heatsource direct limited
heatsource direct limited Company Information
Company Number
10432769
Next Accounts
Dec 2025
Shareholders
thomas david thurling
christopher matthew thurling
Group Structure
View All
Industry
Installation of industrial machinery and equipment
Registered Address
unit 5 haggs farm business park, haggs road, harrogate, HG3 1EQ
Website
heatsourcedirect.co.ukheatsource direct limited Estimated Valuation
Pomanda estimates the enterprise value of HEATSOURCE DIRECT LIMITED at £496.7k based on a Turnover of £1.2m and 0.43x industry multiple (adjusted for size and gross margin).
heatsource direct limited Estimated Valuation
Pomanda estimates the enterprise value of HEATSOURCE DIRECT LIMITED at £799.2k based on an EBITDA of £209.8k and a 3.81x industry multiple (adjusted for size and gross margin).
heatsource direct limited Estimated Valuation
Pomanda estimates the enterprise value of HEATSOURCE DIRECT LIMITED at £1.2m based on Net Assets of £485.3k and 2.38x industry multiple (adjusted for liquidity).
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Heatsource Direct Limited Overview
Heatsource Direct Limited is a live company located in harrogate, HG3 1EQ with a Companies House number of 10432769. It operates in the installation of industrial machinery and equipment sector, SIC Code 33200. Founded in October 2016, it's largest shareholder is thomas david thurling with a 50% stake. Heatsource Direct Limited is a young, small sized company, Pomanda has estimated its turnover at £1.2m with rapid growth in recent years.
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Heatsource Direct Limited Health Check
Pomanda's financial health check has awarded Heatsource Direct Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £1.2m, make it smaller than the average company (£10.9m)
- Heatsource Direct Limited
£10.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 49%, show it is growing at a faster rate (11.2%)
- Heatsource Direct Limited
11.2% - Industry AVG
Production
with a gross margin of 18%, this company has a higher cost of product (28.6%)
- Heatsource Direct Limited
28.6% - Industry AVG
Profitability
an operating margin of 17.8% make it more profitable than the average company (5.1%)
- Heatsource Direct Limited
5.1% - Industry AVG
Employees
with 6 employees, this is below the industry average (38)
6 - Heatsource Direct Limited
38 - Industry AVG
Pay Structure
on an average salary of £53.8k, the company has an equivalent pay structure (£53.8k)
- Heatsource Direct Limited
£53.8k - Industry AVG
Efficiency
resulting in sales per employee of £192.1k, this is equally as efficient (£208.1k)
- Heatsource Direct Limited
£208.1k - Industry AVG
Debtor Days
it gets paid by customers after 117 days, this is later than average (62 days)
- Heatsource Direct Limited
62 days - Industry AVG
Creditor Days
its suppliers are paid after 180 days, this is slower than average (39 days)
- Heatsource Direct Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 11 days, this is less than average (39 days)
- Heatsource Direct Limited
39 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 50 weeks, this is more cash available to meet short term requirements (11 weeks)
50 weeks - Heatsource Direct Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50%, this is a lower level of debt than the average (59.1%)
50% - Heatsource Direct Limited
59.1% - Industry AVG
HEATSOURCE DIRECT LIMITED financials
Heatsource Direct Limited's latest turnover from March 2024 is estimated at £1.2 million and the company has net assets of £485.3 thousand. According to their latest financial statements, Heatsource Direct Limited has 6 employees and maintains cash reserves of £453.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|---|
| 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 | 6 | 2 | 3 | 3 | 2 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 114,655 | 4,025 | 2,233 | 745 | 993 | 1,322 | 1,736 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 114,655 | 4,025 | 2,233 | 745 | 993 | 1,322 | 1,736 |
| Stock & work in progress | 30,000 | 12,000 | 4,000 | 0 | 0 | 0 | 0 |
| Trade Debtors | 371,996 | 1,190,936 | 108,151 | 27,994 | 18,624 | 19,840 | 5,150 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 7,393 | 0 | 0 | 0 |
| Cash | 453,236 | 551,112 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 855,232 | 1,754,048 | 112,151 | 35,387 | 18,624 | 19,840 | 5,150 |
| total assets | 969,887 | 1,758,073 | 114,384 | 36,132 | 19,617 | 21,162 | 6,886 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 467,171 | 1,435,977 | 99,357 | 16,601 | 16,345 | 14,731 | 3,772 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 467,171 | 1,435,977 | 99,357 | 16,601 | 16,345 | 14,731 | 3,772 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 961 | 961 | 0 | 0 |
| other liabilities | 12,024 | 9,900 | 13,873 | 18,000 | 0 | 0 | 0 |
| provisions | 5,363 | 519 | 0 | 0 | 0 | 251 | 0 |
| total long term liabilities | 17,387 | 10,419 | 13,873 | 18,961 | 961 | 251 | 0 |
| total liabilities | 484,558 | 1,446,396 | 113,230 | 35,562 | 17,306 | 14,982 | 3,772 |
| net assets | 485,329 | 311,677 | 1,154 | 570 | 2,311 | 6,180 | 3,114 |
| total shareholders funds | 485,329 | 311,677 | 1,154 | 570 | 2,311 | 6,180 | 3,114 |
| Mar 2024 | Mar 2023 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 4,615 | 965 | |||||
| Amortisation | 0 | 0 | |||||
| Tax | |||||||
| Stock | 18,000 | 12,000 | 4,000 | 0 | 0 | 0 | 0 |
| Debtors | -818,940 | 1,190,936 | 72,764 | 16,763 | -1,216 | 14,690 | 5,150 |
| Creditors | -968,806 | 1,435,977 | 82,756 | 256 | 1,614 | 10,959 | 3,772 |
| Accruals and Deferred Income | 0 | 0 | -961 | 0 | 961 | 0 | 0 |
| Deferred Taxes & Provisions | 4,844 | 519 | 0 | 0 | -251 | 251 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 2,124 | 9,900 | -4,127 | 18,000 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -97,876 | 551,112 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -97,876 | 551,112 | 0 | 0 | 0 | 0 | 0 |
heatsource direct limited Credit Report and Business Information
Heatsource Direct Limited Competitor Analysis
Perform a competitor analysis for heatsource direct limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in HG3 area or any other competitors across 12 key performance metrics.
heatsource direct limited Ownership
HEATSOURCE DIRECT LIMITED group structure
Heatsource Direct Limited has no subsidiary companies.
Ultimate parent company
HEATSOURCE DIRECT LIMITED
10432769
heatsource direct limited directors
Heatsource Direct Limited currently has 2 directors. The longest serving directors include Mr Christopher Thurling (Oct 2016) and Mr Thomas Thurling (Oct 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Thurling | England | 35 years | Oct 2016 | - | Director |
| Mr Thomas Thurling | England | 31 years | Oct 2016 | - | Director |
P&L
March 2024turnover
1.2m
-62%
operating profit
205.2k
0%
gross margin
18.1%
+4.08%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
485.3k
+0.56%
total assets
969.9k
-0.45%
cash
453.2k
-0.18%
net assets
Total assets minus all liabilities
heatsource direct limited company details
company number
10432769
Type
Private limited with Share Capital
industry
33200 - Installation of industrial machinery and equipment
incorporation date
October 2016
age
9
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
March 2024
previous names
planet-u assets limited (March 2023)
heatsource direct limited (December 2020)
accountant
TAXASSIST ACCOUNTANTS
auditor
-
address
unit 5 haggs farm business park, haggs road, harrogate, HG3 1EQ
Bank
-
Legal Advisor
-
heatsource direct 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 heatsource direct limited. Currently there are 0 open charges and 1 have been satisfied in the past.
heatsource direct 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.
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heatsource direct limited Companies House Filings - See Documents
| date | description | view/download |
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