Logicool Air Conditioning & Heat Pumps Limited
Registered name: LOGICOOL AIR CONDITIONING & HEAT PUMPS LIMITED
Part of Wolseley Investments Limited groupLogicool Air Conditioning & Heat Pumps Limited made £11.4m revenue and £321k profit in the year to 31 Mar 2024. read from filing text
Logicool Air Conditioning & Heat Pumps Limited’s revenue grew 8% to £11.4m in the year to 31 Mar 2024, with £321k profit and 20 employees. The company is classified under “steam and air conditioning supply” and is based in Gallows Hill; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Gallows Hill, West Midlands
- Age
- 18 yrs · since 2008
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2023 | 31 Mar 2024 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £10.5m | £11.4m |
| Cost of sales | £8.5m | £9.2m |
| Gross profit | £2m | £2.2m |
| Operating profit | £845k | £539k |
| Profit before tax | £803k | £472k |
| Profit after tax | £653k | £321k |
| Profit (best available) | £653k | £321k |
| Staff costs | £801k | £1.1m |
| Employees (average) | 17 | 20 |
| Ratios | ||
| Profit margin | 6.2% | 2.8% |
| Gross margin | 19.1% | 19.1% |
| Revenue per employee | £620k | £569k |
| Profit per employee | £38.4k | £16.1k |
| Cash conversion | −56% | −11.6% |
| Growth (year on year) | ||
| Revenue growth | — | ▲7.9% |
| Profit growth | — | ▼50.8% |
| Headcount growth | — | ▲17.6% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £1.1m | £632k |
| Net assets | £2.8m | £3m |
| Fixed assets | £2.1m | £2.2m |
| Current assets | £4m | £3.7m |
| Debtors | £1.8m | £2m |
| Deferred income | £94.1k | £100k |
| Cash from operations | −£473k | −£62.7k |
| Source | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Oct 2024 |
How the business works
- Profit margin
- 2.8%
- Profit ÷ revenue.
- Gross margin
- 19.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £569k
- Revenue ÷ average employees.
- Profit per employee
- £16.1k
- Profit ÷ average employees.
- Cash conversion
- −11.6%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 19%
- 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
- 17.4%
- 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
- ▲8%
- Now £3m
- Cash at bank
- ▼42%
- Now £632k
- Headcount
- ▲18%
- Now 20
- Deferred income
- ▲7%
- Now £100k
- Fixed assets
- ▲2%
- Now £2.2m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Wolseley Investments Limitedultimate parent75–100%
- Wolseley Group Holdings Limited75–100%
- Wolseley Group Limited75–100%
- Wolseley UK Limited75–100%
- Logicool Air Conditioning & Heat Pumps Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (12)
- Kooltech LimitedRev. £65.2m · Profit £3.5m
- C.P. Hart & Sons LimitedRev. £50.2m · Profit £2.9m
- Blue Bay Building Products LimitedRev. £18.4m · Profit £1.1m
- Bassetts (Wolseley) LimitedFigures not disclosed
- Continental Product Engineering LimitedFigures not disclosed
- Ideal Bathrooms (Wolseley) LimitedFigures not disclosed
- Jointing Tech LimitedFigures not disclosed
- Logicool Holdings LimitedActive - Proposal to Strike offFigures not disclosed
- Res-Distribution LimitedFigures not disclosed
- William Wilson Holdings LimitedFigures not disclosed
- Wolseley Properties LimitedFigures not disclosed
- Wolseley UK Finance LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Condition Environment Services LimitedLondon · Steam and air conditioning supply
- Revenue
- £12.9m
- Profit
- £263k
- Staff
- 36
- Stulz U.K. LimitedChessington · Steam and air conditioning supply
- Revenue
- £13.6m
- Profit
- £45.8k
- Staff
- 49
- Condair LimitedLittlehampton · Steam and air conditioning supply
- Revenue
- £9.3m
- Profit
- £447k
- Staff
- 58
- CHC Group LimitedCo.armagh · Steam and air conditioning supply
- Revenue
- £29.2m
- Profit
- £974k
- Staff
- 186
Sources
Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £321k), from the Companies House accounts bulk data published Oct 2024. 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.