Mhs Radiators Limited

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mhs radiators limited Company Information

Live

MatureMidLow

Company Number

01845418

Website

www.mhsradiators.co.uk

Registered Address

unit 4 genesis, endeavour drive, basildon, essex, SS14 3WF

Industry

Non-specialised wholesale trade

Telephone

01268546700

Next Accounts Due

September 2024

Group Structure

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Directors

Ian Bradley24 Years

Kevin Mainstone23 Years

View All

Shareholders

modular heating group ltd 100%

mhs radiators limited Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of MHS RADIATORS LIMITED at £2.7m based on a Turnover of £7m and 0.38x industry multiple (adjusted for size and gross margin).

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Mhs Radiators Limited is a live company located in basildon, SS14 3WF with a Companies House number of 01845418. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in September 1984, it's largest shareholder is modular heating group ltd with a 100% stake. Mhs Radiators Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7m with low growth in recent years.

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Pomanda's financial health check has awarded Mhs Radiators Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

4 Regular

7 Weak

Size

annual sales of £7m, make it smaller than the average company (£14.6m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (4.3%)

EXPORT

Mhs Radiators Limited's latest turnover from December 2022 is estimated at £7 million and the company has net assets of £1.6 million. According to their latest financial statements, Mhs Radiators Limited has 24 employees and maintains cash reserves of £364.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	7,005,830	6,604,907	6,460,483	6,813,574	4,526,689	3,971,605	4,602,919	4,880,607	5,021,233	5,541,810	5,913,893	6,862,449	7,362,935	7,245,151
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,042,738	4,776,909	4,704,467	4,954,948	3,316,286	2,882,730	3,299,454	2,907,243	3,004,169	3,359,076	3,575,927	4,120,205	4,310,557	4,281,830
Gross Profit	1,963,092	1,827,998	1,756,016	1,858,626	1,210,403	1,088,875	1,303,465	1,973,364	2,017,064	2,182,734	2,337,966	2,742,244	3,052,378	2,963,321
Admin Expenses	1,768,446	1,276,550	1,889,388	1,741,481	1,154,608	1,084,357	1,360,218	1,866,306	1,964,106	2,142,180	2,159,505	2,469,702	2,550,829	2,408,196
Operating Profit	194,646	551,448	-133,372	117,145	55,795	4,518	-56,753	107,058	52,958	40,554	178,461	272,542	501,549	555,125
Interest Payable	3,844	2,977	1,525	0	0	0	0	0	0	0	0	0	0	2
Interest Receivable	9,708	553	335	2,950	3,579	2,633	1,116	46	71	437	1,406	145	69	366
Pre-Tax Profit	200,510	549,023	-134,562	120,095	59,374	7,152	-55,637	107,104	53,029	40,991	179,867	272,687	501,618	555,489
Tax	-38,097	-104,314	0	-22,818	-11,281	-1,359	0	-25,232	-11,432	-9,775	-39,260	-68,116	-131,976	-163,168
Profit After Tax	162,413	444,709	-134,562	97,277	48,093	5,793	-55,637	81,872	41,597	31,216	140,607	204,571	369,642	392,321
Dividends Paid	0	0	0	0	0	0	0	0	0	0	100,000	0	0	300,000
Retained Profit	162,413	444,709	-134,562	97,277	48,093	5,793	-55,637	81,872	41,597	31,216	40,607	204,571	369,642	92,321
Employee Costs	1,010,116	962,575	1,094,395	1,123,902	845,588	721,173	952,095	926,761	573,469	674,638	698,722	820,690	902,322	1,344,973
Number Of Employees	24	24	29	30	23	20	27	27	17	20	21	25	28	38
EBITDA*	245,219	595,977	-100,303	136,437	58,440	4,906	-55,526	109,072	55,062	42,474	179,444	273,292	508,983	569,380

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	163,782	164,054	130,346	119,022	35,519	408	796	1,597	3,611	4,779	4,399	3,197	1,366	21,447
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)	232,447	232,447	232,447	232,446	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	396,229	396,501	362,793	351,468	35,519	408	796	1,597	3,611	4,779	4,399	3,197	1,366	21,447
Stock & work in progress	1,070,838	1,225,889	911,767	920,345	826,474	823,230	752,737	792,658	777,626	863,639	741,459	753,290	781,359	990,227
Trade Debtors	951,529	930,845	863,909	952,849	595,347	504,261	670,238	744,153	632,547	782,100	878,425	1,037,208	1,067,952	1,012,010
Group Debtors	543,945	260,642	219,322	7,210	0	0	0	0	0	0	0	0	0	0
Misc Debtors	190,908	239,926	145,139	259,387	22,150	139,141	47,227	67,377	91,014	80,351	27,277	31,533	22,660	78,615
Cash	364,785	189,967	252,524	417,753	368,968	585,440	467,929	424,874	645,105	579,218	669,593	290,462	730,019	242,318
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,122,005	2,847,269	2,392,661	2,557,544	1,812,939	2,052,072	1,938,131	2,029,062	2,146,292	2,305,308	2,316,754	2,112,493	2,601,990	2,323,170
total assets	3,518,234	3,243,770	2,755,454	2,909,012	1,848,458	2,052,480	1,938,927	2,030,659	2,149,903	2,310,087	2,321,153	2,115,690	2,603,356	2,344,617
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	35,650	45,276	50,000	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,275,082	995,230	982,171	1,047,022	549,183	533,827	472,847	599,576	441,655	718,564	618,091	568,459	451,493	671,522
Group/Directors Accounts	157,436	278,254	160,322	415,786	119,194	423,419	301,386	161,555	505,456	517,307	538,947	326,125	1,081,334	1,034,277
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	2,319	12,364	18,484	17,166	0	0	0	0	0	0	0	0	0	0
other current liabilities	470,943	495,936	566,349	297,864	175,123	138,369	213,622	262,819	277,955	190,976	312,091	409,689	463,683	401,614
total current liabilities	1,941,430	1,827,060	1,777,326	1,777,838	843,500	1,095,615	987,855	1,023,950	1,225,066	1,426,847	1,469,129	1,304,273	1,996,510	2,107,413
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	2,009	4,328	10,455	28,939	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	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	2,009	4,328	10,455	28,939	0	0	0	0	0	0	0	0	0	0
total liabilities	1,943,439	1,831,388	1,787,781	1,806,777	843,500	1,095,615	987,855	1,023,950	1,225,066	1,426,847	1,469,129	1,304,273	1,996,510	2,107,413
net assets	1,574,795	1,412,382	967,673	1,102,235	1,004,958	956,865	951,072	1,006,709	924,837	883,240	852,024	811,417	606,846	237,204
total shareholders funds	1,574,795	1,412,382	967,673	1,102,235	1,004,958	956,865	951,072	1,006,709	924,837	883,240	852,024	811,417	606,846	237,204

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	194,646	551,448	-133,372	117,145	55,795	4,518	-56,753	107,058	52,958	40,554	178,461	272,542	501,549	555,125
Depreciation	50,573	44,529	33,069	19,292	2,645	388	1,227	2,014	2,104	1,920	983	750	7,434	14,255
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-38,097	-104,314	0	-22,818	-11,281	-1,359	0	-25,232	-11,432	-9,775	-39,260	-68,116	-131,976	-163,168
Stock	-155,051	314,122	-8,578	93,871	3,244	70,493	-39,921	15,032	-86,013	122,180	-11,831	-28,069	-208,868	990,227
Debtors	254,969	203,043	8,925	834,395	-25,905	-74,063	-94,065	87,969	-138,890	-43,251	-163,039	-21,871	-13	1,090,625
Creditors	279,852	13,059	-64,851	497,839	15,356	60,980	-126,729	157,921	-276,909	100,473	49,632	116,966	-220,029	671,522
Accruals and Deferred Income	-24,993	-70,413	268,485	122,741	36,754	-75,253	-49,197	-15,136	86,979	-121,115	-97,598	-53,994	62,069	401,614
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	362,063	-82,856	102,984	-194,067	121,930	-7,156	-97,466	123,624	78,603	-66,872	267,088	318,088	427,928	-601,504
Investing Activities
capital expenditure	-50,301	-78,237	-44,393	-102,795	-37,756	0	-426	0	-936	-2,300	-2,185	-2,581	12,647	-35,702
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-50,301	-78,237	-44,393	-102,795	-37,756	0	-426	0	-936	-2,300	-2,185	-2,581	12,647	-35,702
Financing Activities
Bank loans	-9,626	-4,724	50,000	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-120,818	117,932	-255,464	296,592	-304,225	122,033	139,831	-343,901	-11,851	-21,640	212,822	-755,209	47,057	1,034,277
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	-12,364	-12,247	-17,166	46,105	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	144,883
interest	5,864	-2,424	-1,190	2,950	3,579	2,633	1,116	46	71	437	1,406	145	69	364
cash flow from financing	-136,944	98,537	-223,820	345,647	-300,646	124,666	140,947	-343,855	-11,780	-21,203	214,228	-755,064	47,126	1,179,524
cash and cash equivalents
cash	174,818	-62,557	-165,229	48,785	-216,472	117,511	43,055	-220,231	65,887	-90,375	379,131	-439,557	487,701	242,318
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	174,818	-62,557	-165,229	48,785	-216,472	117,511	43,055	-220,231	65,887	-90,375	379,131	-439,557	487,701	242,318

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MHS RADIATORS LIMITED group structure

Mhs Radiators Limited has no subsidiary companies.

Ultimate parent company

MHS RADIATORS (HOLDINGS) LIMITED

06409772

THE MODULAR HEATING GROUP LIMITED

02202506

2 parents

MHS RADIATORS LIMITED

01845418

MHS RADIATORS LIMITED Shareholders

modular heating group ltd

100%

Mhs Radiators Limited currently has 4 directors. The longest serving directors include Mr Ian Bradley (Sep 1999) and Mr Kevin Mainstone (Feb 2001).

officer	age	start	end	role
Mr Ian Bradley	59 years	Sep 1999	-	Director
Mr Kevin Mainstone	62 years	Feb 2001	-	Director
Mr Kevin Mainstone	62 years	Feb 2001	-	Director
Mr Alexander Bradley	27 years	Jul 2022	-	Director

P&L

December 2022

turnover

+6%

operating profit

194.6k

gross margin

28.1%

+1.24%

turnover

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

Balance Sheet

December 2022

net assets

1.6m

+0.11%

total assets

3.5m

+0.08%

cash

364.8k

+0.92%

net assets

Total assets minus all liabilities

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company number

01845418

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

September 1984

age

accounts

Small Company

ultimate parent company

MHS RADIATORS (HOLDINGS) LIMITED

previous names

modular sequence control systems limited (February 1992)

glebepeak limited (March 1985)

incorporated

address

unit 4 genesis, endeavour drive, basildon, essex, SS14 3WF

last accounts submitted

December 2022

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 mhs radiators limited. Currently there are 1 open charges and 3 have been satisfied in the past.

mhs radiators limited Company Information

mhs radiators limited Estimated Valuation

mhs radiators limited Estimated Valuation

mhs radiators limited Estimated Valuation

Mhs Radiators Limited Overview

Mhs Radiators Limited Health Check

MHS RADIATORS LIMITED financials

mhs radiators limited Credit Report and Business Information

Mhs Radiators Limited Competitor Analysis

mhs radiators limited Ownership

mhs radiators limited directors

mhs radiators limited company details

mhs radiators limited Charges & Mortgages

mhs radiators limited Companies House Filings - See Documents