322 | 95,303 | 103,078 | 87,155 |
| total shareholders funds | 90,862 | 111,786 | 110,611 | 102,322 | 95,303 | 103,078 | 87,155 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -30,089 | 858 | 7,512 | 9,519 | -9,929 | 19,933 | 16,996 |
| Depreciation | |||||||
| Amortisation | 7,350 | 7,350 | 7,350 | 7,350 | 7,350 | 7,350 | 7,350 |
| Tax | 6,891 | 317 | 777 | -1,646 | 2,186 | -4,009 | -3,392 |
| Stock | |||||||
| Debtors | 24,939 | -48,825 | 16,993 | -22,152 | -17,745 | -83,201 | 252,128 |
| Creditors | 13,331 | 57,835 | -1,305 | 1,359 | -2,807 | -5,921 | 8,728 |
| Accruals and Deferred Income | 2,066 | -34,468 | 15,817 | -111,727 | 86,183 | -7,597 | 77,012 |
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | -25,390 | 80,717 | 13,158 | -72,993 | 100,728 | 92,957 | -145,434 |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | |||||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | 68,574 | 6,803 | -15,654 | -3,655 | -13,650 | -92,140 | 153,409 |
| Other Short Term Loans | |||||||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | 2,274 | -854 | -32 | -1 | |||
| cash flow from financing | 70,848 | 6,803 | -15,654 | -4,509 | -13,682 | -92,141 | 226,960 |
| cash and cash equivalents | |||||||
| cash | 45,458 | 87,520 | -2,496 | -77,502 | 87,046 | 816 | 8,026 |
| overdraft | |||||||
| change in cash | 45,458 | 87,520 | -2,496 | -77,502 | 87,046 | 816 | 8,026 |
driver hire merseyside limited Credit Report and Business Information
Driver Hire Merseyside Limited Competitor Analysis
Perform a competitor analysis for driver hire merseyside limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in BD1 area or any other competitors across 12 key performance metrics.
driver hire merseyside limited Ownership
DRIVER HIRE MERSEYSIDE LIMITED group structure
Driver Hire Merseyside Limited has no subsidiary companies.
Ultimate parent company
2 parents
DRIVER HIRE MERSEYSIDE LIMITED
10656708
driver hire merseyside limited directors
Driver Hire Merseyside Limited currently has 2 directors. The longest serving directors include Mr Christopher Chidley (Mar 2017) and Mr Paul McNulty (Mar 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Chidley | United Kingdom | 64 years | Mar 2017 | - | Director |
| Mr Paul McNulty | 54 years | Mar 2017 | - | Director |
P&L
March 2024turnover
753.9k
-14%
operating profit
-30.1k
-3607%
gross margin
16.7%
-6.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
90.9k
-0.19%
total assets
293.1k
+0.27%
cash
148.9k
+0.44%
net assets
Total assets minus all liabilities
driver hire merseyside limited company details
company number
10656708
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
incorporation date
March 2017
age
8
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
FORVIS MAZARS LLP
address
7 bradford business park, kings gate, bradford, west yorkshire, BD1 4SJ
Bank
VIRGIN MONEY
Legal Advisor
KNIGHTS PLC
driver hire merseyside 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 driver hire merseyside limited.
driver hire merseyside limited 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.
Click to start generating capital raising & share issue transactions for DRIVER HIRE MERSEYSIDE LIMITED. This can take several minutes, an email will notify you when this has completed.
driver hire merseyside limited Companies House Filings - See Documents
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