heatco electrical limited
heatco electrical limited Company Information
Company Number
09226432
Registered Address
1-4 little lane short heath, willenhall, west midlands, WV12 5PU
Industry
Electrical installation
Telephone
01922417434
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
hcml limited 75%
john michael shakespeare 25%
heatco electrical limited Estimated Valuation
Pomanda estimates the enterprise value of HEATCO ELECTRICAL LIMITED at £107.5k based on a Turnover of £252.1k and 0.43x industry multiple (adjusted for size and gross margin).
heatco electrical limited Estimated Valuation
Pomanda estimates the enterprise value of HEATCO ELECTRICAL LIMITED at £0 based on an EBITDA of £-4.2k and a 4.41x industry multiple (adjusted for size and gross margin).
heatco electrical limited Estimated Valuation
Pomanda estimates the enterprise value of HEATCO ELECTRICAL LIMITED at £0 based on Net Assets of £-29.9k and 3.05x industry multiple (adjusted for liquidity).
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Heatco Electrical Limited Overview
Heatco Electrical Limited is a live company located in west midlands, WV12 5PU with a Companies House number of 09226432. It operates in the electrical installation sector, SIC Code 43210. Founded in September 2014, it's largest shareholder is hcml limited with a 75% stake. Heatco Electrical Limited is a established, micro sized company, Pomanda has estimated its turnover at £252.1k with declining growth in recent years.
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Heatco Electrical Limited Health Check
Pomanda's financial health check has awarded Heatco Electrical Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £252.1k, make it smaller than the average company (£1.9m)
- Heatco Electrical Limited
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (9.3%)
- Heatco Electrical Limited
9.3% - Industry AVG
Production
with a gross margin of 16.2%, this company has a higher cost of product (24.8%)
- Heatco Electrical Limited
24.8% - Industry AVG
Profitability
an operating margin of -1.7% make it less profitable than the average company (6.3%)
- Heatco Electrical Limited
6.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (19)
2 - Heatco Electrical Limited
19 - Industry AVG
Pay Structure
on an average salary of £43.8k, the company has an equivalent pay structure (£43.8k)
- Heatco Electrical Limited
£43.8k - Industry AVG
Efficiency
resulting in sales per employee of £126.1k, this is equally as efficient (£144.6k)
- Heatco Electrical Limited
£144.6k - Industry AVG
Debtor Days
it gets paid by customers after 87 days, this is later than average (56 days)
- Heatco Electrical Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 134 days, this is slower than average (42 days)
- Heatco Electrical Limited
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Heatco Electrical Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Heatco Electrical Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 147.7%, this is a higher level of debt than the average (61.5%)
147.7% - Heatco Electrical Limited
61.5% - Industry AVG
HEATCO ELECTRICAL LIMITED financials
Heatco Electrical Limited's latest turnover from December 2023 is estimated at £252.1 thousand and the company has net assets of -£29.9 thousand. According to their latest financial statements, Heatco Electrical Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 3 | 3 | 2 | 2 | 2 | 1 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,265 | 3,062 | 4,083 | 5,443 | 7,257 | 9,677 | 12,902 | 230 | 307 |
| 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 | 2,265 | 3,062 | 4,083 | 5,443 | 7,257 | 9,677 | 12,902 | 230 | 307 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 60,466 | 90,482 | 71,735 | 91,535 | 32,908 | 32,529 | 60,712 | 56,863 | 12,446 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,044 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 60,466 | 90,482 | 71,735 | 91,535 | 32,908 | 32,529 | 60,712 | 56,863 | 16,490 |
| total assets | 62,731 | 93,544 | 75,818 | 96,978 | 40,165 | 42,206 | 73,614 | 57,093 | 16,797 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 77,641 | 94,242 | 56,896 | 96,051 | 101,241 | 88,023 | 104,476 | 94,857 | 20,712 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 77,641 | 94,242 | 56,896 | 96,051 | 101,241 | 88,023 | 104,476 | 94,857 | 20,712 |
| loans | 0 | 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 | 15,000 | 25,000 | 35,000 | 50,000 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 61 |
| total long term liabilities | 15,000 | 25,000 | 35,000 | 50,000 | 0 | 0 | 0 | 0 | 61 |
| total liabilities | 92,641 | 119,242 | 91,896 | 146,051 | 101,241 | 88,023 | 104,476 | 94,857 | 20,773 |
| net assets | -29,910 | -25,698 | -16,078 | -49,073 | -61,076 | -45,817 | -30,862 | -37,764 | -3,976 |
| total shareholders funds | -29,910 | -25,698 | -16,078 | -49,073 | -61,076 | -45,817 | -30,862 | -37,764 | -3,976 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 102 | ||||||||
| Amortisation | 0 | ||||||||
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -30,016 | 18,747 | -19,800 | 58,627 | 379 | -28,183 | 3,849 | 44,417 | 12,446 |
| Creditors | -16,601 | 37,346 | -39,155 | -5,190 | 13,218 | -16,453 | 9,619 | 74,145 | 20,712 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -61 | 61 |
| 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 | 0 | 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 | -10,000 | -10,000 | -15,000 | 50,000 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,044 | 4,044 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,044 | 4,044 |
heatco electrical limited Credit Report and Business Information
Heatco Electrical Limited Competitor Analysis
Perform a competitor analysis for heatco electrical limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in WV12 area or any other competitors across 12 key performance metrics.
heatco electrical limited Ownership
HEATCO ELECTRICAL LIMITED group structure
Heatco Electrical Limited has no subsidiary companies.
Ultimate parent company
HEATCO ELECTRICAL LIMITED
09226432
heatco electrical limited directors
Heatco Electrical Limited currently has 3 directors. The longest serving directors include Mr Andrew Gough (Sep 2014) and Mr John Shakespeare (Sep 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Gough | England | 59 years | Sep 2014 | - | Director |
| Mr John Shakespeare | England | 38 years | Sep 2014 | - | Director |
| Mr Scott Broome | England | 46 years | Sep 2014 | - | Director |
P&L
December 2023turnover
252.1k
-24%
operating profit
-4.2k
0%
gross margin
16.3%
-0.1%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-29.9k
+0.16%
total assets
62.7k
-0.33%
cash
0
0%
net assets
Total assets minus all liabilities
heatco electrical limited company details
company number
09226432
Type
Private limited with Share Capital
industry
43210 - Electrical installation
incorporation date
September 2014
age
10
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
December 2023
address
1-4 little lane short heath, willenhall, west midlands, WV12 5PU
accountant
INSPIRED ACCOUNTANTS LIMITED
auditor
-
heatco electrical 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 did not find charges/mortgages relating to heatco electrical limited.
heatco electrical limited Companies House Filings - See Documents
| date | description | view/download |
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