How much does Mike Yould Plumbing & Heating Ltd make?

Mike Yould Plumbing & Heating Ltd reported revenue of £13.6m and £837k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Mike Yould Plumbing & Heating Ltd have?

Mike Yould Plumbing & Heating Ltd reported an average of 39 employees in the year to 31 Mar 2025.

Is Mike Yould Plumbing & Heating Ltd profitable?

Yes — Mike Yould Plumbing & Heating Ltd reported a profit of £837k in the year to 31 Mar 2025.

Company No. 05416438 · Incorporated 6 Apr 2005

Mike Yould Plumbing & Heating Ltd

Registered name: MIKE YOULD PLUMBING & HEATING LTD

Mike Yould Plumbing & Heating Ltd made £13.6m revenue and £837k profit in the year to 31 Mar 2025.

Mike Yould Plumbing & Heating Ltd’s revenue grew 27% to £13.6m in the year to 31 Mar 2025, with £837k profit and 39 employees. The company is classified under “plumbing, heat and air-conditioning installation” and is based in Spalding; we hold 4 years of its filed accounts.

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

Status: Active
Location: Spalding, East of England
Age: 21 yrs · since 2005
Type: Private Limited Company

Latest accounts · year to 31 Mar 2025

Key figures

IndependentCapital-lightDoing more with lessBoring industryCash flow filed

Revenue

£13.6m

Growth ▲26.5%

Profit

£837k

Growth ▲4.8%

Profit margin

6.2%

Gross 14.8%

Employees

Change ▼4.9%

Profit / employee

£21.5k

Revenue/employee £349k

Profitable streak

2yrs

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	30 Sep 2021	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	No P&L	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	—	£10.8m	£13.6m
Cost of sales	—	—	£9.3m	£11.6m
Gross profit	—	—	£1.5m	£2m
Operating profit	—	—	£1m	£1.1m
Profit before tax	—	—	£1.1m	£1.2m
Profit after tax	—	—	£799k	£837k
Profit (best available)	—	—	£799k	£837k
Staff costs	—	—	£1.8m	£2.3m
Employees (average)	35	41	41	39
Ratios
Profit margin	—	—	7.4%	6.2%
Gross margin	—	—	13.8%	14.8%
Revenue per employee	—	—	£262k	£349k
Profit per employee	—	—	£19.5k	£21.5k
Cash conversion	—	—	19.2%	69.4%
Growth (year on year)
Revenue growth	—	—	—	▲26.5%
Profit growth	—	—	—	▲4.8%
Headcount growth	—	—	—	▼4.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.5m	£3.7m	£3.8m	£4m
Net assets	£4.1m	£4.5m	£5.2m	£6m
Fixed assets	£386k	£627k	£674k	£672k
Current assets	£5.5m	£6.1m	£6.7m	£8.3m
Debtors	£1.5m	£1.4m	£1.9m	£2.5m
Deferred income	£250k	£120k	£95.7k	£127k
Cash from operations	—	—	£199k	£788k
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Jun 2026

Derived from the latest filing

How the business works

Profit margin: 6.2%; Profit ÷ revenue.
Gross margin: 14.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £349k; Revenue ÷ average employees.
Profit per employee: £21.5k; Profit ÷ average employees.
Cash conversion: 69.4%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 4.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18.2%; 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 £6m
Cash at bank: ▲7%; Now £4m
Headcount: ▼5%; Now 39
Deferred income: ▲33%; Now £127k
Fixed assets: ▼0%; Now £672k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £837k), from the Companies House accounts bulk data published Jun 2026. 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.