Strathore Plant Hire Limited

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strathore plant hire limited Company Information

Live

MatureMidHigh

Company Number

SC230815

Website

www.strathoreplanthire.com

Registered Address

strathore business park, southend, kirkcaldy, fife, KY1 4EH

Industry

Renting and leasing of construction and civil engineering machinery and equipment

Telephone

01592774236

Next Accounts Due

February 2025

Group Structure

View All

Directors

Craig Muir21 Years

Jack Vettrino2 Years

Shareholders

strathore holdings limited 94.6%

jack vettrino 5.4%

strathore plant hire limited Estimated Valuation

£6.6m

Pomanda estimates the enterprise value of STRATHORE PLANT HIRE LIMITED at £6.6m based on a Turnover of £6.9m and 0.95x industry multiple (adjusted for size and gross margin).

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Strathore Plant Hire Limited is a live company located in kirkcaldy, KY1 4EH with a Companies House number of SC230815. It operates in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in April 2002, it's largest shareholder is strathore holdings limited with a 94.6% stake. Strathore Plant Hire Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.9m with high growth in recent years.

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Pomanda's financial health check has awarded Strathore Plant Hire Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £6.9m, make it smaller than the average company (£12.9m)

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (6.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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STRATHORE PLANT HIRE LIMITED group structure

Strathore Plant Hire Limited has no subsidiary companies.

Ultimate parent company

STRATHORE HOLDINGS LIMITED

SC535138

1 parent

STRATHORE PLANT HIRE LIMITED

SC230815

STRATHORE PLANT HIRE LIMITED Shareholders

strathore holdings limited	94.59%
jack vettrino	5.41%

Strathore Plant Hire Limited currently has 2 directors. The longest serving directors include Mr Craig Muir (May 2002) and Mr Jack Vettrino (Oct 2021).

officer	country	age	start	end	role
Mr Craig Muir	United Kingdom	54 years	May 2002	-	Director
Mr Jack Vettrino		53 years	Oct 2021	-	Director

EXPORT

Strathore Plant Hire Limited's latest turnover from May 2023 is estimated at £6.9 million and the company has net assets of £2.4 million. According to their latest financial statements, Strathore Plant Hire Limited has 59 employees and maintains cash reserves of £546.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	6,946,009	7,603,644	7,113,051	4,457,376	5,277,248	5,291,609	5,625,643	5,094,406	3,451,281	3,686,729	2,086,450	2,450,823	1,723,933	2,479,088
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,552,006	4,956,835	4,830,023	3,084,780	3,561,129	3,473,186	3,659,736	3,363,729	2,317,283	2,467,668	1,417,877	1,648,327	1,144,466	1,665,620
Gross Profit	2,394,003	2,646,809	2,283,028	1,372,596	1,716,119	1,818,423	1,965,907	1,730,677	1,133,997	1,219,061	668,574	802,496	579,467	813,468
Admin Expenses	1,985,866	2,081,082	1,541,344	1,377,828	1,827,753	1,960,799	1,990,676	1,665,546	1,148,282	826,990	221,119	1,010,612	609,764	240,948
Operating Profit	408,137	565,727	741,684	-5,232	-111,634	-142,376	-24,769	65,131	-14,285	392,071	447,455	-208,116	-30,297	572,520
Interest Payable	18,366	14,811	10,171	13,114	23,636	29,138	28,987	16,949	12,782	17,184	11,529	7,185	10,808	7,936
Interest Receivable	14,737	1,593	146	55	477	421	260	345	19	137	262	144	2	2
Pre-Tax Profit	404,508	552,510	731,658	-18,291	-134,793	-171,092	-53,497	48,528	-27,048	375,024	436,187	-215,157	-41,103	564,586
Tax	-101,127	-104,977	-139,015	0	0	0	0	-9,705	0	-78,755	-100,323	0	0	-158,084
Profit After Tax	303,381	447,533	592,643	-18,291	-134,793	-171,092	-53,497	38,822	-27,048	296,269	335,864	-215,157	-41,103	406,502
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	303,381	447,533	592,643	-18,291	-134,793	-171,092	-53,497	38,822	-27,048	296,269	335,864	-215,157	-41,103	406,502
Employee Costs	2,528,538	2,737,576	2,596,659	2,387,001	2,165,118	2,059,931	1,947,392	1,883,197	845,793	960,244	542,086	701,650	487,887	744,769
Number Of Employees	59	67	66	61	56	55	54	54	25	30	17	22	16	25
EBITDA*	728,900	865,901	1,056,528	324,066	512,075	393,952	476,760	532,112	381,379	738,062	749,848	142,804	195,380	911,991

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	2,979,000	3,140,582	3,134,235	2,865,743	3,093,938	2,831,846	2,720,959	2,120,444	2,080,916	1,624,324	1,698,483	1,586,803	1,192,127	1,068,611
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	4,623	9,246
Investments & Other	233,549	0	0	0	0	0	0	0	2	2	2	2	2	2
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	3,212,549	3,140,582	3,134,235	2,865,743	3,093,938	2,831,846	2,720,959	2,120,444	2,080,918	1,624,326	1,698,485	1,586,805	1,196,752	1,077,859
Stock & work in progress	34,450	33,490	31,895	29,825	31,275	29,485	31,896	28,624	23,243	21,692	20,893	19,376	19,376	21,890
Trade Debtors	1,231,217	1,443,939	1,435,058	547,853	1,061,574	1,050,892	1,321,952	1,057,663	776,738	976,863	458,851	424,651	353,488	482,547
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	12,062	0	0	41,441	7,782	130	130	130	0	21,160	0	0	0	76,509
Cash	546,517	108,465	210,170	81,607	28,110	99,005	69,535	138,175	0	7,708	47,053	57,547	129	643
misc current assets	0	0	0	0	0	0	0	0	38,389	0	0	0	0	0
total current assets	1,824,246	1,585,894	1,677,123	700,726	1,128,741	1,179,512	1,423,513	1,224,592	838,370	1,027,423	526,797	501,574	372,993	581,589
total assets	5,036,795	4,726,476	4,811,358	3,566,469	4,222,679	4,011,358	4,144,472	3,345,036	2,919,288	2,651,749	2,225,282	2,088,379	1,569,745	1,659,448
Bank overdraft	40,000	89,831	33,333	133,490	296,473	403,856	492,693	434,900	86,599	306,708	222,041	132,699	78,980	216,296
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	372,679	297,766	537,177	117,224	345,015	327,426	405,177	443,355	870,666	675,355	532,752	874,131	513,177	635,235
Group/Directors Accounts	0	0	0	1	79,548	91,341	99,481	0	0	0	21,629	2,140	33,373	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	367,381	440,560	580,237	487,492	732,349	553,208	469,087	0	0	0	0	0	0	0
other current liabilities	543,569	414,882	532,914	337,209	233,445	191,214	205,857	517,069	0	0	0	0	0	0
total current liabilities	1,323,629	1,243,039	1,683,661	1,075,416	1,686,830	1,567,045	1,672,295	1,395,324	957,265	982,063	776,422	1,008,970	625,530	851,531
loans	86,667	133,333	166,667	0	0	0	0	0	0	0	0	0	9,396	27,885
hp & lease commitments	553,189	729,269	643,557	788,296	786,628	860,405	922,124	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	514,036	494,152	217,153	231,314	288,232	145,187	116,013
provisions	721,028	460,785	430,198	337,250	415,804	249,218	272,052	190,267	161,812	120,937	123,165	99,045	103,846	95,768
total long term liabilities	1,360,884	1,323,387	1,240,422	1,125,546	1,202,432	1,109,623	1,194,176	704,303	655,964	338,090	354,479	387,277	258,429	239,666
total liabilities	2,684,513	2,566,426	2,924,083	2,200,962	2,889,262	2,676,668	2,866,471	2,099,627	1,613,229	1,320,153	1,130,901	1,396,247	883,959	1,091,197
net assets	2,352,282	2,160,050	1,887,275	1,365,507	1,333,417	1,334,690	1,278,001	1,245,409	1,306,059	1,331,596	1,094,381	692,132	685,786	568,251
total shareholders funds	2,352,282	2,160,050	1,887,275	1,365,507	1,333,417	1,334,690	1,278,001	1,245,409	1,306,059	1,331,596	1,094,381	692,132	685,786	568,251

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	408,137	565,727	741,684	-5,232	-111,634	-142,376	-24,769	65,131	-14,285	392,071	447,455	-208,116	-30,297	572,520
Depreciation	320,763	300,174	314,844	329,298	623,709	536,328	501,529	466,981	395,664	345,991	302,393	346,297	221,054	334,848
Amortisation	0	0	0	0	0	0	0	0	0	0	0	4,623	4,623	4,623
Tax	-101,127	-104,977	-139,015	0	0	0	0	-9,705	0	-78,755	-100,323	0	0	-158,084
Stock	960	1,595	2,070	-1,450	1,790	-2,411	3,272	5,381	1,551	799	1,517	0	-2,514	21,890
Debtors	-200,660	8,881	845,764	-480,062	18,334	-271,060	264,289	281,055	-221,285	539,172	34,200	71,163	-205,568	559,056
Creditors	74,913	-239,411	419,953	-227,791	17,589	-77,751	-38,178	-427,311	195,311	142,603	-341,379	360,954	-122,058	635,235
Accruals and Deferred Income	128,687	-118,032	195,705	103,764	42,231	-14,643	-311,212	517,069	0	0	0	0	0	0
Deferred Taxes & Provisions	260,243	30,587	92,948	-78,554	166,586	-22,834	81,785	28,455	40,875	-2,228	24,120	-4,801	8,078	95,768
Cash flow from operations	1,291,316	423,592	778,285	602,997	718,357	552,195	-58,406	354,184	837,299	259,711	296,549	427,794	289,482	903,964
Investing Activities
capital expenditure	-159,181	-306,521	-583,336	-101,103	-885,801	-647,215	-1,102,044	-506,509	-852,256	-271,832	-414,073	-740,973	-344,570	-1,417,328
Change in Investments	233,549	0	0	0	0	0	0	-2	0	0	0	0	0	2
cash flow from investments	-392,730	-306,521	-583,336	-101,103	-885,801	-647,215	-1,102,044	-506,507	-852,256	-271,832	-414,073	-740,973	-344,570	-1,417,330
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-1	-79,547	-11,793	-8,140	99,481	0	0	-21,629	19,489	-31,233	33,373	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-46,666	-33,334	166,667	0	0	0	0	0	0	0	0	-9,396	-18,489	27,885
Hire Purchase and Lease Commitments	-249,259	-53,965	-51,994	-243,189	105,364	22,402	1,391,211	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-514,036	19,884	276,999	-14,161	-56,918	143,045	29,174	116,013
share issue	-111,149	-174,758	-70,875	50,381	133,520	227,781	86,089	-99,472	1,511	-59,054	66,385	221,503	158,638	161,749
interest	-3,629	-13,218	-10,025	-13,059	-23,159	-28,717	-28,727	-16,604	-12,763	-17,047	-11,267	-7,041	-10,806	-7,934
cash flow from financing	-410,703	-275,275	33,772	-285,414	203,932	213,326	1,034,018	-96,192	265,747	-111,891	17,689	316,878	191,890	297,713
cash and cash equivalents
cash	438,052	-101,705	128,563	53,497	-70,895	29,470	-68,640	138,175	-7,708	-39,345	-10,494	57,418	-514	643
overdraft	-49,831	56,498	-100,157	-162,983	-107,383	-88,837	57,793	348,301	-220,109	84,667	89,342	53,719	-137,316	216,296
change in cash	487,883	-158,203	228,720	216,480	36,488	118,307	-126,433	-210,126	212,401	-124,012	-99,836	3,699	136,802	-215,653

P&L

May 2023

turnover

6.9m

-9%

operating profit

408.1k

gross margin

34.5%

-0.99%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

May 2023

net assets

2.4m

+0.09%

total assets

+0.07%

cash

546.5k

+4.04%

net assets

Total assets minus all liabilities

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company number

SC230815

Type

Private limited with Share Capital

industry

77320 - Renting and leasing of construction and civil engineering machinery and equipment

incorporation date

April 2002

age

accounts

Total Exemption Full

ultimate parent company

STRATHORE HOLDINGS LIMITED

previous names

purple venture 144 limited (May 2002)

incorporated

address

strathore business park, southend, kirkcaldy, fife, KY1 4EH

last accounts submitted

May 2023

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 found 2 charges/mortgages relating to strathore plant hire limited. Currently there are 2 open charges and 0 have been satisfied in the past.

strathore plant hire limited Company Information

strathore plant hire limited Estimated Valuation

strathore plant hire limited Estimated Valuation

strathore plant hire limited Estimated Valuation

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