Green Source Heat Ltd.

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green source heat ltd. Company Information

Live

EstablishedMicroHigh

Company Number

07791503

Website

www.greensourceheat.com

Registered Address

3 king edward avenue, glossop, derbyshire, SK13 7QZ

Industry

Other construction installation

Plumbing, heat and air-conditioning installation

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Telephone

Next Accounts Due

September 2024

Group Structure

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Directors

Andrew Smith12 Years

William Meadowcroft12 Years

Shareholders

william meadowcroft 50%

andrew smith 50%

green source heat ltd. Estimated Valuation

£45.8k

Pomanda estimates the enterprise value of GREEN SOURCE HEAT LTD. at £45.8k based on an EBITDA of £11.6k and a 3.94x industry multiple (adjusted for size and gross margin).

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Green Source Heat Ltd. is a live company located in derbyshire, SK13 7QZ with a Companies House number of 07791503. It operates in the electrical installation sector, SIC Code 43210. Founded in September 2011, it's largest shareholder is william meadowcroft with a 50% stake. Green Source Heat Ltd. is a established, micro sized company, Pomanda has estimated its turnover at £86.3k with high growth in recent years.

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Pomanda's financial health check has awarded Green Source Heat Ltd. a 2.5 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 Rating2.5out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £86.3k, make it smaller than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (3.4%)

EXPORT

Green Source Heat Ltd.'s latest turnover from December 2022 is estimated at £86.3 thousand and the company has net assets of -£3.1 thousand. According to their latest financial statements, we estimate that Green Source Heat Ltd. has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
Turnover	86,346	45,344	76,814	52,543	45,299	75,557	24,070	51,397	49,496	33,590	10,003
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	72,003	38,153	63,565	43,173	37,142	61,658	19,560	41,931	40,471	27,441	8,049
Gross Profit	14,343	7,191	13,249	9,370	8,157	13,899	4,510	9,466	9,025	6,149	1,953
Admin Expenses	2,708	2,554	13,582	11,805	11,338	14,544	4,953	9,016	13,998	10,473	2,277
Operating Profit	11,635	4,637	-333	-2,435	-3,181	-645	-443	450	-4,973	-4,324	-324
Interest Payable	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	2	1	4	4
Pre-Tax Profit	11,635	4,637	-333	-2,435	-3,181	-645	-443	451	-4,972	-4,320	-320
Tax	-2,211	-881	0	0	0	0	0	-90	0	0	0
Profit After Tax	9,424	3,756	-333	-2,435	-3,181	-645	-443	361	-4,972	-4,320	-320
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	9,424	3,756	-333	-2,435	-3,181	-645	-443	361	-4,972	-4,320	-320
Employee Costs	39,197	38,974	38,438	39,594	39,392	36,403	37,661	37,919	37,178	36,467	35,315
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1
EBITDA*	11,635	4,637	-333	-2,435	-3,181	-645	-443	1,541	-3,520	-2,386	100

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
Tangible Assets	2,918	1,820	2,336	2,216	2,484	1,839	2,455	3,272	4,363	5,816	1,002
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	2,918	1,820	2,336	2,216	2,484	1,839	2,455	3,272	4,363	5,816	1,002
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	20,716	8,177	13,734	5,557	5,429	14,010	1,243	7,715	0	4,422	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	123	499	15	1,705
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	20,716	8,177	13,734	5,557	5,429	14,010	1,243	7,838	499	4,437	1,705
total assets	23,634	9,997	16,070	7,773	7,913	15,849	3,698	11,110	4,862	10,253	2,707
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	22,642	17,229	26,358	23,728	21,433	26,188	13,392	20,261	14,374	14,793	2,927
Group/Directors Accounts	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
hp & lease commitments	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
total current liabilities	22,642	17,229	26,358	23,728	21,433	26,188	13,392	20,261	14,374	14,793	2,927
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	4,100	5,300	6,000	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	4,100	5,300	6,000	0	0	0	0	0	0	0	0
total liabilities	26,742	22,529	32,358	23,728	21,433	26,188	13,392	20,261	14,374	14,793	2,927
net assets	-3,108	-12,532	-16,288	-15,955	-13,520	-10,339	-9,694	-9,151	-9,512	-4,540	-220
total shareholders funds	-3,108	-12,532	-16,288	-15,955	-13,520	-10,339	-9,694	-9,151	-9,512	-4,540	-220

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
Operating Activities
Operating Profit	11,635	4,637	-333	-2,435	-3,181	-645	-443	450	-4,973	-4,324	-324
Depreciation	0	0	0	0	0	0	0	1,091	1,453	1,938	424
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,211	-881	0	0	0	0	0	-90	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0
Debtors	12,539	-5,557	8,177	128	-8,581	12,767	-6,472	7,715	-4,422	4,422	0
Creditors	5,413	-9,129	2,630	2,295	-4,755	12,796	-6,869	5,887	-419	11,866	2,927
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	2,298	184	-5,880	-268	645	-616	-840	-377	483	5,058	3,027
Investing Activities
capital expenditure	-1,098	516	-120	268	-645	616	817	0	0	-6,752	-1,426
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,098	516	-120	268	-645	616	817	0	0	-6,752	-1,426
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-1,200	-700	6,000	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-100	0	0	0	100
interest	0	0	0	0	0	0	0	2	1	4	4
cash flow from financing	-1,200	-700	6,000	0	0	0	-100	2	1	4	104
cash and cash equivalents
cash	0	0	0	0	0	0	-123	-376	484	-1,690	1,705
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-123	-376	484	-1,690	1,705

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GREEN SOURCE HEAT LTD. group structure

Green Source Heat Ltd. has no subsidiary companies.

Ultimate parent company

GREEN SOURCE HEAT LTD.

07791503

GREEN SOURCE HEAT LTD. Shareholders

william meadowcroft	50%
andrew smith	50%

Green Source Heat Ltd. currently has 2 directors. The longest serving directors include Mr Andrew Smith (Sep 2011) and Mr William Meadowcroft (Sep 2011).

officer	country	age	start	end	role
Mr Andrew Smith	England	64 years	Sep 2011	-	Director
Mr William Meadowcroft	United Kingdom	59 years	Sep 2011	-	Director

P&L

December 2022

turnover

86.3k

+90%

operating profit

11.6k

gross margin

16.7%

+4.74%

turnover

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

Balance Sheet

December 2022

net assets

-3.1k

-0.75%

total assets

23.6k

+1.36%

cash

net assets

Total assets minus all liabilities

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company number

07791503

Type

Private limited with Share Capital

industry

43210 - Electrical installation

43290 - Other construction installation

43220 - Plumbing, heat and air-conditioning installation

incorporation date

September 2011

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

December 2022

address

3 king edward avenue, glossop, derbyshire, SK13 7QZ

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 green source heat ltd..

green source heat ltd. Company Information

green source heat ltd. Estimated Valuation

green source heat ltd. Estimated Valuation

green source heat ltd. Estimated Valuation

Green Source Heat Ltd. Overview

Green Source Heat Ltd. Health Check

GREEN SOURCE HEAT LTD. financials

green source heat ltd. Credit Report and Business Information

Green Source Heat Ltd. Competitor Analysis

green source heat ltd. Ownership

green source heat ltd. directors

green source heat ltd. company details

green source heat ltd. Charges & Mortgages

green source heat ltd. Companies House Filings - See Documents