First Trace Heating Direct Limited

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first trace heating direct limited Company Information

Company Number

03492441

Next Accounts

Mar 2025

Directors

Steven Dunne

Shareholders

first trace group limited

Group Structure

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Industry

Plumbing, heat and air-conditioning installation

Registered Address

quayside court navigation way, preston, PR2 2RZ

Website

www.first-traceheating.co.uk

first trace heating direct limited Estimated Valuation

£5m

Pomanda estimates the enterprise value of FIRST TRACE HEATING DIRECT LIMITED at £5m based on Net Assets of £1.7m and 2.89x industry multiple (adjusted for liquidity).

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First Trace Heating Direct Limited is a live company located in preston, PR2 2RZ with a Companies House number of 03492441. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in January 1998, it's largest shareholder is first trace group limited with a 100% stake. First Trace Heating Direct Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded First Trace Heating Direct Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £5.2m, make it larger than the average company (£422.2k)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (6.8%)

EXPORT

First Trace Heating Direct Limited's latest turnover from June 2023 is estimated at £5.2 million and the company has net assets of £1.7 million. According to their latest financial statements, First Trace Heating Direct Limited has 24 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	5,229,815	5,827,682	4,394,365	4,473,813	4,304,489	2,300,201	2,355,695	2,141,258	3,442,249	2,802,336	3,156,389	3,298,300	5,695,284	2,966,085
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,798,112	4,102,837	3,143,346	3,109,402	2,887,767	1,547,731	1,535,563	1,383,557	2,276,885	1,786,912	1,957,828	2,030,375	3,500,509	1,738,145
Gross Profit	1,431,702	1,724,845	1,251,019	1,364,411	1,416,722	752,469	820,132	757,702	1,165,364	1,015,425	1,198,561	1,267,925	2,194,775	1,227,941
Admin Expenses	1,145,992	1,426,012	1,112,366	1,185,857	1,304,891	1,909,046	-217,791	305,262	1,029,822	789,216	1,164,518	1,086,753	1,912,037	1,054,140
Operating Profit	285,710	298,833	138,653	178,554	111,831	-1,156,577	1,037,923	452,440	135,542	226,209	34,043	181,172	282,738	173,801
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	48,756	6,968	1,338	1,474	10,517	9,628	4,268	5,988	4,961	4,138	4,265	4,454	2,550	463
Pre-Tax Profit	334,465	305,801	139,991	180,028	122,348	-1,146,949	1,042,190	458,428	140,504	230,347	38,308	185,626	285,288	174,264
Tax	-83,616	-58,102	-26,598	-34,205	-23,246	0	-198,016	-91,685	-28,101	-48,373	-8,811	-44,550	-74,175	-48,794
Profit After Tax	250,849	247,699	113,393	145,823	99,102	-1,146,949	844,174	366,742	112,403	181,974	29,497	141,076	211,113	125,470
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	250,849	247,699	113,393	145,823	99,102	-1,146,949	844,174	366,742	112,403	181,974	29,497	141,076	211,113	125,470
Employee Costs	786,457	746,463	707,027	638,160	557,895	388,847	300,030	323,900	856,725	707,829	812,763	896,153	1,735,776	899,861
Number Of Employees	24	22	21	19	16	11	9	9	24	20	23	26	50	28
EBITDA*	322,051	327,830	172,749	215,092	140,279	-1,131,380	1,052,849	467,584	147,703	239,556	39,627	185,503	284,463	175,954

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	434,336	336,004	349,843	354,621	354,893	359,061	34,996	27,648	29,957	29,280	13,613	17,263	6,143	5,558
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	434,336	336,004	349,843	354,621	354,893	359,061	34,996	27,648	29,957	29,280	13,613	17,263	6,143	5,558
Stock & work in progress	772,148	1,096,943	708,938	798,060	558,334	414,877	333,266	273,629	262,640	258,678	258,278	350,898	214,285	188,258
Trade Debtors	917,961	855,444	546,407	370,204	693,297	260,372	335,564	326,687	265,346	201,020	249,259	155,560	632,640	330,001
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	36,566	33,790	33,203	36,827	45,578	28,291	82,608	52,958	0	0	0	0	0	0
Cash	1,623,968	326,265	788,608	1,887,320	1,060,865	1,743,593	2,107,783	1,306,225	1,088,922	895,624	759,400	946,614	835,057	185,022
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,350,643	2,312,442	2,077,156	3,092,411	2,358,074	2,447,133	2,859,221	1,959,499	1,616,908	1,355,322	1,266,937	1,453,072	1,681,982	703,281
total assets	3,784,979	2,648,446	2,426,999	3,447,032	2,712,967	2,806,194	2,894,217	1,987,147	1,646,865	1,384,602	1,280,550	1,470,335	1,688,125	708,839
Bank overdraft	0	0	0	0	0	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	221,108	128,862	108,701	169,590	372,610	138,028	186,195	165,183	839,332	689,472	767,394	986,676	1,345,542	577,369
Group/Directors Accounts	1,240,082	648,201	726,461	1,350,239	563,365	1,219,692	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	576,246	390,709	356,792	804,278	804,190	574,081	689,354	644,726	0	0	0	0	0	0
total current liabilities	2,037,436	1,167,772	1,191,954	2,324,107	1,740,165	1,931,801	875,549	809,909	839,332	689,472	767,394	986,676	1,345,542	577,369
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	19,177	3,157	5,227	6,500	2,200	2,893	219	2,963	0	0	0	0	0	0
total long term liabilities	19,177	3,157	5,227	6,500	2,200	2,893	219	2,963	0	0	0	0	0	0
total liabilities	2,056,613	1,170,929	1,197,181	2,330,607	1,742,365	1,934,694	875,768	812,872	839,332	689,472	767,394	986,676	1,345,542	577,369
net assets	1,728,366	1,477,517	1,229,818	1,116,425	970,602	871,500	2,018,449	1,174,275	807,533	695,130	513,156	483,659	342,583	131,470
total shareholders funds	1,728,366	1,477,517	1,229,818	1,116,425	970,602	871,500	2,018,449	1,174,275	807,533	695,130	513,156	483,659	342,583	131,470

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	285,710	298,833	138,653	178,554	111,831	-1,156,577	1,037,923	452,440	135,542	226,209	34,043	181,172	282,738	173,801
Depreciation	36,341	28,997	34,096	36,538	28,448	25,197	14,926	15,144	12,161	13,347	5,584	4,331	1,725	2,153
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-83,616	-58,102	-26,598	-34,205	-23,246	0	-198,016	-91,685	-28,101	-48,373	-8,811	-44,550	-74,175	-48,794
Stock	-324,795	388,005	-89,122	239,726	143,457	81,611	59,637	10,989	3,962	400	-92,620	136,613	26,027	188,258
Debtors	65,293	309,624	172,579	-331,844	450,212	-129,509	38,527	114,299	64,326	-48,239	93,699	-477,080	302,639	330,001
Creditors	92,246	20,161	-60,889	-203,020	234,582	-48,167	21,012	-674,149	149,860	-77,922	-219,282	-358,866	768,173	577,369
Accruals and Deferred Income	185,537	33,917	-447,486	88	230,109	-115,273	44,628	644,726	0	0	0	0	0	0
Deferred Taxes & Provisions	16,020	-2,070	-1,273	4,300	-693	2,674	-2,744	2,963	0	0	0	0	0	0
Cash flow from operations	791,740	-375,893	-446,954	74,373	-12,638	-1,244,248	819,565	224,151	201,174	161,100	-189,545	122,554	649,795	186,270
Investing Activities
capital expenditure	-134,673	-15,158	-29,318	-36,266	-24,280	-349,262	-22,274	-12,835	-12,838	-29,014	-1,934	-15,451	-2,310	-7,711
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-134,673	-15,158	-29,318	-36,266	-24,280	-349,262	-22,274	-12,835	-12,838	-29,014	-1,934	-15,451	-2,310	-7,711
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	591,881	-78,260	-623,778	786,874	-656,327	1,219,692	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	6,000
interest	48,756	6,968	1,338	1,474	10,517	9,628	4,268	5,988	4,961	4,138	4,265	4,454	2,550	463
cash flow from financing	640,637	-71,292	-622,440	788,348	-645,810	1,229,320	4,268	5,988	4,961	4,138	4,265	4,454	2,550	6,463
cash and cash equivalents
cash	1,297,703	-462,343	-1,098,712	826,455	-682,728	-364,190	801,558	217,303	193,298	136,224	-187,214	111,557	650,035	185,022
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	1,297,703	-462,343	-1,098,712	826,455	-682,728	-364,190	801,558	217,303	193,298	136,224	-187,214	111,557	650,035	185,022

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FIRST TRACE HEATING DIRECT LIMITED group structure

First Trace Heating Direct Limited has 1 subsidiary company.

Ultimate parent company

FIRST TRACE GROUP LIMITED

11270857

1 parent

FIRST TRACE HEATING DIRECT LIMITED

03492441

1 subsidiary

SNUG UNDERFLOOR HEATING LIMITED

11054358

FIRST TRACE HEATING DIRECT LIMITED Shareholders

first trace group limited

100%

First Trace Heating Direct Limited currently has 1 director, Mr Steven Dunne serving since Jun 2014.

officer	country	age	start	end	role
Mr Steven Dunne	United Kingdom	39 years	Jun 2014	-	Director

P&L

June 2023

turnover

5.2m

-10%

operating profit

285.7k

gross margin

27.4%

-7.51%

turnover

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

Balance Sheet

June 2023

net assets

1.7m

+0.17%

total assets

3.8m

+0.43%

cash

1.6m

+3.98%

net assets

Total assets minus all liabilities

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company number

03492441

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

January 1998

ultimate parent company

FIRST TRACE GROUP LIMITED

previous names

N/A

address

quayside court navigation way, preston, PR2 2RZ

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.

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first trace heating direct limited Company Information

first trace heating direct limited Estimated Valuation

first trace heating direct limited Estimated Valuation

first trace heating direct limited Estimated Valuation

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FIRST TRACE HEATING DIRECT LIMITED financials

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