Concept Heating Systems Limited

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concept heating systems limited Company Information

Company Number

03788520

Next Accounts

Mar 2025

Directors

Craig Byrom

Paula Byrom

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Shareholders

kieren mcdonnell

marilynn jackson

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Group Structure

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Industry

Plumbing, heat and air-conditioning installation

Registered Address

135 high street, little lever, bolton, lancashire, BL3 1LX

Website

www.conceptheating.com

concept heating systems limited Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of CONCEPT HEATING SYSTEMS LIMITED at £2.7m based on a Turnover of £5.6m and 0.49x industry multiple (adjusted for size and gross margin).

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Concept Heating Systems Limited is a live company located in bolton, BL3 1LX with a Companies House number of 03788520. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in June 1999, it's largest shareholder is kieren mcdonnell with a 20% stake. Concept Heating Systems Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.6m with rapid growth in recent years.

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Pomanda's financial health check has awarded Concept Heating Systems Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £5.6m, make it larger than the average company (£422.2k)

Growth

3 year (CAGR) sales growth of 48%, show it is growing at a faster rate (6.8%)

EXPORT

Concept Heating Systems Limited's latest turnover from June 2023 is estimated at £5.6 million and the company has net assets of £913.5 thousand. According to their latest financial statements, Concept Heating Systems Limited has 42 employees and maintains cash reserves of £1.9 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	5,582,372	3,974,833	2,766,119	1,721,411	1,607,006	1,788,917	2,941,311	1,954,413	2,209,009	1,953,487	2,259,607	1,397,626	1,237,672	892,356
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,646,047	3,255,484	2,303,862	1,409,918	1,313,418	1,430,380	2,319,289	1,558,870	1,742,400	1,534,417	1,754,297	1,063,301	918,944	650,348
Gross Profit	936,325	719,348	462,257	311,493	293,588	358,537	622,022	395,544	466,609	419,070	505,310	334,326	318,728	242,007
Admin Expenses	944,967	553,920	429,311	298,578	395,647	315,601	655,798	284,811	273,433	289,883	402,287	309,772	80,484	96,721
Operating Profit	-8,642	165,428	32,946	12,915	-102,059	42,936	-33,776	110,733	193,176	129,187	103,023	24,554	238,244	145,286
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	1,188	2,477	1,289
Interest Receivable	61,529	6,842	561	496	3,952	2,886	1,197	2,125	1,887	1,975	1,925	1,949	1,640	610
Pre-Tax Profit	52,887	172,269	33,507	13,411	-98,107	45,822	-32,579	112,858	195,064	131,162	104,948	25,314	237,407	144,607
Tax	-13,222	-32,731	-6,366	-2,548	0	-8,706	0	-22,571	-39,013	-27,544	-24,138	-6,075	-61,726	-40,490
Profit After Tax	39,665	139,538	27,141	10,863	-98,107	37,116	-32,579	90,286	156,051	103,618	80,810	19,239	175,681	104,117
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	39,665	139,538	27,141	10,863	-98,107	37,116	-32,579	90,286	156,051	103,618	80,810	19,239	175,681	104,117
Employee Costs	1,376,300	1,289,345	841,699	738,922	801,974	318,147	500,050	323,900	285,575	283,131	318,038	206,804	243,009	160,689
Number Of Employees	42	38	25	22	23	9	15	9	8	8	9	6	7	5
EBITDA*	31,028	176,557	39,881	21,875	-92,887	51,726	-22,766	126,843	209,428	150,315	124,266	35,222	245,618	147,457

* 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	251,300	217,430	120,315	120,465	128,290	120,145	122,635	142,220	162,575	158,700	176,495	167,170	119,000	99,610
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	251,300	217,430	120,315	120,465	128,290	120,145	122,635	142,220	162,575	158,700	176,495	167,170	119,000	99,610
Stock & work in progress	887,019	638,637	381,941	379,628	299,407	376,249	511,866	469,650	366,701	268,045	235,878	83,480	78,425	148,701
Trade Debtors	694,515	960,850	749,597	221,086	308,291	251,134	554,336	287,616	449,376	401,050	447,297	313,189	245,077	115,155
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	1,871,815	589,351	505,296	617,505	374,984	678,778	475,660	482,063	367,782	387,142	402,690	367,407	412,114	244,077
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,453,349	2,188,838	1,636,834	1,218,219	982,682	1,306,161	1,541,862	1,239,329	1,183,859	1,056,237	1,085,865	764,076	735,616	507,933
total assets	3,704,649	2,406,268	1,757,149	1,338,684	1,110,972	1,426,306	1,664,497	1,381,549	1,346,434	1,214,937	1,262,360	931,246	854,616	607,543
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	2,726,704	1,469,888	1,022,720	631,489	414,640	626,614	901,448	581,703	609,831	626,499	749,762	498,028	478,150	403,664
Group/Directors Accounts	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	2,726,704	1,469,888	1,022,720	631,489	414,640	626,614	901,448	581,703	609,831	626,499	749,762	498,028	478,150	403,664
loans	0	0	0	0	0	0	0	0	0	0	0	0	36,568	39,662
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	24,626	31,302	0	0	0	0	0	0	22,972	32,321	72,651	74,081	0	0
provisions	39,780	31,204	93	0	0	5,253	5,726	9,944	14,015	12,552	0	0	0	0
total long term liabilities	64,406	62,506	93	0	0	5,253	5,726	9,944	36,987	44,873	72,651	74,081	36,568	39,662
total liabilities	2,791,110	1,532,394	1,022,813	631,489	414,640	631,867	907,174	591,647	646,818	671,372	822,413	572,109	514,718	443,326
net assets	913,539	873,874	734,336	707,195	696,332	794,439	757,323	789,902	699,616	543,565	439,947	359,137	339,898	164,217
total shareholders funds	913,539	873,874	734,336	707,195	696,332	794,439	757,323	789,902	699,616	543,565	439,947	359,137	339,898	164,217

	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	-8,642	165,428	32,946	12,915	-102,059	42,936	-33,776	110,733	193,176	129,187	103,023	24,554	238,244	145,286
Depreciation	39,670	11,129	6,935	8,960	9,172	8,790	11,010	16,110	16,252	21,128	21,243	10,668	7,374	2,171
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-13,222	-32,731	-6,366	-2,548	0	-8,706	0	-22,571	-39,013	-27,544	-24,138	-6,075	-61,726	-40,490
Stock	248,382	256,696	2,313	80,221	-76,842	-135,617	42,216	102,949	98,656	32,167	152,398	5,055	-70,276	148,701
Debtors	-266,335	211,253	528,511	-87,205	57,157	-303,202	266,720	-161,760	48,326	-46,247	134,108	68,112	129,922	115,155
Creditors	1,256,816	447,168	391,231	216,849	-211,974	-274,834	319,745	-28,128	-16,668	-123,263	251,734	19,878	74,486	403,664
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	8,576	31,111	93	0	-5,253	-473	-4,218	-4,071	1,463	12,552	0	0	0	0
Cash flow from operations	1,301,151	154,156	-105,985	243,160	-290,429	206,532	-16,175	130,884	8,228	26,140	65,356	-24,142	198,732	246,775
Investing Activities
capital expenditure	-73,540	-108,244	-6,785	-1,135	-17,317	-6,300	8,575	4,245	-20,127	-3,333	-30,568	-58,838	-26,764	-101,781
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-73,540	-108,244	-6,785	-1,135	-17,317	-6,300	8,575	4,245	-20,127	-3,333	-30,568	-58,838	-26,764	-101,781
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	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	-36,568	-3,094	39,662
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-6,676	31,302	0	0	0	0	0	-22,972	-9,349	-40,330	-1,430	74,081	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	60,100
interest	61,529	6,842	561	496	3,952	2,886	1,197	2,125	1,887	1,975	1,925	761	-837	-679
cash flow from financing	54,853	38,144	561	496	3,952	2,886	1,197	-20,847	-7,462	-38,355	495	38,274	-3,931	99,083
cash and cash equivalents
cash	1,282,464	84,055	-112,209	242,521	-303,794	203,118	-6,403	114,281	-19,360	-15,548	35,283	-44,707	168,037	244,077
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	1,282,464	84,055	-112,209	242,521	-303,794	203,118	-6,403	114,281	-19,360	-15,548	35,283	-44,707	168,037	244,077

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CONCEPT HEATING SYSTEMS LIMITED group structure

Concept Heating Systems Limited has no subsidiary companies.

Ultimate parent company

CONCEPT HEATING SYSTEMS LIMITED

03788520

CONCEPT HEATING SYSTEMS LIMITED Shareholders

kieren mcdonnell	20%
marilynn jackson	20%
paula byrom	20%
craig byrom	20%
helen senior	20%

Concept Heating Systems Limited currently has 3 directors. The longest serving directors include Mr Craig Byrom (Jun 1999) and Mrs Paula Byrom (Jun 2024).

officer	age	start	end	role
Mr Craig Byrom	61 years	Jun 1999	-	Director
Mrs Paula Byrom	56 years	Jun 2024	-	Director
Mr Luke Byrom	30 years	Jun 2024	-	Director

P&L

June 2023

turnover

5.6m

+40%

operating profit

-8.6k

gross margin

16.8%

-7.32%

turnover

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

Balance Sheet

June 2023

net assets

913.5k

+0.05%

total assets

3.7m

+0.54%

cash

1.9m

+2.18%

net assets

Total assets minus all liabilities

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company number

03788520

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

June 1999

ultimate parent company

None

previous names

N/A

address

135 high street, little lever, bolton, lancashire, BL3 1LX

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 1 charges/mortgages relating to concept heating systems limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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concept heating systems limited Company Information

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concept heating systems limited Estimated Valuation

concept heating systems limited Estimated Valuation

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