How much does Heath Electrical Services MK Limited make?

Heath Electrical Services MK Limited reported revenue of £2.1m and £50.4k profit in the year to 30 Sep 2022, according to its accounts filed at Companies House.

How many employees does Heath Electrical Services MK Limited have?

Heath Electrical Services MK Limited reported an average of 28 employees in the year to 30 Sep 2022.

Is Heath Electrical Services MK Limited profitable?

Yes — Heath Electrical Services MK Limited reported a profit of £50.4k in the year to 30 Sep 2022.

Company No. 11565263 · Incorporated 12 Sep 2018

Heath Electrical Services MK Limited

Registered name: HEATH ELECTRICAL SERVICES MK LIMITED

Heath Electrical Services MK Limited made £2.1m revenue and £50.4k profit in the year to 30 Sep 2022.

Heath Electrical Services MK Limited’s revenue grew 39% to £2.1m in the year to 30 Sep 2022, with £50.4k profit and 28 employees. The company is classified under “electrical installation” and is based in Norwich; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43210Electrical installation

Status: Liquidation
Location: Norwich, East of England
Age: 8 yrs · since 2018
Type: Private Limited Company

Latest accounts · year to 30 Sep 2022

Key figures

IndependentYoung and profitableBoring industry

Revenue

£2.1m

Growth ▲38.6%

Profit

£50.4k

Growth —

Profit margin

2.4%

Gross 30.7%

Employees

Change ▲16.7%

Profit / employee

£1.8k

Revenue/employee £76.4k

Profitable streak

1yr

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 Sep 2021	30 Sep 2022
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£1.5m	£2.1m
Cost of sales	£1.2m	£1.5m
Gross profit	£371k	£656k
Operating profit	−£46.8k	£81.4k
Profit before tax	−£60.6k	£62.3k
Profit after tax	−£60.6k	£50.4k
Profit (best available)	−£60.6k	£50.4k
Employees (average)	24	28
Ratios
Profit margin	−3.9%	2.4%
Gross margin	24%	30.7%
Revenue per employee	£64.3k	£76.4k
Profit per employee	−£2.5k	£1.8k
Growth (year on year)
Revenue growth	—	▲38.6%
Headcount growth	—	▲16.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£47.9k	£79.9k
Net assets	£720k	£495k
Fixed assets	£414k	£218k
Current assets	£469k	£481k
Debtors	£101k	£108k
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023

Derived from the latest filing

How the business works

Profit margin: 2.4%; Profit ÷ revenue.
Gross margin: 30.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £76.4k; Revenue ÷ average employees.
Profit per employee: £1.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 10.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 5%; 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: ▼31%; Now £495k
Cash at bank: ▲67%; Now £79.9k
Headcount: ▲17%; Now 28
Deferred income: —; Now —
Fixed assets: ▼47%; Now £218k

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 30 Sep 2022 (profit £50.4k), 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.