Mitchell Heating Services Limited

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mitchell heating services limited Company Information

Company Number

04994988

Next Accounts

Jan 2026

Directors

Lisa Mitchell

Simon Mitchell

Shareholders

mr simon j. mitchell

mrs lisa mitchell

Group Structure

View All

Industry

Plumbing, heat and air-conditioning installation

Registered Address

c/o watson associates, 30-34 north street, hailsham, east sussex, BN27 1DW

Website

www.mitchellheating.co.uk

mitchell heating services limited Estimated Valuation

£929.2k

Pomanda estimates the enterprise value of MITCHELL HEATING SERVICES LIMITED at £929.2k based on Net Assets of £328.8k and 2.83x industry multiple (adjusted for liquidity).

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Mitchell Heating Services Limited is a live company located in hailsham, BN27 1DW with a Companies House number of 04994988. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in December 2003, it's largest shareholder is mr simon j. mitchell with a 85% stake. Mitchell Heating Services Limited is a mature, micro sized company, Pomanda has estimated its turnover at £89.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Mitchell Heating Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £89.5k, make it smaller than the average company (£319.6k)

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (12.6%)

EXPORT

Mitchell Heating Services Limited's latest turnover from April 2024 is estimated at £89.5 thousand and the company has net assets of £328.8 thousand. According to their latest financial statements, Mitchell Heating Services Limited has 3 employees and maintains cash reserves of £317.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	89,486	99,772	120,226	114,662	88,591	106,935	274,573	332,990	194,823	385,515	497,505	284,250	384,546	227,915	417,297
Other Income Or Grants
Cost Of Sales	61,683	72,140	84,505	81,392	61,224	70,225	182,774	215,576	126,749	253,265	316,103	176,313	240,430	138,372	248,081
Gross Profit	27,803	27,632	35,721	33,270	27,367	36,710	91,799	117,415	68,074	132,250	181,402	107,937	144,117	89,542	169,216
Admin Expenses	36,023	31,222	11,721	-25,016	4,282	-12,260	65,585	93,140	141,564	188,517	120,847	115,195	116,561	80,977	-107,938
Operating Profit	-8,220	-3,590	24,000	58,286	23,085	48,970	26,214	24,275	-73,490	-56,267	60,555	-7,258	27,556	8,565	277,154
Interest Payable
Interest Receivable	17,082	14,278	2,459	291	250	1,663	976	425	881	1,083	1,147	1,044	975	859	380
Pre-Tax Profit	8,861	10,688	26,459	58,577	23,335	50,633	27,190	24,700	-72,609	-55,184	61,701	-6,214	28,530	9,424	277,535
Tax	-2,215	-2,672	-5,027	-11,130	-4,434	-9,620	-5,166	-4,693			-12,957		-6,847	-2,450	-77,710
Profit After Tax	6,646	8,016	21,432	47,447	18,901	41,013	22,024	20,007	-72,609	-55,184	48,744	-6,214	21,683	6,974	199,825
Dividends Paid
Retained Profit	6,646	8,016	21,432	47,447	18,901	41,013	22,024	20,007	-72,609	-55,184	48,744	-6,214	21,683	6,974	199,825
Employee Costs	98,101	94,982	102,351	97,496	100,762	104,967	274,797	265,475	70,998	104,634	141,264	104,371	104,533	100,096	128,552
Number Of Employees	3	3	3	3	3	3	8	8	2	3	4	3	3	3	4
EBITDA*	2,218	-1,481	26,013	60,965	28,386	55,601	28,375	26,383	-70,577	-52,265	74,625	3,888	39,121	20,963	290,749

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	29,208	5,555	6,225	7,939	11,764	17,317	5,229	5,802	6,944	9,723	13,557	4,706	5,415	7,652	9,793
Intangible Assets	90	112	140	175	219	274	343	429	536	670	838	10,048	19,310	28,638	38,048
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	29,298	5,667	6,365	8,114	11,983	17,591	5,572	6,231	7,480	10,393	14,395	14,754	24,725	36,290	47,841
Stock & work in progress	3,000	3,350	10,000	5,500	2,344	4,160	5,200	5,680	14,000	15,000	32,250	10,326	10,886	3,650	3,500
Trade Debtors	768	4,705	727	6,107	1,941	8,539	13,967	32,095	36,234	58,069	63,386	36,166	58,460	28,087	65,963
Group Debtors
Misc Debtors	3,173	2,432	2,449	3,102	1,800	2,258	4,478	5,585	7,021
Cash	317,201	333,526	338,360	317,342	264,130	234,867	208,671	181,767	158,268	194,031	239,241	219,427	198,365	191,519	152,159
misc current assets
total current assets	324,142	344,013	351,536	332,051	270,215	249,824	232,316	225,127	215,523	267,100	334,877	265,919	267,711	223,256	221,622
total assets	353,440	349,680	357,901	340,165	282,198	267,415	237,888	231,358	223,003	277,493	349,272	280,673	292,436	259,546	269,463
Bank overdraft
Bank loan
Trade Creditors	2,292	1,093	10,929	9,197	2,658	917	12,734	15,461	6,612	61,565	78,160	58,305	63,854	52,647	69,538
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	16,852	25,445	31,736	38,106	34,125	40,135	39,804	52,571	73,072
total current liabilities	19,144	26,538	42,665	47,303	36,783	41,052	52,538	68,032	79,684	61,565	78,160	58,305	63,854	52,647	69,538
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities				151	151
provisions	5,491	983	1,093
total long term liabilities	5,491	983	1,093	151	151
total liabilities	24,635	27,521	43,758	47,454	36,934	41,052	52,538	68,032	79,684	61,565	78,160	58,305	63,854	52,647	69,538
net assets	328,805	322,159	314,143	292,711	245,264	226,363	185,350	163,326	143,319	215,928	271,112	222,368	228,582	206,899	199,925
total shareholders funds	328,805	322,159	314,143	292,711	245,264	226,363	185,350	163,326	143,319	215,928	271,112	222,368	228,582	206,899	199,925

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-8,220	-3,590	24,000	58,286	23,085	48,970	26,214	24,275	-73,490	-56,267	60,555	-7,258	27,556	8,565	277,154
Depreciation	10,416	2,081	1,978	2,635	5,246	6,562	2,075	2,001	2,779	3,834	4,860	1,884	2,237	2,988	4,083
Amortisation	22	28	35	44	55	69	86	107	134	168	9,210	9,262	9,328	9,410	9,512
Tax	-2,215	-2,672	-5,027	-11,130	-4,434	-9,620	-5,166	-4,693			-12,957		-6,847	-2,450	-77,710
Stock	-350	-6,650	4,500	3,156	-1,816	-1,040	-480	-8,320	-1,000	-17,250	21,924	-560	7,236	150	3,500
Debtors	-3,196	3,961	-6,033	5,468	-7,056	-7,648	-19,235	-5,575	-14,814	-5,317	27,220	-22,294	30,373	-37,876	65,963
Creditors	1,199	-9,836	1,732	6,539	1,741	-11,817	-2,727	8,849	-54,953	-16,595	19,855	-5,549	11,207	-16,891	69,538
Accruals and Deferred Income	-8,593	-6,291	-6,370	3,981	-6,010	331	-12,767	-20,501	73,072
Deferred Taxes & Provisions	4,508	-110	1,093
Cash flow from operations	663	-17,701	18,974	51,731	28,555	43,183	27,430	23,933	-36,644	-46,293	32,379	21,193	5,872	39,348	213,114
Investing Activities
capital expenditure	-34,069	-1,411	-264	1,190	307	-18,650	-1,502	-859			-13,711	-1,175		-847	-61,436
Change in Investments
cash flow from investments	-34,069	-1,411	-264	1,190	307	-18,650	-1,502	-859			-13,711	-1,175		-847	-61,436
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities			-151		151
share issue															100
interest	17,082	14,278	2,459	291	250	1,663	976	425	881	1,083	1,147	1,044	975	859	380
cash flow from financing	17,082	14,278	2,308	291	401	1,663	976	425	881	1,083	1,147	1,044	975	859	480
cash and cash equivalents
cash	-16,325	-4,834	21,018	53,212	29,263	26,196	26,904	23,499	-35,763	-45,210	19,814	21,062	6,846	39,360	152,159
overdraft
change in cash	-16,325	-4,834	21,018	53,212	29,263	26,196	26,904	23,499	-35,763	-45,210	19,814	21,062	6,846	39,360	152,159

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MITCHELL HEATING SERVICES LIMITED group structure

Mitchell Heating Services Limited has no subsidiary companies.

Ultimate parent company

MITCHELL HEATING SERVICES LIMITED

04994988

MITCHELL HEATING SERVICES LIMITED Shareholders

mr simon j. mitchell	85%
mrs lisa mitchell	15%

Mitchell Heating Services Limited currently has 2 directors. The longest serving directors include Ms Lisa Mitchell (Dec 2003) and Mr Simon Mitchell (Dec 2003).

officer	country	age	start	end	role
Ms Lisa Mitchell		58 years	Dec 2003	-	Director
Mr Simon Mitchell		62 years	Dec 2003	-	Director

P&L

April 2024

turnover

89.5k

-10%

operating profit

-8.2k

gross margin

31.1%

+12.18%

turnover

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

Balance Sheet

April 2024

net assets

328.8k

+0.02%

total assets

353.4k

+0.01%

cash

317.2k

-0.05%

net assets

Total assets minus all liabilities

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company number

04994988

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

December 2003

ultimate parent company

None

previous names

N/A

address

c/o watson associates, 30-34 north street, hailsham, east sussex, BN27 1DW

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mitchell heating services limited Company Information

mitchell heating services limited Estimated Valuation

mitchell heating services limited Estimated Valuation

mitchell heating services limited Estimated Valuation

Mitchell Heating Services Limited Overview

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