H2O Plumbing & Heating Services Ltd.
Registered name: H2O PLUMBING & HEATING SERVICES LTD.
H2O Plumbing & Heating Services Ltd. made £11.3m revenue and a £228k loss in the year to 31 Mar 2023.
H2O Plumbing & Heating Services Ltd.’s revenue grew 25% to £11.3m in the year to 31 Mar 2023, with a loss of £228k and 64 employees. The company is classified under “other business support service activities” and is based in Maidenhead; we hold 2 years of its filed accounts.
- Status
- Liquidation
- Location
- Maidenhead, South East
- Age
- 27 yrs · since 1998
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £9.1m | £11.3m |
| Cost of sales | £7.4m | £9.1m |
| Gross profit | £1.7m | £2.2m |
| Operating profit | −£946k | −£171k |
| Profit before tax | −£990k | −£263k |
| Profit after tax | −£784k | −£228k |
| Profit (best available) | −£784k | −£228k |
| Staff costs | £3.2m | £3.1m |
| Employees (average) | 77 | 64 |
| Ratios | ||
| Profit margin | −8.6% | −2% |
| Gross margin | 19.1% | 19.6% |
| Revenue per employee | £118k | £177k |
| Profit per employee | −£10.2k | −£3.6k |
| Growth (year on year) | ||
| Revenue growth | — | ▲24.8% |
| Headcount growth | — | ▼16.9% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £39.3k | £111k |
| Net assets | £1.9m | £1.7m |
| Fixed assets | £2.6m | £2.4m |
| Current assets | £2.9m | £3.1m |
| Debtors | £650k | £642k |
| Cash from operations | −£15.4k | −£204k |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 |
How the business works
- Profit margin
- −2%
- Profit ÷ revenue.
- Gross margin
- 19.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £177k
- Revenue ÷ average employees.
- Profit per employee
- −£3.6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 21.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 5.7%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▼12%
- Now £1.7m
- Cash at bank
- ▲182%
- Now £111k
- Headcount
- ▼17%
- Now 64
- Deferred income
- —
- Now —
- Fixed assets
- ▼8%
- Now £2.4m
Similar profitable businesses
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- Carnall Farrar LtdLondon · Other business support service activities n.e.c.
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- Forpeople LimitedLondon · Other business support service activities n.e.c.
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- STL Energy LimitedHereford · Other business support service activities n.e.c.
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2023 (profit −£228k), from the Companies House accounts bulk data published Dec 2023. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.