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Company No. 13076503 · Incorporated 11 Dec 2020

Natwest Heat Holdco Limited

Registered name: NATWEST HEAT HOLDCO LIMITED

Part of Natwest Group PLC group

Natwest Heat Holdco Limited made £2.9m revenue and a £2.7m loss in the year to 31 Dec 2024.

Natwest Heat Holdco Limited’s revenue grew 5% to £2.9m in the year to 31 Dec 2024, with a loss of £2.7m. The company is classified under “activities of other holding companies” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSIC 64209Activities of other holding companies n.e.c.
Status
Active
Location
London
Age
5 yrs · since 2020
Type
Private Limited Company
Latest accounts · year to 31 Dec 2024

Key figures

Revenue
£2.9m
Growth ▲5.3%
Profit
−£2.7m
Growth —
Profit margin
−94.3%
 
Employees
—
Change —
Profit / employee
—
 
Profitable streak
0yrs
Consecutive profitable years in our data
2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202331 Dec 2024
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£2.7m£2.9m
Operating profit£585k£166k
Profit before tax−£2.2m−£2.7m
Profit after tax−£2.2m−£2.7m
Profit (best available)−£2.2m−£2.7m
Employees (average)——
Ratios
Profit margin−78.7%−94.3%
Growth (year on year)
Revenue growth—▲5.3%
Balance sheet — indirect signals, not revenue
Net assets——
SourceAccounts · bulk data Sep 2024Accounts · bulk data Oct 2025
Derived from the latest filing

How the business works

Profit margin
−94.3%
Profit ÷ revenue.
Gross margin
—
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
—
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.
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
—
Now —
Cash at bank
—
Now —
Headcount
—
Now —
Deferred income
—
Now —
Fixed assets
—
Now —
Corporate ownership

Group structure

Ownership chain

  1. Natwest Group PLCultimate parent75–100%
  2. Natwest Holdings Limited75–100%
  3. National Westminster Bank Public Limited Company75–100%
  4. Natwest Pension Trustee Limited75–100%
  5. Natwest Heat Holdco Limitedthis company

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

Sister companies (32)

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

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2024 (profit −£2.7m), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.

Updated from Companies House on 23 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.