turner & hickman limited
turner & hickman limited Company Information
Company Number
SC318140
Registered Address
19 woodside crescent, glasgow, G3 7UL
Industry
Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Telephone
01414400666
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
speedy international asset services (holdings) limited 50%
denholm oilfield services (kazakhstan) limited 50%
turner & hickman limited Estimated Valuation
Pomanda estimates the enterprise value of TURNER & HICKMAN LIMITED at £338k based on a Turnover of £611.3k and 0.55x industry multiple (adjusted for size and gross margin).
turner & hickman limited Estimated Valuation
Pomanda estimates the enterprise value of TURNER & HICKMAN LIMITED at £58.6k based on an EBITDA of £26k and a 2.25x industry multiple (adjusted for size and gross margin).
turner & hickman limited Estimated Valuation
Pomanda estimates the enterprise value of TURNER & HICKMAN LIMITED at £436.1k based on Net Assets of £214.4k and 2.03x industry multiple (adjusted for liquidity).
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Turner & Hickman Limited Overview
Turner & Hickman Limited is a live company located in glasgow, G3 7UL with a Companies House number of SC318140. It operates in the renting and leasing of other machinery, equipment and tangible goods n.e.c. sector, SIC Code 77390. Founded in March 2007, it's largest shareholder is speedy international asset services (holdings) limited with a 50% stake. Turner & Hickman Limited is a established, small sized company, Pomanda has estimated its turnover at £611.3k with declining growth in recent years.
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Turner & Hickman Limited Health Check
Pomanda's financial health check has awarded Turner & Hickman Limited a 3 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
3 Strong
1 Regular
6 Weak
Size
annual sales of £611.3k, make it smaller than the average company (£9.1m)
£611.3k - Turner & Hickman Limited
£9.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -45%, show it is growing at a slower rate (6%)
-45% - Turner & Hickman Limited
6% - Industry AVG
Production
with a gross margin of 22.9%, this company has a higher cost of product (48.1%)
22.9% - Turner & Hickman Limited
48.1% - Industry AVG
Profitability
an operating margin of 4.3% make it less profitable than the average company (13.7%)
4.3% - Turner & Hickman Limited
13.7% - Industry AVG
Employees
with 4 employees, this is below the industry average (37)
- Turner & Hickman Limited
37 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Turner & Hickman Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £152.8k, this is less efficient (£202k)
- Turner & Hickman Limited
£202k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Turner & Hickman Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 52 days, this is close to average (48 days)
52 days - Turner & Hickman Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (22 days)
0 days - Turner & Hickman Limited
22 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 62 weeks, this is more cash available to meet short term requirements (6 weeks)
62 weeks - Turner & Hickman Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 27.4%, this is a lower level of debt than the average (64.8%)
27.4% - Turner & Hickman Limited
64.8% - Industry AVG
TURNER & HICKMAN LIMITED financials
Turner & Hickman Limited's latest turnover from December 2022 is £611.3 thousand and the company has net assets of £214.4 thousand. According to their latest financial statements, we estimate that Turner & Hickman Limited has 4 employees and maintains cash reserves of £97.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 611,329 | 589,773 | 670,959 | 3,596,690 | 3,669,284 | 3,647,712 | 5,281,494 | 2,829,047 | 2,551,796 | 2,872,784 | 7,433,632 | 1,762,545 | 3,793,690 | 849,819 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 471,290 | 424,612 | 605,605 | 2,716,071 | 2,391,788 | 2,551,299 | 3,006,009 | 2,059,115 | 1,655,328 | 2,382,476 | 5,990,232 | 1,563,526 | 3,579,694 | 714,690 |
| Gross Profit | 140,039 | 165,161 | 65,354 | 880,619 | 1,277,497 | 1,096,414 | 2,275,485 | 769,932 | 896,468 | 490,308 | 1,443,400 | 199,019 | 213,996 | 135,129 |
| Admin Expenses | 114,067 | 115,204 | 133,928 | 132,635 | 94,387 | 54,212 | 100,416 | 84,680 | 97,125 | 227,460 | 136,187 | 263,096 | 254,601 | 188,540 |
| Operating Profit | 25,972 | 49,957 | -68,574 | 747,984 | 1,183,110 | 1,042,202 | 2,175,069 | 685,252 | 799,343 | 262,848 | 1,307,213 | -64,077 | -40,605 | -53,411 |
| Interest Payable | 34,329 | 41,906 | 73,321 | 95,023 | 68,432 | 121,415 | 152,132 | 155,207 | 153,953 | 101,675 | 61,385 | 44,115 | 48,613 | 0 |
| Interest Receivable | 80,417 | 98,168 | 181,109 | 241,710 | 263,365 | 304,290 | 351,710 | 358,610 | 359,534 | 27,113 | 923 | 746 | 522 | 37,267 |
| Pre-Tax Profit | 7,405,601 | 2,899,950 | 1,627,777 | 2,399,360 | 2,608,767 | 1,225,077 | 2,374,648 | 888,655 | 1,004,925 | 314,653 | 1,246,751 | -107,446 | -88,696 | -16,144 |
| Tax | -394,887 | -185,080 | -41,990 | -191,926 | -262,400 | -249,091 | -492,552 | -186,869 | -266,851 | -148,846 | -571,988 | 29,018 | 25,166 | 4,519 |
| Profit After Tax | 7,010,714 | 2,714,870 | 1,585,787 | 2,207,434 | 2,346,367 | 975,987 | 1,882,095 | 701,786 | 738,074 | 165,807 | 674,763 | -78,428 | -63,530 | -11,625 |
| Dividends Paid | 7,331,600 | 2,654,043 | 1,588,562 | 2,180,708 | 3,152,777 | 0 | 0 | 0 | 0 | 0 | 400,000 | 0 | 0 | 0 |
| Retained Profit | -320,886 | 60,826 | -2,776 | 26,726 | -806,410 | 975,987 | 1,882,095 | 701,786 | 738,074 | 165,807 | 274,763 | -78,428 | -63,530 | -11,625 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53,705 | 40,735 | 72,280 | 65,023 | 25,538 |
| Number Of Employees | 1 | 1 | 2 | 2 | 1 | |||||||||
| EBITDA* | 25,972 | 49,957 | -68,574 | 747,984 | 1,183,110 | 1,043,091 | 2,291,476 | 896,859 | 1,192,776 | 785,140 | 1,441,360 | -10,441 | 19,327 | -42,964 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 118,685 | 327,622 | 936,724 | 896,961 | 173,693 | 227,329 | 173,261 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 776 | 776 | 883 | 727 | 760 | 801 | 767 | 776 | 770 | 1,000 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 776 | 776 | 883 | 727 | 760 | 801 | 1,617 | 119,461 | 328,393 | 937,724 | 896,961 | 173,693 | 227,329 | 173,261 |
| Stock & work in progress | 1,014 | 84,801 | 1,672 | 820 | 5,286 | 4,041 | 15,797 | 52,111 | 21,788 | 0 | 0 | 15,029 | 62,120 | 23,547 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 230,045 | 78,908 | 19,053 | 220,423 | 25,093 |
| Group Debtors | 119,440 | 1,079,350 | 1,372,645 | 2,557,353 | 3,394,192 | 3,174,659 | 3,110,156 | 5,559,321 | 5,031,574 | 4,227,961 | 2,554,539 | 1,022,246 | 2,617,981 | 616,099 |
| Misc Debtors | 76,322 | 104,251 | 130,293 | 196,143 | 230,702 | 168,380 | 80,852 | 183,696 | 179,353 | 103,684 | 146,769 | 93,719 | 80,670 | 236,528 |
| Cash | 97,861 | 575,178 | 637,908 | 76,918 | 160,921 | 875,535 | 234,658 | 249,095 | 71,331 | 168,135 | 132,886 | 44,797 | 85,032 | 50,516 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 294,638 | 1,843,581 | 2,142,520 | 2,831,235 | 3,791,102 | 4,222,616 | 3,441,464 | 6,044,224 | 5,304,047 | 4,729,825 | 2,913,102 | 1,194,844 | 3,066,226 | 951,783 |
| total assets | 295,414 | 1,844,357 | 2,143,402 | 2,831,962 | 3,791,862 | 4,223,417 | 3,443,081 | 6,163,685 | 5,632,439 | 5,667,549 | 3,810,063 | 1,368,537 | 3,293,555 | 1,125,044 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 67,623 | 217,507 | 364,088 | 579,317 | 700,267 | 341,228 | 103,474 | 221,264 | 253,337 | 31,591 | 326,524 | 114,799 | 476,088 | 111,491 |
| Group/Directors Accounts | 0 | 1,054,652 | 1,199,386 | 1,722,109 | 2,557,430 | 2,423,267 | 2,937,790 | 3,906,118 | 3,874,547 | 5,027,398 | 2,852,737 | 754,957 | 2,059,527 | 475,929 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,131 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 13,377 | 36,898 | 40,341 | 83,816 | 95,218 | 145,726 | 79,086 | 176,827 | 354,092 | 75,594 | 390,382 | 544,968 | 720,353 | 447,046 |
| total current liabilities | 81,000 | 1,309,057 | 1,603,815 | 2,385,242 | 3,352,916 | 2,910,222 | 3,120,351 | 4,304,210 | 4,484,107 | 5,134,583 | 3,569,643 | 1,414,724 | 3,255,968 | 1,034,466 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19,240 | 7,396 | 12,742 | 2,203 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19,240 | 7,396 | 12,742 | 2,203 |
| total liabilities | 81,000 | 1,309,057 | 1,603,815 | 2,385,242 | 3,352,916 | 2,910,222 | 3,120,351 | 4,304,210 | 4,484,107 | 5,134,583 | 3,588,883 | 1,422,120 | 3,268,710 | 1,036,669 |
| net assets | 214,414 | 535,300 | 539,587 | 446,719 | 438,946 | 1,313,196 | 322,730 | 1,859,475 | 1,148,332 | 532,966 | 221,180 | -53,583 | 24,845 | 88,375 |
| total shareholders funds | 214,414 | 535,300 | 539,587 | 446,719 | 438,946 | 1,313,196 | 322,730 | 1,859,475 | 1,148,332 | 532,966 | 221,180 | -53,583 | 24,845 | 88,375 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 25,972 | 49,957 | -68,574 | 747,984 | 1,183,110 | 1,042,202 | 2,175,069 | 685,252 | 799,343 | 262,848 | 1,307,213 | -64,077 | -40,605 | -53,411 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 888 | 116,407 | 211,607 | 393,432 | 522,292 | 134,147 | 53,636 | 59,932 | 10,447 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -394,887 | -185,080 | -41,990 | -191,926 | -262,400 | -249,091 | -492,552 | -186,869 | -266,851 | -148,846 | -571,988 | 29,018 | 25,166 | 4,519 |
| Stock | -83,787 | 83,130 | 852 | -4,466 | 1,245 | -11,755 | -36,314 | 30,323 | 21,788 | 0 | -15,029 | -47,091 | 38,573 | 23,547 |
| Debtors | -987,840 | -319,337 | -1,250,558 | -871,398 | 281,855 | 152,032 | -2,552,010 | 532,091 | 649,237 | 1,781,474 | 1,645,198 | -1,784,056 | 2,041,354 | 877,720 |
| Creditors | -149,884 | -146,581 | -215,229 | -120,951 | 359,039 | 237,754 | -117,790 | -32,073 | 221,746 | -294,933 | 211,725 | -361,289 | 364,597 | 111,491 |
| Accruals and Deferred Income | -23,521 | -3,443 | -43,475 | -11,402 | -50,508 | 66,640 | -97,741 | -177,265 | 278,498 | -314,788 | -154,586 | -175,385 | 273,307 | 447,046 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -19,240 | 11,844 | -5,346 | 10,539 | 2,203 |
| Cash flow from operations | 529,307 | -48,940 | 880,438 | 1,299,569 | 946,141 | 958,116 | 4,171,717 | -61,762 | 755,143 | -1,774,141 | -691,814 | 1,307,704 | -1,386,991 | -378,972 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | -106 | 156 | -33 | -41 | 34 | -9 | 6 | -230 | 1,000 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,054,652 | -144,734 | -522,724 | -835,320 | 134,163 | -514,524 | -968,328 | 31,571 | -1,152,851 | 2,174,661 | 2,097,780 | -1,304,570 | 1,583,598 | 475,929 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,131 | 2,131 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 46,088 | 56,262 | 107,788 | 146,687 | 194,933 | 182,875 | 199,578 | 203,403 | 205,581 | -74,562 | -60,462 | -43,369 | -48,091 | 37,267 |
| cash flow from financing | -1,008,564 | -153,585 | -319,293 | -707,586 | 261,257 | -317,171 | -4,187,590 | 242,200 | -1,067,847 | 2,246,078 | 2,037,318 | -1,347,939 | 1,535,507 | 613,196 |
| cash and cash equivalents | ||||||||||||||
| cash | -477,316 | -62,731 | 560,990 | -84,003 | -714,614 | 640,876 | -14,437 | 177,764 | -96,804 | 35,249 | 88,089 | -40,235 | 34,516 | 50,516 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -477,316 | -62,731 | 560,990 | -84,003 | -714,614 | 640,876 | -14,437 | 177,764 | -96,804 | 35,249 | 88,089 | -40,235 | 34,516 | 50,516 |
turner & hickman limited Credit Report and Business Information
Turner & Hickman Limited Competitor Analysis
Perform a competitor analysis for turner & hickman limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
turner & hickman limited Ownership
TURNER & HICKMAN LIMITED group structure
Turner & Hickman Limited has no subsidiary companies.
Ultimate parent company
TURNER & HICKMAN LIMITED
SC318140
turner & hickman limited directors
Turner & Hickman Limited currently has 5 directors. The longest serving directors include Mr Michael Beveridge (Nov 2013) and Mr Michael Beveridge (Nov 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Beveridge | United Kingdom | 58 years | Nov 2013 | - | Director |
| Mr Michael Beveridge | United Kingdom | 57 years | Nov 2013 | - | Director |
| Mr Martin Clark | United Kingdom | 50 years | May 2019 | - | Director |
| Mr Derek Bailey | England | 50 years | Oct 2022 | - | Director |
| Mr Daniel Evans | United Kingdom | 38 years | Oct 2022 | - | Director |
P&L
December 2022turnover
611.3k
+4%
operating profit
26k
-48%
gross margin
23%
-18.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
214.4k
-0.6%
total assets
295.4k
-0.84%
cash
97.9k
-0.83%
net assets
Total assets minus all liabilities
turner & hickman limited company details
company number
SC318140
Type
Private limited with Share Capital
industry
77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.
incorporation date
March 2007
age
17
accounts
Small Company
ultimate parent company
previous names
macrocom (973) limited (December 2008)
incorporated
UK
address
19 woodside crescent, glasgow, G3 7UL
last accounts submitted
December 2022
turner & hickman 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 turner & hickman limited.
turner & hickman limited Companies House Filings - See Documents
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