logic heating & pipework solutions ltd
logic heating & pipework solutions ltd Company Information
Group Structure
View All
Industry
Plumbing, heat and air-conditioning installation
Registered Address
15 blantyre road, swinton, manchester, M27 5ER
Website
-logic heating & pipework solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of LOGIC HEATING & PIPEWORK SOLUTIONS LTD at £377.5k based on a Turnover of £773.4k and 0.49x industry multiple (adjusted for size and gross margin).
logic heating & pipework solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of LOGIC HEATING & PIPEWORK SOLUTIONS LTD at £84.9k based on an EBITDA of £20.5k and a 4.13x industry multiple (adjusted for size and gross margin).
logic heating & pipework solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of LOGIC HEATING & PIPEWORK SOLUTIONS LTD at £8.9k based on Net Assets of £3.1k and 2.83x industry multiple (adjusted for liquidity).
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Logic Heating & Pipework Solutions Ltd Overview
Logic Heating & Pipework Solutions Ltd is a live company located in manchester, M27 5ER with a Companies House number of 09766435. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in September 2015, it's largest shareholder is nicholas candland with a 100% stake. Logic Heating & Pipework Solutions Ltd is a established, small sized company, Pomanda has estimated its turnover at £773.4k with healthy growth in recent years.
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Logic Heating & Pipework Solutions Ltd Health Check
Pomanda's financial health check has awarded Logic Heating & Pipework Solutions Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £773.4k, make it larger than the average company (£427.8k)
- Logic Heating & Pipework Solutions Ltd
£427.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (8%)
- Logic Heating & Pipework Solutions Ltd
8% - Industry AVG
Production
with a gross margin of 27.4%, this company has a comparable cost of product (27.4%)
- Logic Heating & Pipework Solutions Ltd
27.4% - Industry AVG
Profitability
an operating margin of -0.6% make it less profitable than the average company (5.6%)
- Logic Heating & Pipework Solutions Ltd
5.6% - Industry AVG
Employees
with 9 employees, this is above the industry average (4)
9 - Logic Heating & Pipework Solutions Ltd
4 - Industry AVG
Pay Structure
on an average salary of £33.4k, the company has an equivalent pay structure (£33.4k)
- Logic Heating & Pipework Solutions Ltd
£33.4k - Industry AVG
Efficiency
resulting in sales per employee of £85.9k, this is less efficient (£120.1k)
- Logic Heating & Pipework Solutions Ltd
£120.1k - Industry AVG
Debtor Days
it gets paid by customers after 21 days, this is earlier than average (55 days)
- Logic Heating & Pipework Solutions Ltd
55 days - Industry AVG
Creditor Days
its suppliers are paid after 89 days, this is slower than average (46 days)
- Logic Heating & Pipework Solutions Ltd
46 days - Industry AVG
Stock Days
it holds stock equivalent to 55 days, this is more than average (12 days)
- Logic Heating & Pipework Solutions Ltd
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (20 weeks)
0 weeks - Logic Heating & Pipework Solutions Ltd
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.8%, this is a higher level of debt than the average (61.8%)
98.8% - Logic Heating & Pipework Solutions Ltd
61.8% - Industry AVG
LOGIC HEATING & PIPEWORK SOLUTIONS LTD financials
Logic Heating & Pipework Solutions Ltd's latest turnover from September 2023 is estimated at £773.4 thousand and the company has net assets of £3.1 thousand. According to their latest financial statements, Logic Heating & Pipework Solutions Ltd has 9 employees and maintains cash reserves of £489 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 9 | 10 | 12 | 12 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 36,481 | 77,633 | 47,742 | 58,405 | 71,356 | 78,760 | 77,083 | 64,429 |
| Intangible Assets | ||||||||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 36,481 | 77,633 | 47,742 | 58,405 | 71,356 | 78,760 | 77,083 | 64,429 |
| Stock & work in progress | 85,000 | 85,000 | 60,000 | 48,000 | 10,900 | 10,600 | 14,100 | 18,850 |
| Trade Debtors | 46,318 | 29,299 | 89,677 | 30,084 | 119,218 | 32,182 | 46,828 | 61,180 |
| Group Debtors | ||||||||
| Misc Debtors | 89,979 | 94,907 | 80,966 | 81,093 | 3,630 | 7,806 | 2,281 | |
| Cash | 489 | 489 | 489 | 489 | 30,571 | 22,861 | 16,696 | 9,570 |
| misc current assets | ||||||||
| total current assets | 221,786 | 209,695 | 231,132 | 159,666 | 162,438 | 69,273 | 85,430 | 91,881 |
| total assets | 258,267 | 287,328 | 278,874 | 218,071 | 233,794 | 148,033 | 162,513 | 156,310 |
| Bank overdraft | 33,714 | 30,614 | 17,929 | 15,982 | ||||
| Bank loan | 10,649 | 10,649 | 9,989 | 4,166 | ||||
| Trade Creditors | 137,852 | 116,331 | 129,670 | 65,439 | 103,663 | 25,952 | 38,522 | 45,881 |
| Group/Directors Accounts | ||||||||
| other short term finances | 21,130 | |||||||
| hp & lease commitments | 2,867 | 14,898 | 9,942 | 9,942 | ||||
| other current liabilities | 31,894 | 12,012 | 44,778 | 42,976 | 77,923 | 112,079 | 103,404 | |
| total current liabilities | 216,976 | 205,634 | 212,308 | 138,505 | 182,202 | 103,875 | 150,601 | 149,285 |
| loans | 31,211 | 37,579 | 39,124 | 45,833 | ||||
| hp & lease commitments | 11,374 | 7,501 | 17,086 | |||||
| Accruals and Deferred Income | ||||||||
| other liabilities | ||||||||
| provisions | 6,931 | 14,750 | 9,071 | 11,097 | ||||
| total long term liabilities | 38,142 | 63,703 | 55,696 | 74,016 | ||||
| total liabilities | 255,118 | 269,337 | 268,004 | 212,521 | 182,202 | 103,875 | 150,601 | 149,285 |
| net assets | 3,149 | 17,991 | 10,870 | 5,550 | 51,592 | 44,158 | 11,912 | 7,025 |
| total shareholders funds | 3,149 | 17,991 | 10,870 | 5,550 | 51,592 | 44,158 | 11,912 | 7,025 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 25,538 | 12,739 | 10,663 | 13,367 | 14,106 | 15,769 | 15,966 | 14,512 |
| Amortisation | ||||||||
| Tax | ||||||||
| Stock | 25,000 | 12,000 | 37,100 | 300 | -3,500 | -4,750 | 18,850 | |
| Debtors | 12,091 | -46,437 | 59,466 | -8,041 | 83,406 | -18,822 | -8,827 | 63,461 |
| Creditors | 21,521 | -13,339 | 64,231 | -38,224 | 77,711 | -12,570 | -7,359 | 45,881 |
| Accruals and Deferred Income | 19,882 | -32,766 | 1,802 | 42,976 | -77,923 | -34,156 | 8,675 | 103,404 |
| Deferred Taxes & Provisions | -7,819 | 5,679 | -2,026 | 11,097 | ||||
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 660 | 5,823 | 4,166 | |||||
| Group/Directors Accounts | ||||||||
| Other Short Term Loans | -21,130 | 21,130 | ||||||
| Long term loans | -6,368 | -1,545 | -6,709 | 45,833 | ||||
| Hire Purchase and Lease Commitments | -23,405 | 8,829 | -9,585 | 27,028 | ||||
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -30,082 | 7,710 | 6,165 | 7,126 | 9,570 | |||
| overdraft | 3,100 | 12,685 | 1,947 | 15,982 | ||||
| change in cash | -3,100 | -12,685 | -1,947 | -46,064 | 7,710 | 6,165 | 7,126 | 9,570 |
logic heating & pipework solutions ltd Credit Report and Business Information
Logic Heating & Pipework Solutions Ltd Competitor Analysis
Perform a competitor analysis for logic heating & pipework solutions ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in M27 area or any other competitors across 12 key performance metrics.
logic heating & pipework solutions ltd Ownership
LOGIC HEATING & PIPEWORK SOLUTIONS LTD group structure
Logic Heating & Pipework Solutions Ltd has no subsidiary companies.
Ultimate parent company
LOGIC HEATING & PIPEWORK SOLUTIONS LTD
09766435
logic heating & pipework solutions ltd directors
Logic Heating & Pipework Solutions Ltd currently has 1 director, Mr Nicholas Candland serving since Sep 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Candland | England | 51 years | Sep 2015 | - | Director |
P&L
September 2023turnover
773.4k
+8%
operating profit
-5k
0%
gross margin
27.4%
-2.68%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
3.1k
-0.82%
total assets
258.3k
-0.1%
cash
489
0%
net assets
Total assets minus all liabilities
logic heating & pipework solutions ltd company details
company number
09766435
Type
Private limited with Share Capital
industry
43220 - Plumbing, heat and air-conditioning installation
incorporation date
September 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
-
address
15 blantyre road, swinton, manchester, M27 5ER
Bank
-
Legal Advisor
-
logic heating & pipework solutions 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 found 1 charges/mortgages relating to logic heating & pipework solutions ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
logic heating & pipework solutions 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.
Click to start generating capital raising & share issue transactions for LOGIC HEATING & PIPEWORK SOLUTIONS LTD. This can take several minutes, an email will notify you when this has completed.
logic heating & pipework solutions ltd Companies House Filings - See Documents
| date | description | view/download |
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