carrier solutions uk ltd.
carrier solutions uk ltd. Company Information
Company Number
03723803
Next Accounts
Aug 2025
Shareholders
foray 414 limited
carrier japan corporation
Group Structure
View All
Industry
Plumbing, heat and air-conditioning installation
Registered Address
porsham close, roborough, plymouth, devon, PL6 7DB
Website
www.toshiba-aircon.co.ukcarrier solutions uk ltd. Estimated Valuation
Pomanda estimates the enterprise value of CARRIER SOLUTIONS UK LTD. at £123.8m based on a Turnover of £112.5m and 1.1x industry multiple (adjusted for size and gross margin).
carrier solutions uk ltd. Estimated Valuation
Pomanda estimates the enterprise value of CARRIER SOLUTIONS UK LTD. at £89.1m based on an EBITDA of £9.6m and a 9.31x industry multiple (adjusted for size and gross margin).
carrier solutions uk ltd. Estimated Valuation
Pomanda estimates the enterprise value of CARRIER SOLUTIONS UK LTD. at £93.7m based on Net Assets of £33.1m and 2.83x industry multiple (adjusted for liquidity).
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Carrier Solutions Uk Ltd. Overview
Carrier Solutions Uk Ltd. is a live company located in plymouth, PL6 7DB with a Companies House number of 03723803. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in February 1999, it's largest shareholder is foray 414 limited with a 75% stake. Carrier Solutions Uk Ltd. is a mature, mega sized company, Pomanda has estimated its turnover at £112.5m with high growth in recent years.
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Carrier Solutions Uk Ltd. Health Check
Pomanda's financial health check has awarded Carrier Solutions Uk Ltd. a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £112.5m, make it larger than the average company (£379k)
£112.5m - Carrier Solutions Uk Ltd.
£379k - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (9.6%)
19% - Carrier Solutions Uk Ltd.
9.6% - Industry AVG
Production
with a gross margin of 27.7%, this company has a comparable cost of product (29.5%)
27.7% - Carrier Solutions Uk Ltd.
29.5% - Industry AVG
Profitability
an operating margin of 7.8% make it more profitable than the average company (6.1%)
7.8% - Carrier Solutions Uk Ltd.
6.1% - Industry AVG
Employees
with 281 employees, this is above the industry average (4)
281 - Carrier Solutions Uk Ltd.
4 - Industry AVG
Pay Structure
on an average salary of £69.7k, the company has a higher pay structure (£31.5k)
£69.7k - Carrier Solutions Uk Ltd.
£31.5k - Industry AVG
Efficiency
resulting in sales per employee of £400.4k, this is more efficient (£116.8k)
£400.4k - Carrier Solutions Uk Ltd.
£116.8k - Industry AVG
Debtor Days
it gets paid by customers after 87 days, this is later than average (54 days)
87 days - Carrier Solutions Uk Ltd.
54 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is quicker than average (45 days)
12 days - Carrier Solutions Uk Ltd.
45 days - Industry AVG
Stock Days
it holds stock equivalent to 79 days, this is more than average (12 days)
79 days - Carrier Solutions Uk Ltd.
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (20 weeks)
0 weeks - Carrier Solutions Uk Ltd.
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 57.3%, this is a similar level of debt than the average (62.1%)
57.3% - Carrier Solutions Uk Ltd.
62.1% - Industry AVG
CARRIER SOLUTIONS UK LTD. financials
Carrier Solutions Uk Ltd.'s latest turnover from November 2023 is £112.5 million and the company has net assets of £33.1 million. According to their latest financial statements, Carrier Solutions Uk Ltd. has 281 employees and maintains cash reserves of £404 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 112,520,000 | 112,168,000 | 94,036,000 | 66,697,000 | 84,529,000 | 78,120,000 | 80,454,000 | 77,932,000 | 72,490,000 | 80,687,000 | 68,061,000 | 73,069,000 | 75,899,000 | 89,062,000 | 107,486,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 81,329,000 | 80,802,000 | 70,334,000 | 49,102,000 | 61,377,000 | 57,583,000 | 61,632,000 | 56,716,000 | 50,382,000 | 58,114,000 | 50,653,000 | 54,009,000 | 56,156,000 | 73,176,000 | 92,553,000 |
| Gross Profit | 31,191,000 | 31,366,000 | 23,702,000 | 17,595,000 | 23,152,000 | 20,537,000 | 18,822,000 | 21,216,000 | 22,108,000 | 22,573,000 | 17,408,000 | 19,060,000 | 19,743,000 | 15,886,000 | 14,933,000 |
| Admin Expenses | 22,449,000 | 22,054,000 | 21,620,000 | 15,831,000 | 19,305,000 | 18,996,000 | 16,308,000 | 15,600,000 | 15,566,000 | 15,160,000 | 14,958,000 | 16,600,000 | 16,904,000 | 13,401,000 | 14,830,000 |
| Operating Profit | 8,742,000 | 9,312,000 | 2,082,000 | 1,764,000 | 3,847,000 | 1,541,000 | 2,514,000 | 5,616,000 | 6,542,000 | 7,413,000 | 2,450,000 | 2,460,000 | 2,839,000 | 2,485,000 | 103,000 |
| Interest Payable | 65,000 | 194,000 | 213,000 | 277,000 | 170,000 | 69,000 | 46,000 | 98,000 | 145,000 | 183,000 | 226,000 | 332,000 | 3,721,000 | 3,049,000 | 209,000 |
| Interest Receivable | 464,000 | 119,000 | 80,000 | 167,000 | 494,000 | 456,000 | 297,000 | 721,000 | 828,000 | 1,065,000 | 764,000 | 2,092,000 | 4,069,000 | 3,245,000 | |
| Pre-Tax Profit | 9,141,000 | 6,269,000 | 1,949,000 | 1,654,000 | 4,171,000 | 1,507,000 | 2,765,000 | 6,239,000 | 7,225,000 | 8,295,000 | 2,988,000 | 4,220,000 | 3,187,000 | 2,681,000 | -259,000 |
| Tax | -144,000 | -1,080,000 | -1,184,000 | -349,000 | -814,000 | -166,000 | -550,000 | -1,322,000 | -925,000 | 170,000 | -84,000 | -926,000 | -414,000 | 1,377,000 | -1,696,000 |
| Profit After Tax | 8,997,000 | 5,189,000 | 765,000 | 1,305,000 | 3,357,000 | 1,341,000 | 2,215,000 | 4,917,000 | 6,300,000 | 8,465,000 | 2,904,000 | 3,294,000 | 2,773,000 | 4,058,000 | -1,955,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 8,997,000 | 5,189,000 | 765,000 | 1,305,000 | 3,357,000 | 1,341,000 | 2,215,000 | 4,917,000 | 6,300,000 | 8,465,000 | 2,904,000 | 3,294,000 | 2,773,000 | 4,058,000 | -1,955,000 |
| Employee Costs | 19,575,000 | 17,939,000 | 17,745,000 | 12,401,000 | 15,924,000 | 18,320,000 | 14,396,000 | 14,252,000 | 13,610,000 | 12,383,000 | 13,042,000 | 13,846,000 | 13,632,000 | 13,203,000 | 12,837,000 |
| Number Of Employees | 281 | 268 | 244 | 240 | 224 | 231 | 248 | 245 | 247 | 238 | 256 | 259 | 259 | 259 | 272 |
| EBITDA* | 9,563,000 | 10,116,000 | 2,208,000 | 1,927,000 | 4,004,000 | 1,742,000 | 2,707,000 | 5,791,000 | 6,723,000 | 7,615,000 | 2,669,000 | 3,761,000 | 3,129,000 | 2,805,000 | 486,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,819,000 | 3,619,000 | 4,007,000 | 4,348,000 | 1,821,000 | 18,851,000 | 18,788,000 | 12,655,000 | 21,659,000 | 23,765,000 | 26,075,000 | 2,116,000 | 2,301,000 | 2,487,000 | 2,703,000 |
| Intangible Assets | 3,400,000 | 943,000 | 943,000 | 943,000 | 943,000 | 943,000 | 981,000 | 1,026,000 | 1,070,000 | 1,083,000 | 468,000 | 352,000 | 1,373,000 | 1,477,000 | 1,581,000 |
| Investments & Other | 407,000 | 11,251,000 | 7,435,000 | 5,528,000 | 9,092,000 | 16,654,000 | 16,675,000 | 10,834,000 | 19,808,000 | 21,767,000 | 23,660,000 | 8,043,000 | 8,032,000 | ||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 5,626,000 | 15,813,000 | 12,385,000 | 10,819,000 | 11,856,000 | 19,794,000 | 19,769,000 | 13,681,000 | 22,729,000 | 24,848,000 | 26,543,000 | 10,511,000 | 11,706,000 | 3,964,000 | 4,284,000 |
| Stock & work in progress | 17,689,000 | 20,772,000 | 8,943,000 | 12,915,000 | 16,149,000 | 12,349,000 | 13,382,000 | 10,441,000 | 10,084,000 | 8,313,000 | 8,806,000 | 6,987,000 | 8,893,000 | 6,979,000 | 5,678,000 |
| Trade Debtors | 27,038,000 | 29,367,000 | 29,933,000 | 19,770,000 | 20,467,000 | 20,335,000 | 15,137,000 | 16,348,000 | 16,471,000 | 16,117,000 | 13,608,000 | 15,044,000 | 15,286,000 | 12,943,000 | 15,319,000 |
| Group Debtors | 18,046,000 | 1,207,000 | 2,170,000 | 1,183,000 | 1,132,000 | 912,000 | 883,000 | 982,000 | 1,174,000 | 912,000 | 4,810,000 | 6,025,000 | 7,405,000 | 6,784,000 | 1,935,000 |
| Misc Debtors | 681,000 | 291,000 | 386,000 | 391,000 | 2,107,000 | 1,572,000 | 325,000 | 378,000 | 233,000 | 222,000 | 162,000 | 489,000 | 898,000 | 1,270,000 | 1,692,000 |
| Cash | 404,000 | 1,419,000 | 4,772,000 | 861,000 | 4,906,000 | 2,506,000 | 2,749,000 | 4,543,000 | 2,772,000 | 5,526,000 | 4,216,000 | 1,241,000 | 3,749,000 | 11,575,000 | 2,830,000 |
| misc current assets | 8,156,000 | 35,000 | 63,000 | 1,000 | 50,000 | 91,000 | |||||||||
| total current assets | 72,014,000 | 53,056,000 | 46,204,000 | 35,120,000 | 44,761,000 | 37,709,000 | 32,539,000 | 32,692,000 | 30,735,000 | 31,140,000 | 31,693,000 | 29,786,000 | 36,231,000 | 39,551,000 | 27,454,000 |
| total assets | 77,640,000 | 68,869,000 | 58,589,000 | 45,939,000 | 56,617,000 | 57,503,000 | 52,308,000 | 46,373,000 | 53,464,000 | 55,988,000 | 58,236,000 | 40,297,000 | 47,937,000 | 43,515,000 | 31,738,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 2,752,000 | 7,569,000 | 3,329,000 | 1,165,000 | 2,424,000 | 3,741,000 | 3,297,000 | 5,916,000 | 3,411,000 | 4,121,000 | 4,639,000 | 3,018,000 | 3,212,000 | 4,725,000 | 7,077,000 |
| Group/Directors Accounts | 17,674,000 | 14,755,000 | 14,535,000 | 14,425,000 | 20,822,000 | 35,630,000 | 44,906,000 | 40,941,000 | 25,703,000 | ||||||
| other short term finances | 217,000 | 211,000 | 585,000 | 722,000 | 222,000 | 596,000 | 61,000 | 127,000 | |||||||
| hp & lease commitments | 948,000 | 110,000 | 422,000 | 439,000 | |||||||||||
| other current liabilities | 15,092,000 | 14,715,000 | 16,802,000 | 10,022,000 | 10,685,000 | 25,437,000 | 22,147,000 | 21,534,000 | 26,204,000 | 31,425,000 | 38,803,000 | 4,789,000 | 4,774,000 | 5,307,000 | 3,728,000 |
| total current liabilities | 36,683,000 | 37,360,000 | 35,673,000 | 26,773,000 | 34,153,000 | 29,774,000 | 25,505,000 | 27,577,000 | 29,615,000 | 35,546,000 | 43,442,000 | 43,437,000 | 52,892,000 | 50,973,000 | 36,508,000 |
| loans | |||||||||||||||
| hp & lease commitments | 1,684,000 | 2,011,000 | 1,962,000 | 2,279,000 | |||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 6,126,000 | 3,657,000 | 2,803,000 | 1,712,000 | 2,446,000 | 7,092,000 | 6,808,000 | 4,600,000 | 8,284,000 | 10,212,000 | 10,638,000 | ||||
| total long term liabilities | 7,810,000 | 5,668,000 | 4,765,000 | 3,991,000 | 2,446,000 | 3,546,000 | 3,404,000 | 2,300,000 | 4,142,000 | 5,106,000 | 5,319,000 | 6,433,000 | 5,249,000 | ||
| total liabilities | 44,493,000 | 43,028,000 | 40,438,000 | 30,764,000 | 36,599,000 | 33,320,000 | 28,909,000 | 29,877,000 | 33,757,000 | 40,652,000 | 48,761,000 | 43,437,000 | 52,892,000 | 57,406,000 | 41,757,000 |
| net assets | 33,147,000 | 25,841,000 | 18,151,000 | 15,175,000 | 20,018,000 | 24,183,000 | 23,399,000 | 16,496,000 | 19,707,000 | 15,336,000 | 9,475,000 | -3,140,000 | -4,955,000 | -13,891,000 | -10,019,000 |
| total shareholders funds | 33,147,000 | 25,841,000 | 18,151,000 | 15,175,000 | 20,018,000 | 24,183,000 | 23,399,000 | 16,496,000 | 19,707,000 | 15,336,000 | 9,475,000 | -3,140,000 | -4,955,000 | -13,891,000 | -10,019,000 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 8,742,000 | 9,312,000 | 2,082,000 | 1,764,000 | 3,847,000 | 1,541,000 | 2,514,000 | 5,616,000 | 6,542,000 | 7,413,000 | 2,450,000 | 2,460,000 | 2,839,000 | 2,485,000 | 103,000 |
| Depreciation | 128,000 | 804,000 | 126,000 | 163,000 | 157,000 | 163,000 | 148,000 | 131,000 | 139,000 | 175,000 | 192,000 | 185,000 | 186,000 | 216,000 | 279,000 |
| Amortisation | 693,000 | 38,000 | 45,000 | 44,000 | 42,000 | 27,000 | 27,000 | 1,116,000 | 104,000 | 104,000 | 104,000 | ||||
| Tax | -144,000 | -1,080,000 | -1,184,000 | -349,000 | -814,000 | -166,000 | -550,000 | -1,322,000 | -925,000 | 170,000 | -84,000 | -926,000 | -414,000 | 1,377,000 | -1,696,000 |
| Stock | -3,083,000 | 11,829,000 | -3,972,000 | -3,234,000 | 3,800,000 | -1,033,000 | 2,941,000 | 357,000 | 1,771,000 | -493,000 | 1,819,000 | -1,906,000 | 1,914,000 | 1,301,000 | 5,678,000 |
| Debtors | 14,900,000 | -1,624,000 | 11,145,000 | -2,362,000 | 887,000 | 6,474,000 | -1,363,000 | -170,000 | 627,000 | -1,329,000 | -2,978,000 | -2,031,000 | 2,592,000 | 2,051,000 | 18,946,000 |
| Creditors | -4,817,000 | 4,240,000 | 2,164,000 | -1,259,000 | -1,317,000 | 444,000 | -2,619,000 | 2,505,000 | -710,000 | -518,000 | 1,621,000 | -194,000 | -1,513,000 | -2,352,000 | 7,077,000 |
| Accruals and Deferred Income | 377,000 | -2,087,000 | 6,780,000 | -663,000 | -14,752,000 | 3,290,000 | 613,000 | -4,670,000 | -5,221,000 | -7,378,000 | 34,014,000 | 15,000 | -533,000 | 1,579,000 | 3,728,000 |
| Deferred Taxes & Provisions | 2,469,000 | 854,000 | 1,091,000 | -734,000 | -4,646,000 | 284,000 | 2,208,000 | -3,684,000 | -1,928,000 | -426,000 | 10,638,000 | ||||
| Cash flow from operations | -4,369,000 | 1,838,000 | 3,886,000 | 4,518,000 | -22,212,000 | 153,000 | 781,000 | -1,567,000 | -4,459,000 | 1,285,000 | 50,017,000 | 6,593,000 | -3,837,000 | 57,000 | -15,029,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | -95,000 | -16,000 | |||||||||||||
| Change in Investments | -10,844,000 | 3,816,000 | 1,907,000 | -3,564,000 | -7,562,000 | -21,000 | 5,841,000 | -8,974,000 | -1,959,000 | -1,893,000 | 15,617,000 | 11,000 | 8,032,000 | ||
| cash flow from investments | -106,000 | -8,032,000 | -16,000 | ||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 2,919,000 | 220,000 | 110,000 | -6,397,000 | 20,822,000 | -35,630,000 | -9,276,000 | 3,965,000 | 15,238,000 | 25,703,000 | |||||
| Other Short Term Loans | 6,000 | -374,000 | -137,000 | 500,000 | -374,000 | 535,000 | -66,000 | 127,000 | |||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | 511,000 | -263,000 | -334,000 | 2,718,000 | |||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 399,000 | -75,000 | -133,000 | -110,000 | 324,000 | 387,000 | 251,000 | 623,000 | 683,000 | 882,000 | 538,000 | 1,760,000 | 348,000 | 196,000 | -209,000 |
| cash flow from financing | 2,144,000 | 2,009,000 | 1,717,000 | -9,437,000 | 13,250,000 | 365,000 | 4,873,000 | -7,378,000 | -1,246,000 | -1,722,000 | -25,381,000 | -8,995,000 | 10,476,000 | 7,504,000 | 17,430,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -1,015,000 | -3,353,000 | 3,911,000 | -4,045,000 | 2,400,000 | -243,000 | -1,794,000 | 1,771,000 | -2,754,000 | 1,310,000 | 2,975,000 | -2,508,000 | -7,826,000 | 8,745,000 | 2,830,000 |
| overdraft | |||||||||||||||
| change in cash | -1,015,000 | -3,353,000 | 3,911,000 | -4,045,000 | 2,400,000 | -243,000 | -1,794,000 | 1,771,000 | -2,754,000 | 1,310,000 | 2,975,000 | -2,508,000 | -7,826,000 | 8,745,000 | 2,830,000 |
carrier solutions uk ltd. Credit Report and Business Information
Carrier Solutions Uk Ltd. Competitor Analysis
Perform a competitor analysis for carrier solutions uk ltd. by selecting its closest rivals, whether from the CONSTRUCTION sector, other mega companies, companies in PL6 area or any other competitors across 12 key performance metrics.
carrier solutions uk ltd. Ownership
CARRIER SOLUTIONS UK LTD. group structure
Carrier Solutions Uk Ltd. has no subsidiary companies.
Ultimate parent company
UNITED TECHNOLOGIES CORP
#0078710
2 parents
CARRIER SOLUTIONS UK LTD.
03723803
carrier solutions uk ltd. directors
Carrier Solutions Uk Ltd. currently has 4 directors. The longest serving directors include Mr David Dunn (Oct 2017) and Shoichiro Shirakawa (Feb 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Dunn | 54 years | Oct 2017 | - | Director | |
| Shoichiro Shirakawa | Japan | 58 years | Feb 2018 | - | Director |
| Miss Alexandra Gooch | 36 years | Nov 2021 | - | Director | |
| Mr Andrew Paddock | 59 years | Nov 2021 | - | Director |
P&L
November 2023turnover
112.5m
0%
operating profit
8.7m
-6%
gross margin
27.8%
-0.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
33.1m
+0.28%
total assets
77.6m
+0.13%
cash
404k
-0.72%
net assets
Total assets minus all liabilities
carrier solutions uk ltd. company details
company number
03723803
Type
Private limited with Share Capital
industry
43220 - Plumbing, heat and air-conditioning installation
incorporation date
February 1999
age
26
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
November 2023
previous names
toshiba carrier uk ltd. (May 2024)
tcjv(uk) limited (April 1999)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
porsham close, roborough, plymouth, devon, PL6 7DB
Bank
HSBC BANK PLC
Legal Advisor
-
carrier solutions uk ltd. Charges & Mortgages
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 did not find charges/mortgages relating to carrier solutions uk ltd..
carrier solutions uk ltd. Capital Raised & Share Issues BETA
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carrier solutions uk ltd. Companies House Filings - See Documents
| date | description | view/download |
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