direct heating & plumbing merchants limited
direct heating & plumbing merchants limited Company Information
Company Number
04039026
Website
www.directhp.co.ukRegistered Address
unit 1, radford industrial estate, london, NW10 6UA
Industry
Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c
Telephone
01702461199
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
dh & p hrp holdings limited 100%
direct heating & plumbing merchants limited Estimated Valuation
Pomanda estimates the enterprise value of DIRECT HEATING & PLUMBING MERCHANTS LIMITED at £12.5m based on a Turnover of £29.1m and 0.43x industry multiple (adjusted for size and gross margin).
direct heating & plumbing merchants limited Estimated Valuation
Pomanda estimates the enterprise value of DIRECT HEATING & PLUMBING MERCHANTS LIMITED at £8.8m based on an EBITDA of £2.3m and a 3.84x industry multiple (adjusted for size and gross margin).
direct heating & plumbing merchants limited Estimated Valuation
Pomanda estimates the enterprise value of DIRECT HEATING & PLUMBING MERCHANTS LIMITED at £10.3m based on Net Assets of £3.6m and 2.89x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
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Direct Heating & Plumbing Merchants Limited Overview
Direct Heating & Plumbing Merchants Limited is a live company located in london, NW10 6UA with a Companies House number of 04039026. It operates in the other retail sale of new goods in specialised stores (not commercial art galleries and opticians) sector, SIC Code 47789. Founded in July 2000, it's largest shareholder is dh & p hrp holdings limited with a 100% stake. Direct Heating & Plumbing Merchants Limited is a mature, large sized company, Pomanda has estimated its turnover at £29.1m with high growth in recent years.
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Direct Heating & Plumbing Merchants Limited Health Check
Pomanda's financial health check has awarded Direct Heating & Plumbing Merchants Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £29.1m, make it larger than the average company (£7.1m)
£29.1m - Direct Heating & Plumbing Merchants Limited
£7.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (4.5%)
18% - Direct Heating & Plumbing Merchants Limited
4.5% - Industry AVG
Production
with a gross margin of 13.2%, this company has a higher cost of product (44%)
13.2% - Direct Heating & Plumbing Merchants Limited
44% - Industry AVG
Profitability
an operating margin of 7.5% make it as profitable than the average company (6.9%)
7.5% - Direct Heating & Plumbing Merchants Limited
6.9% - Industry AVG
Employees
with 16 employees, this is below the industry average (40)
16 - Direct Heating & Plumbing Merchants Limited
40 - Industry AVG
Pay Structure
on an average salary of £25.5k, the company has an equivalent pay structure (£25.5k)
- Direct Heating & Plumbing Merchants Limited
£25.5k - Industry AVG
Efficiency
resulting in sales per employee of £1.8m, this is more efficient (£132.1k)
£1.8m - Direct Heating & Plumbing Merchants Limited
£132.1k - Industry AVG
Debtor Days
it gets paid by customers after 57 days, this is later than average (12 days)
57 days - Direct Heating & Plumbing Merchants Limited
12 days - Industry AVG
Creditor Days
its suppliers are paid after 39 days, this is close to average (40 days)
39 days - Direct Heating & Plumbing Merchants Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 27 days, this is less than average (100 days)
27 days - Direct Heating & Plumbing Merchants Limited
100 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (19 weeks)
4 weeks - Direct Heating & Plumbing Merchants Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53%, this is a lower level of debt than the average (62%)
53% - Direct Heating & Plumbing Merchants Limited
62% - Industry AVG
direct heating & plumbing merchants limited Credit Report and Business Information
Direct Heating & Plumbing Merchants Limited Competitor Analysis
Perform a competitor analysis for direct heating & plumbing merchants limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
direct heating & plumbing merchants limited Ownership
DIRECT HEATING & PLUMBING MERCHANTS LIMITED group structure
Direct Heating & Plumbing Merchants Limited has no subsidiary companies.
Ultimate parent company
2 parents
DIRECT HEATING & PLUMBING MERCHANTS LIMITED
04039026
direct heating & plumbing merchants limited directors
Direct Heating & Plumbing Merchants Limited currently has 5 directors. The longest serving directors include Mr Jason Stockley (Jul 2000) and Mr Neil Lake (Aug 2003).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jason Stockley | United Kingdom | 56 years | Jul 2000 | - | Director |
| Mr Neil Lake | United Kingdom | 59 years | Aug 2003 | - | Director |
| Mr Michael Brockman | United Kingdom | 46 years | Mar 2022 | - | Director |
| Mr Shanker Patel | United Kingdom | 53 years | Mar 2022 | - | Director |
| Mr Christopher Day | United Kingdom | 40 years | Mar 2022 | - | Director |
DIRECT HEATING & PLUMBING MERCHANTS LIMITED financials
Direct Heating & Plumbing Merchants Limited's latest turnover from December 2022 is £29.1 million and the company has net assets of £3.6 million. According to their latest financial statements, Direct Heating & Plumbing Merchants Limited has 16 employees and maintains cash reserves of £333.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 29,087,325 | 22,295,699 | 20,641,662 | 17,859,187 | 13,925,675 | 11,903,845 | 9,971,544 | 9,095,258 | 7,410,289 | 6,269,751 | ||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 25,258,821 | 18,797,637 | 17,307,774 | 15,013,225 | 11,572,370 | 9,921,815 | 8,169,373 | 7,556,057 | 6,059,558 | 4,936,023 | ||||
| Gross Profit | 3,828,504 | 3,498,062 | 3,333,888 | 2,845,962 | 2,353,305 | 1,982,030 | 1,802,171 | 1,539,201 | 1,350,731 | 1,333,728 | ||||
| Admin Expenses | 1,638,805 | 2,941,593 | 1,785,955 | 1,603,522 | 1,488,320 | 1,388,749 | 1,278,400 | 1,103,127 | 1,022,451 | 1,047,710 | ||||
| Operating Profit | 2,189,699 | 556,469 | 1,547,933 | 1,242,440 | 864,985 | 593,281 | 523,771 | 436,074 | 328,280 | 286,018 | ||||
| Interest Payable | 2,511 | 15,249 | 8,901 | 10,506 | 8,414 | 1,350 | 1,350 | 1,351 | 1,350 | 1,569 | ||||
| Interest Receivable | 2,031 | 101 | 1,800 | 980 | 253 | 540 | 1,065 | 1,009 | 1,165 | 0 | ||||
| Pre-Tax Profit | 2,189,219 | 541,321 | 1,540,832 | 1,232,914 | 856,824 | 592,471 | 523,486 | 435,732 | 328,095 | 284,449 | ||||
| Tax | -643,346 | -363,302 | -310,667 | -235,414 | -158,676 | -124,031 | -106,112 | -89,560 | -67,598 | -57,941 | ||||
| Profit After Tax | 1,545,873 | 178,019 | 1,230,165 | 997,500 | 698,148 | 468,440 | 417,374 | 346,172 | 260,497 | 226,508 | ||||
| Dividends Paid | 0 | 0 | 0 | 545,952 | 453,774 | 359,910 | 288,000 | 325,056 | 180,000 | 0 | ||||
| Retained Profit | 1,545,873 | 178,019 | 1,230,165 | 451,548 | 244,374 | 108,530 | 129,374 | 21,116 | 80,497 | 226,508 | ||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 16 | 32 | 44 | 36 | 35 | 33 | ||||||||
| EBITDA* | 2,290,194 | 625,656 | 1,662,009 | 1,293,607 | 903,249 | 626,013 | 541,670 | 450,063 | 339,444 | 302,583 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 137,554 | 315,659 | 95,782 | 135,437 | 116,696 | 117,194 | 129,094 | 57,262 | 33,482 | 57,760 | 63,175 | 71,626 | 85,639 | 106,220 |
| Intangible Assets | 100,535 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 2,769 | 2,769 | 2,769 | 2,769 | 2,769 | 2,769 | 2,769 | 2,769 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 238,089 | 315,659 | 95,782 | 135,437 | 116,696 | 117,194 | 131,863 | 60,031 | 36,251 | 60,529 | 65,944 | 74,395 | 88,408 | 108,989 |
| Stock & work in progress | 1,936,236 | 1,881,167 | 1,791,551 | 2,300,407 | 1,951,194 | 1,787,905 | 1,157,483 | 1,221,145 | 1,021,073 | 1,061,114 | 1,014,775 | 1,016,855 | 980,859 | 1,017,478 |
| Trade Debtors | 4,615,962 | 2,004,624 | 2,358,980 | 2,163,492 | 1,590,920 | 1,182,630 | 869,043 | 789,266 | 619,691 | 471,309 | 499,910 | 460,967 | 497,348 | 471,197 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 464,017 | 330,104 | 148,706 | 152,395 | 62,925 | 60,618 | 63,843 | 87,057 | 33,414 | 33,787 | 0 | 0 | 0 | 0 |
| Cash | 333,945 | 0 | 693,306 | 102,768 | 198,542 | 136,988 | 404,775 | 192,054 | 367,273 | 313,434 | 276,080 | 197,461 | 324,517 | 242,035 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,350,160 | 4,215,895 | 4,992,543 | 4,719,062 | 3,803,581 | 3,168,141 | 2,495,144 | 2,289,522 | 2,041,451 | 1,879,644 | 1,790,765 | 1,675,283 | 1,802,724 | 1,730,710 |
| total assets | 7,588,249 | 4,531,554 | 5,088,325 | 4,854,499 | 3,920,277 | 3,285,335 | 2,627,007 | 2,349,553 | 2,077,702 | 1,940,173 | 1,856,709 | 1,749,678 | 1,891,132 | 1,839,699 |
| Bank overdraft | 0 | 439,983 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 4,167 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,731,298 | 1,357,801 | 1,716,007 | 1,919,719 | 1,647,859 | 1,390,703 | 774,114 | 788,132 | 523,601 | 413,139 | 688,868 | 580,469 | 673,992 | 711,898 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,661 | 15,606 | 28,515 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 6,894 | 4,361 | 11,528 | 11,202 | 7,057 | 9,068 | 8,369 | 3,752 | 4,332 | 3,988 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,242,684 | 477,355 | 640,188 | 673,809 | 482,223 | 349,017 | 382,759 | 156,245 | 158,624 | 160,929 | 0 | 0 | 0 | 0 |
| total current liabilities | 3,980,876 | 2,279,500 | 2,371,890 | 2,604,730 | 2,137,139 | 1,748,788 | 1,165,242 | 998,790 | 732,163 | 606,571 | 688,868 | 580,469 | 673,992 | 711,898 |
| loans | 0 | 0 | 245,833 | 0 | 0 | 0 | 0 | 0 | 90,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 11,446 | 4,070 | 43,138 | 8,658 | 377 | 4,708 | 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 | 8,802 | 25,559 | 26,743 | 0 | 0 | 0 | 60,000 | 0 | 150,000 | 29,197 | 41,000 | 148,115 | 165,901 |
| provisions | 41,719 | 65,471 | 15,181 | 16,764 | 16,978 | 22,137 | 16,817 | 9,669 | 3,842 | 8,071 | 8,389 | 8,695 | 10,595 | 13,070 |
| total long term liabilities | 41,719 | 74,273 | 286,573 | 43,507 | 28,424 | 26,207 | 59,955 | 78,327 | 94,219 | 162,779 | 37,586 | 49,695 | 158,710 | 178,971 |
| total liabilities | 4,022,595 | 2,353,773 | 2,658,463 | 2,648,237 | 2,165,563 | 1,774,995 | 1,225,197 | 1,077,117 | 826,382 | 769,350 | 726,454 | 630,164 | 832,702 | 890,869 |
| net assets | 3,565,654 | 2,177,781 | 2,429,862 | 2,206,262 | 1,754,714 | 1,510,340 | 1,401,810 | 1,272,436 | 1,251,320 | 1,170,823 | 1,130,255 | 1,119,514 | 1,058,430 | 948,830 |
| total shareholders funds | 3,565,654 | 2,177,781 | 2,429,862 | 2,206,262 | 1,754,714 | 1,510,340 | 1,401,810 | 1,272,436 | 1,251,320 | 1,170,823 | 1,130,255 | 1,119,514 | 1,058,430 | 948,830 |
| Dec 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 2,189,699 | 556,469 | 1,547,933 | 1,242,440 | 864,985 | 593,281 | 523,771 | 436,074 | 328,280 | 286,018 | ||||
| Depreciation | 81,609 | 69,187 | 80,106 | 51,167 | 38,264 | 32,732 | 17,899 | 13,989 | 11,164 | 16,565 | 20,456 | 24,781 | 27,744 | 33,413 |
| Amortisation | 18,886 | 0 | 33,970 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 108,097 |
| Tax | -643,346 | -363,302 | -310,667 | -235,414 | -158,676 | -124,031 | -106,112 | -89,560 | -67,598 | -57,941 | ||||
| Stock | 55,069 | 89,616 | -508,856 | 349,213 | 163,289 | 630,422 | -63,662 | 200,072 | -40,041 | 46,339 | -2,080 | 35,996 | -36,619 | 1,017,478 |
| Debtors | 2,745,251 | -172,958 | 191,799 | 662,042 | 410,597 | 310,362 | 56,563 | 223,218 | 148,009 | 5,186 | 38,943 | -36,381 | 26,151 | 471,197 |
| Creditors | 1,373,497 | -358,206 | -203,712 | 271,860 | 257,156 | 616,589 | -14,018 | 264,531 | 110,462 | -275,729 | 108,399 | -93,523 | -37,906 | 711,898 |
| Accruals and Deferred Income | 765,329 | -162,833 | -33,621 | 191,586 | 133,206 | -33,742 | 226,514 | -2,379 | -2,305 | 160,929 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -23,752 | 50,290 | -1,583 | -214 | -5,159 | 5,320 | 7,148 | 5,827 | -4,229 | -318 | -306 | -1,900 | -2,475 | 13,070 |
| Cash flow from operations | 961,602 | -125,053 | 1,429,483 | 510,170 | 555,890 | 149,365 | 662,301 | 205,192 | 267,806 | 77,999 | ||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | -2,769 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,769 |
| cash flow from investments | 2,769 | |||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | -4,167 | 4,167 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | -50,661 | 35,055 | -12,909 | 28,515 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -30,000 | 30,000 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -245,833 | 245,833 | 0 | 0 | 0 | 0 | -90,000 | 90,000 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 2,533 | -7,167 | 326 | -7,301 | 5,365 | -38,369 | 39,097 | 7,701 | -3,987 | 8,696 | 0 | 0 | 0 | 0 |
| other long term liabilities | -8,802 | -16,757 | -1,184 | 26,743 | 0 | 0 | -60,000 | 60,000 | -150,000 | 120,803 | -11,803 | -107,115 | -17,786 | 165,901 |
| share issue | ||||||||||||||
| interest | -480 | -15,148 | -7,101 | -9,526 | -8,161 | -810 | -285 | -342 | -185 | -1,569 | ||||
| cash flow from financing | -164,749 | -719,172 | -764,524 | 9,916 | -2,796 | -39,179 | -71,849 | -17,586 | -47,081 | -29,495 | ||||
| cash and cash equivalents | ||||||||||||||
| cash | 333,945 | -693,306 | 590,538 | -95,774 | 61,554 | -267,787 | 212,721 | -175,219 | 53,839 | 37,354 | 78,619 | -127,056 | 82,482 | 242,035 |
| overdraft | -439,983 | 439,983 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 773,928 | -1,133,289 | 590,538 | -95,774 | 61,554 | -267,787 | 212,721 | -175,219 | 53,839 | 37,354 | 78,619 | -127,056 | 82,482 | 242,035 |
P&L
December 2022turnover
29.1m
+30%
operating profit
2.2m
+293%
gross margin
13.2%
-16.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
3.6m
+0.64%
total assets
7.6m
+0.67%
cash
333.9k
0%
net assets
Total assets minus all liabilities
Similar Companies
direct heating & plumbing merchants limited company details
company number
04039026
Type
Private limited with Share Capital
industry
47789 - Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c
incorporation date
July 2000
age
24
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
N/A
incorporated
UK
address
unit 1, radford industrial estate, london, NW10 6UA
last accounts submitted
December 2022
direct heating & plumbing merchants 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 direct heating & plumbing merchants limited. Currently there are 2 open charges and 5 have been satisfied in the past.
direct heating & plumbing merchants limited Companies House Filings - See Documents
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