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Company No. 00950139 · Incorporated 18 Mar 1969

Pickerings Hire Limited

Registered name: PICKERINGS HIRE LIMITED

Part of Bloor Investments Limited group

Pickerings Hire Limited made £70.6m revenue and £11.7m profit in the year to 30 Jun 2024.

Pickerings Hire Limited’s revenue grew 8% to £70.6m in the year to 30 Jun 2024, with £11.7m profit and 279 employees. The company is classified under “other specialised construction activities” and is based in Swadlincote; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43999Other specialised construction activities n.e.c.
Status
Active
Location
Swadlincote, East Midlands
Age
57 yrs · since 1969
Type
Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 30 Jun 2024

Key figures

Boring industry
Revenue
£70.6m
Growth ▲8%
Profit
£11.7m
Growth ▼10.2%
Profit margin
16.6%
Gross 42.8%
Employees
279
Change ▲5.3%
Profit / employee
£42k
Revenue/employee £253k
Profitable streak
3yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to30 Jun 202230 Jun 202330 Jun 2024
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£66.2m£65.4m£70.6m
Cost of sales£32.8m£34.6m£40.4m
Gross profit£33.4m£30.7m£30.2m
Operating profit£19.9m£16.5m£15.4m
Profit before tax£19.8m£16.7m£15.8m
Profit after tax£15.8m£13m£11.7m
Profit (best available)£15.8m£13m£11.7m
Staff costs£14.3m£16.9m£18.7m
Employees (average)257265279
Ratios
Profit margin23.8%19.9%16.6%
Gross margin50.4%47%42.8%
Revenue per employee£258k£247k£253k
Profit per employee£61.4k£49.2k£42k
Growth (year on year)
Revenue growth—▼1.3%▲8%
Profit growth—▼17.4%▼10.2%
Headcount growth—▲3.1%▲5.3%
Balance sheet — indirect signals, not revenue
Cash at bank£10.3m£11m£19.2m
Net assets£109m£122m£133m
Fixed assets£104m£114m£119m
Current assets£25.2m£26.6m£35.2m
Debtors£12.8m£12.9m£13.1m
Deferred income£2.4m£2.2m£2.3m
SourceFullAccounts · bulk data Jan 2024FullAccounts · bulk data Jan 2024FullAccounts · bulk data Jan 2025
Derived from the latest filing

How the business works

Profit margin
16.6%
Profit ÷ revenue.
Gross margin
42.8%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£253k
Revenue ÷ average employees.
Profit per employee
£42k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
168.8%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
3.3%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
18.6%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets
▲10%
Now £133m
Cash at bank
▲74%
Now £19.2m
Headcount
▲5%
Now 279
Deferred income
▲4%
Now £2.3m
Fixed assets
▲4%
Now £119m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. Bloor Investments Limitedultimate parent75–100%
  2. Bloor Holdings Limited75–100%
  3. Pickerings Hire Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (46)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Jun 2024 (profit £11.7m), from the Companies House accounts bulk data published Jan 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.