How much does Leep District Heating Networks (Milton Keynes) Limited make?

Leep District Heating Networks (Milton Keynes) Limited reported revenue of £5m and a loss of £5.7m in the year to 31 Mar 2025, according to its accounts filed at Companies House.

Company No. 05277300 · Incorporated 3 Nov 2004

Leep District Heating Networks (Milton Keynes) Limited

Q: Is Leep District Heating Networks (Milton Keynes) Limited profitable?

No — Leep District Heating Networks (Milton Keynes) Limited reported a loss of £5.7m in the year to 31 Mar 2025.

Registered name: LEEP DISTRICT HEATING NETWORKS (MILTON KEYNES) LIMITED

Part of Utilities Services (Mediacity UK) Limited group

Leep District Heating Networks (Milton Keynes) Limited made £5m revenue and a £5.7m loss in the year to 31 Mar 2025.

Leep District Heating Networks (Milton Keynes) Limited’s revenue grew 4% to £5m in the year to 31 Mar 2025, with a loss of £5.7m. The company is classified under “production of electricity” and is based in Manchester; we hold 4 years of its filed accounts.

Full P&L filedSection D · Electricity, gas, steam and air conditioning supplySIC 35110Production of electricity SIC 35130Distribution of electricity SIC 35300Steam and air conditioning supply

Status: Active
Location: Manchester, North West
Age: 21 yrs · since 2004
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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

Small teamCash flow filed

Revenue

£5m

Growth ▲3.5%

Profit

−£5.7m

Growth —

Profit margin

−114.8%

Gross 31.4%

Employees

—

Change —

Profit / employee

—

Profitable streak

0yrs

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 Dec 2021	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£4.7m	£10.8m	£4.8m	£5m
Cost of sales	£3.5m	£7.3m	£3.2m	−£3.4m
Gross profit	£1.1m	£3.5m	£1.6m	£1.6m
Operating profit	−£541k	£783k	−£424k	−£3.8m
Profit before tax	−£2.4m	−£1.7m	−£2.4m	−£5.7m
Profit after tax	−£2.4m	−£1.7m	−£2.4m	−£5.7m
Profit (best available)	−£2.4m	−£1.7m	−£2.4m	−£5.7m
Employees (average)	0	0	0	—
Ratios
Profit margin	−52.6%	−15.7%	−50%	−114.8%
Gross margin	23.8%	32.6%	34%	31.4%
Cash conversion	—	314.8%	—	—
Growth (year on year)
Revenue growth	—	—	—	▲3.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£358k	£2.7m	£2.8m	—
Net assets	−£23.4m	−£25.1m	−£27.5m	—
Fixed assets	£16.2m	£14.6m	£13.8m	—
Current assets	£1.9m	£5m	£4.7m	—
Debtors	£605k	£362k	£149k	—
Deferred income	£6m	£6m	£7.7m	—
Cash from operations	£2.9m	£2.5m	£65.6k	—
Source	Accounts · bulk data Mar 2024	Accounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2025	Accounts · bulk data Apr 2026

Derived from the latest filing

How the business works

Profit margin: −114.8%; Profit ÷ revenue.
Gross margin: 31.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; 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: —; Now —
Cash at bank: —; Now —
Headcount: —; Now —
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Utilities Services (Mediacity UK) Limitedultimate parent75–100%
Leep District Heating Networks (Milton Keynes) 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

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Mar 2025 (profit −£5.7m), from the Companies House accounts bulk data published Apr 2026. Spotted an error? Request a correction.

Updated from Companies House on 15 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.