Lynch Plant Hire (L. Lynch Plant Hire & Haulage Limited) is worth £47,449,576.00 as of 2024.
This valuation is based on the company's net worth, which represents the total value of the company's assets minus its liabilities. It provides a snapshot of the company's financial health and shareholder equity at a specific point in time.
Understanding Lynch Plant Hire's Financial Snapshot
To provide a comprehensive understanding of Lynch Plant Hire's financial standing, here's a breakdown of key figures over recent years:
| Financial Metric | 2020 | 2024 |
|---|---|---|
| Net Worth | £19,879,937.00 | £47,449,576.00 |
| Cash | £2,210,098.00 | £2,726,462.00 |
| Total Current Assets | £16,735,413.00 | £25,603,212.00 |
| Total Current Liabilities | £13,270,093.00 | £38,117,733.00 |
Key Insights from the Data:
- Significant Growth in Net Worth: The net worth of Lynch Plant Hire has seen substantial growth from just under £20 million in 2020 to over £47 million in 2024. This indicates a strong increase in the company's intrinsic value.
- Asset and Liability Changes:
- Total Current Assets have also increased considerably, reflecting a larger base of short-term resources available to the company.
- Total Current Liabilities have risen sharply, suggesting increased short-term obligations or perhaps strategic borrowing to fund operations or expansion.
- Cash Position: The company's cash reserves have also grown, indicating a healthy liquidity position to meet immediate financial obligations.
What Does "Net Worth" Represent?
Net worth, also known as owner's equity or shareholders' equity, is a fundamental financial indicator. It is calculated by subtracting a company's total liabilities from its total assets. Essentially, it's what would be left if the company sold all its assets and paid off all its debts.
- Assets include everything the company owns that has value, such as cash, accounts receivable, inventory, property, plant, and equipment.
- Liabilities are what the company owes to others, including accounts payable, loans, and other debts.
A growing net worth, as seen with Lynch Plant Hire, generally signifies a financially strong and healthy business.
