HUGHES RENTAL 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

Standalone (parent only)

Auditor

Larking Gowen LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared forecasts taking into consideration reasonable assumptions around expected trading performance, profitability and cash flows arising from the different parts of the Group's business. These forecasts indicate that the Group has headroom within its working capital facilities across the period. Based on this, the Directors have concluded that they have a reasonable expectation that the Group will have adequate resources to continue in operational existence for the foreseeable future, being at least twelve months from the date of signing these financial statements. They therefore continue to adopt the going concern basis of accounting in preparing these financial statements.”

Significant events

• “4 stores (nearly a fifth of the base) were closed in this 2 year period.”
• “Investment in new equipment rose from £5.80m to £5.95m.”
• “A rise in inflation and near 10% uplift in living wage caused a rise in service charge and resulted in a near 13% uplift in overheads.”
• “£2.02m amortisation of the goodwill created on the formation of the company.”
• “Made 77 redundancies throughout the group to improve efficiency.”
• “Increased investment in commercial laundry rental.”

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

Filings

2

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

  -0.1%

  £23,338,193 → £23,310,505

• Cash

  —

  Not reported

• Net assets

  -26.2%

  £2,534,873 → £1,870,637

• Employees

  -53.8%

  26 → 12

• Operating profit

  -73.9%

  £2,490,169 → £648,780

• Profit before tax

  -105.6%

  £1,761,608 → -£99,231

• Wages

  -54%

  £605,534 → £278,500

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers