freedom rental limited
freedom rental limited Company Information
Company Number
12939182
Next Accounts
Sep 2025
Shareholders
roundel limited
Group Structure
View All
Industry
Renting and leasing of cars and light motor vehicles
Registered Address
richard house winckley square, preston, lancashire, PR1 3HP
Website
freedomrental.co.ukfreedom rental limited Estimated Valuation
Pomanda estimates the enterprise value of FREEDOM RENTAL LIMITED at £11.4m based on a Turnover of £11.6m and 0.98x industry multiple (adjusted for size and gross margin).
freedom rental limited Estimated Valuation
Pomanda estimates the enterprise value of FREEDOM RENTAL LIMITED at £91.5k based on an EBITDA of £25.8k and a 3.55x industry multiple (adjusted for size and gross margin).
freedom rental limited Estimated Valuation
Pomanda estimates the enterprise value of FREEDOM RENTAL LIMITED at £209.4k based on Net Assets of £86.2k and 2.43x industry multiple (adjusted for liquidity).
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Freedom Rental Limited Overview
Freedom Rental Limited is a live company located in lancashire, PR1 3HP with a Companies House number of 12939182. It operates in the renting and leasing of cars and light motor vehicles sector, SIC Code 77110. Founded in October 2020, it's largest shareholder is roundel limited with a 100% stake. Freedom Rental Limited is a young, mid sized company, Pomanda has estimated its turnover at £11.6m with rapid growth in recent years.
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Freedom Rental Limited Health Check
Pomanda's financial health check has awarded Freedom Rental Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £11.6m, make it smaller than the average company (£16.4m)
- Freedom Rental Limited
£16.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 157%, show it is growing at a faster rate (8.3%)
- Freedom Rental Limited
8.3% - Industry AVG
Production
with a gross margin of 31.6%, this company has a comparable cost of product (31.6%)
- Freedom Rental Limited
31.6% - Industry AVG
Profitability
an operating margin of 0.2% make it less profitable than the average company (11.7%)
- Freedom Rental Limited
11.7% - Industry AVG
Employees
with 5 employees, this is below the industry average (44)
5 - Freedom Rental Limited
44 - Industry AVG
Pay Structure
on an average salary of £42.1k, the company has an equivalent pay structure (£42.1k)
- Freedom Rental Limited
£42.1k - Industry AVG
Efficiency
resulting in sales per employee of £2.3m, this is more efficient (£311.1k)
- Freedom Rental Limited
£311.1k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (33 days)
- Freedom Rental Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (23 days)
- Freedom Rental Limited
23 days - Industry AVG
Stock Days
it holds stock equivalent to 254 days, this is more than average (11 days)
- Freedom Rental Limited
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (3 weeks)
2 weeks - Freedom Rental Limited
3 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.7%, this is a higher level of debt than the average (79.3%)
98.7% - Freedom Rental Limited
79.3% - Industry AVG
FREEDOM RENTAL LIMITED financials
Freedom Rental Limited's latest turnover from December 2023 is estimated at £11.6 million and the company has net assets of £86.2 thousand. According to their latest financial statements, Freedom Rental Limited has 5 employees and maintains cash reserves of £348 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| 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 | 5 | 3 | 3 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 2,261 | 6,191 | 8,641 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,261 | 6,191 | 8,641 | 0 |
| Stock & work in progress | 5,546,000 | 2,682,228 | 2,587,309 | 0 |
| Trade Debtors | 11,304 | 21,443 | 21,315 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 598,048 | 41,573 | 104,602 | 1 |
| Cash | 348,028 | 1,129,488 | 1,027,902 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 6,503,380 | 3,874,732 | 3,741,128 | 1 |
| total assets | 6,505,641 | 3,880,923 | 3,749,769 | 1 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 17,827 | 6,671 | 1,127 | 0 |
| Group/Directors Accounts | 6,379,246 | 3,815,406 | 3,699,618 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 21,833 | 16,596 | 13,458 | 0 |
| total current liabilities | 6,418,906 | 3,838,673 | 3,714,203 | 0 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 565 | 1,547 | 2,160 | 0 |
| total long term liabilities | 565 | 1,547 | 2,160 | 0 |
| total liabilities | 6,419,471 | 3,840,220 | 3,716,363 | 0 |
| net assets | 86,170 | 40,703 | 33,406 | 1 |
| total shareholders funds | 86,170 | 40,703 | 33,406 | 1 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 3,930 | 3,871 | 1,728 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 2,863,772 | 94,919 | 2,587,309 | 0 |
| Debtors | 546,336 | -62,901 | 125,916 | 1 |
| Creditors | 11,156 | 5,544 | 1,127 | 0 |
| Accruals and Deferred Income | 5,237 | 3,138 | 13,458 | 0 |
| Deferred Taxes & Provisions | -982 | -613 | 2,160 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 2,563,840 | 115,788 | 3,699,618 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | -781,460 | 101,586 | 1,027,902 | 0 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -781,460 | 101,586 | 1,027,902 | 0 |
freedom rental limited Credit Report and Business Information
Freedom Rental Limited Competitor Analysis
Perform a competitor analysis for freedom rental limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in PR1 area or any other competitors across 12 key performance metrics.
freedom rental limited Ownership
FREEDOM RENTAL LIMITED group structure
Freedom Rental Limited has no subsidiary companies.
freedom rental limited directors
Freedom Rental Limited currently has 5 directors. The longest serving directors include Mr Glyn Howes (Oct 2020) and Mr James Houghton (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Glyn Howes | United Kingdom | 62 years | Oct 2020 | - | Director |
| Mr James Houghton | United Kingdom | 65 years | Oct 2020 | - | Director |
| Mr James Houghton | United Kingdom | 65 years | Oct 2020 | - | Director |
| Mr Phillip Jones | United Kingdom | 74 years | Oct 2020 | - | Director |
| Mr Phillip Jones | United Kingdom | 34 years | Jan 2025 | - | Director |
P&L
December 2023turnover
11.6m
+131%
operating profit
21.8k
0%
gross margin
31.6%
+4.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
86.2k
+1.12%
total assets
6.5m
+0.68%
cash
348k
-0.69%
net assets
Total assets minus all liabilities
Similar Companies
freedom rental limited company details
company number
12939182
Type
Private limited with Share Capital
industry
77110 - Renting and leasing of cars and light motor vehicles
incorporation date
October 2020
age
5
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
freedom rentals limited (December 2020)
accountant
MHA
auditor
-
address
richard house winckley square, preston, lancashire, PR1 3HP
Bank
-
Legal Advisor
-
freedom rental 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 freedom rental limited.
freedom rental 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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freedom rental limited Companies House Filings - See Documents
| date | description | view/download |
|---|
