How much does Richmonds Plumbing & Heating Merchants Limited make?

Richmonds Plumbing & Heating Merchants Limited reported revenue of £13.3m and a loss of £353k in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Richmonds Plumbing & Heating Merchants Limited have?

Richmonds Plumbing & Heating Merchants Limited reported an average of 64 employees in the year to 31 Dec 2024.

Is Richmonds Plumbing & Heating Merchants Limited profitable?

No — Richmonds Plumbing & Heating Merchants Limited reported a loss of £353k in the year to 31 Dec 2024.

Company No. SC098337 · Incorporated 9 Apr 1986

Richmonds Plumbing & Heating Merchants Limited

Registered name: RICHMONDS PLUMBING & HEATING MERCHANTS LIMITED

Part of Strathcairn Limited group

Richmonds Plumbing & Heating Merchants Limited made £13.3m revenue and a £353k loss in the year to 31 Dec 2024. read from filing text

Richmonds Plumbing & Heating Merchants Limited’s revenue fell 16% to £13.3m in the year to 31 Dec 2024, with a loss of £353k and 64 employees. The company is classified under “wholesale of wood, construction materials and sanitary equipment” and is based in Lanarkshire; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46730Wholesale of wood, construction materials and sanitary equipment

Status: Active
Location: Lanarkshire, Scotland
Age: 40 yrs · since 1986
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 company is controlled by its immediate and ultimate parent undertaking, Strathcairn Limited.”

Latest accounts · year to 31 Dec 2024

Key figures

Capital-light

Revenue

£13.3m

Growth ▼15.8%

Profit

−£353k

Growth ▼1168%

Profit margin

−2.7%

Gross 27.8%

Employees

Change ▼7.2%

Profit / employee

−£5.5k

Revenue/employee £207k

Profitable streak

0yrs

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	31 Dec 2023	31 Dec 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£15.7m	£13.3m
Cost of sales	£11.5m	£9.6m
Gross profit	£4.3m	£3.7m
Operating profit	£109k	−£383k
Profit before tax	£51.1k	−£439k
Profit after tax	£33k	−£353k
Profit (best available)	£33k	−£353k
Staff costs	£2.6m	£2.5m
Employees (average)	69	64
Ratios
Profit margin	0.2%	−2.7%
Gross margin	27%	27.8%
Revenue per employee	£228k	£207k
Profit per employee	£479	−£5.5k
Growth (year on year)
Revenue growth	—	▼15.8%
Profit growth	—	▼1168%
Headcount growth	—	▼7.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.2k	£11k
Net assets	£2.6m	£2.2m
Fixed assets	£549k	£536k
Current assets	£3.9m	£3.6m
Debtors	£1.9m	£1.7m
Deferred income	£111k	£107k
Source	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: −2.7%; Profit ÷ revenue.
Gross margin: 27.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £207k; Revenue ÷ average employees.
Profit per employee: −£5.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12.7%; 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: ▼14%; Now £2.2m
Cash at bank: ▲788%; Now £11k
Headcount: ▼7%; Now 64
Deferred income: ▼4%; Now £107k
Fixed assets: ▼2%; Now £536k

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

Strathcairn Limitedultimate parent75–100%
Richmonds Plumbing & Heating Merchants Limitedthis company

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

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

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£353k), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.

Updated from Companies House on 15 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.