Floor Heating Systems Limited

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floor heating systems limited Company Information

Live

MatureSmallHealthy

Company Number

04173185

Website

http://handyheat.co.uk

Registered Address

fairway court, wigwam lane hucknall, nottingham, NG15 7TA

Industry

Retail sale of electrical household appliances in specialised stores

Telephone

01159632314

Next Accounts Due

December 2025

Group Structure

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Directors

Ashley Spray21 Years

Andrew Dye14 Years

Shareholders

ashley spray 64.4%

joanne spray 29%

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floor heating systems limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of FLOOR HEATING SYSTEMS LIMITED at £1.6m based on Net Assets of £662.8k and 2.38x industry multiple (adjusted for liquidity).

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Floor Heating Systems Limited is a live company located in nottingham, NG15 7TA with a Companies House number of 04173185. It operates in the retail sale of electrical household appliances in specialised stores sector, SIC Code 47540. Founded in March 2001, it's largest shareholder is ashley spray with a 64.4% stake. Floor Heating Systems Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Floor Heating Systems Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £2.6m, make it smaller than the average company (£12.3m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a slower rate (12.5%)

EXPORT

Floor Heating Systems Limited's latest turnover from March 2024 is estimated at £2.6 million and the company has net assets of £662.8 thousand. According to their latest financial statements, Floor Heating Systems Limited has 6 employees and maintains cash reserves of £377.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,649,452	2,822,698	2,535,302	2,107,902	1,716,547	1,669,902	1,646,998	1,692,257	1,512,702	2,172,434	3,045,873	2,658,009	3,373,079	4,869,560	7,275,932
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,925,418	2,070,471	1,843,609	1,526,939	1,231,584	1,152,906	1,164,509	1,127,629	1,069,293	1,556,530	2,156,686	1,872,503	2,367,330	3,348,861	4,902,650
Gross Profit	724,034	752,227	691,693	580,963	484,962	516,995	482,489	564,628	443,409	615,904	889,187	785,505	1,005,749	1,520,699	2,373,282
Admin Expenses	637,894	541,100	514,252	495,493	485,127	465,331	519,862	591,809	464,549	656,214	913,422	730,325	1,242,383	1,504,874	1,740,525
Operating Profit	86,140	211,127	177,441	85,470	-165	51,664	-37,373	-27,181	-21,140	-40,310	-24,235	55,180	-236,634	15,825	632,757
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	18,872	14,796	2,084	171	112	628	263	145	361	363	674	768	863	1,314	694
Pre-Tax Profit	105,012	225,923	179,525	85,641	-53	52,293	-37,110	-27,036	-20,779	-39,947	-23,561	55,947	-235,771	17,139	633,451
Tax	-26,253	-42,925	-34,110	-16,272	0	-9,936	0	0	0	0	0	-13,427	0	-4,799	-177,366
Profit After Tax	78,759	182,998	145,415	69,369	-53	42,357	-37,110	-27,036	-20,779	-39,947	-23,561	42,520	-235,771	12,340	456,085
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	78,759	182,998	145,415	69,369	-53	42,357	-37,110	-27,036	-20,779	-39,947	-23,561	42,520	-235,771	12,340	456,085
Employee Costs	188,349	146,145	137,403	159,608	175,698	165,477	165,477	175,661	166,506	306,350	422,972	403,359	513,613	665,161	1,211,148
Number Of Employees	6	5	5	6	7	7	7	7	7	14	22	20	24	32	52
EBITDA*	100,916	223,146	183,520	88,930	2,703	53,823	-34,784	-22,782	-10,118	-23,953	-3,536	76,985	-208,627	61,237	683,393

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	54,595	58,604	39,311	29,655	25,434	25,448	25,637	11,505	15,665	49,484	62,910	64,769	70,105	94,178	116,363
Intangible Assets	57	67	77	87	97	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	1,814	0	0	0	4,206	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	54,652	58,671	39,388	29,742	25,531	25,448	25,637	13,319	15,665	49,484	62,910	68,975	70,105	94,178	116,363
Stock & work in progress	420,080	382,874	245,248	207,704	140,983	157,419	122,211	125,655	123,103	112,103	131,499	110,228	135,143	165,796	190,138
Trade Debtors	245,797	264,948	217,352	181,337	159,516	155,398	144,595	153,174	125,421	162,253	170,964	150,443	190,165	313,486	367,851
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	22,890	221	0	0	0	0	0
Cash	377,629	377,253	319,034	236,731	104,583	118,746	48,806	56,378	59,325	85,030	59,998	209,589	97,510	247,752	277,767
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,043,506	1,025,075	781,634	625,772	405,082	431,563	315,612	335,207	330,739	359,607	362,461	470,260	422,818	727,034	835,756
total assets	1,098,158	1,083,746	821,022	655,514	430,613	457,011	341,249	348,526	346,404	409,091	425,371	539,235	492,923	821,212	952,119
Bank overdraft	0	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	0
Trade Creditors	425,717	481,320	413,432	395,942	240,357	267,390	190,883	184,055	114,329	196,805	173,138	263,441	259,649	350,158	492,393
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	0	0	0	0	0	0	0	0	40,568	0	0	0	0	0	0
total current liabilities	425,717	481,320	413,432	395,942	240,357	267,390	190,883	184,055	154,897	196,805	173,138	263,441	259,649	350,158	492,393
loans	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
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	0	0	0	0	0	0	0	0	0
provisions	9,675	18,419	6,581	3,978	4,031	3,343	2,305	0	0	0	0	0	0	1,719	2,711
total long term liabilities	9,675	18,419	6,581	3,978	4,031	3,343	2,305	0	0	0	0	0	0	1,719	2,711
total liabilities	435,392	499,739	420,013	399,920	244,388	270,733	193,188	184,055	154,897	196,805	173,138	263,441	259,649	351,877	495,104
net assets	662,766	584,007	401,009	255,594	186,225	186,278	148,061	164,471	191,507	212,286	252,233	275,794	233,274	469,335	457,015
total shareholders funds	662,766	584,007	401,009	255,594	186,225	186,278	148,061	164,471	191,507	212,286	252,233	275,794	233,274	469,335	457,015

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	86,140	211,127	177,441	85,470	-165	51,664	-37,373	-27,181	-21,140	-40,310	-24,235	55,180	-236,634	15,825	632,757
Depreciation	14,766	12,009	6,079	3,450	2,865	2,159	2,589	4,399	11,022	16,357	20,699	21,805	28,007	45,412	50,636
Amortisation	10	10	0	10	3	0	0	0	0	0	0	0	0	0	0
Tax	-26,253	-42,925	-34,110	-16,272	0	-9,936	0	0	0	0	0	-13,427	0	-4,799	-177,366
Stock	37,206	137,626	37,544	66,721	-16,436	35,208	-3,444	2,552	11,000	-19,396	21,271	-24,915	-30,653	-24,342	190,138
Debtors	-19,151	47,596	36,015	21,821	4,118	10,803	-8,579	4,863	-14,163	-8,490	20,521	-39,722	-123,321	-54,365	367,851
Creditors	-55,603	67,888	17,490	155,585	-27,033	76,507	6,828	69,726	-82,476	23,667	-90,303	3,792	-90,509	-142,235	492,393
Accruals and Deferred Income	0	0	0	0	0	0	0	-40,568	40,568	0	0	0	0	0	0
Deferred Taxes & Provisions	-8,744	11,838	2,603	-53	688	1,038	2,305	0	0	0	0	0	-1,719	-992	2,711
Cash flow from operations	-7,739	74,725	95,944	139,648	-11,324	75,421	-13,628	-1,039	-48,863	27,600	-135,631	131,987	-146,881	-8,082	443,142
Investing Activities
capital expenditure	-10,757	-31,302	-15,725	-7,671	-2,951	-1,970	-16,721	-239	22,797	-2,931	-18,840	-16,469	-3,934	-23,227	-166,999
Change in Investments	0	0	0	0	0	0	-1,814	1,814	0	0	-4,206	4,206	0	0	0
cash flow from investments	-10,757	-31,302	-15,725	-7,671	-2,951	-1,970	-14,907	-2,053	22,797	-2,931	-14,634	-20,675	-3,934	-23,227	-166,999
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	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	-4,140	20,700	0	0	0	0	0	-290	-20	930
interest	18,872	14,796	2,084	171	112	628	263	145	361	363	674	768	863	1,314	694
cash flow from financing	18,872	14,796	2,084	171	112	-3,512	20,963	145	361	363	674	768	573	1,294	1,624
cash and cash equivalents
cash	376	58,219	82,303	132,148	-14,163	69,940	-7,572	-2,947	-25,705	25,032	-149,591	112,079	-150,242	-30,015	277,767
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	376	58,219	82,303	132,148	-14,163	69,940	-7,572	-2,947	-25,705	25,032	-149,591	112,079	-150,242	-30,015	277,767

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for floor heating systems limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in NG15 area or any other competitors across 12 key performance metrics.

FLOOR HEATING SYSTEMS LIMITED group structure

Floor Heating Systems Limited has no subsidiary companies.

Ultimate parent company

FLOOR HEATING SYSTEMS LIMITED

04173185

FLOOR HEATING SYSTEMS LIMITED Shareholders

ashley spray	64.35%
joanne spray	29.03%
andrew dye	6.61%

Floor Heating Systems Limited currently has 2 directors. The longest serving directors include Ashley Spray (Dec 2002) and Mr Andrew Dye (Apr 2010).

officer	country	age	start	end	role
Ashley Spray		47 years	Dec 2002	-	Director
Mr Andrew Dye		54 years	Apr 2010	-	Director

P&L

March 2024

turnover

2.6m

-6%

operating profit

86.1k

gross margin

27.4%

+2.55%

turnover

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

Balance Sheet

March 2024

net assets

662.8k

+0.13%

total assets

1.1m

+0.01%

cash

377.6k

net assets

Total assets minus all liabilities

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company number

04173185

Type

Private limited with Share Capital

industry

47540 - Retail sale of electrical household appliances in specialised stores

incorporation date

March 2001

accounts

Total Exemption Full

ultimate parent company

None

previous names

cozy heat uk limited (November 2001)

last accounts submitted

March 2024

address

fairway court, wigwam lane hucknall, nottingham, NG15 7TA

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 3 charges/mortgages relating to floor heating systems limited. Currently there are 1 open charges and 2 have been satisfied in the past.

floor heating systems limited Company Information

floor heating systems limited Estimated Valuation

floor heating systems limited Estimated Valuation

floor heating systems limited Estimated Valuation

Floor Heating Systems Limited Overview

Floor Heating Systems Limited Health Check

FLOOR HEATING SYSTEMS LIMITED financials

floor heating systems limited Credit Report and Business Information

Floor Heating Systems Limited Competitor Analysis

floor heating systems limited Ownership

floor heating systems limited directors

floor heating systems limited company details

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