Heat Radiation Limited

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heat radiation limited Company Information

Live

MatureSmallHealthy

Company Number

00835097

Next Accounts

Mar 2025

Industry

Plumbing, heat and air-conditioning installation

Directors

Gordon Comben

Peter Haining

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Shareholders

andrew charles bennett

simon alexander hiscock

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Group Structure

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Contact

Registered Address

belvedere trading estate, belvedere road, taunton, TA1 1BH

Website

www.heatradiationltd.co.uk

heat radiation limited Estimated Valuation

£864.2k

Pomanda estimates the enterprise value of HEAT RADIATION LIMITED at £864.2k based on a Turnover of £2m and 0.43x industry multiple (adjusted for size and gross margin).

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Heat Radiation Limited is a live company located in taunton, TA1 1BH with a Companies House number of 00835097. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in January 1965, it's largest shareholder is andrew charles bennett with a 25% stake. Heat Radiation Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Heat Radiation Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £2m, make it larger than the average company (£348.5k)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (5.1%)

EXPORT

Heat Radiation Limited's latest turnover from June 2023 is estimated at £2 million and the company has net assets of £51.6 thousand. According to their latest financial statements, we estimate that Heat Radiation Limited has 11 employees and maintains cash reserves of £39.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	1,988,327	1,007,340	1,333,929	1,562,573	3,139,313	3,666,971	2,917,127	1,558,626	2,400,120	3,105,105	3,527,704	2,537,479	2,560,889	2,755,659
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,638,724	823,271	1,112,025	1,272,553	2,549,172	2,931,673	2,267,701	1,225,959	1,856,552	2,414,383	2,659,583	1,890,470	1,869,351	2,027,212
Gross Profit	349,603	184,070	221,904	290,021	590,141	735,299	649,426	332,667	543,568	690,723	868,121	647,009	691,538	728,447
Admin Expenses	425,810	177,494	459,544	561,732	694,557	623,325	674,864	314,034	445,897	588,700	837,361	534,953	759,853	106,355
Operating Profit	-76,207	6,576	-237,640	-271,711	-104,416	111,974	-25,438	18,633	97,671	102,023	30,760	112,056	-68,315	622,092
Interest Payable	0	0	0	534	591	0	0	0	0	0	0	0	0	0
Interest Receivable	2,136	1,331	260	177	836	1,510	877	1,932	1,880	1,837	1,940	1,298	1,121	675
Pre-Tax Profit	-74,071	7,906	-237,380	-272,068	-104,171	113,484	-24,561	20,565	99,551	103,860	32,700	113,354	-67,194	622,767
Tax	0	-1,502	0	0	0	-21,562	0	-4,113	-20,906	-23,888	-7,848	-29,472	0	-174,375
Profit After Tax	-74,071	6,404	-237,380	-272,068	-104,171	91,922	-24,561	16,452	78,645	79,972	24,852	83,882	-67,194	448,392
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-74,071	6,404	-237,380	-272,068	-104,171	91,922	-24,561	16,452	78,645	79,972	24,852	83,882	-67,194	448,392
Employee Costs	350,014	196,595	728,515	792,000	830,774	915,603	1,165,552	1,176,069	310,908	463,524	549,924	454,253	482,068	482,479
Number Of Employees	11	6	22	24	24	26	34	33	9	13	16	13	15	15
EBITDA*	-64,656	20,273	-221,724	-252,559	-82,547	148,539	2,669	42,043	116,266	108,811	36,881	119,895	-59,171	631,971

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	29,881	39,805	51,734	62,897	67,380	92,361	92,400	81,224	69,964	46,506	15,305	21,426	26,012	35,156
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	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	29,881	39,805	51,734	62,897	67,380	92,361	92,400	81,224	69,964	46,506	15,305	21,426	26,012	35,156
Stock & work in progress	20,000	20,000	19,961	89,348	100,274	99,794	90,534	106,501	101,487	113,392	106,218	107,012	96,348	96,693
Trade Debtors	697,967	304,440	359,869	408,548	1,175,980	1,324,457	863,143	244,173	659,980	858,945	892,349	697,608	679,031	708,896
Group Debtors	87,384	58,165	58,165	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	143,733	153,014	103,532	98,396	117,543	45,945	22,597	510,389	0	0	0	0	0	0
Cash	39,809	45,632	167,255	353,273	52	222,799	381,133	320,625	452,073	299,756	435,124	340,949	178,391	269,860
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	988,893	581,251	708,782	949,565	1,393,849	1,692,995	1,357,407	1,181,688	1,213,540	1,272,093	1,433,691	1,145,569	953,770	1,075,449
total assets	1,018,774	621,056	760,516	1,012,462	1,461,229	1,785,356	1,449,807	1,262,912	1,283,504	1,318,599	1,448,996	1,166,995	979,782	1,110,605
Bank overdraft	0	0	0	0	17,498	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	334,671	301,391	487,626	403,584	622,546	898,858	671,283	445,253	620,463	740,625	957,929	700,089	595,947	658,487
Group/Directors Accounts	484,533	144,533	84,533	84,533	152,673	56,293	0	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	147,994	49,485	60,466	162,789	28,957	82,149	122,171	136,797	0	0	0	0	0	0
total current liabilities	967,198	495,409	632,625	650,906	821,674	1,037,300	793,454	582,050	620,463	740,625	957,929	700,089	595,947	658,487
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	8,648	4,933	10,864	15,194	15,413	15,361	13,992	7,570	635	1,326	2,137	3,226
total long term liabilities	0	0	8,648	4,933	10,864	15,194	15,413	15,361	13,992	7,570	635	1,326	2,137	3,226
total liabilities	967,198	495,409	641,273	655,839	832,538	1,052,494	808,867	597,411	634,455	748,195	958,564	701,415	598,084	661,713
net assets	51,576	125,647	119,243	356,623	628,691	732,862	640,940	665,501	649,049	570,404	490,432	465,580	381,698	448,892
total shareholders funds	51,576	125,647	119,243	356,623	628,691	732,862	640,940	665,501	649,049	570,404	490,432	465,580	381,698	448,892

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-76,207	6,576	-237,640	-271,711	-104,416	111,974	-25,438	18,633	97,671	102,023	30,760	112,056	-68,315	622,092
Depreciation	11,551	13,697	15,916	19,152	21,869	36,565	28,107	23,410	18,595	6,788	6,121	7,839	9,144	9,879
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-1,502	0	0	0	-21,562	0	-4,113	-20,906	-23,888	-7,848	-29,472	0	-174,375
Stock	0	39	-69,387	-10,926	480	9,260	-15,967	5,014	-11,905	7,174	-794	10,664	-345	96,693
Debtors	413,465	-5,947	14,622	-786,579	-76,879	484,662	131,178	94,582	-198,965	-33,404	194,741	18,577	-29,865	708,896
Creditors	33,280	-186,235	84,042	-218,962	-276,312	227,575	226,030	-175,210	-120,162	-217,304	257,840	104,142	-62,540	658,487
Accruals and Deferred Income	98,509	-10,981	-102,323	133,832	-53,192	-40,022	-14,626	136,797	0	0	0	0	0	0
Deferred Taxes & Provisions	0	-8,648	3,715	-5,931	-4,330	-219	52	1,369	6,422	6,935	-691	-811	-1,089	3,226
Cash flow from operations	-346,332	-181,185	-181,525	453,885	-339,982	-179,611	98,914	-98,710	192,490	-99,216	92,235	164,513	-92,590	313,720
Investing Activities
capital expenditure	-1,627	-1,768	-4,753	-14,669	3,112	-36,526	-39,283	-34,670	-42,053	-37,989	0	-3,253	0	-45,035
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,627	-1,768	-4,753	-14,669	3,112	-36,526	-39,283	-34,670	-42,053	-37,989	0	-3,253	0	-45,035
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	340,000	60,000	0	-68,140	96,380	56,293	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	500
interest	2,136	1,331	260	-357	245	1,510	877	1,932	1,880	1,837	1,940	1,298	1,121	675
cash flow from financing	342,136	61,331	260	-68,497	96,625	57,803	877	1,932	1,880	1,837	1,940	1,298	1,121	1,175
cash and cash equivalents
cash	-5,823	-121,623	-186,018	353,221	-222,747	-158,334	60,508	-131,448	152,317	-135,368	94,175	162,558	-91,469	269,860
overdraft	0	0	0	-17,498	17,498	0	0	0	0	0	0	0	0	0
change in cash	-5,823	-121,623	-186,018	370,719	-240,245	-158,334	60,508	-131,448	152,317	-135,368	94,175	162,558	-91,469	269,860

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HEAT RADIATION LIMITED group structure

Heat Radiation Limited has no subsidiary companies.

Ultimate parent company

ECO ENVIRONMENTAL ENGINEERING LTD

09075553

1 parent

HEAT RADIATION LIMITED

00835097

HEAT RADIATION LIMITED Shareholders

andrew charles bennett	25%
simon alexander hiscock	25%
mr christopher brian gray	25%
spencer james larkman	25%

Heat Radiation Limited currently has 3 directors. The longest serving directors include Mr Gordon Comben (Oct 2017) and Mr Peter Haining (Oct 2017).

officer	country	age	start	end	role
Mr Gordon Comben		85 years	Oct 2017	-	Director
Mr Peter Haining	England	68 years	Oct 2017	-	Director
Mr Craig Read	England	44 years	Nov 2021	-	Director

P&L

June 2023

turnover

+97%

operating profit

-76.2k

gross margin

17.6%

-3.78%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2023

net assets

51.6k

-0.59%

total assets

+0.64%

cash

39.8k

-0.13%

net assets

Total assets minus all liabilities

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company number

00835097

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

January 1965

ultimate parent company

ECO ENVIRONMENTAL ENGINEERING LTD

previous names

N/A

address

belvedere trading estate, belvedere road, taunton, TA1 1BH

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 found 4 charges/mortgages relating to heat radiation limited. Currently there are 0 open charges and 4 have been satisfied in the past.

heat radiation limited Company Information

heat radiation limited Estimated Valuation

heat radiation limited Estimated Valuation

heat radiation limited Estimated Valuation

Heat Radiation Limited Overview

Heat Radiation Limited Health Check

HEAT RADIATION LIMITED financials

heat radiation limited Credit Report and Business Information

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heat radiation limited Ownership

heat radiation limited directors

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