How much does Heat Exchange Group Services Limited make?

Heat Exchange Group Services Limited reported revenue of £5.1m and £41.5k profit in the year to 30 Jun 2023, according to its accounts filed at Companies House.

How many employees does Heat Exchange Group Services Limited have?

Heat Exchange Group Services Limited reported an average of 37 employees in the year to 30 Jun 2023.

Is Heat Exchange Group Services Limited profitable?

Yes — Heat Exchange Group Services Limited reported a profit of £41.5k in the year to 30 Jun 2023.

Company No. 11454694 · Incorporated 9 Jul 2018

Heat Exchange Group Services Limited

Registered name: HEAT EXCHANGE GROUP SERVICES LIMITED

Part of Heat Exchange Group Limited group

Heat Exchange Group Services Limited made £5.1m revenue and £41.5k profit in the year to 30 Jun 2023.

Heat Exchange Group Services Limited’s revenue grew 17% to £5.1m in the year to 30 Jun 2023, with £41.5k profit and 37 employees. The company is classified under “other engineering activities” and is based in Leicester; we hold 2 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 71129Other engineering activities

Status: In Administration/Administrative Receiver
Location: Leicester, East Midlands
Age: 8 yrs · since 2018
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.

Latest accounts · year to 30 Jun 2023

Key figures

Capital-lightYoung and profitableOperating leverage

Revenue

£5.1m

Growth ▲17.3%

Profit

£41.5k

Growth ▲56.2%

Profit margin

0.8%

Gross 29.6%

Employees

Change 0%

Profit / employee

£1.1k

Revenue/employee £137k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Jun 2022	30 Jun 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£4.3m	£5.1m
Cost of sales	£2.7m	£3.6m
Gross profit	£1.6m	£1.5m
Operating profit	£29.2k	£41.5k
Profit before tax	£26.6k	£41.5k
Profit after tax	£26.6k	£41.5k
Profit (best available)	£26.6k	£41.5k
Employees (average)	37	37
Ratios
Profit margin	0.6%	0.8%
Gross margin	36.6%	29.6%
Revenue per employee	£117k	£137k
Profit per employee	£718	£1.1k
Growth (year on year)
Revenue growth	—	▲17.3%
Profit growth	—	▲56.2%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£116k	£89.9k
Net assets	£468k	£509k
Fixed assets	£274k	£231k
Current assets	£1.3m	£2.2m
Debtors	£590k	£796k
Deferred income	£76.9k	£1.2m
Source	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2024

Derived from the latest filing

How the business works

Profit margin: 0.8%; Profit ÷ revenue.
Gross margin: 29.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £137k; Revenue ÷ average employees.
Profit per employee: £1.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 4.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 23.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 15.7%; 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: ▲9%; Now £509k
Cash at bank: ▼23%; Now £89.9k
Headcount: 0%; Now 37
Deferred income: ▲1466%; Now £1.2m
Fixed assets: ▼16%; Now £231k

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

Corporate ownership

Group structure

Ownership chain

Heat Exchange Group Limitedultimate parent75–100%
Heat Exchange Group Services Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Minority corporate shareholders

W2S Directors Limited

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Jun 2023 (profit £41.5k), from the Companies House accounts bulk data published Mar 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.