H Plus Ireland Limited
Registered name: H PLUS IRELAND LIMITED
Part of MKR Holdings Limited groupH Plus Ireland Limited made £598k revenue and £12.6k profit in the year to 31 Mar 2025.
H Plus Ireland Limited’s revenue fell 49% to £598k in the year to 31 Mar 2025, with £12.6k profit and 0 employees. The company is classified under “wholesale of chemical products” and is based in Belfast; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Belfast, Northern Ireland
- Age
- 5 yrs · since 2020
- 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. From the filing: “The ultimate parent undertaking of this company is MKR Holdings Limited, a company incorporated in England and Wales. The smallest group in which the results of the company are consolidated is that he”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £1.4m | £1.2m | £598k |
| Cost of sales | £1.2m | £1m | £548k |
| Gross profit | £192k | £141k | £49.9k |
| Operating profit | £87k | £102k | £16.5k |
| Profit before tax | £87k | £102k | £16.5k |
| Profit after tax | £70.5k | £76.8k | £12.6k |
| Profit (best available) | £70.5k | £76.8k | £12.6k |
| Employees (average) | 0 | 0 | 0 |
| Ratios | |||
| Profit margin | 5.1% | 6.5% | 2.1% |
| Gross margin | 13.9% | 11.9% | 8.3% |
| Growth (year on year) | |||
| Revenue growth | — | ▼14.6% | ▼49.5% |
| Profit growth | — | ▲9% | ▼83.7% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £253k | £264k | £118k |
| Net assets | £158k | £84.8k | £97.4k |
| Current assets | £300k | £372k | £118k |
| Source | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Oct 2025 |
How the business works
- Profit margin
- 2.1%
- Profit ÷ revenue.
- Gross margin
- 8.3%
- 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.
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
- ▲15%
- Now £97.4k
- Cash at bank
- ▼55%
- Now £118k
- Headcount
- —
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- MKR Holdings Limitedultimate parent75–100%
- Meade-King,robinson & Company Limited75–100%
- H Plus Ireland Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Oleo Solutions LtdRev. £19.9m · Profit £1.5m
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £12.6k), from the Companies House accounts bulk data published Oct 2025. 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.