Hygrade Plumbing LtdDissolved
Registered name: HYGRADE PLUMBING LTD
Hygrade Plumbing Ltd made £1.5m revenue and £1.3m profit in the year to 31 Dec 2022.
Hygrade Plumbing Ltd’s revenue was £1.5m in the year to 31 Dec 2022, with £1.3m profit and 0 employees. We hold 2 years of its filed accounts. It is no longer on the Companies House register.
- Status
- Dissolved
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £1.6m | £1.5m |
| Cost of sales | £1.5m | — |
| Gross profit | £81.9k | £1.5m |
| Operating profit | £76.9k | £1.5m |
| Profit before tax | £76.4k | £1.5m |
| Profit after tax | £61.9k | £1.3m |
| Profit (best available) | £61.9k | £1.3m |
| Employees (average) | — | 0 |
| Ratios | ||
| Profit margin | 4% | 81% |
| Gross margin | 5.3% | 100% |
| Growth (year on year) | ||
| Revenue growth | — | ▼0.1% |
| Profit growth | — | ▲1928% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £49.8k | — |
| Net assets | −£22.1k | −£294k |
| Fixed assets | £0 | £0 |
| Current assets | £49.8k | £0 |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 |
How the business works
- Profit margin
- 81%
- Profit ÷ revenue.
- Gross margin
- 100%
- 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
- 0%
- 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.
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 −£294k
- Cash at bank
- —
- Now —
- Headcount
- —
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now £0
Sources
Latest figures from accounts for the year to 31 Dec 2022 (profit £1.3m), from the Companies House accounts bulk data published Oct 2023. 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.