Pomanda estimates the enterprise value of HEATING FINANCE LIMITED at £2.7m based on a Turnover of £14m and 0.19x industry multiple (adjusted for size and gross margin).
heating finance limitedEstimated Valuation
£166.3m
Pomanda estimates the enterprise value of HEATING FINANCE LIMITED at £166.3m based on an EBITDA of £109.4m and a 1.52x industry multiple (adjusted for size and gross margin).
heating finance limitedEstimated Valuation
£19.7m
Pomanda estimates the enterprise value of HEATING FINANCE LIMITED at £19.7m based on Net Assets of £9.3m and 2.11x industry multiple (adjusted for liquidity).
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Heating Finance LimitedOverview
Heating Finance Limited is a live company located in warwickshire, CV34 4LL with a Companies House number of 05014835. It operates in the activities of head offices sector, SIC Code 70100. Founded in January 2004, it's largest shareholder is
baxi holdings ltd
with a 100% stake. Heating Finance Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£14m with
declining
growth in recent years.
Pomanda's financial health check has awarded Heating Finance Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
1 Strong
2 Regular
4 Weak
Size
annual sales of £14m, make it in line with the average company (£16.8m)
£14m - Heating Finance Limited
£16.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (0.4%)
-24% - Heating Finance Limited
0.4% - Industry AVG
Production
with a gross margin of -13.6%, this company has a higher cost of product (32.7%)
-13.6% - Heating Finance Limited
32.7% - Industry AVG
Profitability
an operating margin of 781.4% make it more profitable than the average company (5.4%)
781.4% - Heating Finance Limited
5.4% - Industry AVG
Employees
with 81 employees, this is below the industry average (110)
81 - Heating Finance Limited
110 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Heating Finance Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £172.8k, this is equally as efficient (£173.4k)
£172.8k - Heating Finance Limited
£173.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Heating Finance Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Heating Finance Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Heating Finance Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Heating Finance Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.5%, this is a higher level of debt than the average (58.6%)
99.5% - Heating Finance Limited
58.6% - Industry AVG
HEATING FINANCE LIMITED financials
EXPORT
Heating Finance Limited's latest turnover from December 2021 is £14 million and the company has net assets of £9.3 million. According to their latest financial statements, we estimate that Heating Finance Limited has 81 employees and maintains cash reserves of £3 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
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
13,995,000
23,124,000
29,537,000
32,354,000
29,880,000
13,990,000
13,567,000
17,055,000
16,760,000
828,431,000
Other Income Or Grants
Cost Of Sales
15,894,000
20,355,000
31,621,000
31,516,000
27,918,000
9,525,901
9,394,593
12,853,000
15,980,000
591,129,000
Gross Profit
-1,899,000
2,769,000
-2,084,000
838,000
1,962,000
4,464,099
4,172,407
4,202,000
780,000
237,302,000
Admin Expenses
-111,249,561
-108,021,370
-118,914,893
-116,993,720
-110,835,768
7,000
-3,121,794
-4,891,662
-11,032,607
-32,533,058
200,218,000
Operating Profit
109,350,561
110,790,370
116,830,893
117,831,720
112,797,768
-7,000
7,585,893
9,064,069
15,234,607
33,313,058
37,084,000
Interest Payable
26,964,000
13,601,000
32,538,058
33,136,000
48,591,000
69,038,000
Interest Receivable
27,575,000
13,753,000
19,336,000
21,733,000
Pre-Tax Profit
-1,899,000
2,769,000
-2,084,000
838,000
1,962,000
4,579,000
389,000
409,000
4,202,000
780,000
335,644,000
-26,858,000
-14,595,000
Tax
361,000
-526,000
396,000
-159,000
-378,000
-916,000
-79,000
-88,000
-977,000
-191,000
3,656,000
5,956,000
-1,762,000
Profit After Tax
-1,538,000
2,243,000
-1,688,000
679,000
1,584,000
3,663,000
310,000
321,000
3,225,000
589,000
339,300,000
-20,902,000
-16,357,000
Dividends Paid
340,171,000
Retained Profit
-1,538,000
2,243,000
-1,688,000
679,000
1,584,000
3,663,000
310,000
321,000
3,225,000
589,000
-871,000
-20,902,000
-22,716,000
Employee Costs
157,712,000
Number Of Employees
81
137
169
188
179
1
89
86
109
108
1
1
4,031
EBITDA*
109,350,561
110,790,370
116,830,893
117,831,720
112,797,768
-7,000
7,585,893
9,064,069
15,234,607
33,313,058
77,166,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
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
166,264,000
Intangible Assets
535,938,000
Investments & Other
241,331,000
34,177,000
Debtors (Due After 1 year)
1,778,869,000
1,789,148,000
1,771,078,000
Total Fixed Assets
1,778,869,000
1,789,148,000
1,771,078,000
241,331,000
702,202,000
Stock & work in progress
87,917,000
Trade Debtors
198,638,000
Group Debtors
1,750,284,000
1,723,774,000
1,701,069,000
493,506,000
476,098,000
466,024,000
713,394,000
804,455,000
655,456,000
52,938,000
Misc Debtors
3,000
9,612,000
5,956,000
14,982,000
Cash
3,000
773,000
398,000
10,358,000
3,983,000
14,000
64,615,000
misc current assets
355,000
total current assets
6,000
773,000
398,000
1,760,642,000
1,727,757,000
1,701,069,000
493,506,000
476,098,000
466,024,000
713,394,000
814,067,000
661,426,000
419,445,000
total assets
1,778,875,000
1,789,921,000
1,771,476,000
1,760,642,000
1,727,757,000
1,701,069,000
493,506,000
476,098,000
466,024,000
713,394,000
814,067,000
902,757,000
1,121,647,000
Bank overdraft
78,549,000
91,853,000
105,503,000
70,000
51,000
Bank loan
48,080,000
68,655,000
107,154,000
114,335,000
Trade Creditors
163,556,000
Group/Directors Accounts
381,760,000
357,413,000
309,880,000
524,592,000
other short term finances
152,057,000
187,829,000
333,487,000
391,211,000
47,707,000
hp & lease commitments
7,000
other current liabilities
125,000
72,000
234,000
144,000
154,000
201,000
269,000
327,000
438,000
779,000
4,893,000
125,737,000
total current liabilities
48,205,000
68,727,000
78,783,000
91,997,000
105,657,000
489,115,000
472,017,000
462,264,000
712,859,000
334,336,000
396,155,000
337,007,000
loans
1,769,541,000
1,730,844,000
1,694,120,000
1,671,542,000
1,626,122,000
1,587,358,000
479,785,000
555,785,000
395,479,000
hp & lease commitments
2,951,000
Accruals and Deferred Income
other liabilities
205,168,000
provisions
252,538,000
total long term liabilities
1,769,541,000
1,730,844,000
1,694,120,000
1,671,542,000
1,626,122,000
1,587,358,000
479,785,000
555,785,000
723,965,000
total liabilities
1,769,541,000
1,779,049,000
1,762,847,000
1,750,325,000
1,718,119,000
1,693,015,000
489,115,000
472,017,000
462,264,000
712,859,000
814,121,000
951,940,000
1,060,972,000
net assets
9,334,000
10,872,000
8,629,000
10,317,000
9,638,000
8,054,000
4,391,000
4,081,000
3,760,000
535,000
-54,000
-49,183,000
60,111,000
total shareholders funds
9,334,000
10,872,000
8,629,000
10,317,000
9,638,000
8,054,000
4,391,000
4,081,000
3,760,000
535,000
-54,000
-49,183,000
60,111,000
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
109,350,561
110,790,370
116,830,893
117,831,720
112,797,768
-7,000
7,585,893
9,064,069
15,234,607
33,313,058
37,084,000
Depreciation
18,825,000
Amortisation
21,257,000
Tax
361,000
-526,000
396,000
-159,000
-378,000
-916,000
-79,000
-88,000
-977,000
-191,000
3,656,000
5,956,000
-1,762,000
Stock
-87,917,000
87,917,000
Debtors
-10,276,000
18,070,000
20,794,000
26,510,000
22,705,000
1,207,563,000
17,408,000
10,074,000
-247,370,000
-100,673,000
152,655,000
394,854,000
266,558,000
Creditors
-163,556,000
163,556,000
Accruals and Deferred Income
-125,000
53,000
-162,000
90,000
-10,000
-47,000
-68,000
-58,000
-111,000
-341,000
-4,114,000
-120,844,000
125,737,000
Deferred Taxes & Provisions
-252,538,000
252,538,000
Cash flow from operations
119,862,561
92,247,370
96,270,893
91,252,720
89,704,768
-1,208,533,000
-9,969,107
-1,155,931
261,516,607
133,454,058
-153,113,000
-837,919,000
262,760,000
Investing Activities
capital expenditure
702,202,000
-742,284,000
Change in Investments
-241,331,000
207,154,000
34,177,000
cash flow from investments
241,331,000
495,048,000
-776,461,000
Financing Activities
Bank loans
-48,080,000
-20,575,000
68,655,000
-107,154,000
-7,181,000
114,335,000
Group/Directors Accounts
-381,760,000
24,347,000
47,533,000
-214,712,000
524,592,000
Other Short Term Loans
-152,057,000
-35,772,000
-145,658,000
-57,724,000
343,504,000
47,707,000
Long term loans
38,697,000
36,724,000
22,578,000
45,420,000
38,764,000
1,587,358,000
-479,785,000
-76,000,000
160,306,000
395,479,000
Hire Purchase and Lease Commitments
-2,958,000
2,958,000
other long term liabilities
-205,168,000
205,168,000
share issue
50,000,000
-88,392,000
82,827,000
interest
611,000
152,000
-32,538,058
-13,800,000
-26,858,000
-69,038,000
cash flow from financing
-9,383,000
16,149,000
91,233,000
45,420,000
38,764,000
1,099,055,000
17,318,000
9,811,000
-250,484,000
-133,389,058
-97,524,000
180,434,000
665,101,000
cash and cash equivalents
cash
-770,000
375,000
-9,960,000
6,375,000
3,983,000
-14,000
-64,601,000
64,615,000
overdraft
-78,549,000
-13,304,000
-13,650,000
105,503,000
-70,000
19,000
51,000
change in cash
-770,000
375,000
68,589,000
19,679,000
17,633,000
-105,503,000
70,000
-33,000
-64,652,000
64,615,000
heating finance 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 heating finance limited. Get real-time insights into heating finance limited's credit score, group structure and payment trends.
Perform a competitor analysis for heating finance limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in CV34 area or any other competitors across 12 key performance metrics.
heating finance limited Ownership
HEATING FINANCE LIMITED group structure
Heating Finance Limited has no subsidiary companies.
brooks house coventry road, warwick, warwickshire, CV34 4LL
Bank
-
Legal Advisor
-
heating finance 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 4 charges/mortgages relating to heating finance limited. Currently there are 0 open charges and 4 have been satisfied in the past.
heating finance 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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heating finance limitedCompanies House Filings - See Documents
