BUCKINGHAM PLANT HIRE LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Ad Valorem Audit Services Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. BUCKINGHAM PLANT HIRE LIMITED · parent
   1. Adam Cundell Engineers Limited 100% · England and Wales · Plant Hire
   2. Adam Cundell Holdings Limited 100% · England and Wales · Holding company

Significant events

• “Grant Thornton LLP were duly appointed and BGCL officially entered into Administration on 4th September 2023. Buckingham Plant Hire Limited was subsequently registered as an unsecured creditor with unpaid invoices totalling £1,827,304 in the initial analysis of BGCL's insolvency. The financial impact of the BGCL collapse presented a whole range of existential issues which the Directors of BPHL had to confront and deal with as a matter of urgency, including a significant down-sizing of the Heavy Plant business.”
• “During the period September to December 2023, immediately following the collapse of BGCL, the BPH Directors implemented a programme of disposal sales devised to reduce the size and scope of the BPHL Heavy Plant Fleet by around 40%. This down-sizing exercise was successfully completed by the end of March 2024 by which time the BPHL Heavy Plant Fleet had been reduced from circa 150 Heavy machines down to a residual core inventory of 90 machines in total.”
• “This Schedule highlights the phenomenal reduction in the Company's hire purchase debt which was cut back from £7,591,267 outstanding at the end of June 2023 to just £1,763,984 exactly 18 months later, at the end of December 2024. This represents a reduction of 77% and confirms the successful completion of the initiatives which the Directors introduced in order to consolidate the Company's financial position. During the same period, the Company's overall borrowings reduced by £7.652m, representing an overall reduction in the Company's debt burden of 60.5% which provided further reassurance that the Company's financial stability had been restored following the collapse of BGCL and confirming that BPHL was in a strong position to meet and discharge its statutory obligations and financial commitments going forward from 31st December 2024.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -34.4%

  £22,394,374 → £14,680,245

• Cash

  +5.9%

  £2,757,003 → £2,918,713

• Net assets

  -7.2%

  £15,498,950 → £14,385,061

• Employees

  -16.1%

  112 → 94

• Operating profit

  -161.6%

  £1,834,936 → -£1,129,914

• Profit before tax

  -246.7%

  £1,131,177 → -£1,659,297

• Wages

  -35%

  £5,728,653 → £3,720,800

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers