M R K Heating & Plumbing Supplies Ltd

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m r k heating & plumbing supplies ltd Company Information

Live

EstablishedSmallHealthy

Company Number

07610054

Website

Registered Address

1a fairfield avenue, south oxhey, watford, WD19 7ER

Industry

Wholesale of hardware, plumbing and heating equipment and supplies

Retail sale of hardware, paints and glass in specialised stores

Telephone

02084211969

Next Accounts Due

January 2025

Group Structure

View All

Directors

Dhirenkumar Pancholy13 Years

Shareholders

dhirenkumar khimsonkar pancholy 100%

m r k heating & plumbing supplies ltd Estimated Valuation

£184.9k

Pomanda estimates the enterprise value of M R K HEATING & PLUMBING SUPPLIES LTD at £184.9k based on a Turnover of £532k and 0.35x industry multiple (adjusted for size and gross margin).

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M R K Heating & Plumbing Supplies Ltd is a live company located in watford, WD19 7ER with a Companies House number of 07610054. It operates in the wholesale of hardware, plumbing and heating equipment and supplies sector, SIC Code 46740. Founded in April 2011, it's largest shareholder is dhirenkumar khimsonkar pancholy with a 100% stake. M R K Heating & Plumbing Supplies Ltd is a established, small sized company, Pomanda has estimated its turnover at £532k with healthy growth in recent years.

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Pomanda's financial health check has awarded M R K Heating & Plumbing Supplies Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

3 Regular

6 Weak

Size

annual sales of £532k, make it smaller than the average company (£14.8m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (6.3%)

EXPORT

M R K Heating & Plumbing Supplies Ltd's latest turnover from April 2023 is estimated at £532 thousand and the company has net assets of £65.3 thousand. According to their latest financial statements, M R K Heating & Plumbing Supplies Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012
Turnover	531,992	528,755	521,512	447,134	442,110	379,893	499,825	196,006	290,184	381,267	315,906	352,184
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	405,857	406,907	400,703	344,526	337,857	283,724	372,911	146,414	216,028	283,857	231,978	259,740
Gross Profit	126,135	121,849	120,809	102,608	104,253	96,169	126,914	49,592	74,156	97,411	83,928	92,444
Admin Expenses	146,316	117,579	118,162	102,585	74,530	73,265	81,339	50,344	75,094	96,760	83,133	92,237
Operating Profit	-20,181	4,270	2,647	23	29,723	22,904	45,575	-752	-938	651	795	207
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	12	248	310	149	72	10
Pre-Tax Profit	-20,181	4,270	2,647	23	29,723	22,904	45,588	-504	-628	800	866	217
Tax	0	-811	-503	-4	-5,647	-4,352	-8,662	0	0	-168	-199	-52
Profit After Tax	-20,181	3,459	2,144	19	24,076	18,552	36,926	-504	-628	632	667	165
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-20,181	3,459	2,144	19	24,076	18,552	36,926	-504	-628	632	667	165
Employee Costs	68,046	64,535	59,229	58,197	57,523	55,748	78,742	26,358	51,856	49,943	49,091	47,247
Number Of Employees	2	2	2	2	2	2	3	1	2	2	2	2
EBITDA*	-20,181	4,270	2,647	23	29,723	22,904	45,575	6,122	10,397	7,979	8,420	8,189

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012
Tangible Assets	48,329	78,800	60,745	67,039	73,427	79,923	86,114	5,817	6,891	8,171	9,699	11,495
Intangible Assets	0	0	0	0	0	0	0	87,000	92,800	98,600	104,400	110,200
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	48,329	78,800	60,745	67,039	73,427	79,923	86,114	92,817	99,691	106,771	114,099	121,695
Stock & work in progress	0	0	0	0	0	0	0	26,215	28,848	71,985	104,358	141,297
Trade Debtors	138,621	138,516	161,777	119,718	98,139	80,152	82,577	8,792	8,510	31,329	6,328	6,233
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	9,904	89,269	34,754	24,722	3,966
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	138,621	138,516	161,777	119,718	98,139	80,152	82,577	44,911	126,627	138,068	135,408	151,496
total assets	186,950	217,316	222,522	186,757	171,566	160,075	168,691	137,728	226,318	244,839	249,507	273,191
Bank overdraft	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
Trade Creditors	87,991	88,139	80,935	100,977	83,805	97,015	127,433	137,394	225,480	243,373	248,673	273,024
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	87,991	88,139	80,935	100,977	83,805	97,015	127,433	137,394	225,480	243,373	248,673	273,024
loans	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
Accruals and Deferred Income	2,000	2,000	9,538	5,875	7,875	7,250	4,000	0	0	0	0	0
other liabilities	31,632	41,669	50,000	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	33,632	43,669	59,538	5,875	7,875	7,250	4,000	0	0	0	0	0
total liabilities	121,623	131,808	140,473	106,852	91,680	104,265	131,433	137,394	225,480	243,373	248,673	273,024
net assets	65,327	85,508	82,049	79,905	79,886	55,810	37,258	334	838	1,466	834	167
total shareholders funds	65,327	85,508	82,049	79,905	79,886	55,810	37,258	334	838	1,466	834	167

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012
Operating Activities
Operating Profit	-20,181	4,270	2,647	23	29,723	22,904	45,575	-752	-938	651	795	207
Depreciation	0	0	0	0	0	0	0	1,074	5,535	1,528	1,825	2,182
Amortisation	0	0	0	0	0	0	0	5,800	5,800	5,800	5,800	5,800
Tax	0	-811	-503	-4	-5,647	-4,352	-8,662	0	0	-168	-199	-52
Stock	0	0	0	0	0	0	-26,215	-2,633	-43,137	-32,373	-36,939	141,297
Debtors	105	-23,261	42,059	21,579	17,987	-2,425	73,785	282	-22,819	25,001	95	6,233
Creditors	-148	7,204	-20,042	17,172	-13,210	-30,418	-9,961	-88,086	-17,893	-5,300	-24,351	273,024
Accruals and Deferred Income	0	-7,538	3,663	-2,000	625	3,250	4,000	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-20,434	26,386	-56,294	-6,388	-6,496	-6,191	-16,618	-79,613	58,460	9,883	20,714	133,631
Investing Activities
capital expenditure	30,471	-18,055	6,294	6,388	6,496	6,191	6,703	0	-4,255	0	-29	-129,677
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	30,471	-18,055	6,294	6,388	6,496	6,191	6,703	0	-4,255	0	-29	-129,677
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-10,037	-8,331	50,000	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-2	0	0	0	0	2
interest	0	0	0	0	0	0	12	248	310	149	72	10
cash flow from financing	-10,037	-8,331	50,000	0	0	0	10	248	310	149	72	12
cash and cash equivalents
cash	0	0	0	0	0	0	-9,904	-79,365	54,515	10,032	20,756	3,966
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-9,904	-79,365	54,515	10,032	20,756	3,966

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 m r k heating & plumbing supplies ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in WD19 area or any other competitors across 12 key performance metrics.

M R K HEATING & PLUMBING SUPPLIES LTD group structure

M R K Heating & Plumbing Supplies Ltd has no subsidiary companies.

Ultimate parent company

M R K HEATING & PLUMBING SUPPLIES LTD

07610054

M R K HEATING & PLUMBING SUPPLIES LTD Shareholders

dhirenkumar khimsonkar pancholy

100%

M R K Heating & Plumbing Supplies Ltd currently has 1 director, Mr Dhirenkumar Pancholy serving since Apr 2011.

officer	country	age	start	end	role
Mr Dhirenkumar Pancholy	United Kingdom	65 years	Apr 2011	-	Director

P&L

April 2023

turnover

532k

+1%

operating profit

-20.2k

gross margin

23.8%

+2.89%

turnover

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

Balance Sheet

April 2023

net assets

65.3k

-0.24%

total assets

187k

-0.14%

cash

net assets

Total assets minus all liabilities

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company number

07610054

Type

Private limited with Share Capital

industry

46740 - Wholesale of hardware, plumbing and heating equipment and supplies

47520 - Retail sale of hardware, paints and glass in specialised stores

incorporation date

April 2011

ultimate parent company

None

previous names

N/A

address

1a fairfield avenue, south oxhey, watford, WD19 7ER

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 did not find charges/mortgages relating to m r k heating & plumbing supplies ltd.

m r k heating & plumbing supplies ltd Company Information

m r k heating & plumbing supplies ltd Estimated Valuation

m r k heating & plumbing supplies ltd Estimated Valuation

m r k heating & plumbing supplies ltd Estimated Valuation

M R K Heating & Plumbing Supplies Ltd Overview

M R K Heating & Plumbing Supplies Ltd Health Check

M R K HEATING & PLUMBING SUPPLIES LTD financials

m r k heating & plumbing supplies ltd Credit Report and Business Information

M R K Heating & Plumbing Supplies Ltd Competitor Analysis

m r k heating & plumbing supplies ltd Ownership

m r k heating & plumbing supplies ltd directors

m r k heating & plumbing supplies ltd company details

m r k heating & plumbing supplies ltd Charges & Mortgages

m r k heating & plumbing supplies ltd Companies House Filings - See Documents