Pomanda estimates the enterprise value of FLOOR HEATING SYSTEMS LIMITED at £728.2k based on a Turnover of £2.2m and 0.33x industry multiple (adjusted for size and gross margin).
floor heating systems limitedEstimated Valuation
£376.8k
Pomanda estimates the enterprise value of FLOOR HEATING SYSTEMS LIMITED at £376.8k based on an EBITDA of £100k and a 3.77x industry multiple (adjusted for size and gross margin).
floor heating systems limitedEstimated Valuation
£1.6m
Pomanda estimates the enterprise value of FLOOR HEATING SYSTEMS LIMITED at £1.6m based on Net Assets of £662.8k and 2.35x industry multiple (adjusted for liquidity).
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Floor Heating Systems LimitedOverview
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
£2.2m with
low
growth in recent years.
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 £2.2m, make it smaller than the average company (£15.3m)
£2.2m - Floor Heating Systems Limited
£15.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (10.4%)
3% - Floor Heating Systems Limited
10.4% - Industry AVG
Production
with a gross margin of 26.7%, this company has a comparable cost of product (26.7%)
26.7% - Floor Heating Systems Limited
26.7% - Industry AVG
Profitability
an operating margin of 3.9% make it less profitable than the average company (5.9%)
3.9% - Floor Heating Systems Limited
5.9% - Industry AVG
Employees
with 6 employees, this is below the industry average (40)
6 - Floor Heating Systems Limited
40 - Industry AVG
Pay Structure
on an average salary of £36.6k, the company has an equivalent pay structure (£36.6k)
£36.6k - Floor Heating Systems Limited
£36.6k - Industry AVG
Efficiency
resulting in sales per employee of £366.9k, this is more efficient (£282.8k)
£366.9k - Floor Heating Systems Limited
£282.8k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is later than average (25 days)
40 days - Floor Heating Systems Limited
25 days - Industry AVG
Creditor Days
its suppliers are paid after 96 days, this is slower than average (44 days)
96 days - Floor Heating Systems Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 95 days, this is in line with average (85 days)
95 days - Floor Heating Systems Limited
85 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 46 weeks, this is more cash available to meet short term requirements (15 weeks)
46 weeks - Floor Heating Systems Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 39.7%, this is a lower level of debt than the average (53.7%)
39.7% - Floor Heating Systems Limited
53.7% - Industry AVG
FLOOR HEATING SYSTEMS LIMITED financials
EXPORT
Floor Heating Systems Limited's latest turnover from March 2024 is estimated at £2.2 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
2,201,244
2,384,584
2,299,087
1,996,189
1,607,669
1,654,006
1,586,741
1,603,752
1,506,269
2,166,240
3,051,194
2,657,279
3,231,584
4,850,010
7,261,112
Other Income Or Grants
Cost Of Sales
1,613,484
1,749,111
1,700,289
1,451,267
1,157,287
1,176,572
1,128,872
1,084,661
1,057,655
1,554,305
2,181,853
1,875,254
2,266,235
3,335,416
4,886,960
Gross Profit
587,760
635,473
598,798
544,922
450,382
477,434
457,869
519,091
448,614
611,935
869,342
782,025
965,349
1,514,593
2,374,152
Admin Expenses
502,564
424,346
421,357
459,452
450,547
425,770
495,242
546,272
469,754
652,245
893,577
726,845
1,201,983
1,498,768
1,741,395
Operating Profit
85,196
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
Interest Receivable
19,816
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
-9,936
-13,427
-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
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
219,800
172,741
169,188
168,785
189,504
188,504
184,762
178,595
166,506
312,327
422,972
403,359
486,118
659,727
1,154,090
Number Of Employees
6
5
5
6
7
7
7
7
7
14
22
20
23
32
52
EBITDA*
99,972
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
Investments & Other
1,814
4,206
Debtors (Due After 1 year)
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
Misc Debtors
22,890
221
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
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
Bank loan
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
other short term finances
hp & lease commitments
other current liabilities
40,568
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
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
9,675
18,419
6,581
3,978
4,031
3,343
2,305
1,719
2,711
total long term liabilities
9,675
18,419
6,581
3,978
4,031
3,343
2,305
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
85,196
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
10
3
Tax
-26,253
-42,925
-34,110
-16,272
-9,936
-13,427
-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
-40,568
40,568
Deferred Taxes & Provisions
-8,744
11,838
2,603
-53
688
1,038
2,305
-1,719
-992
2,711
Cash flow from operations
-8,683
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
-1,814
1,814
-4,206
4,206
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
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-4,140
20,700
-290
-20
930
interest
19,816
14,796
2,084
171
112
628
263
145
361
363
674
768
863
1,314
694
cash flow from financing
19,816
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
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
floor heating systems limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for floor heating systems limited. Get real-time insights into floor heating systems limited's credit score, group structure and payment trends.
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 Ownership
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
The largest shareholders in Floor Heating Systems Limited include Ashley Spray and Joanne Spray.
ashley spray
64.35%
joanne spray
29.03%
andrew dye
6.61%
floor heating systems limited directors
Floor Heating Systems Limited currently has 2 directors.
The longest serving directors include
Ashley Spray (Dec 2002) and
Mr Andrew Dye (Apr 2010).
47540 - Retail sale of electrical household appliances in specialised stores
incorporation date
March 2001
age
24
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
cozy heat uk limited (November 2001)
accountant
-
auditor
-
address
fairway court, wigwam lane hucknall, nottingham, NG15 7TA
Bank
-
Legal Advisor
-
floor heating systems 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 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 Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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floor heating systems limitedCompanies House Filings - See Documents
