heatwave plumbing limited
heatwave plumbing limited Company Information
Company Number
07708851
Next Accounts
1006 days late
Directors
Shareholders
oliver eamon macey
leanne macey
Group Structure
View All
Industry
Plumbing, heat and air-conditioning installation
Registered Address
suite 2, the brentano suite, solar house, london, N12 8QJ
Website
www.heatwaveplumbing.co.ukheatwave plumbing limited Estimated Valuation
Pomanda estimates the enterprise value of HEATWAVE PLUMBING LIMITED at £2.2m based on a Turnover of £3.6m and 0.6x industry multiple (adjusted for size and gross margin).
heatwave plumbing limited Estimated Valuation
Pomanda estimates the enterprise value of HEATWAVE PLUMBING LIMITED at £466.5k based on an EBITDA of £96.7k and a 4.83x industry multiple (adjusted for size and gross margin).
heatwave plumbing limited Estimated Valuation
Pomanda estimates the enterprise value of HEATWAVE PLUMBING LIMITED at £657.8k based on Net Assets of £227.7k and 2.89x industry multiple (adjusted for liquidity).
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Heatwave Plumbing Limited Overview
Heatwave Plumbing Limited is a live company located in london, N12 8QJ with a Companies House number of 07708851. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in July 2011, it's largest shareholder is oliver eamon macey with a 95% stake. Heatwave Plumbing Limited is a established, small sized company, Pomanda has estimated its turnover at £3.6m with healthy growth in recent years.
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Heatwave Plumbing Limited Health Check
Pomanda's financial health check has awarded Heatwave Plumbing Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £3.6m, make it larger than the average company (£285.6k)
- Heatwave Plumbing Limited
£285.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (3.4%)
- Heatwave Plumbing Limited
3.4% - Industry AVG
Production
with a gross margin of 30.8%, this company has a comparable cost of product (30.8%)
- Heatwave Plumbing Limited
30.8% - Industry AVG
Profitability
an operating margin of 2.6% make it less profitable than the average company (6.4%)
- Heatwave Plumbing Limited
6.4% - Industry AVG
Employees
with 10 employees, this is above the industry average (4)
10 - Heatwave Plumbing Limited
4 - Industry AVG
Pay Structure
on an average salary of £33.2k, the company has an equivalent pay structure (£33.2k)
- Heatwave Plumbing Limited
£33.2k - Industry AVG
Efficiency
resulting in sales per employee of £359.4k, this is more efficient (£106k)
- Heatwave Plumbing Limited
£106k - Industry AVG
Debtor Days
it gets paid by customers after 77 days, this is later than average (47 days)
- Heatwave Plumbing Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is quicker than average (46 days)
- Heatwave Plumbing Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 36 days, this is more than average (8 days)
- Heatwave Plumbing Limited
8 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (22 weeks)
1 weeks - Heatwave Plumbing Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 79.5%, this is a higher level of debt than the average (66.4%)
79.5% - Heatwave Plumbing Limited
66.4% - Industry AVG
HEATWAVE PLUMBING LIMITED financials
Heatwave Plumbing Limited's latest turnover from July 2020 is estimated at £3.6 million and the company has net assets of £227.7 thousand. According to their latest financial statements, Heatwave Plumbing Limited has 10 employees and maintains cash reserves of £11.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 10 | 10 | 8 | 11 | 10 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 24,700 | 1,687 | 726 | 1,601 | 1,644 | 2,905 | 10,283 | 7,530 | 594 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 24,700 | 1,687 | 726 | 1,601 | 1,644 | 2,905 | 10,283 | 7,530 | 594 |
| Stock & work in progress | 250,000 | 173,790 | 121,250 | 132,116 | 95,000 | 85,000 | 36,500 | 12,500 | 19,750 |
| Trade Debtors | 760,930 | 672,777 | 557,108 | 475,384 | 319,514 | 400,521 | 258,601 | 112,773 | 49,692 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 64,365 | 69,515 | 38,528 | 35,582 | 25,503 | 0 | 0 | 0 | 0 |
| Cash | 11,902 | 54,976 | 19,378 | 0 | 55,388 | 0 | 441 | 0 | 15,698 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,087,197 | 971,058 | 736,264 | 643,082 | 495,405 | 485,521 | 295,542 | 125,273 | 85,140 |
| total assets | 1,111,897 | 972,745 | 736,990 | 644,683 | 497,049 | 488,426 | 305,825 | 132,803 | 85,734 |
| Bank overdraft | 126,010 | 298,732 | 93,899 | 66,890 | 84,599 | 105,949 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 227,909 | 393,487 | 433,693 | 448,686 | 292,589 | 391,916 | 241,760 | 104,752 | 70,826 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 161,200 | 108,387 | 98,571 | 99,545 | 114,389 | 0 | 0 | 0 | 0 |
| total current liabilities | 515,119 | 800,606 | 626,163 | 615,121 | 491,577 | 497,865 | 241,760 | 104,752 | 70,826 |
| loans | 347,917 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 16,493 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 4,693 | 287 | 138 | 304 | 312 | 581 | 2,057 | 1,506 | 119 |
| total long term liabilities | 369,103 | 287 | 138 | 304 | 312 | 581 | 2,057 | 1,506 | 119 |
| total liabilities | 884,222 | 800,893 | 626,301 | 615,425 | 491,889 | 498,446 | 243,817 | 106,258 | 70,945 |
| net assets | 227,675 | 171,852 | 110,689 | 29,258 | 5,160 | -10,020 | 62,008 | 26,545 | 14,789 |
| total shareholders funds | 227,675 | 171,852 | 110,689 | 29,258 | 5,160 | -10,020 | 62,008 | 26,545 | 14,789 |
| Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 4,201 | 819 | 875 | 2,014 | 1,261 | 2,402 | 3,933 | 2,713 | 233 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 76,210 | 52,540 | -10,866 | 37,116 | 10,000 | 48,500 | 24,000 | -7,250 | 19,750 |
| Debtors | 83,003 | 146,656 | 84,670 | 165,949 | -55,504 | 141,920 | 145,828 | 63,081 | 49,692 |
| Creditors | -165,578 | -40,206 | -14,993 | 156,097 | -99,327 | 150,156 | 137,008 | 33,926 | 70,826 |
| Accruals and Deferred Income | 52,813 | 9,816 | -974 | -14,844 | 114,389 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 4,406 | 149 | -166 | -8 | -269 | -1,476 | 551 | 1,387 | 119 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 347,917 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 16,493 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -43,074 | 35,598 | 19,378 | -55,388 | 55,388 | -441 | 441 | -15,698 | 15,698 |
| overdraft | -172,722 | 204,833 | 27,009 | -17,709 | -21,350 | 105,949 | 0 | 0 | 0 |
| change in cash | 129,648 | -169,235 | -7,631 | -37,679 | 76,738 | -106,390 | 441 | -15,698 | 15,698 |
heatwave plumbing limited Credit Report and Business Information
Heatwave Plumbing Limited Competitor Analysis
Perform a competitor analysis for heatwave plumbing limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in N12 area or any other competitors across 12 key performance metrics.
heatwave plumbing limited Ownership
HEATWAVE PLUMBING LIMITED group structure
Heatwave Plumbing Limited has no subsidiary companies.
Ultimate parent company
HEATWAVE PLUMBING LIMITED
07708851
heatwave plumbing limited directors
Heatwave Plumbing Limited currently has 1 director, Mr Oliver Macey serving since Nov 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Oliver Macey | 37 years | Nov 2013 | - | Director |
P&L
July 2020turnover
3.6m
+15%
operating profit
92.4k
0%
gross margin
30.9%
-10.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2020net assets
227.7k
+0.32%
total assets
1.1m
+0.14%
cash
11.9k
-0.78%
net assets
Total assets minus all liabilities
heatwave plumbing limited company details
company number
07708851
Type
Private limited with Share Capital
industry
43220 - Plumbing, heat and air-conditioning installation
incorporation date
July 2011
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2020
previous names
N/A
accountant
STREETS
auditor
-
address
suite 2, the brentano suite, solar house, london, N12 8QJ
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
heatwave plumbing 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 1 charges/mortgages relating to heatwave plumbing limited. Currently there are 0 open charges and 1 have been satisfied in the past.
heatwave plumbing 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.
Click to start generating capital raising & share issue transactions for HEATWAVE PLUMBING LIMITED. This can take several minutes, an email will notify you when this has completed.
heatwave plumbing limited Companies House Filings - See Documents
| date | description | view/download |
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