Failsafe Heating Limited

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failsafe heating limited Company Information

Live

MatureMicroHealthy

Company Number

03896412

Next Accounts

Sep 2025

Industry

Other personal service activities n.e.c.

Directors

Thomas Miller

Helen Holden

Shareholders

thomas william miller

julia miller

Group Structure

View All

Contact

Registered Address

4 duke street, mosborough, sheffield, S20 5DG

Website

www.failsafeheating.co.uk

failsafe heating limited Estimated Valuation

£268.9k

Pomanda estimates the enterprise value of FAILSAFE HEATING LIMITED at £268.9k based on a Turnover of £405.9k and 0.66x industry multiple (adjusted for size and gross margin).

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Failsafe Heating Limited is a live company located in sheffield, S20 5DG with a Companies House number of 03896412. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in December 1999, it's largest shareholder is thomas william miller with a 60% stake. Failsafe Heating Limited is a mature, micro sized company, Pomanda has estimated its turnover at £405.9k with healthy growth in recent years.

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Pomanda's financial health check has awarded Failsafe Heating Limited a 2 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 Rating2out of 5

1 Strong

4 Regular

7 Weak

Size

annual sales of £405.9k, make it smaller than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (7.8%)

EXPORT

Failsafe Heating Limited's latest turnover from December 2023 is estimated at £405.9 thousand and the company has net assets of £46 thousand. According to their latest financial statements, Failsafe Heating Limited has 6 employees and maintains cash reserves of £28 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	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	405,875	411,159	386,890	358,236	368,531	304,636	334,536	311,452	376,958	170,222	207,738	114,604	170,446	237,064	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	234,602	239,599	230,106	216,622	221,039	183,781	199,692	183,376	222,636	101,896	121,461	65,685	97,388	132,409	0
Gross Profit	171,273	171,560	156,784	141,614	147,492	120,855	134,844	128,076	154,321	68,326	86,277	48,920	73,058	104,655	0
Admin Expenses	184,067	178,713	138,790	89,678	140,223	119,525	134,288	128,366	154,298	68,601	86,270	58,462	78,075	97,577	-12,637
Operating Profit	-12,794	-7,153	17,994	51,936	7,269	1,330	556	-290	23	-275	7	-9,542	-5,017	7,078	12,637
Interest Payable	0	0	625	856	643	833	445	0	0	0	0	0	0	0	0
Interest Receivable	2,058	1,915	174	44	77	84	46	55	147	191	203	172	196	159	68
Pre-Tax Profit	-10,736	-5,238	17,543	51,125	6,702	581	157	-235	170	-84	210	-9,370	-4,821	7,238	12,704
Tax	0	0	-3,333	-9,714	-1,273	-110	-30	0	-34	0	-48	0	0	-2,026	-3,557
Profit After Tax	-10,736	-5,238	14,210	41,411	5,429	471	127	-235	136	-84	162	-9,370	-4,821	5,211	9,147
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-10,736	-5,238	14,210	41,411	5,429	471	127	-235	136	-84	162	-9,370	-4,821	5,211	9,147
Employee Costs	201,646	192,022	216,031	205,493	202,482	168,931	188,296	194,525	230,009	56,050	82,775	55,132	54,606	78,566	0
Number Of Employees	6	6	7	7	7	6	7	7	8	2	3	2	2	3	0
EBITDA*	-9,418	-7,153	17,994	51,936	8,331	11,479	11,811	11,015	9,126	9,920	12,571	-1,817	5,938	16,917	21,196

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	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	8,269	1,200	1,200	1,200	1,200	2,262	12,411	23,666	34,971	35,117	24,820	37,384	15,280	23,251	21,180
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	8,269	1,200	1,200	1,200	1,200	2,262	12,411	23,666	34,971	35,117	24,820	37,384	15,280	23,251	21,180
Stock & work in progress	11,240	11,400	7,100	6,560	10,640	13,220	13,930	10,580	9,860	3,910	3,690	3,120	2,365	985	1,250
Trade Debtors	40,820	45,956	38,676	32,616	34,437	25,952	27,674	20,318	17,841	14,160	11,863	6,790	14,426	22,295	12,587
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,250	2,025	0	3,000	6,000	9,000	12,360	0	0	0	0	0	0	0	0
Cash	27,976	50,442	58,959	80,323	8,523	11,892	10,567	7,881	36,506	22,170	54,197	26,991	41,778	36,661	27,042
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	82,286	109,823	104,735	122,499	59,600	60,064	64,531	38,779	64,207	40,240	69,750	36,901	58,569	59,941	40,879
total assets	90,555	111,023	105,935	123,699	60,800	62,326	76,942	62,445	99,178	75,357	94,570	74,285	73,849	83,192	62,059
Bank overdraft	0	0	0	18,277	2,818	2,898	2,492	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	12,569	19,618	11,056	13,819	12,867	13,829	16,476	11,304	34,639	44,007	71,437	41,221	53,270	66,201	50,295
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	30,395	34,398	32,757	41,976	33,358	36,296	38,233	33,011	34,391	0	0	0	0	0	0
total current liabilities	42,964	54,016	43,813	74,072	49,043	53,023	57,201	44,315	69,030	44,007	71,437	41,221	53,270	66,201	50,295
loans	0	0	0	1,715	5,256	8,074	11,206	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	6,052	13,861	22,672	23,982	17,740	25,320	8,066	2,533	2,517
provisions	1,571	251	228	228	228	385	2,110	4,023	6,995	7,023	4,964	7,477	2,876	0	0
total long term liabilities	1,571	251	228	1,943	5,484	8,459	19,368	17,884	29,667	31,005	22,704	32,797	10,942	2,533	2,517
total liabilities	44,535	54,267	44,041	76,015	54,527	61,482	76,569	62,199	98,697	75,012	94,141	74,018	64,212	68,734	52,812
net assets	46,020	56,756	61,894	47,684	6,273	844	373	246	481	345	429	267	9,637	14,458	9,247
total shareholders funds	46,020	56,756	61,894	47,684	6,273	844	373	246	481	345	429	267	9,637	14,458	9,247

	Dec 2023	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	-12,794	-7,153	17,994	51,936	7,269	1,330	556	-290	23	-275	7	-9,542	-5,017	7,078	12,637
Depreciation	3,376	0	0	0	1,062	10,149	11,255	11,305	9,103	10,195	12,564	7,725	10,955	9,839	8,559
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-3,333	-9,714	-1,273	-110	-30	0	-34	0	-48	0	0	-2,026	-3,557
Stock	-160	4,300	540	-4,080	-2,580	-710	3,350	720	5,950	220	570	755	1,380	-265	1,250
Debtors	-4,911	9,305	3,060	-4,821	5,485	-5,082	19,716	2,477	3,681	2,297	5,073	-7,636	-7,869	9,708	12,587
Creditors	-7,049	8,562	-2,763	952	-962	-2,647	5,172	-23,335	-9,368	-27,430	30,216	-12,049	-12,931	15,906	50,295
Accruals and Deferred Income	-4,003	1,641	-9,219	8,618	-2,938	-1,937	5,222	-1,380	34,391	0	0	0	0	0	0
Deferred Taxes & Provisions	1,320	23	0	0	-157	-1,725	-1,913	-2,972	-28	2,059	-2,513	4,601	2,876	0	0
Cash flow from operations	-14,079	-10,532	-921	60,693	96	10,852	-2,804	-19,869	24,456	-17,968	34,583	-2,384	2,372	21,354	54,097
Investing Activities
capital expenditure	-10,445	0	0	0	0	0	0	0	-8,957	-20,492	0	-29,829	-2,984	-11,910	-29,739
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-10,445	0	0	0	0	0	0	0	-8,957	-20,492	0	-29,829	-2,984	-11,910	-29,739
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	-1,715	-3,541	-2,818	-3,132	11,206	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	0
other long term liabilities	0	0	0	0	0	-6,052	-7,809	-8,811	-1,310	6,242	-7,580	17,254	5,533	16	2,517
share issue	0	100	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	2,058	1,915	-451	-812	-566	-749	-399	55	147	191	203	172	196	159	68
cash flow from financing	2,058	2,015	-2,166	-4,353	-3,384	-9,933	2,998	-8,756	-1,163	6,433	-7,377	17,426	5,729	175	2,685
cash and cash equivalents
cash	-22,466	-8,517	-21,364	71,800	-3,369	1,325	2,686	-28,625	14,336	-32,027	27,206	-14,787	5,117	9,619	27,042
overdraft	0	0	-18,277	15,459	-80	406	2,492	0	0	0	0	0	0	0	0
change in cash	-22,466	-8,517	-3,087	56,341	-3,289	919	194	-28,625	14,336	-32,027	27,206	-14,787	5,117	9,619	27,042

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FAILSAFE HEATING LIMITED group structure

Failsafe Heating Limited has no subsidiary companies.

Ultimate parent company

FAILSAFE HEATING LIMITED

03896412

FAILSAFE HEATING LIMITED Shareholders

thomas william miller	60%
julia miller	40%

Failsafe Heating Limited currently has 2 directors. The longest serving directors include Mr Thomas Miller (Jan 2000) and Miss Helen Holden (Jun 2015).

officer	country	age	start	end	role
Mr Thomas Miller	United Kingdom	46 years	Jan 2000	-	Director
Miss Helen Holden		46 years	Jun 2015	-	Director

P&L

December 2023

turnover

405.9k

-1%

operating profit

-12.8k

gross margin

42.2%

+1.13%

turnover

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

Balance Sheet

December 2023

net assets

46k

-0.19%

total assets

90.6k

-0.18%

cash

28k

-0.45%

net assets

Total assets minus all liabilities

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company number

03896412

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

December 1999

ultimate parent company

None

previous names

m. t. miller limited (January 2000)

address

4 duke street, mosborough, sheffield, S20 5DG

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 failsafe heating limited.

failsafe heating limited Company Information

failsafe heating limited Estimated Valuation

failsafe heating limited Estimated Valuation

failsafe heating limited Estimated Valuation

Failsafe Heating Limited Overview

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FAILSAFE HEATING LIMITED financials

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