Renting and leasing of construction and civil engineering machinery and equipment
Registered Address
18 the ropewalk, nottingham, NG1 5DT
Website
-
midlands vehicle and plant leasing ltdEstimated Valuation
£593.4k
Pomanda estimates the enterprise value of MIDLANDS VEHICLE AND PLANT LEASING LTD at £593.4k based on a Turnover of £1.4m and 0.42x industry multiple (adjusted for size and gross margin).
midlands vehicle and plant leasing ltdEstimated Valuation
£1.7k
Pomanda estimates the enterprise value of MIDLANDS VEHICLE AND PLANT LEASING LTD at £1.7k based on an EBITDA of £741 and a 2.34x industry multiple (adjusted for size and gross margin).
midlands vehicle and plant leasing ltdEstimated Valuation
£106.4k
Pomanda estimates the enterprise value of MIDLANDS VEHICLE AND PLANT LEASING LTD at £106.4k based on Net Assets of £59.4k and 1.79x industry multiple (adjusted for liquidity).
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Midlands Vehicle And Plant Leasing LtdOverview
Midlands Vehicle And Plant Leasing Ltd is a live company located in nottingham, NG1 5DT with a Companies House number of 11807063. It operates in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in February 2019, it's largest shareholder is
martin singh
with a 50% stake. Midlands Vehicle And Plant Leasing Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£1.4m with
high
growth in recent years.
Midlands Vehicle And Plant Leasing Ltd Health Check
Pomanda's financial health check has awarded Midlands Vehicle And Plant Leasing 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 £1.4m, make it smaller than the average company (£12.1m)
£1.4m - Midlands Vehicle And Plant Leasing Ltd
£12.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (10.4%)
15% - Midlands Vehicle And Plant Leasing Ltd
10.4% - Industry AVG
Production
with a gross margin of 20.5%, this company has a higher cost of product (34.8%)
20.5% - Midlands Vehicle And Plant Leasing Ltd
34.8% - Industry AVG
Profitability
an operating margin of 0.1% make it less profitable than the average company (12.2%)
0.1% - Midlands Vehicle And Plant Leasing Ltd
12.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (58)
1 - Midlands Vehicle And Plant Leasing Ltd
58 - Industry AVG
Pay Structure
on an average salary of £44.9k, the company has an equivalent pay structure (£44.9k)
£44.9k - Midlands Vehicle And Plant Leasing Ltd
£44.9k - Industry AVG
Efficiency
resulting in sales per employee of £1.4m, this is more efficient (£222k)
£1.4m - Midlands Vehicle And Plant Leasing Ltd
£222k - Industry AVG
Debtor Days
it gets paid by customers after 121 days, this is later than average (60 days)
121 days - Midlands Vehicle And Plant Leasing Ltd
60 days - Industry AVG
Creditor Days
its suppliers are paid after 142 days, this is slower than average (46 days)
142 days - Midlands Vehicle And Plant Leasing Ltd
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Midlands Vehicle And Plant Leasing Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Midlands Vehicle And Plant Leasing Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.2%, this is a higher level of debt than the average (55.7%)
88.2% - Midlands Vehicle And Plant Leasing Ltd
55.7% - Industry AVG
MIDLANDS VEHICLE AND PLANT LEASING LTD financials
EXPORT
Midlands Vehicle And Plant Leasing Ltd's latest turnover from February 2024 is estimated at £1.4 million and the company has net assets of £59.4 thousand. According to their latest financial statements, Midlands Vehicle And Plant Leasing Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Turnover
1,422,317
1,372,907
1,114,906
933,647
133,319
Other Income Or Grants
Cost Of Sales
1,130,233
1,093,105
874,038
779,256
108,076
Gross Profit
292,084
279,802
240,868
154,392
25,243
Admin Expenses
291,343
271,806
177,378
156,294
21,750
Operating Profit
741
7,996
63,490
-1,902
3,493
Interest Payable
Interest Receivable
Pre-Tax Profit
741
7,996
63,490
-1,902
3,493
Tax
-185
-1,519
-12,063
-664
Profit After Tax
556
6,477
51,427
-1,902
2,829
Dividends Paid
Retained Profit
556
6,477
51,427
-1,902
2,829
Employee Costs
44,933
42,725
40,584
39,821
39,244
Number Of Employees
1
1
1
1
1
EBITDA*
741
7,996
63,490
-1,902
3,493
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Tangible Assets
30,049
30,049
94,909
407,347
475,616
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
30,049
30,049
94,909
407,347
475,616
Stock & work in progress
Trade Debtors
472,049
473,410
417,722
231,831
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
472,049
473,410
417,722
231,831
total assets
502,098
503,459
512,631
639,178
475,616
Bank overdraft
Bank loan
Trade Creditors
442,711
444,628
416,577
588,251
52,067
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
280,723
total current liabilities
442,711
444,628
416,577
588,251
332,790
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
43,700
50,000
139,997
provisions
total long term liabilities
43,700
50,000
139,997
total liabilities
442,711
444,628
460,277
638,251
472,787
net assets
59,387
58,831
52,354
927
2,829
total shareholders funds
59,387
58,831
52,354
927
2,829
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Operating Activities
Operating Profit
741
7,996
63,490
-1,902
3,493
Depreciation
Amortisation
Tax
-185
-1,519
-12,063
-664
Stock
Debtors
-1,361
55,688
185,891
231,831
Creditors
-1,917
28,051
-171,674
536,184
52,067
Accruals and Deferred Income
-280,723
280,723
Deferred Taxes & Provisions
Cash flow from operations
-21,160
-306,138
21,728
335,619
Investing Activities
capital expenditure
64,860
312,438
68,269
-475,616
Change in Investments
cash flow from investments
64,860
312,438
68,269
-475,616
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-43,700
-6,300
-89,997
139,997
share issue
interest
cash flow from financing
-43,700
-6,300
-89,997
139,997
cash and cash equivalents
cash
overdraft
change in cash
midlands vehicle and plant leasing ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for midlands vehicle and plant leasing ltd. Get real-time insights into midlands vehicle and plant leasing ltd's credit score, group structure and payment trends.
Midlands Vehicle And Plant Leasing Ltd Competitor Analysis
Perform a competitor analysis for midlands vehicle and plant leasing ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in NG1 area or any other competitors across 12 key performance metrics.
midlands vehicle and plant leasing ltd Ownership
MIDLANDS VEHICLE AND PLANT LEASING LTD group structure
Midlands Vehicle And Plant Leasing Ltd has no subsidiary companies.
Ultimate parent company
MIDLANDS VEHICLE AND PLANT LEASING LTD
11807063
MIDLANDS VEHICLE AND PLANT LEASING LTD Shareholders
The largest shareholders in Midlands Vehicle And Plant Leasing Ltd include Martin Singh and Kaur Sunita.
martin singh
50%
kaur sunita
50%
midlands vehicle and plant leasing ltd directors
Midlands Vehicle And Plant Leasing Ltd currently has 1 director, Mr Martin Singh serving since Jul 2019.
midlands vehicle and plant leasing ltd company details
company number
11807063
Type
Private limited with Share Capital
industry
77320 - Renting and leasing of construction and civil engineering machinery and equipment
incorporation date
February 2019
age
6
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
February 2024
previous names
N/A
accountant
-
auditor
-
address
18 the ropewalk, nottingham, NG1 5DT
Bank
-
Legal Advisor
-
midlands vehicle and plant leasing ltd 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 midlands vehicle and plant leasing ltd.
midlands vehicle and plant leasing ltd 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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midlands vehicle and plant leasing ltdCompanies House Filings - See Documents
