synergy hire limited
synergy hire limited Company Information
Company Number
11785955
Next Accounts
Dec 2025
Shareholders
hitachi construction machinery (europe) n.v.
Group Structure
View All
Industry
Renting and leasing of construction and civil engineering machinery and equipment
Registered Address
room 73 the mansion house, wrest park, bedford, MK45 4HR
Website
www.synergyhire.co.uksynergy hire limited Estimated Valuation
Pomanda estimates the enterprise value of SYNERGY HIRE LIMITED at £53.5m based on a Turnover of £62.2m and 0.86x industry multiple (adjusted for size and gross margin).
synergy hire limited Estimated Valuation
Pomanda estimates the enterprise value of SYNERGY HIRE LIMITED at £61.3m based on an EBITDA of £13.1m and a 4.68x industry multiple (adjusted for size and gross margin).
synergy hire limited Estimated Valuation
Pomanda estimates the enterprise value of SYNERGY HIRE LIMITED at £17.2m based on Net Assets of £8m and 2.15x industry multiple (adjusted for liquidity).
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Synergy Hire Limited Overview
Synergy Hire Limited is a live company located in bedford, MK45 4HR with a Companies House number of 11785955. It operates in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in January 2019, it's largest shareholder is hitachi construction machinery (europe) n.v. with a 100% stake. Synergy Hire Limited is a young, large sized company, Pomanda has estimated its turnover at £62.2m with rapid growth in recent years.
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Synergy Hire Limited Health Check
Pomanda's financial health check has awarded Synergy Hire Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £62.2m, make it larger than the average company (£13.3m)
£62.2m - Synergy Hire Limited
£13.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 54%, show it is growing at a faster rate (10.5%)
54% - Synergy Hire Limited
10.5% - Industry AVG
Production
with a gross margin of 15.7%, this company has a higher cost of product (33.4%)
15.7% - Synergy Hire Limited
33.4% - Industry AVG
Profitability
an operating margin of 5% make it less profitable than the average company (11.2%)
5% - Synergy Hire Limited
11.2% - Industry AVG
Employees
with 74 employees, this is similar to the industry average (65)
74 - Synergy Hire Limited
65 - Industry AVG
Pay Structure
on an average salary of £58.3k, the company has a higher pay structure (£45.7k)
£58.3k - Synergy Hire Limited
£45.7k - Industry AVG
Efficiency
resulting in sales per employee of £840.4k, this is more efficient (£222.2k)
£840.4k - Synergy Hire Limited
£222.2k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (60 days)
20 days - Synergy Hire Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (48 days)
5 days - Synergy Hire Limited
48 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Synergy Hire Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (7 weeks)
2 weeks - Synergy Hire Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.1%, this is a higher level of debt than the average (57.6%)
91.1% - Synergy Hire Limited
57.6% - Industry AVG
SYNERGY HIRE LIMITED financials
Synergy Hire Limited's latest turnover from March 2024 is £62.2 million and the company has net assets of £8 million. According to their latest financial statements, Synergy Hire Limited has 74 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Turnover | 62,190,297 | 44,873,895 | 38,427,576 | 17,027,694 | 3,767,048 |
| Other Income Or Grants | |||||
| Cost Of Sales | 52,459,768 | 34,051,933 | 28,570,198 | 12,707,072 | 2,275,729 |
| Gross Profit | 9,730,529 | 10,821,962 | 9,857,378 | 4,320,622 | 1,491,319 |
| Admin Expenses | 6,597,101 | 6,268,649 | 5,374,307 | 3,506,563 | 2,375,073 |
| Operating Profit | 3,133,428 | 4,553,313 | 4,483,071 | 814,059 | -883,754 |
| Interest Payable | 2,068,489 | 1,081,455 | 697,839 | 252,638 | 60,627 |
| Interest Receivable | 50,497 | ||||
| Pre-Tax Profit | 1,115,436 | 3,471,858 | 3,785,232 | 561,421 | -944,381 |
| Tax | -344,568 | -906,422 | -1,887,211 | ||
| Profit After Tax | 770,868 | 2,565,436 | 1,898,021 | 561,421 | -944,381 |
| Dividends Paid | |||||
| Retained Profit | 770,868 | 2,565,436 | 1,898,021 | 561,421 | -944,381 |
| Employee Costs | 4,317,231 | 4,097,001 | 3,432,097 | 2,247,737 | |
| Number Of Employees | 74 | 78 | 66 | 37 | 18 |
| EBITDA* | 13,096,535 | 13,836,226 | 12,171,815 | 5,108,451 | 878,106 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Tangible Assets | 80,485,491 | 73,676,905 | 63,871,255 | 52,320,084 | 28,857,694 |
| Intangible Assets | 1,120 | 3,918 | 11,858 | 17,476 | 22,277 |
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 80,486,611 | 73,680,823 | 63,883,113 | 52,337,560 | 28,879,971 |
| Stock & work in progress | |||||
| Trade Debtors | 3,572,393 | 3,521,697 | 3,269,523 | 3,063,760 | 1,448,147 |
| Group Debtors | 2,527,264 | 371,165 | 1,033,302 | 1,884 | |
| Misc Debtors | 200,145 | 305,813 | 161,167 | 496,376 | 1,121,861 |
| Cash | 2,638,454 | 2,013,055 | 1,414,655 | 2,503,407 | 5,259,165 |
| misc current assets | |||||
| total current assets | 8,938,256 | 6,211,730 | 5,878,647 | 6,065,427 | 7,829,173 |
| total assets | 89,424,867 | 79,892,553 | 69,761,760 | 58,402,987 | 36,709,144 |
| Bank overdraft | 25,000,000 | 16,190,000 | 27,850,400 | 3,038,800 | 2,314,800 |
| Bank loan | |||||
| Trade Creditors | 744,112 | 1,035,177 | 711,294 | 541,379 | 256,347 |
| Group/Directors Accounts | 39,655,209 | 28,449,752 | 17,214,801 | 27,927,376 | 17,701,663 |
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | 1,235,981 | 1,043,495 | 1,092,994 | 437,993 | 139,515 |
| total current liabilities | 66,635,302 | 46,718,424 | 46,869,489 | 31,945,548 | 20,412,325 |
| loans | 11,647,000 | 23,147,000 | 16,337,000 | 23,540,400 | 13,941,200 |
| hp & lease commitments | |||||
| Accruals and Deferred Income | |||||
| other liabilities | 147,000 | 147,000 | |||
| provisions | 3,138,201 | 2,793,633 | 1,887,211 | ||
| total long term liabilities | 14,785,201 | 25,940,633 | 18,224,211 | 23,687,400 | 14,088,200 |
| total liabilities | 81,420,503 | 72,659,057 | 65,093,700 | 55,632,948 | 34,500,525 |
| net assets | 8,004,364 | 7,233,496 | 4,668,060 | 2,770,039 | 2,208,619 |
| total shareholders funds | 8,004,364 | 7,233,496 | 4,668,060 | 2,770,039 | 2,208,619 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 3,133,428 | 4,553,313 | 4,483,071 | 814,059 | -883,754 |
| Depreciation | 9,960,309 | 9,274,973 | 7,680,941 | 4,287,435 | 1,756,719 |
| Amortisation | 2,798 | 7,940 | 7,803 | 6,957 | 5,141 |
| Tax | -344,568 | -906,422 | -1,887,211 | ||
| Stock | |||||
| Debtors | 2,101,127 | -265,317 | 901,972 | 992,012 | 2,570,008 |
| Creditors | -291,065 | 323,883 | 169,915 | 285,032 | 256,347 |
| Accruals and Deferred Income | 192,486 | -49,499 | 655,001 | 298,478 | 139,515 |
| Deferred Taxes & Provisions | 344,568 | 906,422 | 1,887,211 | ||
| Cash flow from operations | 10,896,829 | 14,375,927 | 12,094,759 | 4,699,949 | -1,296,040 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | |||||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | 11,205,457 | 11,234,951 | -10,712,575 | 10,225,713 | 17,701,663 |
| Other Short Term Loans | |||||
| Long term loans | -11,500,000 | 6,810,000 | -7,203,400 | 9,599,200 | 13,941,200 |
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | -147,000 | 147,000 | |||
| share issue | |||||
| interest | -2,017,992 | -1,081,455 | -697,839 | -252,638 | -60,627 |
| cash flow from financing | -2,312,535 | 16,963,496 | -18,760,814 | 19,572,274 | 34,882,236 |
| cash and cash equivalents | |||||
| cash | 625,399 | 598,400 | -1,088,752 | -2,755,758 | 5,259,165 |
| overdraft | 8,810,000 | -11,660,400 | 24,811,600 | 724,000 | 2,314,800 |
| change in cash | -8,184,601 | 12,258,800 | -25,900,352 | -3,479,758 | 2,944,365 |
synergy hire limited Credit Report and Business Information
Synergy Hire Limited Competitor Analysis
Perform a competitor analysis for synergy hire limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in MK45 area or any other competitors across 12 key performance metrics.
synergy hire limited Ownership
SYNERGY HIRE LIMITED group structure
Synergy Hire Limited has no subsidiary companies.
Ultimate parent company
HITACHI LTD
#0001327
HITACHI CONSTRUCTION MACHINERY (EUROPE)
#0102393
2 parents
SYNERGY HIRE LIMITED
11785955
synergy hire limited directors
Synergy Hire Limited currently has 8 directors. The longest serving directors include Mr Koji Aoyama (Apr 2019) and Mr Toshitaka Uchida (Apr 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Koji Aoyama | Netherlands | 54 years | Apr 2019 | - | Director |
| Mr Toshitaka Uchida | England | 50 years | Apr 2024 | - | Director |
| Mr Atsushi Satoh | England | 52 years | Apr 2024 | - | Director |
| Mr Francesco Quaranta | England | 54 years | Jul 2024 | - | Director |
| Mr Dean Hardy | England | 53 years | Jul 2024 | - | Director |
| Mr Garry Orr | England | 56 years | Jul 2024 | - | Director |
| Mr Mikitoshi Nagasaka | England | 51 years | Jul 2024 | - | Director |
| Mr Lee Scott | England | 38 years | Jul 2024 | - | Director |
P&L
March 2024turnover
62.2m
+39%
operating profit
3.1m
-31%
gross margin
15.7%
-35.12%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
8m
+0.11%
total assets
89.4m
+0.12%
cash
2.6m
+0.31%
net assets
Total assets minus all liabilities
synergy hire limited company details
company number
11785955
Type
Private limited with Share Capital
industry
77320 - Renting and leasing of construction and civil engineering machinery and equipment
incorporation date
January 2019
age
6
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
room 73 the mansion house, wrest park, bedford, MK45 4HR
Bank
-
Legal Advisor
-
synergy 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 synergy hire limited.
synergy hire 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.
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synergy hire limited Companies House Filings - See Documents
| date | description | view/download |
|---|
