village heating limited

5

village heating limited Company Information

Share VILLAGE HEATING LIMITED
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Company Number

03748060

Registered Address

2nd floor 66 college road, hygeia house, harrow, middlesex, HA1 1BE

Industry

Plumbing, heat and air-conditioning installation

 

Telephone

02081029898

Next Accounts Due

February 2025

Group Structure

View All

Directors

David Kelly24 Years

Shareholders

david kelly 100%

village heating limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of VILLAGE HEATING LIMITED at £1.9m based on a Turnover of £4.2m and 0.45x industry multiple (adjusted for size and gross margin).

village heating limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of VILLAGE HEATING LIMITED at £3.2m based on an EBITDA of £661.3k and a 4.85x industry multiple (adjusted for size and gross margin).

village heating limited Estimated Valuation

£5.2m

Pomanda estimates the enterprise value of VILLAGE HEATING LIMITED at £5.2m based on Net Assets of £1.5m and 3.45x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from May 2023 

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Village Heating Limited Overview

Village Heating Limited is a live company located in harrow, HA1 1BE with a Companies House number of 03748060. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in April 1999, it's largest shareholder is david kelly with a 100% stake. Village Heating Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.2m with declining growth in recent years.

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Village Heating Limited Health Check

Pomanda's financial health check has awarded Village Heating Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

3 Regular

positive_score

2 Weak

size

Size

annual sales of £4.2m, make it larger than the average company (£258.5k)

£4.2m - Village Heating Limited

£258.5k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (4.8%)

-2% - Village Heating Limited

4.8% - Industry AVG

production

Production

with a gross margin of 28.3%, this company has a comparable cost of product (28.3%)

28.3% - Village Heating Limited

28.3% - Industry AVG

profitability

Profitability

an operating margin of 14.9% make it more profitable than the average company (6.6%)

14.9% - Village Heating Limited

6.6% - Industry AVG

employees

Employees

with 64 employees, this is above the industry average (3)

64 - Village Heating Limited

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £30.9k, the company has an equivalent pay structure (£30.9k)

£30.9k - Village Heating Limited

£30.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £65k, this is less efficient (£105k)

£65k - Village Heating Limited

£105k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 65 days, this is near the average (55 days)

65 days - Village Heating Limited

55 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 56 days, this is slower than average (47 days)

56 days - Village Heating Limited

47 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 3 days, this is less than average (9 days)

3 days - Village Heating Limited

9 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 98 weeks, this is more cash available to meet short term requirements (21 weeks)

98 weeks - Village Heating Limited

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 39.2%, this is a lower level of debt than the average (62.5%)

39.2% - Village Heating Limited

62.5% - Industry AVG

village heating limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Village Heating Limited Competitor Analysis

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Perform a competitor analysis for village heating limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

village heating limited Ownership

VILLAGE HEATING LIMITED group structure

Village Heating Limited has no subsidiary companies.

Ultimate parent company

VILLAGE HEATING LIMITED

03748060

VILLAGE HEATING LIMITED Shareholders

david kelly 100%

village heating limited directors

Village Heating Limited currently has 1 director, Mr David Kelly serving since Apr 1999.

officercountryagestartendrole
Mr David KellyUnited Kingdom58 years Apr 1999- Director

VILLAGE HEATING LIMITED financials

EXPORTms excel logo

Village Heating Limited's latest turnover from May 2023 is estimated at £4.2 million and the company has net assets of £1.5 million. According to their latest financial statements, Village Heating Limited has 64 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Turnover4,157,5283,779,4694,065,1474,477,5126,078,0285,803,3765,461,0434,456,0876,558,8794,476,6906,298,8156,271,8146,893,3386,828,491
Other Income Or Grants00000000000000
Cost Of Sales2,980,4852,645,4362,915,5203,115,9594,041,9073,891,0093,539,2152,874,4794,294,6612,825,1493,903,1893,891,9874,166,0884,822,600
Gross Profit1,177,0431,134,0331,149,6271,361,5532,036,1211,912,3671,921,8281,581,6082,264,2181,651,5412,395,6262,379,8272,727,2502,005,891
Admin Expenses556,782501,1631,005,3201,450,4951,961,5851,810,9442,093,0901,538,8042,210,2091,362,1822,365,9182,320,3942,886,6811,932,534
Operating Profit620,261632,870144,307-88,94274,536101,423-171,26242,80454,009289,35929,70859,433-159,43173,357
Interest Payable22,57519,0759,2424,4444,815010,15610,563005,15212,11320,85426,662
Interest Receivable69,30612,2217054462,1535481081,4642,21379332000
Pre-Tax Profit666,992626,016135,770-92,94071,874101,970-181,31033,70556,223290,15224,58847,320-180,28546,695
Tax-166,748-118,943-25,7960-13,656-19,3740-6,741-11,244-60,932-5,655-12,33521,145-22,776
Profit After Tax500,244507,073109,974-92,94058,21882,596-181,31026,96444,978229,22018,93334,985-159,14023,919
Dividends Paid00000000000030,0000
Retained Profit500,244507,073109,974-92,94058,21882,596-181,31026,96444,978229,22018,93334,985-189,14023,919
Employee Costs1,979,8792,070,8682,116,6861,910,8362,284,6281,995,0632,017,8361,613,9861,676,1831,163,8221,627,2482,793,5273,365,5393,304,071
Number Of Employees646565586658614548344799109107
EBITDA*661,251671,405182,214-48,01792,930119,485-170,35863,55092,970337,26089,885132,821-43,131207,726

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Tangible Assets83,905101,965133,092170,87663,64591,06275,608877,141111,137157,113208,130301,499367,512427,430
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets83,905101,965133,092170,87663,64591,06275,608877,141111,137157,113208,130301,499367,512427,430
Stock & work in progress30,761129,282110,036117,546119,627126,402122,976125,683124,388103,484175,059220,367225,741211,505
Trade Debtors742,955435,232571,191688,4791,205,9891,127,789852,365788,317983,888683,979868,727741,6891,305,1031,556,473
Group Debtors00000000000000
Misc Debtors34,25026,76026,24316,45110,35027,46647,22616,4390019,616305,025203,399134,527
Cash1,584,9341,495,330948,870461,951430,614143,58275,53610,971574,561310,6456,3816,3794,500276,076
misc current assets00000000000000
total current assets2,392,9002,086,6041,656,3401,284,4271,766,5801,425,2391,098,103941,4101,682,8371,098,1081,069,7831,273,4601,738,7432,178,581
total assets2,476,8052,188,5691,789,4321,455,3031,830,2251,516,3011,173,7111,818,5511,793,9741,255,2211,277,9131,574,9592,106,2552,606,011
Bank overdraft0003,027142,68000325,000000133,76751,2760
Bank loan60,00060,00060,0000000000024,74942,500153,349
Trade Creditors 462,065525,465610,601497,986664,674574,024551,341406,0711,241,981722,8701,038,164414,376602,918650,829
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00005,1655,1640000021,28982,349110,414
other current liabilities316,650409,065376,740556,290523,217475,197272,056529,919000752,6121,084,5271,188,780
total current liabilities838,715994,5301,047,3411,057,3031,335,7361,054,385823,3971,260,9901,241,981722,8701,038,1641,346,7931,863,5702,103,372
loans125,000185,000240,00000000000026,82059,387
hp & lease commitments0004,7349,89915,066000005,91624,75063,737
Accruals and Deferred Income00000000000000
other liabilities0000017,1178,32028,32948,33168,3320000
provisions5,9312,1242,2493,3981,7825,14305,9287,32212,65717,60719,04122,89122,151
total long term liabilities130,931187,124242,2498,13211,68137,3268,32034,25755,65380,98917,60724,95774,461145,275
total liabilities969,6461,181,6541,289,5901,065,4351,347,4171,091,711831,7171,295,2471,297,634803,8591,055,7711,371,7501,938,0312,248,647
net assets1,507,1591,006,915499,842389,868482,808424,590341,994523,304496,340451,362222,142203,209168,224357,364
total shareholders funds1,507,1591,006,915499,842389,868482,808424,590341,994523,304496,340451,362222,142203,209168,224357,364
May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Operating Activities
Operating Profit620,261632,870144,307-88,94274,536101,423-171,26242,80454,009289,35929,70859,433-159,43173,357
Depreciation40,99038,53537,90740,92518,39418,06290420,74638,96147,90160,17773,388116,300134,369
Amortisation00000000000000
Tax-166,748-118,943-25,7960-13,656-19,3740-6,741-11,244-60,932-5,655-12,33521,145-22,776
Stock-98,52119,246-7,510-2,081-6,7753,426-2,7071,29520,904-71,575-45,308-5,37414,236211,505
Debtors315,213-135,442-107,496-511,40961,084255,66494,835-179,132299,909-204,364-158,371-461,788-182,4981,691,000
Creditors-63,400-85,136112,615-166,68890,65022,683145,270-835,910519,111-315,294623,788-188,542-47,911650,829
Accruals and Deferred Income-92,41532,325-179,55033,07348,020203,141-257,863529,91900-752,612-331,915-104,2531,188,780
Deferred Taxes & Provisions3,807-125-1,1491,616-3,3615,143-5,928-1,394-5,335-4,950-1,434-3,85074022,151
Cash flow from operations125,803615,722203,340333,474160,27471,988-381,007-72,739274,689232,023157,65163,341-5,148144,205
Investing Activities
capital expenditure-22,930-7,408-123-148,1569,023-33,516800,629-786,7507,0153,11633,192-7,375-59,597-57,637
Change in Investments00000000000000
cash flow from investments-22,930-7,408-123-148,1569,023-33,516800,629-786,7507,0153,11633,192-7,375-59,597-57,637
Financing Activities
Bank loans0060,0000000000-24,749-17,751-110,849153,349
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans-60,000-55,000240,00000000000-26,820-32,56759,387
Hire Purchase and Lease Commitments00-4,734-10,330-5,16620,2300000-27,205-79,894-67,052174,151
other long term liabilities0000-17,1178,797-20,009-20,002-20,00168,3320000
share issue0000000000000333,445
interest46,731-6,854-8,537-3,998-2,662548-10,048-9,0992,213793-5,120-12,113-20,854-26,662
cash flow from financing-13,269-61,854286,729-14,328-24,94529,575-30,057-29,101-17,78869,125-57,074-136,578-231,322693,670
cash and cash equivalents
cash89,604546,460486,91931,337287,03268,04664,565-563,590263,916304,26421,879-271,576276,076
overdraft00-3,027-139,653142,6800-325,000325,00000-133,76782,49151,2760
change in cash89,604546,460489,946170,990144,35268,046389,565-888,590263,916304,264133,769-80,612-322,852276,076

P&L

May 2023

turnover

4.2m

+10%

operating profit

620.3k

0%

gross margin

28.4%

-5.65%

turnover

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

Balance Sheet

May 2023

net assets

1.5m

+0.5%

total assets

2.5m

+0.13%

cash

1.6m

+0.06%

net assets

Total assets minus all liabilities

village heating limited company details

company number

03748060

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

April 1999

age

25

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

2nd floor 66 college road, hygeia house, harrow, middlesex, HA1 1BE

last accounts submitted

May 2023

village heating limited 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 found 7 charges/mortgages relating to village heating limited. Currently there are 2 open charges and 5 have been satisfied in the past.

charges

village heating limited Companies House Filings - See Documents

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