How much does M & N Heating and Plumbing Limited make?

M & N Heating and Plumbing Limited reported revenue of £19.5m and £787k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does M & N Heating and Plumbing Limited have?

M & N Heating and Plumbing Limited reported an average of 90 employees in the year to 31 Mar 2025.

Is M & N Heating and Plumbing Limited profitable?

Yes — M & N Heating and Plumbing Limited reported a profit of £787k in the year to 31 Mar 2025.

Company No. 04636143 · Incorporated 14 Jan 2003

M & N Heating and Plumbing Limited

Registered name: M & N HEATING AND PLUMBING LIMITED

Part of Lon Holdings Limited group

M & N Heating and Plumbing Limited made £19.5m revenue and £787k profit in the year to 31 Mar 2025.

M & N Heating and Plumbing Limited’s revenue was £19.5m in the year to 31 Mar 2025, with £787k profit and 90 employees. The company is classified under “plumbing, heat and air-conditioning installation” and is based in Banbury; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43220Plumbing, heat and air-conditioning installation

Status: Active
Location: Banbury, South East
Age: 23 yrs · since 2003
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Mar 2025

Key figures

Capital-lightBoring industryCash flow filed

Revenue

£19.5m

Growth ▼0.3%

Profit

£787k

Growth ▼30.6%

Profit margin

Gross 17%

Employees

Change ▼3.2%

Profit / employee

£8.8k

Revenue/employee £217k

Profitable streak

3yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	No P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£20.6m	£19.6m	£19.5m
Cost of sales	—	£17.7m	£15.8m	£16.2m
Gross profit	—	£2.9m	£3.8m	£3.3m
Operating profit	—	£821k	£1.6m	£1.1m
Profit before tax	—	£818k	£1.6m	£1.1m
Profit after tax	—	£656k	£1.1m	£787k
Profit (best available)	—	£656k	£1.1m	£787k
Staff costs	—	£4.3m	£4.3m	£4.1m
Employees (average)	90	0	93	90
Ratios
Profit margin	—	3.2%	5.8%	4%
Gross margin	—	14.2%	19.6%	17%
Revenue per employee	—	—	£211k	£217k
Profit per employee	—	—	£12.2k	£8.8k
Cash conversion	—	−135.4%	−50.7%	−91.8%
Growth (year on year)
Revenue growth	—	—	▼4.8%	▼0.3%
Profit growth	—	—	▲73.1%	▼30.6%
Headcount growth	—	▼100%	—	▼3.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.2m	£1.3m	£1.5m	£1.4m
Net assets	£2.5m	£2.2m	£3m	£3.5m
Fixed assets	£561k	£542k	£531k	£676k
Current assets	£4.9m	£5m	£5.2m	£6.1m
Debtors	£3.4m	£3m	£3m	£3.6m
Cash from operations	—	−£1.1m	−£803k	−£972k
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 4%; Profit ÷ revenue.
Gross margin: 17%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £217k; Revenue ÷ average employees.
Profit per employee: £8.8k; Profit ÷ average employees.
Cash conversion: −91.8%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18.5%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: ▲15%; Now £3.5m
Cash at bank: ▼5%; Now £1.4m
Headcount: ▼3%; Now 90
Deferred income: —; Now —
Fixed assets: ▲27%; Now £676k

Corporate ownership

Group structure

Ownership chain

Lon Holdings Limitedultimate parent75–100%
M & N Heating and Plumbing Limitedthis company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £787k), from the Companies House accounts bulk data published Dec 2025. 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.