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Company No. 06753929 · Incorporated 20 Nov 2008

Borthwick Heating Insulation UK Ltd

Registered name: BORTHWICK HEATING INSULATION UK LTD

Borthwick Heating Insulation UK Ltd made £64.2m revenue and £7.3m profit in the year to 31 Dec 2024.

Borthwick Heating Insulation UK Ltd’s revenue grew 28% to £64.2m in the year to 31 Dec 2024, with £7.3m profit and 158 employees. The company is classified under “plumbing, heat and air-conditioning installation” and is based in Hartlepool; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43220Plumbing, heat and air-conditioning installation
Status
Active
Location
Hartlepool, North East
Age
17 yrs · since 2008
Type
Private Limited Company
Latest accounts · year to 31 Dec 2024

Key figures

IndependentCapital-lightOperating leverageBoring industryCash flow filed
Revenue
£64.2m
Growth ▲27.9%
Profit
£7.3m
Growth ▲40.2%
Profit margin
11.4%
Gross 33.6%
Employees
158
Change ▲10.5%
Profit / employee
£46.5k
Revenue/employee £407k
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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202231 Dec 202331 Dec 2024
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£22.5m£50.2m£64.2m
Cost of sales£14.8m£30.6m£42.6m
Gross profit£7.6m£19.6m£21.6m
Operating profit£2.7m£6.7m£9.9m
Profit before tax£2.7m£6.7m£10m
Profit after tax£2.2m£5.2m£7.3m
Profit (best available)£2.2m£5.2m£7.3m
Staff costs£2.5m£6m£7.3m
Employees (average)87143158
Ratios
Profit margin9.8%10.4%11.4%
Gross margin33.9%39%33.6%
Revenue per employee£258k£351k£407k
Profit per employee£25.2k£36.7k£46.5k
Cash conversion56.4%73.1%60%
Growth (year on year)
Revenue growth—▲123.6%▲27.9%
Profit growth—▲139.4%▲40.2%
Headcount growth—▲64.4%▲10.5%
Balance sheet — indirect signals, not revenue
Cash at bank£6.3m£9.4m£14.6m
Net assets£9.5m£14.5m£21.9m
Fixed assets£2m£2m£2.2m
Current assets£11.2m£18.1m£28.2m
Debtors£34.1k£2.4m£119k
Deferred income£35.7k£39.4k£41.7k
Cash from operations£1.5m£4.9m£5.9m
SourceAccounts · bulk data Sep 2024Accounts · bulk data Sep 2024FullAccounts · bulk data Sep 2025
Derived from the latest filing

How the business works

Profit margin
11.4%
Profit ÷ revenue.
Gross margin
33.6%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£407k
Revenue ÷ average employees.
Profit per employee
£46.5k
Profit ÷ average employees.
Cash conversion
60%
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
0.1%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
0.2%
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
▲51%
Now £21.9m
Cash at bank
▲56%
Now £14.6m
Headcount
▲10%
Now 158
Deferred income
▲6%
Now £41.7k
Fixed assets
▲12%
Now £2.2m

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

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £7.3m), from the Companies House accounts bulk data published Sep 2025. 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.