Pomanda estimates the enterprise value of HEATCO LTD at £137.3k based on a Turnover of £256.4k and 0.54x industry multiple (adjusted for size and gross margin).
heatco ltdEstimated Valuation
£4.5k
Pomanda estimates the enterprise value of HEATCO LTD at £4.5k based on an EBITDA of £996 and a 4.53x industry multiple (adjusted for size and gross margin).
heatco ltdEstimated Valuation
£58.2k
Pomanda estimates the enterprise value of HEATCO LTD at £58.2k based on Net Assets of £20.6k and 2.83x industry multiple (adjusted for liquidity).
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Heatco LtdOverview
Heatco Ltd is a live company located in london, E4 9LD with a Companies House number of 08086870. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in May 2012, it's largest shareholder is
mohammed shafiq
with a 100% stake. Heatco Ltd is a established,
micro sized company, Pomanda has estimated its turnover at
£256.4k with
healthy
growth in recent years.
Pomanda's financial health check has awarded Heatco Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
3 Strong
5 Regular
4 Weak
Size
annual sales of £256.4k, make it in line with the average company (£287.4k)
£256.4k - Heatco Ltd
£287.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (12.2%)
11% - Heatco Ltd
12.2% - Industry AVG
Production
with a gross margin of 32.9%, this company has a comparable cost of product (32.9%)
32.9% - Heatco Ltd
32.9% - Industry AVG
Profitability
an operating margin of -0.4% make it less profitable than the average company (6.6%)
-0.4% - Heatco Ltd
6.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (3)
2 - Heatco Ltd
3 - Industry AVG
Pay Structure
on an average salary of £33.7k, the company has an equivalent pay structure (£33.7k)
£33.7k - Heatco Ltd
£33.7k - Industry AVG
Efficiency
resulting in sales per employee of £128.2k, this is equally as efficient (£113.5k)
£128.2k - Heatco Ltd
£113.5k - Industry AVG
Debtor Days
it gets paid by customers after 11 days, this is earlier than average (48 days)
11 days - Heatco Ltd
48 days - Industry AVG
Creditor Days
its suppliers are paid after 101 days, this is slower than average (46 days)
101 days - Heatco Ltd
46 days - Industry AVG
Stock Days
it holds stock equivalent to 105 days, this is more than average (11 days)
105 days - Heatco Ltd
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 37 weeks, this is more cash available to meet short term requirements (22 weeks)
37 weeks - Heatco Ltd
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.1%, this is a higher level of debt than the average (63.9%)
88.1% - Heatco Ltd
63.9% - Industry AVG
HEATCO LTD financials
EXPORT
Heatco Ltd's latest turnover from May 2024 is estimated at £256.4 thousand and the company has net assets of £20.6 thousand. According to their latest financial statements, Heatco Ltd has 2 employees and maintains cash reserves of £109.1 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
May 2024
May 2023
May 2022
May 2021
May 2020
May 2019
May 2018
May 2017
May 2016
May 2015
May 2014
May 2013
Turnover
256,447
107,040
138,015
186,719
168,769
56,226
41,994
19,849
32,598
72,817
63,238
40,956
Other Income Or Grants
Cost Of Sales
172,094
76,774
96,411
131,930
116,827
37,347
27,742
12,735
20,871
47,214
39,438
25,220
Gross Profit
84,353
30,266
41,605
54,789
51,942
18,879
14,252
7,114
11,727
25,603
23,800
15,736
Admin Expenses
85,309
23,153
37,406
48,824
55,324
18,598
5,598
586
11,251
27,525
22,895
20,217
Operating Profit
-956
7,113
4,199
5,965
-3,382
281
8,654
6,528
476
-1,922
905
-4,481
Interest Payable
1,525
1,525
190
182
Interest Receivable
4,996
2,462
462
84
80
435
281
97
91
49
45
21
Pre-Tax Profit
4,040
9,575
4,662
4,525
-4,827
716
8,746
6,443
568
-1,873
951
-4,460
Tax
-1,010
-2,394
-886
-860
-136
-1,662
-1,224
-113
-200
Profit After Tax
3,030
7,181
3,776
3,665
-4,827
580
7,084
5,219
454
-1,873
751
-4,460
Dividends Paid
Retained Profit
3,030
7,181
3,776
3,665
-4,827
580
7,084
5,219
454
-1,873
751
-4,460
Employee Costs
67,375
60,290
66,268
65,000
66,000
34,457
34,398
32,806
35,514
34,983
34,416
34,633
Number Of Employees
2
2
2
2
2
1
1
1
1
1
1
1
EBITDA*
997
7,384
4,496
6,361
-3,264
437
8,802
6,726
740
-1,571
1,374
-3,856
* Earnings Before Interest, Tax, Depreciation and Amortisation
May 2024
May 2023
May 2022
May 2021
May 2020
May 2019
May 2018
May 2017
May 2016
May 2015
May 2014
May 2013
Tangible Assets
5,859
812
893
1,190
351
469
445
593
791
1,055
1,406
1,875
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
5,859
812
893
1,190
351
469
445
593
791
1,055
1,406
1,875
Stock & work in progress
49,856
2,883
3,407
2,656
2,232
2,525
2,525
2,525
2,525
2,525
1,525
375
Trade Debtors
7,788
7,323
33,982
46,399
2,520
1,111
5,376
4,717
2,039
Group Debtors
Misc Debtors
10,000
10,000
10,000
10,000
Cash
109,131
81,195
28,222
64,254
104,673
54,502
61,433
51,066
26,845
9,690
9,804
8,255
misc current assets
total current assets
166,775
91,401
75,611
123,309
116,905
69,547
63,958
54,702
29,370
17,591
16,046
10,669
total assets
172,634
92,213
76,504
124,499
117,256
70,016
64,403
55,295
30,161
18,646
17,452
12,544
Bank overdraft
5,835
Bank loan
Trade Creditors
47,660
1,414
14,724
20,477
6,897
3,937
4,850
24,227
21,160
17,003
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
104,393
74,662
64,720
103,181
64,327
41,783
50,330
45,431
30,438
total current liabilities
152,053
74,662
66,134
117,905
64,327
62,260
57,227
55,203
35,288
24,227
21,160
17,003
loans
50,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
50,000
total liabilities
152,053
74,662
66,134
117,905
114,327
62,260
57,227
55,203
35,288
24,227
21,160
17,003
net assets
20,581
17,551
10,370
6,594
2,929
7,756
7,176
92
-5,127
-5,581
-3,708
-4,459
total shareholders funds
20,581
17,551
10,370
6,594
2,929
7,756
7,176
92
-5,127
-5,581
-3,708
-4,459
May 2024
May 2023
May 2022
May 2021
May 2020
May 2019
May 2018
May 2017
May 2016
May 2015
May 2014
May 2013
Operating Activities
Operating Profit
-956
7,113
4,199
5,965
-3,382
281
8,654
6,528
476
-1,922
905
-4,481
Depreciation
1,953
271
297
396
118
156
148
198
264
351
469
625
Amortisation
Tax
-1,010
-2,394
-886
-860
-136
-1,662
-1,224
-113
-200
Stock
46,973
-524
751
424
-293
1,000
1,150
375
Debtors
465
-36,659
-12,417
46,399
-2,520
12,520
-1,111
1,111
-5,376
659
2,678
2,039
Creditors
47,660
-1,414
-13,310
14,724
-20,477
13,580
2,960
-913
-19,377
3,067
4,157
17,003
Accruals and Deferred Income
29,731
9,942
-38,461
38,854
22,544
-8,547
4,899
14,993
30,438
Deferred Taxes & Provisions
Cash flow from operations
29,940
50,701
-36,495
12,256
1,616
-7,186
16,110
18,471
17,064
-163
1,503
10,733
Investing Activities
capital expenditure
-7,000
-190
-1,235
-180
-2,500
Change in Investments
cash flow from investments
-7,000
-190
-1,235
-180
-2,500
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-50,000
50,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue
1
interest
4,996
2,462
462
-1,441
-1,445
435
91
-85
91
49
45
21
cash flow from financing
4,996
2,462
462
-51,441
48,555
435
91
-85
91
49
45
22
cash and cash equivalents
cash
27,936
52,973
-36,032
-40,419
50,171
-6,931
10,367
24,221
17,155
-114
1,549
8,255
overdraft
-5,835
5,835
change in cash
27,936
52,973
-36,032
-40,419
50,171
-6,931
16,202
18,386
17,155
-114
1,549
8,255
heatco ltd 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 heatco ltd. Get real-time insights into heatco ltd's credit score, group structure and payment trends.
Perform a competitor analysis for heatco ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in E 4 area or any other competitors across 12 key performance metrics.
heatco ltd Ownership
HEATCO LTD group structure
Heatco Ltd has no subsidiary companies.
Ultimate parent company
HEATCO LTD
08086870
HEATCO LTD Shareholders
The sole shareholder of Heatco Ltd is Mohammed Shafiq.
mohammed shafiq
100%
heatco ltd directors
Heatco Ltd currently has 1 director, Mr Mohammed Shafiq serving since May 2012.
43220 - Plumbing, heat and air-conditioning installation
incorporation date
May 2012
age
13
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
May 2024
previous names
N/A
accountant
-
auditor
-
address
hamilton house 4a the avenue, highams park, london, E4 9LD
Bank
-
Legal Advisor
-
heatco ltd 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 did not find charges/mortgages relating to heatco ltd.
heatco ltd 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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